This document outlines strategies for managing money as a live-in student, including paying off debt, saving money, and setting financial goals. It recommends starting with small, incremental "baby steps" like paying minimum payments on all debts while targeting the smallest one first, setting a $5,000 emergency fund goal, and automatically saving a portion of each paycheck towards debt repayment and long-term savings. The overall message is that financial stability can be achieved through disciplined, step-by-step money management practices.

1. MANAGING YOUR MONEY AS A LIVE-IN
RYAN MCRAE, MALS, RD AT CSUSM (GO COUGARS)
Wednesday, March 18, 2009

2. The Goals of this
Presentation
Be realistic about your $
Have a plan on how to:
Get out of debt
Or save money
Detect and Defeat
Temptation
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3. First things first:
Fill out the FACTS part on the worksheet.
1 minute.
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4. What is your level of debt*?
Low $1-$2,000
Mild $2,001-$4,000
Moderate $4,001-$7,000
High $7,001-$10,000
Extreme $10,000 +
* This is bad debt, not school loans.
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5. How did you get here?
Fill out the OBSTACLES part.
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6. Cost of debt?
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7. Relationships?
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8. TIME?
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9. PEACE?
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10. Happiness?
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11. FREEDOM?
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12. Your Health?
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13. Goals?
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14. STEP ONE
Where do you start?
[We start with Baby Steps]
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15. $1,000 SAVED
Where do you start?
[We start with Baby Steps]
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16. STEP TWO
SNOWBALL
THE DEBT
Where do you start?
[We start with Baby Steps]
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17. Name of card How much you owe Minimum Payment
Mastercard $400.00 $25.00
Gap $940.00 $67.00
Visa $750.00 $45.00
Total $2,090.00 $137.00
Where do you start?
[We start with Baby Steps]
Wednesday, March 18, 2009

18. Name of card How much you owe Minimum Payment
Mastercard $400.00 $25.00
Visa $750.00 $45.00
Gap $940.00 $67.00
Total $2,090.00 $137.00
Where do you start?
[We start with Baby Steps]
Wednesday, March 18, 2009

19. How much you Minimum
Name of card Payments
owe Payment
Mastercard $400.00 $25.00 $75.00
Visa $750.00 $45.00 $45.00
Gap $940.00 $67.00 $67.00
Total $2,090.00 $137.00 $187.00
Where do you start?
[We start with Baby Steps]
Wednesday, March 18, 2009

20. How much you Minimum
Name of card Payments
owe Payment
Mastercard $400.00 $25.00 $75.00
Visa $750.00 $45.00 $45.00
Gap $940.00 $67.00 $67.00
Total $2,090.00 $137.00 $187.00
Where do you start?
[We start with Baby Steps]
Wednesday, March 18, 2009

21. How much you Minimum
Name of card Payments
owe Payment
Mastercard $400.00 $25.00 $75.00
Visa $750.00 $45.00 $45.00+$75.00
Gap $940.00 $67.00 $67.00
Total $2,090.00 $137.00 $142.00
Where do you start?
[We start with Baby Steps]
Wednesday, March 18, 2009

22. How much you Minimum
Name of card Payments
owe Payment
Mastercard $400.00 $25.00 $75.00
Visa $750.00 $45.00 $45.00+$75.00
$67.00+
Gap $940.00 $67.00
$120.00
Total $2,090.00 $137.00 $75.00
Where do you start?
[We start with Baby Steps]
Wednesday, March 18, 2009

23. WHAT ABOUT SCHOOL LOANS?
RULE OF THUMB: PAY PRIVATE FIRST.
GOVERNMENT LAST.
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24. YOU ARE DEBT FREE.
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25. STRATEGIES
AS A LIVE IN?
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26. use your food plan
reduce your insurance
bulk up
F-R-E-E
avoid retail therapy
borrow
STRATEGIES
AS A LIVE IN?
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27. STEP THREE
EMERGENCY: $5,000
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28. ASIDE: NEVER COSIGN
FOR A LOAN
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29. SAVE HOW?
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30. THIS IS HOW
BABY STEPS.
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31. WHAT IS ONE THING
YOU SPLURGE ON
DURING THE WEEK?
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32. STARBUCKS: $3.00/DAY
One week $21.00
One month $84.00
One year $1,008
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33. SHOES: $45.00 PER WEEK
One week $45.00
One month $180.00
One year $2,160
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34. TAKE HALF AND PUT THAT
TOWARDS DEBT
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35. MAKE SAVINGS AUTOMATIC.
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36. DIRECT DEPOSIT, LIKE
INGDIRECT.COM
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37. Each paycheck (2/month), if you put $100 away you’d have in...
6 months $1,200
1 year $2,400
2 years $4,800
5 years $12,000
10 years $24,000
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38. SAVE IT BEFORE YOU GET YOUR
GREEDY HANDS ON YOUR MONEY
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39. FILL OUT YOUR GOAL SECTION
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40. THE ONLY WAY YOU CAN GET
THESE GOALS ACCOMPLISHED
IS BY BABY STEPS. . .
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41. THE END.
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