posted the program - FAMU NAA, Washington DC Chapter
Transcription
posted the program - FAMU NAA, Washington DC Chapter
2015 FAMU Freshman Sendoff Saturday, August 8, 2015 Sponsored by Florida A&M National Alumni Association Washington, DC Chapter 2015 FAMU Freshman Sendoff Saturday, August 8, 2015 1307 New York Avenue NW Washington, DC 20005 AGENDA 1:00 pm Introductions and Welcome Dr. Stephen Roberson, Freshman Sendoff Chair Welcome - Dr. Artie Polk, President of the FAMU NAA, Washington DC Chapter 1:05 pm Perspectives of FAMU Experience Student Perspective - Ms. Monae White, President of the DC Metro Club Alumnus Perspective - Dr. Keneshia Grant, Assistant Professor of Political Science, Howard University Parent Perspective - Dr. Vesta McDowell Brown, FAMU Parent, Class of 2018 1:20 pm Icebreaker /Joint Discussion session 1:30 pm Breakout sessions Parents Only - Navigating your Childs Freshman as a Parent. Students Only - Incoming Freshmen Class of 2019 2:15 pm General Session Question and Answer Forum 2:30 pm Networking and Fellowship Informal session to network, exchange information and take pictures. The FAMU - NAA will host refreshments. 3:00 pm Adjourn Information & Reminders As your son/daughter prepares to enter Florida A & M University below are some things to keep in mind. The suggestions are not meant to frighten; they are reminders of things to keep in mind as you and your child make this transition. 1. FAMU is an open campus (not enclosed by a gate). Students should exercise caution and always think of safety. Become familiar with the campus and the location of the “emergency call” posts. If out at night, travel with a friend. 2. The University does not tolerate drugs, weapons, fighting or students participating in any behavior that is criminal. Students can and have been expelled for such behavior. Students should also make certain they adhere to the University’s Code of Ethics and other rules and regulations. A criminal conviction could prevent a student from getting Financial Aid. 3. Check your health insurance for coverage in Florida. The campus has a clinic; however, your son/daughter may need additional care. 4. Please watch your valuables (jewelry and other irreplaceable items) and make certain you have some place to lock and secure very valuable items (a trunk is good for this). 5. Remind your child to lock the room door when he/she leaves the room, even if just going down the hall to the bathroom. Always put valuables away, you may know your roommate, but you don’t know his/her friends. 6. It does get cold in Tallahassee and your child will need a coat. Jackets, sweatshirts will probably get you through October. Temperatures begin to change in November. After the Christmas holidays, the temperature has gone lower than 17 degrees in the past. We also suggest hats and gloves. 7. Start to check air rates in September for holiday travel. It is very expensive to fly in and out of Tallahassee. In past years, the DC Metro Club has chartered a bus for Thanksgiving travel (dropped students in DC, VA & MD). If a chartered bus is used this year it will leave Tallahassee November 24, 2015 and return November 29th. For more information on the possibility of a chartered bus to the DMV, contact Sabrina Crowder at Ms. Sabrina Crowder [[email protected]] 301/318-1123 c 8. Tallahassee has a city bus system. The bus stops on campus and students can get to/from malls, theaters and other places in the city. 9. Encourage your child to become a member of the DC Metro Club. These students are good resource people. Some have cars and some are willing to give a ride to the store, airport etc. They also may have used books or notes from a class. 10. Consider some type of personal property insurance to insure your child’s valuables. Yes, your homeowner insurance will probably cover, however, your personal homeowner’s insurance may go up every time you file a claim. One option is to purchase a separate policy through National Student Services Inc. 800/256-6774, www.nssinc.com to cover your son or daughter . 11. Some local churches may send a bus to campus every Sunday to transport students to/from their church. Some of the churches have “College Sunday” once a month and they feed college students (free). The students receive a home cooked meal and get to attend service. Bethel AME (501 Orange Ave.) use to do this. Bethel Baptist (Tennessee. Street) is another large church in the city, not very far from campus. 