Monday, November 30, 2009
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About Me
- Mr. Turton
- ACHS Teacher of Business & Technology (2002 - present). Adjunct Faculty in ECC's Engineering Science and Information Systems Dept. (2004 - present) Mngr and Mfg Engineer at Trico Products Corp. (1999 - 2002) Quality and Mfg Engineer at Curtis Screw Co. (1996-1998) Technical Writer at Fezer in Brazil (1996) Education UB-M.Eng.-Ind. Engring UB-B.S.- Ind. Engring Buffalo State - Cert. in Technology, Business, & Math Education RIT - Engineering Courses
One thing I learned from watching "Empowering Young Adults to Get Their Money Right" was to stay on top of payments and to not open too many credit cards. I have seen first hand what happens when you lose track of payments and become caught up in bank and late fees and the result is not good at all. Also, if you have too many credit cards, you are more likely to have a lot more debt than if you just had one card for emergencies.
ReplyDeleteThe video "Empowering Young Adults to Get Their Money Right" gave me some very useful information about how to deal with money during college. The most important thing to do when dealing with money is to stay on top of your payments and do not open too many credit cards. Having too many credit cards open can cause you to overwhelm yourself and spend more that you can handle. Also having too many credit cards open can lead to a lot more debt than if you just had one credit card open. Paying off credit cards on time is so important so that you dont become overwhelmed with debt and you keep good credit.
ReplyDeleteSomething I learned out of watching Empowering Young Adults to get their Money Right was to set priorities when spending money. This means that bills that need to be paid like a mortage payment, a car bill or something as simple as owing somebody money needs to be taken care of first before any other spending.If priorities are set, then more money will be saved and more organization will be created. There is probably nothing worse than falling behind on any kind of bills.
ReplyDeleteActually to be honest the video of "Empowerment" scared me. It retold me things that everyone's been telling me since I received my first paycheck, but seeing the real stories kind of made it stick a little better. I think the most valuable info. I took from the video was that it's never too early to start early or young. I want to be able to retire someday, so I should start saving now. I also want to maintain a good credit score then I have to start now, keep my fiances low and keeping up on all of my payments. We all have always been told to pick our needs or our wants, it's hard, but it's really important if we want to keep our heads above water.
ReplyDeleteOne thing that I learned from watching the video is how life is really going to be. There are up's and downs's, and a lot of them have to deal with money issues. One just needs to know how to work with it and spend wisely. I really want to have a good credit score. Growing up and seeing family strugle with bad credit and not being smart about credit cards, made me realize how I want my life to be.
ReplyDeleteDon't spend money you don't have. Credit cards are great to have in times when cash isn't. However, kids need to remember their limits. I am a stickler with my money, and I always have been. If I don't absolutely need something, then there is no sense buying it. The occassional treat is all the more worth while. Good credit scores will pay off when looking for loans for college all the way up to buying a house. Keeping good credit will make it all much easier. Be aware that markets are trying to sell you stuff that you donn't need. Saving money is the only way to make sure that life in the future is possible. Spending spending spending only makes life that much harder. It is a scary economic world out there, unless you ease the tensions by being responsible with ther money. Look at the future to take note of what money you will need for what. There might not be anything left over to spend on leisurely things, but at least you can keep meet on the table.
ReplyDeleteWatching the video, "Your Life, Your Money," has been a great video to follow up on the basics we learned in Economics. The main thing in which was emphasize was the importance of Credit Cards. In our social life, Credit Cards have become the norm. The trick with Credit Cards for young people is to remember your limits. You shouldn't go out on a shopping spree or buy what you can afford, but use it for like small items like gas or food. Because at the end of the month instead of just paying the minimum payment, you can pay off the total balance and prevent the interest to pile up. In addition, to keep your credit in good standing is very important in the future, especially when you want to buy a new home, car, or even want to take out a loan. But in society today, most people do not follow this idea and only make the minimum payment on multiple credit cards. Because of this, most people do not get out of debt and will be paying off their credit cards.
