RLA educational series gives financial advice to students

CSC students had the opportunity to receive financial guidance during “Bankrolling” Monday night at The Hub.
Brooks and Eagle Ridge Resident Director Kale Lytle gave his presentation over achieving “SMART” goals and steps to get out of debt as part of the fall RLA educational series.
Students made a general goal, then went through five SMART steps—specific, measurable, achievable, relevant, and time-bound—to fine-tune their goal.
Lytle based his guidance off of radio talk-show host Dave Ramsey’s advice, and showed two of his YouTube videos.
Next Lytle went through Ramsey’s “Seven Baby Steps” to get your debt under control. His plan began with making a starter emergency fund, using his envelope budget system, and paying off debts smallest to largest.
Ramsey suggests that you label envelopes with all the different expenses you have in a month and put cash in each envelope. Once the cash you allotted for that expense is gone you cannot spend any more on it, unless you take from one of the other envelopes.
Fourteen students signed in to put their name in the drawing for a Smart TV that will be announced in October after the educational series is over. Four of the 14 stayed to participate in the event.
Lytle used a $40 budget to buy three prizes. Two of the students received Dave Ramsey’s book “The Total Money Makeover,” and one student won an envelope budget starter pack.