12. Dorm rooms are small; closet space is limited don’t try to carry everything. If you are buying a microwave or refrigerator, you may want to order on line and pick it up in Tallahassee at the local store. Remember Tallahassee is a town, not a major city. There are three major colleges/universities in Tallahassee and everyone shops at the Walmart, Target etc. Don’t wait until you get to town to make your purchases, they may be out of the items you want. 13. Consider where you will store stuff May 2015 when school ends and your child must move out of the dorm for the summer. There are storage units in town, so begin to look around when you are there this year. Consider sharing a storage unit to save money. Make certain the storage place is secure. You won’t need to move stuff during Christmas holidays and the University has security on the campus when students are on break. However, I suggest valuable items, such as the laptop, should be locked away in the trunk if they don’t bring them home. 14. About in-state tuition. This is a process and the student must apply for it. It is not automatically granted. Angela Peterson (850/599-3418) in the Registrar’s Office can help with this. Check the website for general information. 15. Always keep the name, date, time, and telephone number of official persons you talk with on campus (especially if a financial aid or academic decision is made about your child). This information can be very important if you need to contact that person again. Always get your answer in writing—even if you have to write back reconfirming the agreement. 16. Make certain your child is registered to vote and sign up to receive an absentee ballot. Getting an absentee ballot can be acquired on line. For Maryland go to http://elections.state.md.us/voting/index.html; VA http://www.sbe.virginia.gov/cms/Forms_Publications/ Index.html DC http://www.dcboee.org/serv/absentee_voting.shtm If you want your child to register to vote in FL, http://www.co.leon.fl.us/elect/Index.asp?page=Voting%20and%20Registration/VoterRegistration.asp 17. Make certain you leave here today with the name and telephone number of at least one or two people you can call in case you need some information or help with a situation in Tallahassee or on campus. 18. Finally, remind your child to “Keep His/Her Eye on the Prize”, and that is to have a great time, but complete a 4 or 5 year degree in 4 or 5 years. Let’s not make this a “life long” learning experience. Students must take and successfully pass 15 credit hours per semester in order to graduate in 4 years. FAMU National Alumni Association | Washington DC Alumni Chapter | Artie Polk, President After You Leave Your Child in Tallahassee Once you drop your son/daughter off at school, it will take you about a week (maybe two) to get over missing him/her; they get over missing you in a couple of days, if not a few hours. Consider joining the DC Alumni Chapter, we do lots of fun things. Some of the things we do or have done are: 1. Travel to games and other sporting events when FAMU is in the area. We also feed the athletic teams (track, basketball, swim etc.) when they are in the area so they’ll get at least one home cooked meal while they are on the road. 2. Travel to plays, sporting events (Wizards games) other cultural events in the DC area. 3. Hold an annual Scholarship Gala to raise funds to support the scholarship and books awards given each year. 4. We always need volunteers to host an event; help with preparing food or donate items for an event. If you have ideas for a fundraising event, please let us know. 5. Make certain we have you name, telephone and e-mail address so we can keep you posted of upcoming events. DC Alumni Chapter web address: http://www.dcfamualumni.org/ Courtesy of Alean Miller, Chaplain, Parent Liaison Washington DC Alumni Chapter Contacts FAMU NAA, Washington DC Chapter P.O. Box 90306 – Washington, DC 20090-0306 www.dcfamualumni.org facebook.com/dcfamualumni twitter.com/dcfamualumni instagram.com/dcfamualumni 240-803-3268 - Chapter Voicemail [email protected] - Chapter Email address Dr. Artie Polk - President [email protected] Dr. Stephen Roberson - Vice President [email protected] Mrs. Alean Miller, Chaplain, Parent Liaison [email protected] Reclassification of Residency for Tuition Purposes General Information A student applying to Florida A&M University must complete a residency form or affidavit in order to declare Florida residency for tuition purposes. An initial determination of in-state or out-of-state residency status is made by the Admissions Office for tuition purposes. This status determination remains in effect until an application for reclassification is submitted by the student to the Registrar’s Office and is approved. Who Qualifies? To qualify as a Florida resident for tuition purposes, the student (dependent or independent) must be a 1. U.S. Citizen, or 2. Permanent resident alien or a legal alien granted indefinite stay by U.S. Citizenship and Immigration Services (USCIS) (This is the government agency that oversees lawful immigration to the United States) and 3. Person who established physical and legal residence in Florida for at least one year. “Evidence of legal residence and its duration shall include clear and convincing documentation that residency in this state was for a minimum of 12 consecutive months prior