Course: FYE 101 First Year Experience

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Reading and Audio Visual Presentation » Financial Literacy

Reading and Audio Visual Presentation

Your Spending
Credit Cards and Your Credit Report

The Money You Borrow

The Money Your Borrow
In this section, you will learn about debt. Most of us need to borrow money to make big purchases, such as a home or a car. Many students borrow money to pay for college. By understanding and controlling debt, you can keep yourself from making costly mistakes.

Read pages 11-17 by clicking on this link: Your Spending Your Savings Your Future by the National Endowment for Financial Education.

Try to make the calculations suggested on page 12 to determine the amount of consumer debt per month that you should not exceed.

If you owe money, think about whether you are living above or below your means.

Your Spending
Credit Cards and Your Credit Report