what percentage of your wages does Mrs. Davis suggest you save while here at FGJC?
70%
Where can I find my Credit Score?
creditkarma.com
What is Financial Literacy
The ability to understand and manage my personal finances.
Why does Financial Literacy matter?
Ability to create and stick to a budget. Keeping track of how my money is spent.
The amount of money you need depends on?
Lifestyle, Location, and financial goals
What are the 3 C's in financial literacy?
Character, Capital (or collateral), and Capacity.
What is the 20/10 Rule?
A financial strategy to help you avoid dangerous levels of debt.
If I have late payments or unpaid payments will it negative impact my credit score?
Yes Absolutely
What is income?
Money received, especially on a regular basis, for work or through investments.
How many months should I budget for within one year?
12 months
What is considered a Good credit score?
On a scale of 300 to 850, 700 to 749. Anything higher is considered excellend
How much should I save from each check while at FGJC?
70% For housing, Transportation, furniture, and other expenses.
Why is creating a budget important to you?
Used to determine your financial goals, then outlining the monthly and annual income, expenses, and savings.