ReplyDeleteI really enjoyed watching this video. Some of these things i already knew, but to find out how many people are in bad debt really scared me. I am going into a private college next year and i am going to have major loans to pay off. This video helped me learn how to control my time and money by setting a plan/goal time line for myself so that i can pay off my loans overtime. Another thing i learned is not to always use my credit card. Yes somethimes they do come in handy but if you are not carefyul you can end up in alot of debt. Another thing i want to start now is to write out a spread sheet of my money income vs. outcome to see what kind of money i really have to spend on the little things.
ReplyDeleteI really enjoyed watching, "Your Life Your Money". I learned a lot from watching this video. I already knew a lot that was on this video because I have had a job since I was 15 and growing up watching my family have financial issues I always wanted to be that responsible person. I have a bank account and think I do pretty good at budgeting my money. I have bills to pay and I know that those are first. I do buy some things that I know I don't need and I usually regret it, but I am still young and have a lot to learn. I learned that there are a lot of people in debt, more than I thought. I also learned that finding a bank isn't always going to the one that is closest to you, but to the one that has the most benefits for you. I also learned that it is easy to go into debt, but you need to pay attention to your spending and know your wants from your needs. Also I learned that learning how to budget and stuff with your money is best at a young age and I definitely agree. I believe that the younger you are the easier it is to learn how to budget your money, and it will stick with you as you get older. I think the older the are the less likely you are to learn how to budget your money and stick with it, you want to spend your money your way. Also I learned that using are bank card or credit card isn't always best because if you don't keep track of the money in there you can over draw and you are charged for that and it is easy to go into debt.
ReplyDeleteAlthough I already knew a lot that was on this video, it was very informal and I really liked it. It is definitely something I think that everyone needs to watch and can grow from. An amazing video!
One thing I learned from this video is that you should use credit cards wise. For instance, my parents always make sure to pay their credit cards each month in full. That's what I do currently. I also learned that saving is one of the best things to do. I saved money for my car and paid it in full. I always pay all of my debts in full to make sure I have no debts outstanding. This video really reinforced the way I use my money.
ReplyDeleteDylan Phelps
ReplyDeleteI learned many things on how to manage your money. I learned that it actually is not that difficult to stay on track. One key example to stay on track on your money is to stay disiplined with your money. Do not spend money on unnecessary intems but instead save money for an unexpected expense. The video also told me to start young with saving your money. A key thing to learn is to not spend money that you do not have. Credit cards can be very dangerous because you have to remember your purchases. If you do not pay back your credit cards you go into debt and have bad credit and it all goes down hill from there. Lastly, have a budget and always remember to put money into the bank rather than spending it on useless items.
One of the different things that I have learned is that you need to choose a bank that is right for you. You should find a bank that has a high interest rate. Another thing to look for in this bank is that they have a lot of ATM machines in your area. This is because many banks will charge you for using other banks ATM machines. Also, you should try to only use your ATM card once a week. By choosing the right bank, you will make yourself happy by having a bank that caters to your specific needs. Just make sure that you don't go into debt.
ReplyDeleteIn the video it has shown the downfall of a majority of Americans society.
ReplyDeleteThe over use of credit cards leads to debt. Keep fewer and pay them off as fast as possible
Hearing and applying are two different things. Public speakers and that try and reinforce ideas in us but we ignore till we get into trouble
Budget yourself! Keep track. My own personal idea would be to use excel your other online system to show you how much you making and how you can distribute and invest or save over time.
one thing i learned from this film is how to manage your money in a smart way. the film talks about after getting your first pay check from your first job young people tend to go out and just blow all their money. it is okay to spend your money in a sense of rewarding yourself for having your first job. you people tend to spend their money on things they want and not items they need. it is smart to start saving your items for expensive things that you need in life and not things you want. another thing i learned is being aware of the dangers of credit cards. although they do sometimes make things easier they can be dangerous if you dont know how to spend your money. you can use credit cards because it does make it easier to track what you spend but remember to be cautious when dealing with one. lastly when making money be sure to save it by putting it in banks and not keeping it for your self. this allows you to not be able to spend it on items that are not necessary.
ReplyDeleteI checked comments up to here.
ReplyDeleteI watched a video called "Saving Money in Plain English" on schooltube.
