Budgeting
What is budgeting?
Tracking income and expenses
What is debit / credit?
Debit - Your own money
Credit - someone else's money
Small ownership of a company
Stocks
Starting salary range?
$55,000+
What is finance?
This expense is the same every month; doesn't change
Fixed expense
Examples of credit cards
Discover, Quicksilver, Bank of America
Virtual stock market simulator
Stock Track
Name 3 careers in finance
Financial Analyst/ Advisor, Risk manager, Accountant, Banking, Investment Banker
How can finance help you in life?
Avoid debt, build good credit, save up for retirement
Whats a tool that can help you budget?
Rocketmoney
What is the range for a GOOD credit score?
670 - 739
An "I.O.U"
Bonds
Name a company that ALPFA has worked with
Wells Fargo, Morgan Stanley
Name some stuff related to finance
Budgeting/ Saving, Investing, Financial planning, banking and credit, Risk management, Understanding Markets
How long does an emergency fund cover?
3-6 months
What is the average debt of someone in the US?
Around $23,000 (not including mortgage)
Riskier investment
Cryptocurrency
What is the most common certification that people get for accounting?
Certified Public Accountant (CPA)
Number of companies monitored in the S&P
500
What is the good rule of thumb for budgeting?
The 50/30/20 rule (50% needs, 30% wants, 20% savings)
What are the 3 main credit bureaus?
Equifax, Experian, and TransUnion
Other forms of investment
mutual funds, real estate, crypto
What are some of the top majors in ALPFA?
Finance / Accounting
How many credit hours do you need for the CPA exam?
120 credit hours