Brad BarnettBrad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business. He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health. He has been involved in the financial aid and/or rehabilitation professions for the past 15 years. Brad, a Past President of the Virginia Association of Student Financial Aid Administrators (VASFAA), currently serves as the Senior Associate Director of Financial Aid & Scholarships for James Madison University. Immediately prior to JMU, he served as an Assistant Director of the Financial Aid Office at Virginia Commonwealth University. Brad has presented numerous sessions at state, regional, and national conferences, and has served on a variety of association committees. In addition to speaking at professional conferences, Brad has conducted an abundance of workshops and presentations in non-conference environments, including teaching a credit based financial literacy course at JMU entitled “Dollars and Sense.” Many of the topics Brad’s speaks on include communication, leadership, values, financial aid policies and procedures, financial literacy, and saving for college. He has also facilitated strategic planning and value development retreats.
Host: I ve never developed a budget before. How do I do that?
Brad Barnett: Now, the first thing is don t delay. Learn how to do a budget immediately. It's one of the keys to get into the college with as little debt as possible and in short what you really want to do it is find out what s your income, what are your expenses going to be and make sure that your expenses aren t more than your income. If you need help talk to your parents, if they have any experience, say, Mom and Dad, please sit down and help me learn how to do a budget. If they can t help you then may be your school counselor can help you, maybe your financial aid office can help you or hopefully you got a college that has some sort of financial literacy program or instructor, department and they can help you as well. You might also find that your parents use financial planner or advisor or consultant for their own personal investments, often times those guys can sit down and help you in the budget process as well. So, don t delay. Learn how to do this immediately and you will find that the college will be probably be more affordable than you think.