ReplyDeletehttp://www.schooltube.com/video/d3440c9b7676462e9e61/Saving%20Money%20in%20Plain%20English
While this video may not have explained things to buy/not buy, it really highlighted the importance of saving money in a bank. In doing so, compound interest can grow your money significantly. The trick which it really pushes is adding money to your account whenever you can as it makes the interest grow faster. They used a great example of a girl with 3% interest who starts with $5000. She adds $1200/year ($120/month) for 20 years and ends up with $29000. While this is great in itself, her interest over this time ends up growing that amount to $42000. To me, this is just as important as knowing about credit cards and such as it is something that allows people to save up for houses and the like.
I evaluated the comments up to this point.
ReplyDeleteDonald Faison puts forward how important it is for you to know what your financial goals are and spending and saving money wisely. He stresses not to spend money on the non essentials in life and to put a greater value on the essential things in life. Fiscal responsibility is of utmost importance for now and especially for the future. It is imperative that sensible financial action and planning start while one is young.
ReplyDeleteThis film does an excellent job at giving examples and give good pointers on how to manage your money successfully.
ReplyDeleteIn order to reduce the amount of debt you have, you need to live within your means. Also, you need to make smart financial choices and not sweat the small stuff. People that can distinguish the difference between needs and wants will live a better quality of life. Other pointers include staying away from credit cards because they can be trap and paying off student loans early. Overall this film taught me that smart choices will lead to a successful future.
Money management is the most important topic and issue that is going on. And this is especially important right now for myself and all the other seniors graduating. I gurantee if you were to take a poll majority of the seniors graduated don't know a whole lot about money and money management and are very concerned or nervous about what the future holds for them. I envy Russell Simmons for putting together these seminars and trying his best to help the youth. But the time is now to start learning about this stuff and I as well as others need to be aware and prepare ourselves as best we can for the future.
ReplyDeleteThis video has made many good points about managing your money. One main thing was that you need to have a financial goal. Keep your money in line and know what you want. So we stay away from being in debt, ask for help. The people who help you manage will keep a good relationship with their clients to help them stay on track. This is why it is important to have a plan before things could get financially ugly.
ReplyDeleteThis video gave me some very helpful information about how to deal with money during college. Money in college causes a lot of stress for students. The most important thing to do when it comes to money is to stay on top of payments and don’t open too many credit cards. Having too many credit cards can cause a lot of unneeded stress. It is important that you don’t spend more than you can handle. Debt is one of the worst things and credit cards will severely hurt you if they’re not used for the right things. Paying off credit cards on time is very important so that you don’t get overwhelmed with your debt and you can keep good credit.
ReplyDeleteAs I watching Your Life, Your Money it made me realize about the future. I know that I am a spend no matter how hard I try to save money. I was able to realize that in order to get by in my college life , is to save. Right now I am trying to save up for a car witch is becoming difficult.Prom , licence,and graduation are coming up very fast. I only work about 12 hours a week. With putting money in the savings then paying some of cell phone bill . I have barely no money left over. This video as helped me that if don't learn to save now. I will become in debt the rest of my life.
ReplyDeleteSaving money is a lost practice in society today especially among our generation. Having a financial plan and goals will help you to make a lifetime of success.Figure out your values, take responsibility and start planning now. Debt is a hell unlike any other, now is the time to make sure you never end up there.
ReplyDeleteDonald Faison's experience with his own money serves as an example to my own future spending habits. He had his first big break, bought the dream car, and then couldn't afford the payments! Splurging is dangerous. You have to be wise from the minute you get that paycheck. Save and invest some income at a time in order to be able to fall back on something. I learned that saving whenever possible along with smart financial choices is not just wise but vital. You don't want to get trapped in a downward cycle of debt.
ReplyDelete- Allison Samsel
I chose to look for my own video and the one I found was actually very informational and beneficial to my near future. One thing that it made me realize was that though at times it may be financially difficult, it is never too early to begin saving for the future. There are always unforeseen circumstances that will come up in life that you need to be prepared for. The earlier that you choose to begin saving the more money you will have in the long run. This is of course pending that the money is not used unless it is an absolute emergency. Death and wills are things that everyone hopes they will not have to encounter for many years but being prepared for it is always a good idea so that you are not leaving your loved ones with too many financial burdens.
