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Chapter 24 Family Decisions. Goals for Ch. 24.1  Describe the steps, costs, and planning involved in getting married.  Discuss important family living.

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Presentation on theme: "Chapter 24 Family Decisions. Goals for Ch. 24.1  Describe the steps, costs, and planning involved in getting married.  Discuss important family living."— Presentation transcript:

1 Chapter 24 Family Decisions

2 Goals for Ch  Describe the steps, costs, and planning involved in getting married.  Discuss important family living decisions and why financial goals are important.  Outline the steps needed to plan a successful vacation.

3 Marriage and Commitment  Engagement – Most engagements last for a period of 6 months to one year. – The average age for first marriages in the U.S. was 26 for males and 25 for females.  Premarital Counseling – Many churches require counseling before allowing marriage.

4  Ceremony Plans and Costs – Wedding party – consists of the people who are active participants in the wedding ceremony. – Civil ceremony-wedding performed by a public official rather than a member of the clergy.

5 Groom’s Expenses  Bride’s ring  Marriage license  Wedding gift for the bride  Gifts for best man, groomsmen and ring bearer  Cleric’s or judge’s fee  Bachelor dinner  Lodging for out of town groomsmen

6 Family Financial Decisions  Financial Goals – Financial goals should be realistic and based on your income and life situation. – Should be listed in specific measurable terms. – Should specify the action you plan to take and should serve as the basis for various financial activities.

7 Vacation Planning  Itinerary – a detailed schedule of events, times, and places.  Reservation – an advance commitment to receive a service at a specified later date.  Travel Agency – business that arranges transportation, accommodations, and itineraries for customers.

8 Goals for Ch  Describe the steps and costs in a divorce.

9 Cost of Divorce  Expenses involved in divorce are high. They include attorneys fees, court costs and filing fees, child support and alimony, division of property.  Property settlement agreement – document specifying the division of assets agreed to by both parties and entered in court for the judge’s approval.

10  Alimony – money paid by one former spouse to support the other.  Child Support – monthly payments to the custodial parent to help provide food, clothing and shelter for the children.


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