Financial

Budgeting 101
Interest is when you pay back an extra percent of the money you have to give back after accepting a loan.
•

God - Tithes
You - Pre-tax accounts, benefits - medical, dental, life insurance, transit, etc.
Government - Taxes
everyone else, including:
• You (again) through savings & IRAs
Living expenses/bills
• Debts
• Charity (including church offering)


1. Identify financial goals
2. Create Budget (you can adjust your spendings to satisfy your needs)
3. Implement a plan



Senior checklist
• Apply for scholarships and grants
• Look for local scholarships
• Research student loan options
• Attend financial workshops and events
• Completing housing and financial budget


Subsidized vs unsubsidized loans
• government pays interest on the loan in college, when you start paying loan, you don't have to pay interest
• unsubsidized, you gotta pay interest, and any accrued interest from loans during the first four years


Go for subsidized loan if you can!