1. Unit Two: living on your ownOff To Collegeand On YourOwnJune 2012Saunders Learning Group, LLC, Andover, KS

2. Topics The cost of moving Budgetingfor First Timers Signingthat first lease Tracking Your SpendingSaunders Learning Group, LLC, Andover, KS 3. Training from Saunders Learning GroupSaunders Learning Group provides a varietyof training programs, workshops andseminars targeted to the financial servicesindustry.Programs are available in a wide range oftopics, and we are specialists in developingcustom programs that are targeted to yourneeds.Contact the founder, Floyd Saunders at316-680-6482 or atfloyd@floydsaunders.com for moreinformation.Saunders Learning Group, LLC, Andover, KS3 4. WelcomeIntroductionsSaunders Learning Group, LLC, Andover, KS 5. the costs of movingmoving-in costs can include: Rent for first month Rent for last month Cleaning deposit Security deposit Utilities deposit Telephone depositmoving costs can include: Renting a truck Hiring movers Packing suppliesSaunders Learning Group, LLC, Andover, KS 6. moving budgetwhen preparing your budget, keep in mind: Your personal and financial goals Your income Your lifestyle Your fixed expenses Your flexible expenses Moving costs Moving-in costs The cost of setting up houserule of thumb: You should spend no more than 40% of your net income on rent or mortgage payments.Saunders Learning Group, LLC, Andover, KS 7. budgeting to move income Job #1 $ Job #2 $ Total income $ fixed expenses Rent $ Car Insurance$ Car Payment$ flexible expenses Savings$ Food $ Utilities$ Clothing $ Entertainment$ Household items$ Personal items $ Tuition$ School expenses$Saunders Learning Group, LLC, Andover, KS 8. budgeting to move (continued) flexible expenses (continued) Transportation $ Bus fare $ Gas and oil$ Parking and tolls$ Repairs$ total monthly expenses1$ moving-in costs Rent for first month $ Rent for last month$ Cleaning deposit $ Security deposit $ Utilities deposit$ Moving costs $ Other$ total cost to move in2 $Saunders Learning Group, LLC, Andover, KS 9. budgeting to move (continued) cost of furnishing and equipping an apartment Bedroom #1$ Bedroom #2$ Living Room $ Dining Room $ Kitchen $ Bathroom$ Other $ total cost3 $ summary Total cost for first month (1+2+3)$Saunders Learning Group, LLC, Andover, KS 10. first time lease agreement1. Parties/Premises:This Lease is made this 27th of August, 2008, by and between Alice Chan (herein referred to asLandlord) and Tim Baker (herein referred to as Tenant). Landlord hereby leases to Tenant certainreal property situated in the City of San Francisco, State of California, commonly known as 123 MainStreet and described as Two Bedroom Apartment (hereinafter called the Premises).2. Term:The term of this Lease shall be for one year commencing on September 1, 2008, and ending onSeptember 1, 2009.3. Rent:Tenant shall pay to Landlord as rent for the Premises the sum of $850.00 dollars per month, on thefirst day of each month. Rent shall be payable without notice or demand at the address as theLandlord may designate to Tenant in writing.4. Utilities:Tenant shall make all arrangements and pay for all gas, heat, light, power, telephone, and otherutility services supplied to the Premises and for all connection charges.5. Hold Harmless:Tenant shall hold Landlord harmless from and against any and all claims arising from Tenants use oroccupancy of the Premises. Except for Landlords willful or grossly negligent conduct, Tenant herebyassumes all risk of damage to property or injury to persons in or about the Premises.Saunders Learning Group, LLC, Andover, KS 11. a lease agreement (continued)6. Default:If Tenant shall default and breach any covenant or provision of the Lease, thenthe Landlord, after giving the proper notice required by law, may re-enter thePremises and remove any property and any and all persons therefrom.7. Holding Over:If Tenant, with the Landlords consent, remains in possession of thePremises after expiration of this Lease, such possession shall be a tenancyfrom month-to-month at a rental in the amount of the last months rent.Tenant must notify Landlord in writing at least thirty days prior toevacuating the Premises. All other provisions remain the same.8. Waivers:No waiver by Landlord of any provision hereof shall be deemed a waiverof any other provision hereof.Landlord by: Tenant by:Alice Chan Tim BakersignaturesignatureSaunders Learning Group, LLC, Andover, KS 12. rights and responsibilities of a tenantTenants rights: Withholding rent if the landlord doesnt make repairs