Оглавление
Dave M.D. Ward. Party With Prudence - Independence Day
INTRODUCTION
Chapter 1: The Bare Necessities
Food & Clothing
Shelter
Utilities
Transportation
Insurance
Retirement
Reserves
Taxes & Social Security
Needs & Wants
Party Money
Chapter 2: Preparing for Independence Day
Ten Rules for Independence
Saving for Independence Day
Income
Withholdings
Income Taxes
Retirement Reserves
Shelter Cost
Furniture, Appliances, & Household
Vehicle Costs
Reserve Calculations
Slush Fund
Managing Deposits
Savings Accounts
Checking Accounts
First Paycheck
Tweak, tweak, tweak
What if?
Direct Deposit/Payroll Deduction
Chapter 3: Spending your future income today. Managing Credit
Lending Guidelines
Credit Score
Debt to Income Ratio (DTI)
Unsecured Debt Ratio
Discretionary Income
Job Time
Loan to Value (LTV)
EXERCISE 3-4: Loan to Value Calculation. Use the Loan to Value worksheet on www.partymoneybudget.com. If you do not have a secured loan, then use the following scenario: Automobile Value: $6000, Loan amount: $3500
Loan Interest
Types of Loans
Car Loans
Mortgages
Credit Guidelines
Chapter 4: Prudence’s College Party. Change in Plans
Career Tests & Counseling
FAFSA Test
Student Loans
Federal consolidation loan. 16
GRANTS
SCHOLARSHIPS. 18
College “To Do” List
Chapter 5: Party Life Insurance & Investments
Group Insurance Policies. Health Insurance
Additional Employee Benefit Programs
Life Insurance
Investments
Investment Portfolio
Chapter 6: Independence Day! Checking Account Management
Online Checking Management & Bill Pay
A TAIL OF DETAILS
Appendix A
Calculation of Monthly Vehicle Cost
Appendix B
Glossary
Отрывок из книги
For the purpose of this book, “Party” does not mean abusing drugs or alcohol, it simply means having fun.
So you are getting close to turning eighteen years old and will soon be graduating high school, with a new life in front of you. If you have already been working part time jobs through high school, what do you have to show for all your hard work? Maybe a car, the latest in video, phone, and computer technology, lots of great times that you’ll always remember, and nothing in the bank. That’s ok, you are having fun. But, what if it is 20 years later and you still have a car, the latest in video, phone, and computer technology, a lot of great times that you’ll always remember, lots of credit card bills, and still nothing in the bank, then that’s not ok. This book is a guide to make sure that you will have something to show for all your hard work, have been able to party, and still can. The time to start using this guide is now. You are getting close to being on your own and need to start thinking about how you are going to manage your money and your life.
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However, if you are going on to college, you should be thinking about how you are going to pay for:
•Your tuition
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