Budgeting
This is a plan for how to spend and save your money each month.
What is a budget?
This term refers to the total amount of money you owe to lenders, including credit cards, loans, and other borrowed funds.
What is debt?
This four-letter acronym represents the components of a monthly mortgage payment.
What is PITI?
The act of reaching out to professionals to build relationships and learn about their careers.
What is networking?
This is a short statement that describes what you want to achieve in the next year.
What is a short-term goal?
Money earned from a job or other sources is called this.
What is income?
This term refers to the ability to borrow money now with the promise to repay it later, often with interest.
What is credit?
This is a legal claim on real property that secures a home loan repaid in regular installments over a specified term.
What is a mortgage?
A brief, 30- to 60-second introduction that shares who you are and what you’re seeking professionally.
What is an Elevator Pitch?
This building on campus is where the SFEPD Student Ambassadors booth at.
What is The New School of Business?
These are costs that stay the same each month, like rent or a car payment.
What are fixed expenses?
The 3 C’s of credit
What is Capacity, character, collateral?
This document, provided in good faith by your lender or broker, details an itemized list of costs and fees associated with your loan.
What is a Loan Estimate?
The capacity to manage your time, prioritize tasks, and meet deadlines.
What is time management?
This location on campus helps empower students and alumni as they navigate their career paths using things like resume reviews and mock interviews.
What is the CDS Office?
This budgeting method allocates every dollar of income to specific categories until none are left unassigned.
What is zero-based budgeting?
This is the range of an excellent credit score
What is 800-850?
This process allows a lender to reclaim your property and evict you after you’ve fallen behind on mortgage payments.
What is foreclosure?
The follow-up action you take within 24–48 hours after meeting someone new at a networking event.
What is sending a thank-you or follow-up email?
This type of goal should be Specific, Measurable, Achievable, Relevant, and Time-bound.
What is a SMART goal?
This budgeting strategy includes setting aside money for irregular but predictable costs like annual subscriptions or holiday spending.
What is sinking funds?
One major economic benefit of having a good credit score is qualifying for this, which reduces the cost of borrowing.
What are lower interest rates?
These characteristics makes a borrower attractive.
What is Job stability, good credit, cash reserves?
The practice of sharing articles, insights, and accomplishments online to showcase your expertise.
What is personal branding?
This is what SFEPD stands for.
What is The Society for Financial Education & Professional Development