to a student’s initial enrollment in an institution of higher education (F. S. 1009.21). Students who do not meet this requirement cannot be classified as residents for tuition purposes. Determination of Status - Independent or Dependent An independent student will be required to submit his or her own documentation of residency while a dependent student will be required to submit his or her parent’s, spouse’s, or legal guardian’s documentation of residency. Independent Student A person who meets any one of the following criteria shall be classified as an independent student for the determination of residency for tuition purposes: The student is 24 years of age or older by the first day of classes of the term for which residency status is sought at a Florida institution. The student is married. The student has children who receive more than half of their support from the student. The student has other dependents who live with and receive more than half of their support from the student. The student is a veteran of the United States Armed Forces or is currently serving on active duty in the United States Armed Forces for purposes other than training. Both of the student’s parents are deceased or the student is or was (until age 18) a ward/dependent of the court or in foster care. The student is working on a master’s or doctoral degree during the term for which residency status is sought at a Florida institution The student is classified as an independent student by the Financial Aid Office. The student is homeless as determined by the student’s high school or school district liaison. The student is a foster care/ward of the court as determined by a court in the student’s state of legal residence. Student submits documentation that he or she provides fifty (50) percent or more of the cost of attendance as defined by the financial aid office (federal, state, and institutional aid or scholarships are not included) for independent, in-state students. Clear and convincing evidence must be submitted to Florida A&M University. Dependent Student All other students who do not meet the above definition of an independent student shall be classified as dependent students for determination of residency for tuition purposes. Residency Documentation Documentation establishing legal residence in Florida by one of two means (must be dated at least one year prior to the first day of classes of the semester for which resident status is sought) Proof of purchase of a permanent home in Florida in which the student has resided for at least one year prior to the first day of classes Proof that the student has maintained residence in Florida for the preceding year (e.g., rent receipts, canceled checks or notarized statement from a landlord); AND Establishment of Domicile Documentation establishing bona fide domicile in Florida which is not temporary or merely incidental to enrollment in a Florida institution of higher education must be dated at least one year prior to the first day of classes of the semester for which resident status is sought. The following documents will be considered evidence of domicile; Note: No single criteria will be considered as conclusive evidence of domicile: Florida voter’s registration card. Florida driver’s license. State of Florida identification card. Florida vehicle registration. Proof of a permanent home in Florida which is occupied as a primary residence by the individual or by the individual’s parent if the individual is a dependent child. Proof of a homestead exemption in Florida. Transcripts from a Florida high school for multiple years if the Florida high school diploma or GED was earned within the last 12 months. Proof of permanent full-time employment in Florida for at least 30 hours per week for a 12-month period. No Contradicting Evidence Students should not have conflicting evidence establishing or maintaining residence elsewhere. Exception Categories for Temporary Florida Residency Applicants who do not meet the 12-month requirement may qualify for temporary in-state status by qualifying under an exception category Members of the U.S. Armed Forces on active duty stationed in Florida and their spouse and dependents or military personnel not stationed in Florida whose home of record or state of legal residence certificate DD Form 2058 is Florida. (Present a copy of DD 2058, military orders, military identification, and leave & earning statement.) Reclassification of Residency for Tuition Purposes (cont.) Married to a legal Florida resident and intend to make Florida a permanent home. (Present a copy of your marriage license and applicable documents for Florida spouse.) Full-time instructional or administrative employees of Florida public schools, community colleges, or institutions of higher education or their spouse and dependents (Present official letter from appropriate personnel from institution of employment and proof of