ReplyDeletehttps://www.youtube.com/watch?v=BtbfbuFkuE8
Courtney cybulski
This video was a very good video to watch and other to most other people should watch it because they it teaches you about your money and what you should do with it. Like not go into debt and save all your money and only have some to buy things you want save some for expenses so you can pay them off and put some away for retirement. Retirement money is the best thing to save for because the more you have the less you'll have to work when you get older. This is what that video taught me.
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ReplyDeleteOne thing I have learned from this video is how to manage your money in a smart way. The video talks about how you get your first paycheck from your first job and people will spend the money. Yes, it is okay to spend your money on things that you need but not on things that you want. You are better off saving your money than spending it, you will want to save for your expenses in life. Another things to watch out for is credit cards they may be able to boost up your credit score but it can also lower it. If you have one make sure that you track the money that you spent and pay it off. When getting your paycheck make sure to put some of it into your savings account and to keep track of it. I know that whenever I get paid I keep track of it in my checking book and I write down all of my expenses. I also make sure to put the money from my last paycheck into my savings because if it didn’t use it when I had that money I won’t use it when I get more.
One thing I learned from watching "Empowering Young Adults to Get Their Money Right" was to manage your money my always making smart choices with your payments and staying away from credit cards. They discuss about when you get your first paycheck and how you should save that money for things you need and not spend it on what you want. With credit cards the video explains how you should be weary of credit cards and that you must keep track of the money you spend on it and to put a cap on how much you spend with the credit card. For my personal experience I think credit cards are evil and will probably only have those prepaid debt cards. As for paychecks I've only receive two and majority of the money has gone towards things involving my school activities or food for the house.
ReplyDeleteAfter watching this video you learn that managing your money is very important. They talk about the uses of a credit card and the dangers that come with. The speaker talks about how when he was younger he was in a lot of debt and had to work his through his youth to get out of debt. They talk about staying on top of your credit card payments and steer clear from opening too many credit cards at once. When you do have a credit card make sure to pay if off right away, if you don't it can lower your credit score and interest will accumulate on the amount due as it goes after past due. In the video they also talked about saving your money. Making sure not to spend all your pay check on thing that you just want. Only try and spend your money on things you need and save the rest for future expenses. Even before viewing this video I put most my lifeguarding paychecks into my savings and only kept some out to pay to put gas in my car.
ReplyDeleteAfter watching this video I have learned that most people are going to want to spend their money after receiving their first paycheck. It is wise, however, to save this money and to not go out and spend it on things I want. I should save my money for things I need instead. It is easy to go into debt, especially with all the credit card companies trying to scam college students. It is easy to be fooled with all the fine print and hidden fees. Credit cards allow us to build good credit if we use them wisely, but most of us will not and we will end up in debt. You should learn how to start effectively saving money now so you can be set later in life. I have a spending problem that I'm trying to start to fix now and I'm very appreciative that I have been taught how to manage my money now so that I won't be panicked later in life.
ReplyDeleteThe most important thing I learned from this video is to not spend all of your money right away. It's important to put some of it away for your future. It is easy to go into debt when you have a credit card so you need to be very aware payments and when they're due that way it won't mess up your credit or your future.
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ReplyDeleteAfter watching this video, I learned that it takes most people a long time to learn money management skills. One thing he says, is that "You can't earn money, if you can't manage it". I find this incredibly accurate. The minute teenagers turn 18, the majority of them apply for a credit card which is not a great idea. You're more likely to go into debt because it's hard to limit and restrict yourself when you're surrounded by luxuries. A good idea would be to open up a bank account and start saving your money as soon as possible. This improves your money management skills and sets a great foundation for your future.
ReplyDeleteIn this video I learned about how to manage my money and keep my money safe. Spending money on things that are a want instead of a need is okay but to a limit. Also managing your credit is a major thing. Most people end up in debt because they get careless. I have never been a big spender but now I now even more helpful tips to make sure I get the best with my money.
ReplyDeleteAfter watching the video, I learned that managing your money is not as simple for some people as it may sound. Saving your money is something younger people have difficulty with because they often spend their money on things they don't necessarily need as soon as they earn it. Sometimes, it's even spent before they earn it on credit. Credit can be very dangerous, especially if you don't know how to manage it correctly. It's best to refrain from getting a credit card to reduce the likelihood of going into major debt.
