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One Year from Now
- open a checking account and NEVER bounce a check
- Be care of store teaser cards. Although you get 10-20% initial item discount this could cost you more in the long run
- Make additional loan payments to college loans
- sign up for a credit card and start building up a good credit score
- save a lot of money (Work a lot of hours) For loans and travel
- set up direct deposit and establish a budget and budget your money into different categories
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5 Years from Now
- start paying loans in college and save for grad/med school
- work through college to support yourself, to pay back loans, and for traveling
- establish a budget/sign up for direct deposit
- Get a secured credit credit card (make sure the lender reports to the 3 credit reporting agencies)
- check credit score
- pay bills on time
- pay more than the minimum
- make additional loan payments
- get an annual report
- Goals: Out of/almost finished of college, travel, med school or grad school
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10 Years from Now
- pay down credit cards
- keep unused cards open
- dont apply for more credit if I have open unused credit
- keep the balance I owe on credit cards under 30% of limit
- have a mix of credit: car loan, college loan, revolving credit
- continue to pay college/grad school/med school
- buy a used affordable car to get to and from places, road trips and work (gas $3,000, insurance $2000, maintance $2000)
- apartment (approx 2000/month)
- save for traveling (goal $20,000/yr of traveling)
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20 Years from Now
- apply for mortgage (Average 24,000/yr)
- Pay bills on time (electric (1,344/yr, water 840/yr, tv/phone/internet 2,400/yr)
- continue to travel and save for traveling
- save for retirement
- continue to work toward good credit
- If you have a kid(s) save for college for them
- continue to pay off college/grad or med school loans