relationship.) Part of the Latin American/Caribbean Scholarship Program. Receive a scholarship from the U.S. Government (federal) or Florida state government. The student must attend, on a full-time basis, a Florida institution of higher education. (Offer letter and Student Award Notification.) Qualified beneficiary under the terms of the Florida Pre-Paid College Program. (Present a copy of the current Florida Prepaid recipient card.) Full-time employee of a state agency or political subdivision of the state whose student fees are paid by the state agency or political subdivision for the purpose of job-related law enforcement or corrections training. Southern Regional Education Board's Academic Common Market graduate student. (Certification letter from State Coordinator required) McKnight Doctoral Fellows and Finalists who are United States citizens. United States citizens living outside the United States who are teaching at a Department of Defense Dependent School or in an American International School and who enroll in a graduate level education program which leads to a Florida teaching certificate. Active duty members of the Canadian military residing or stationed in this state under the North American Air Defense (NORAD) agreement, and their spouses and dependent children, attending a Florida College System institution or state university within 50 miles of the military establishment where they are stationed. Active duty members of a foreign nation’s military who are serving as liaison officers and are residing or stationed in this state, and their spouses and dependent children, attending a Florida College System institution or state university within 50 miles of the military establishment where the foreign liaison officer is stationed. Change of Residency Status A person who is classified as a nonresident for tuition purposes may become eligible for reclassification as a resident for tuition purposes if that person or, if that person is a dependent child, his or her parent presents clear and convincing documentation that supports permanent legal residency in this state for at least 12 consecutive months rather than temporary residency for the purpose of pursuing an education. Such documentation may include but not limited to evidence of full-time permanent employment for the prior 12 months or the purchase of a home in this state and residence therein for the prior 12 months while not enrolled in an institution of higher education. For more details please access the Florida Statutes website at http://www.flsenate.gov/Laws/ Statutes/2010/1009.21 Procedures Students must submit completed application no later than the published last day to be considered for in-state status for that semester or session. Please see the university academic calendar for specific dates. Step 1: To apply for reclassification you must have attended Florida A&M University for at least one semester. You may apply during your first semester if an error/omission was made in the initial determination. Step 2: Download and complete the RESIDENCY RECLASSIFICATION FOR TUITION PURPOSES FORM. This form will be submitted to the Registrar’s office with your supporting documentations. Step 3: Obtain all supporting documentation: No single document will be considered as conclusive Florida voter’s registration card. Florida driver’s license. State of Florida identification card. Florida vehicle registration. Proof of a permanent home in Florida which is occupied as a primary residence by the individual or by the individual’s parent if the individual is a dependent child. Proof of a homestead exemption in Florida. Transcripts from a Florida high school for multiple years if the Florida high school diploma or GED was earned within the last 12 months. Proof of permanent full-time employment in Florida for at least 30 hours per week for a 12-month period. Supporting documents for temporary in-state status by qualifying under an exception category include Present a copy of DD 2058, military orders, military identification, and leave & earning statement. Married to a Legal Florida resident and intend to make Florida a permanent home. (Present a copy of your marriage license and applicable documents for Florida spouse.) Official letter from appropriate personnel from institution of employment and proof of relationship for Fulltime instructional or administrative employees of Florida public schools, community colleges, or institutions of higher education or their spouse and dependents Offer letter for part of the Latin American/Caribbean Scholarship Program. The student must attend, on a full-time basis, a Florida institution of higher education. A current copy of the Florida Prepaid recipient card for qualified beneficiary under the terms of the Florida Pre-Paid College Program. Official letter from appropriate personnel for Full-time employee of a state agency or political subdivision of the state