Presentation on theme: "Your $ - Your Life Day 5. Budget and Save Calculate your savings and record on #109 – 111: Your Salary(Day 2 - #41): 109. $ _______ X.10 = $ _______ Salary."— Presentation transcript:
Budget and Save Calculate your savings and record on #109 – 111: Your Salary(Day 2 - #41): 109. $ _______ X.10 = $ _______ Salary Savings If married, wife/husbands salary (Day 2 - #42): 110. $ _______ X.10 = $ ________ Salary Savings
Savings Simulator Calculator Go to Mrs. Kendalls webpage and click on the Savings Simulator Calculator. Use the information on each line in the chart to determine what your savings would be. Fill out the Total Amount at end of Term for each line.
Life Happens Lets see what happens when unexpected expenses – or income- come your way.
1.Using the Ups and Downs Sheet, roll two di to get a two-digit number. 2.Let the first di you roll be the first digit of a number and the second di, the second digit. 3.Find the corresponding circumstance to the two-digit number you roll on the Ups and Downs Sheet. 4. #112 - 115 – Record your unexpected events as you roll the dice for #112-114 then add them all together and write the total in #115.
Vacation Choose from one of the following vacation packages. The prices include travel and food; take half off if youre single. Destination Two-week Mediterranean Cruise$9,000.00 One week in Europe$3,480.00 One week in Hawaii$2,880.00 One week at Disney World$1,980.00 One week in San Francisco$1,320.00 One week at the beach (driving)$960.00 One week at a state park (driving)$720.00 One week camping (driving)$240.00 One week at your in-laws house$60.00
#116 – 117: Write the amount of your vacation on your packet for #116. Divide this amount by 12 to determine how much you will set aside each month for #117.
Helping Others #118 – 120: Refer back to Day 2 (#41 & #42) to find your salary and your wifes/husbands salary. #120: Multiply the total by.02 to get the total donation amount.
Entertainment Use the following chart to get your familys cost of going to dinner and a movie, then decide the number of times each month.
Dinner/MovieFast Food MealNicer Meal Single$10.00$15.00 You & Wife/husband or date $20.00$30.00 Married with family$20.00 + $7.00 per child $30.00 + $14.00 per child #122 – 124: Determine your entertainment costs using the following chart.
Education and Training Not everyone borrows money to pay for higher education, but lets say you did. Look back to #28 to remind yourself what type of diploma or degree you needed for your career.
Student Loan: Typical Monthly Payments Associate Degree$50.00 Vocational Degree$54.00 Bachelors Degree$184.00 Masters Degree$220.00 College Professor$280.00 Professional Degree (except for professor)$530.00 Medical Degree$840.00 #125: From the chart above, determine the student loan cost for the type of education or training you would need for your career.