OnEin3 Money 01 20 10
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

OnEin3 Money 01 20 10

on

  • 385 views

ONEin3 Boston, an initiative founded by Mayor Thomas M. Menino at the Boston Redevelopment Authority, connects young adults with resources, with city government and with each other. Thirty-three ...

ONEin3 Boston, an initiative founded by Mayor Thomas M. Menino at the Boston Redevelopment Authority, connects young adults with resources, with city government and with each other. Thirty-three percent of residents in the City of Boston are between 20-34 years old. This integral demographic represents today’s workforce and consumers, and tomorrow’s professional and civic leadership. ONEin3 Boston seeks to make the City an attractive, long-term home by studying the issues that are important to them and acting upon those findings.

Statistics

Views

Total Views
385
Views on SlideShare
375
Embed Views
10

Actions

Likes
0
Downloads
1
Comments
0

1 Embed 10

http://www.onein3money.org 10

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • www.JenniferLane.com, (617) 523-4666

OnEin3 Money 01 20 10 Presentation Transcript

  • 1. ONEin3Money Jennifer Lane CFP [email_address] @jennplane ONEin3Money.org
  • 2. Jennifer Lane CFP
    • [email_address]
    • NECN, Tuesdays at 5:00, 6:30 and 8:30 pm
    • Author: The Complete Idiots Guide to Protecting your 401(k) and IRA
    • Jenniferscompass.typepad.com
    • @jennplane
    ONEin3Money.org
  • 3. ONEin3MONEY
    • Smart Budgeting and Goal Setting
    • Paying off Credit Card/Student Loan Debt
    • Improving Your Credit Score
    • Home buying
    • Retirement Planning
    • Frugal Living in a Fun City
    ONEin3Money.org
  • 4. Smart Budgeting and Goal Setting
    • Prioritize and write down your goals
    • Plan Monthly Money Meetings
    • Set-up Money Baskets for direct deposit
    • Track your spending – MINT.com
    ONEin3Money.org
  • 5. Your Questions
    • How do you save when you have nothing?
    • How to afford to attend school when a loan doesn't cover the entire cost.
    • How much should a person pay for rent? I feel like rent costs here are way more than my salary allows.
    ONEin3Money.org
  • 6. Paying off Credit Card/Student Loan Debt
    • Use 2 to 3 cards max
    • Check credit report www.AnnualCreditReport.com
    • Drop all credit cards with fees
    • Pay credit card balance each payday
    ONEin3Money.org
  • 7. Snowflake your Savings
    • Snowflakes are small,
      • but they add up quickly
    • Collect and deposit once a week
    ONEin3Money.org
  • 8. Lunch – 25 minutes and $6.99 per month ONEin3Money.org
  • 9. Snowball your Debt
    • Pick a fixed monthly amount…keep it rolling towards your debt until everything is paid
    ONEin3Money.org
  • 10. Your Debt Snowball
    • Smallest account first
    • Then pay all down to 50% of the limit
    • Then all down to 35% of limit
    • Then focus on highest interest
    ONEin3Money.org
  • 11. Improving Your Credit Score
    • Pay on time
    • Pay bill from the credit card site; Not from bill pay
    • Keep balances below 35%
    • Mix of credit accounts – utilities, credit card, loans
    • Free score CreditKarma.com
    ONEin3Money.org
  • 12. Your Questions
    • How to get first credit card
    • Recommendations on credit cards that are "better" than others in terms of getting rewards and saving money?
    ONEin3Money.org
  • 13. Frugal Living in a Fun City
    • Prioritize
    • Check withholding www.irs.gov
    • Limit ATM to once per week
    • Always shop with a list
    • Limit housing to 30% of pay
    • ShoeStringMag.com
    ONEin3Money.org
  • 14. Home buying
    • Better to buy – IF:
      • Will live there 5+ years
      • Rent is greater than:
        • Mortgage
        • + condo fee/maintenance
        • + real estate taxes
        • - mortgage interest savings
        • if planning move within 7 years, calc cost to sell
    • Boston Home Center for info and programs
    ONEin3Money.org
  • 15. Retirement Planning
    • Ok to start small
    • Open a Roth IRA
    • www.Morningstar.com for mutual fund info
    • Use no-load Target Date Funds
    • How is your broker compensated?
    ONEin3Money.org
  • 16. Resources
    • AnnualCreditReport.com
    • Cityofboston.gov/dnd/bhc/ (Boston Home Center)
    • MINT.com
    • ShoeStringMag.com
    • Morningstar.com
    • JennifersCompass.typepad.com
    • ONEin3Money.org
    ONEin3Money.org