whose student fees are paid by the state agency or political subdivision for the purpose of job-related law enforcement or corrections training. Certification letter from State Coordinator required for Southern Regional Education Board's Academic Common Market graduate student. Offer letter for McKnight Doctoral Fellows and Finalists who are United States citizens. Official letter from appropriate personnel for United States citizens living outside the United States who are Reclassification of Residency for Tuition Purposes (cont.) teaching at a Department of Defense Dependent School or in an American International School and who enroll in a graduate level education program which leads to a Florida teaching certificate. Official letter from appropriate personnel for Active duty members of the Canadian military residing or stationed in this state under the North American Air Defense (NORAD) agreement, and their spouses and dependent children, attending a Florida College System institution or state university within 50 miles of the military establishment where they are stationed. Official letter from appropriate personnel for Active duty members of a foreign nation’s military who are serving as liaison officers and are residing or stationed in this state, and their spouses and dependent children, attending a Florida College System institution or state university within 50 miles of the military establishment where the foreign liaison officer is stationed. Step 4: Submit the completed and signed form to Residency Staff (Room 103 FHAC) or scan and email to [email protected] (original documents may be requested for review) Your submission will be reviewed by the Residency Staff, and you will be notified of your determined eligibility. FLORIDA A&M GUIDELINES FOR SATISFACTORY ACADEMIC PROGRESS The Higher Education Act of 1965 as amended and final regulations set by the United States Department of Education require that institutions of higher education establish reasonable standards of satisfactory academic progress as a condition of continuing eligibility for federal aid programs. Satisfactory Academic Progress (SAP) is a measure of whether a student is progressing adequately toward completion of his or her course of study. It is determined in terms of grade point average and course completions. The SAP policy standards shall be the same as or stricter than the institution's academic standards for a student enrolled in the same educational program who is not receiving financial aid. The qualitative and quantitative standards contained in the institution's policy shall be cumulative and include all periods of enrollment, whether or not a student received financial aid. Frequency of Monitoring and Evaluation Florida A&M University will review a student’s academic progress at the end of the spring semester of each academic year. For this purpose, Florida A&M University’s academic year is defined as a 30-week course of study occurring between August and May. If students are cited for not maintaining SAP, they may appeal to receive financial aid for the subsequent semester. policy and procedures To remain eligible for financial assistance students must: 1. Complete at least 67 percent all of attempted courses each year, which will ensure graduation within the maximum timeframe; 2. Complete developmental and incomplete courses in a timely manner; 3. Graduate within the maximum timeframe (150 percent) specific to their degree programs; 4. Maintain good academic standing. Satisfactory Academic Progress is based on three components: 1. Qualitative Progress (grade point average) 2. Quantitative Progress (hours earned) 3. Maximum Time Frame for Degree Completion Qualitative and Quantitative Progress Attempted hours are defined as the hours for which the student is enrolled and charged. Grades A, B, C, D, P and S shall be considered as credits earned. Grades E, I, F, PN, U, W, WF, NR, or X count as attempted hours for the purpose of determining SAP. Failing grades (F and WF) are included in the GPA calculation. Withdrawing from courses at any point after the drop/add period will negatively affect the students completion rate. Withdrawals (W) are not used in the GPA calculations. Incomplete grades (I) are not factored in to the GPA until a letter grade is recorded. Grade changes will be recognized when they occur. Non-credit courses, incomplete courses, and courses from which a student have withdrawn after drop and add periods are also included as semester hours attempted. Qualitative progress (Grade Point Average) Florida A&M University uses a graduated qualitative standard. Federal student aid recipients must have earned the following minimum cumulative retention/graduation grade point average. Junior/The law specifies that at the end of the second academic year (regardless of how many credits the student has accrued) the student must have a 2.0 cumulative GPA average or