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Surviving Tough Times Series Life  Fundamental$ Money Management Seminars are a program of the  Kentucky Council on Economic Education presented by the Kentucky Society of CPAs © 2009
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[object Object],[object Object],[object Object],[object Object],http://www.creditcardguide.com/ http://www.bankrate.com/funnel/credit-cards/credit-card-results.aspx http://www.creditcards.com
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],World’s Worst Credit Card  --  http://www.youtube.com/watch?v=FunpS4QXcRI&feature=related
Signed by President Obama on May 22, 2009. Goes into effect  between now and February 2010. (Dirty Little Credit Card Secrets)  http://www.youtube.com/watch?v=kHfN-YUkH1E&NR=1
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],43 The most recent Federal Reserve study shows that 43% of American families spend more money than they earn.    8  Number of consecutive years that more people have declared bankruptcy annually than graduated from college!  60 Percent of people who do not pay off their credit cards every month and instead carry a balance.
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[object Object],[object Object],[object Object],[object Object],10% or less Credit is in great shape. Loan applicants generally will be approved for low-rate loans. Will have no trouble getting credit cards. 11 - 20% Won't have trouble getting loans, but as people approach 20% they probably have too much debt. 21 – 35% Too much debt. Probably having trouble saving money 36-50% Need to develop a plan to get out of debt 50% + You need help. Make an appointment to see a credit counselor. econedlink.org
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" My grandma used to say that if you're going to buy something that doesn't go up in value, and you can't afford to pay cash, then you can't afford it." If you eat it, drink it, or wear it, or it’s under $20, don’t use your credit card.
 
http://www.creditcardnation.com/calculator.html http://www.feedthepig.org/creditcardcalc http :// www.timevalue.com/calculators/credit-card-calculator.aspx
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Breaking down the numbers Score % of  population Score % of population 300-499 2% 650-699 15% 500-549 5% 700-749 18% 550-599 8% 750-799 27% 600-649 12% over 800 13%
[object Object],[object Object],[object Object],[object Object],[object Object],Someone’s watching your credit activity…are you?
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],http://www.youtube.com/watch?v=_Nd3ol6lLWQ http://www.youtube.com/watch?v=Sd8y9R36gcg&NR=1
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Credit

  • 1. Surviving Tough Times Series Life Fundamental$ Money Management Seminars are a program of the Kentucky Council on Economic Education presented by the Kentucky Society of CPAs © 2009
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Signed by President Obama on May 22, 2009. Goes into effect between now and February 2010. (Dirty Little Credit Card Secrets) http://www.youtube.com/watch?v=kHfN-YUkH1E&NR=1
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. " My grandma used to say that if you're going to buy something that doesn't go up in value, and you can't afford to pay cash, then you can't afford it." If you eat it, drink it, or wear it, or it’s under $20, don’t use your credit card.
  • 13.  
  • 14. http://www.creditcardnation.com/calculator.html http://www.feedthepig.org/creditcardcalc http :// www.timevalue.com/calculators/credit-card-calculator.aspx
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. Breaking down the numbers Score % of population Score % of population 300-499 2% 650-699 15% 500-549 5% 700-749 18% 550-599 8% 750-799 27% 600-649 12% over 800 13%
  • 20.
  • 21.
  • 22.
  • 23.