in reasonable amount of time. Safe and sanitary premises. No changes in terms and conditions for the length of the lease.Tenants responsibilities: Paying rent on time. Using the rental for the purpose stated in the lease. Taking reasonable care of the property. Notifying the landlord if any major repairs are needed. Giving notice if leaving at the end of the lease. Giving notice if leaving before lease is up and paying rent for balance of leaseif landlord cant find new tenants. Paying for any damage to the walls, floors, and furniture. Not making alterations that the landlord must fix later. Giving landlord a new set of keys if you change the locks. Paying all of rent if roommates move out and you staycollege lesson 2 - slide 2-ESaunders Learning Group, LLC, Andover, KS 13. rights and responsibilities of landlordslandlords rights: Charging extra if rent is late (amount specified in lease agreement). Keeping part or all of the security deposit if you leave before the lease is up(as specified in the lease). Charging rent through the length of the lease even if you arent living onthe premises. Keeping all or part of security deposit if you damage walls, floors, or fixtures,or if you make alterations that have to be fixed after you move out. Keeping all or part of the cleaning deposit if you dont leave the premises clean whenyou move out.landlords responsibilities: Making repairs in a reasonable amount of time. Keeping premises safe and sanitary. Entering premises only at agreed-upon time to make repairs (unless there is anemergency), or to show the apartment to potential renters if you are moving out. Paying interest on deposit money. Collecting rent. Maintaining exterior grounds of building. college lesson 2 - slide 2-FSaunders Learning Group, LLC, Andover, KS 14. the art ofbudgetingSaunders Learning Group, LLC, Andover, KS 15. preparing a budget for the first timephase 1: Assess your personal and financial situation (needs, values, life situation).phase 2: Set personal and financial goals.phase 3: Create a budget for fixed and variable expenses based on projected income.phase 4: Monitor current spending (saving, investing) patterns.phase 5: Compare your budget to what you have actually spent.phase 6: Review financial progress and revise budgeted amounts.Saunders Learning Group, LLC, Andover, KS 16. goal-setting guidelines well-written personal and financial goals SHOULD: be realistic I you are working part-time is not likely to be able to afford a new car every couple of years. be specific I want to save $5,000 for a down payment to buy a house. have a timeframe I want to pay off my credit card within the next 18 months. state the action to be taken I want to start an automatic deposit savings account with monthly withdrawals from my checking account.Saunders Learning Group, LLC, Andover, KS 17. setting up and maintaining a budgetincomebudgetactual differenceJob #1$ $$Job #1$ $$Other $ $$total monthly $ $$incomeexpensesbudgetactual differencefixed regular expensesRent$ $$Car insurance $ $$Car payment $ $$Credit card $ $$fixed irregular expensesSavings $ $$Food$ $$Utilities $ $$Saunders Learning Group, LLC, Andover, KS 18. setting up and maintaining a budget(continued) expensesbudgetactual difference transportation Bus fare$ $$ Gas and oil $ $$ Parking and tolls $ $$ Repairs $ $$ other Medical expenses$ $$ Clothing$ $$ Entertainment $ $$ Household items $ $$ Personal items$ $$ Tuition $ $$ School expenses $ $$ total monthly $ $$ expenses Saunders Learning Group, LLC, Andover, KS 19. QuestionsSaunders Learning Group, LLC, Andover, KS 20. Post Workshop Action Plan Complete the Post Workshop Action PlanSaunders Learning Group, LLC, Andover, KS20 21. About the Presenter Floyd Saunders has worked on Wall Streetwith both Bank of America and JPMorgan,where is was a vice president in globalfinancial systems. He has worked acrossthe industry in retail, commercial, andinvestment banking. He has taught courses in Money andBanking, Principles of Banking, ManagerialFinance and extensively for the AmericanInstitute of Banking and various colleges. As a consultant, he developed and taughta wide range of banking and investingcourses. He authored three programs for theAmerican Bankers Association: Banking onMutual Funds and Annuities, Introduction toSecurities Markets and Investing inSecurities. He is the author of Figuring Out WallStreet, a consumers guide to financialmakets Look for his next book, Family FinancialFreedom available as an e-book soon.Saunders Learning Group, LLC, Andover, KS