its equivalent or have an academic standing consistent with the requirement for graduation from the program. Quantitative Progress A student (full time or part time) must successfully complete a minimum of 67 percent of the cumulative credit hours attempted during the academic year. MAXIMUM TIMEFRAME All undergraduate and graduate students are expected to finish their program within a maximum time frame, which cannot exceed 150% of the published length of their program. All attempted credit hours are considered toward the maximum time calculation, regardless of whether or not financial aid is received. Once a student reaches the maximum timeframe, he or she is ineligible for financial aid. The SAP Appeals Committee may reevaluate the timeframe limit if there are program changes. Some academic areas require more than 120 hours for graduation. For those academic areas, the maximum timeframe to complete the degree will be the specific program hours required multiplied by 150 percent. Transfer credits · All hours attempted at Florida A&M University plus attempted hours from other post-secondary institutions, that count towards the degree, are included in the maximum time frame of 180 hours to complete the first undergraduate degree. · Transfer students must meet the same satisfactory academic progress requirements and maximum enrollment limits as other students. Repeated Courses and Academic Forgiveness in Maintaining Satisfactory Academic Progress Repeated courses for which a passing grade has already been earned will not be considered in the determination of satisfactory progress as those hours have already been applied. Notification of Financial Aid Probation or Termination The Office of Student Financial Aid will send a letter to any student who is put on financial aid probation or a termination letter to any student who is no longer eligible for financial aid. It is the responsibility of the student to maintain current addresses with the Office of the Registrar. Students on Academic Probation are notified by the University of their standing. The financial aid office does not send notification of Academic Probation. Appeal of financial aid suspension Students who fail to meet the Satisfactory Academic Progress standards may appeal the suspension of their student financial assistance funds to the Satisfactory Academic Progress Appeals Committee. Letters of appeal should be based on some type of mitigating circumstances that impacted negatively upon the student’s ability to meet the required standards. These circumstances must be documented and should pertain to all terms that contributed to the failure to maintain Satisfactory Academic Progress. Failure to submit documentation and follow instructions will result in a delay in the decision of your appeal. All appeals and relevant documentation are kept in the student’s file. Extenuating circumstances that will be considered in an appeal include, but are not limited to, the following: Circumstance(s) that Apply Required Documentation (must include dates) Severe illness, medical condition or injury Signed and dated letter from physician on office letterhead; legible copy of accident report Death of a family member Death certificate and/or dated obituary from newspaper Traumatic life-altering event such as fire, hurricane, etc. Evidence of event such as insurance claim or FEMA application Military Assignment or reassignment A Statement of Service signed by, or by direction of, the adjutant, personnel officer, or commander of your unit or higher headquarters which shows your date of entry on your current active duty period and the duration of time. Other circumstance beyond the control of the student (Must explain in detail the nature and dates of the unexpected circumstance) Appropriate documentation which will verify situation A student’s appeal must explain the circumstances that prevented him/her from making SAP and the reasons for the basis of this appeal. The student must address the following: 1. What was the problem? 2. When did the problem occur? 3. How long did the problem last? 4. How did this affect his/her ability to complete coursework? 5. The steps taken to ensure that the minimum standards will be met at the next evaluation. Extenuating circumstances that will not be considered in an appeal include, but are not limited to, the following: · Complaint about instructor/course/staff/University policy. · Failure to study/immaturity. · Childcare and/or transportation problems (ex. losing driver’s license due to excessive tickets). · Failure to read, understand, and follow published Financial Aid and University policy. Students who cannot meet the above requirements for an appeal must reestablish Satisfactory Academic Progress through Reinstatement before regaining eligibility for assistance. SAP APPEAL LIMITS The Satisfactory Academic Progress Appeals Committee may grant or deny any SAP appeal. The