ReplyDeleteThis video explains how important it is to save and manage your money. I learned that spending money on wants rather than needs is allowed, as long as you do it with caution. Sometimes, it is difficult for people to save their money because they have the urge to spend it right away. I am very good at saving money and have good money management skills, but this video helped me realize that spending money on wants is good in moderation.
ReplyDeleteIn this video he explains money management. Money management can help you in many ways. He talks about how you need to be able to manage your money before you make money. Sometimes it will take steps. But when you learn how to manage your money your life will be just a little easier.
ReplyDeleteWhat I learned from this video is that credit cards are evil!! Amanda McCormick went to Florida State University, she was completely supporting herself as a creative writer/sociology major and did not have a job. She was sent a credit card with a $2,000 in the mail and activated it immediately and started spending. Over the course of 6 months she accumulated 5 credit cards, basically supporting her life on them. With not paying them off, and the interest rates, Amanda was $30,000 in debt. After listening to this I understand that consequences of using credit cards, and how you can get in big trouble real fast if you don't use them correctly. Limit you spending on credit cards and usually make sure you can pay it back at least within a months time.
ReplyDeleteIs this from Kayla?
DeleteOne thing I learned from this was that you need to spend less money than what you have already. By doin this you secure the fact that you will have more money waiting for yourself in the future. If you spend more than you have there is a good chance that you will not make it back and if you do, it will be hard to get there.
ReplyDeleteThis video taught me to manage my money and to not do what many younger people do which is go into debt. Though saving money and not going into debt is easier said than done and being tempted into buying unnecessary things is fairly easy. Buying things that are not a need but rather a want isn't always a bad thing in moderation and with self control. Credit cards are also a dangerous thing as even though they can boost your credit score which will help with loans and buying large things such as a car or house, credit cards can also hurt your credit score. Credit cards can be used as long as what is spent is tracked and paid off quickly.
ReplyDeleteOne of the tips that stood out to me most in this video was the idea of spending less than you earn. This is an idea that everyone should be taught at a young age because it is important to always have a safety net because life never goes as planned. Having extra money in case something goes wrong is never a bad idea, and being able to manage your spending and make sure you spend less than you earn will allow you to have that safety net of money stored away for the time that you need it.
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ReplyDeleteI learned from watching "Empowering Young Adults to Get Their Money Right" was to manage your money. This video talks about when you get your first paycheck and how you should save that money for things you need and not spend it on what you want. With credit cards the video explains how you should be cautious and make sure that you must keep track of the money you spend and keep your spending under control. This video gave me many life tips that will be beneficial.
I learned many lessons from this video. As far as money goes it is important to spend less than you earn. It is a crucial part in becoming successful in the future. Using credit cards can be harmful if they aren't use correctly. The can put you into extreme debt. Limiting credit cards can help you save your money and allow you to manage your money better.
ReplyDeleteThis video warns about how easy it is to go into debt as a young person. It also shows the importance of staying out of debt. Using credit cards correctly and keeping your credit score up is also very important to your finances.
ReplyDeleteWhat I learned from the video is that if your not careful without your money things can go bad fast. Although after getting the first paycheck you may feel on top of the world if you are not responsible with it you could end up in debt. You should live within your means to remain out of debt, this means spending less than you make. Another issue many people can face is credit card debt. Although credit cards can be useful if you do not stay on top of your payments you could end up in a lot of debt. The main message of the video is managing money is not always easy and you need to make sure you keep on top of your finances.
ReplyDeleteThis video mainly gives advice to young people who do not understand how to make and manage money yet. Starting a bank account is extremely important in saving money and keeping track of your funds. Credit cards are also extremely dangerous if used wrong and young people often aren't fully aware of that. If you can't manage your money, you will never be making money.
ReplyDeleteThis video proves as a warning and a lesson to young people. Watch how you spend your money, and always make sure your money makes MORE money.
ReplyDeleteYou can't make money unless you manage it is the secret, limiting credit cards can make you less in debt and less risk of getting into that. Having a bank account can save you money without not knowing where to put it. If you have a bad credit then you are in the risk of not getting loans, that's why its important to have a good one, before you loan they check your credit sore where you are at. This video explains some of these things and I learned more things about credit and how to handle your money.
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