amp Personal Finance Club The Financial Literacy Initiative Our Mission The Financial Literacy Initiative is a program that seeks to educate young adults on the foundational concepts of personal finance We ID: 719784
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Slide1
Abroad on a Budget
Financial Literacy Initiative& Personal Finance ClubSlide2
The Financial Literacy Initiative
Our Mission
The Financial Literacy Initiative is a program that seeks to educate young
adults on the foundational concepts of personal finance. We strive to instill a sense of financial competency in Pepperdine students through
instruction and coaching on the practical applications of money management.
Our Story
In the Spring of 2015, The Financial Literacy Initiative was awarded a Waves
of Innovation grant. The program’s three-year implementation plan, beginning in the fall of 2015, includes three steps:
1. Establish a “Money Management for Millennials” freshman seminar course
2. Offer “Personal Finance” to students as an elective course
3. Create a Center for Financial Literacy that is designed to educate, coach, and offer money management tools to students
Find out
more at
http://community.pepperdine.edu/seaver/financialliteracy
/
Slide3
Budgeting Abroad
By failing to prepare, you are preparing to fail.
He who fails to plan is planning to fail.Slide4
Have a Plan
Identify all sources of income.
Estimate anticipated typical week expenses.What money is left over can be allocated towards your weekend travels.
Booking last minute will cost you, so plan ahead.Slide5
Be Prepared
Everyone has a plan until they get punched in the face.
Have cash budgeted and set aside
in an
emergency fund
for incidents such as missing a train or flight.
H
ave
a credit card with
a sufficient limit that
can be used
extreme cases.Slide6
Be Disciplined
Creating a budget is easy, the difficulty comes in actually following it!
Link up with an accountability partner to stay on track. Slide7
Spending Abroad
Work with your parents to find the best credit card for you.
Watch out for transaction fees and fraud.
Each program is unique so talk to your ambassadors for specifics.Slide8
Useful Apps
Rail Planner
a
irbnb
Citymapper
Passbook
GlobeConverter
s
kyscanner
Xoom
Dolar
Blue
*
Buenos
Aires Slide9
Budgeting Activity
Groups of 4-6 people
from your programYou will be traveling to for the weekend of October 14-16
Figure out the costs of the following (in USD):Transportation
from your program to travel destinationTwo options for housing
Mode of transportation from airport/station to accommodation (i.e. taxi, Uber, walk, bus, train)One
dinnerTwo activities
– 1 that is free and 1 that costs money (i.e. museum, play, park, or other main attraction) Slide10
Suggested Sites
Transportation:www.skyscanner.com
www.eurail.comwww.raileurope.comActivities and Food:
www.yelp.comwww.tripadvisor.com www.ricksteves.com
Lodging:www.airbnb.comwww.hostelworld.comSlide11
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