maximum number of appeals any student may normally have granted during the total of all their enrollment periods at FAMU is two (2). Under extreme circumstances, a third appeal may be granted, provided that the student has documented proof of the circumstances. In the case of a student who files a third appeal, the reasons for the students' two previous appeals will be considered when making a decision. The student’s progress within their academic program will be a determining factor on the rare occasion when a third appeal is allowed. June 5 Fall Semester July 1 Spring Semester January 15 reestablishing eligibility for federal student aid Reinstatement of Academic Standards Any student whose eligibility for financial aid consideration has been terminated due to unsatisfactory academic progress may reestablish eligibility once all satisfactory academic progress standards are met. Students cannot re-establish academic standards if they have exceeded the maximum timeframe to complete their degree. This work may be at FAMU or another institution or a combi- nation thereof as long as the courses completed will apply toward the student’s degree. PROBATIONARY STATUS A student who has successfully appealed shall be placed on financial aid probation for one evaluation period. If at the end of the next evaluation period, a student on financial aid probation status: 1. Has met the institution's cumulative grade point average and completion percentage standards, the student shall be returned to good standing. 2. Has NOT met the institution's cumulative grade point average and completion percentage standards but has met the conditions specified in his/her academic plan, the student shall retain his/her financial aid eligibility under a continued probationary status for one subsequent semester. 3. Has NOT met the institution's cumulative grade point average and completion percentage standards and has also not met the conditions specified in his/her academic plan, the student's financial aid shall be suspended immediately upon completion of the evaluation. REINSTATEMENT Students who have been suspended from financial aid (including those who have lost financial aid eligibility due to academic suspension) may seek reinstatement by achieving, without the benefit of the aid from which they have been suspended, both the cumulative 67 percent completion rate and cumulative 2.00 GPA required. Reinstatement may be requested for the term after this occurs. Student with grade changes, after notifying Student Financial Aid of the grade change, including grades posted for incomplete courses, may regain eligibility should these changes result in satisfactory progress. Students requesting evaluation of grade changes or reinstatement must complete the SAP Financial Aid Reinstatement Form; the office cannot automatically evaluate the progress of students who have met the reinstatement conditions or have had grade changes. A student paying for tuition and fees through alternative funding not related to financial aid funds or sitting out for an academic term will not restore a student’s satisfactory academic progress standing. Neither is sufficient to re-establish eligibility for financial aid funds. The Students Guide to How to Budget Financial literacy begins with budgeting and it can be a lot easier to budget when you have money to budget with. Take these simple steps: Step 1 - Review your finances. Money Comes In Paycheck; Family and friends; Savings; and other income (child support, etc.) Money Goes Out Rent/mortgage; Food; Utilities; Clothing; Transportation; Insurance; Student Loan payments; other debts and expenses; and Savings Step 2 – My Needs vs. Wants. Needs Food; Clothing; Shelter (home); Medical/dental visits; Medicine Wants Computer, internet, Cell phone/smart phone; Cable; Movies and entertainment; Car; and Pets Step 3 – Why do you spend money and how to save. Financial Behavior Budgeting Strategy Impulse buying Put yourself on an allowance (Budget!) Buying name-brand Buy generic or previously owned Not knowing where money goes Keep track of how much you spend Paycheck spent before you pay Use direct deposit to save your bills Step 4 – Create a budget that works for you. Creating your budget is nothing more than simple math. Deduct your expenses (needs) from your income and you will know how much you have left to spend on your "wants" (spending money). Monthly income – 30% of monthly income (for taxes and other deductions) – Monthly expenses (including savings) . = Spending money ONE OF THE … …Best Colleges in the Southeast The Princeton Review 2012 Ranking ---Best Public Historically Black Universities 2012 U.S. News and World Report ...Top Green Colleges in America The Princeton Review 2011 Ranking off 311 Green College AND… …Among Florida’s and the Nation’s Most Affordable Universities 2013 The College Database DISCOVER WHAT YOU CAN BECOME www.DISCOVERFAMU.com