Dave Peterka Speaks to STRIVE about Money
Posted by Tad Shaw
Dave Peterka was the presenter at the March 11th STRIVE Meeting. Dave spoke about the importance of knowing the basics about financial matters and how the students can apply these practices to their own finances.
Peterka pointed out five areas of financial management with the STRIVE students. He started with Budgeting and noted that this is the first and most important step as a teen and as an adult. Saving was his second point and he said "Saving needs to be a priority in your life! Dave moved quickly into Good and Bad Debt and talked about credit cards and how to manage them. With a smile he said "Don't make any major purchase that is not budgeted for" and "Impulse buying is bad if not planned for." He went on to discuss credit cards in more depth and protecting one's credit. He stressed the importance of saving some of their earings and the "power of compounding" and what it could mean in their life as "yesterdays interest becomes today's principal"
In closing he gave these financial hints: 1. Control your money and check your accounts daily. 2. Establish a budget and stick with it! 3. Don't use credit as a teen. 4. Save a little. 5. Read Money and Business in the Sunday paper weekly.
Pictured with Dave Peterka is Malory Walton. Malory took notes during his presentation on finances and said "I learned a lot!". (Story by Steve Frazier)
Peterka pointed out five areas of financial management with the STRIVE students. He started with Budgeting and noted that this is the first and most important step as a teen and as an adult. Saving was his second point and he said "Saving needs to be a priority in your life! Dave moved quickly into Good and Bad Debt and talked about credit cards and how to manage them. With a smile he said "Don't make any major purchase that is not budgeted for" and "Impulse buying is bad if not planned for." He went on to discuss credit cards in more depth and protecting one's credit. He stressed the importance of saving some of their earings and the "power of compounding" and what it could mean in their life as "yesterdays interest becomes today's principal"
In closing he gave these financial hints: 1. Control your money and check your accounts daily. 2. Establish a budget and stick with it! 3. Don't use credit as a teen. 4. Save a little. 5. Read Money and Business in the Sunday paper weekly.
Pictured with Dave Peterka is Malory Walton. Malory took notes during his presentation on finances and said "I learned a lot!". (Story by Steve Frazier)