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4/2/14 BR: What is opportunity cost? YOU SHOULD BE THROUGH PAGE 7 BY TODAY AND PAGE 20 BY THURSDAY (ALL ACTIVITIES COMPLETED) ©2012 National Endowment.

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Presentation on theme: "4/2/14 BR: What is opportunity cost? YOU SHOULD BE THROUGH PAGE 7 BY TODAY AND PAGE 20 BY THURSDAY (ALL ACTIVITIES COMPLETED) ©2012 National Endowment."— Presentation transcript:

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2 4/2/14 BR: What is opportunity cost? YOU SHOULD BE THROUGH PAGE 7 BY TODAY AND PAGE 20 BY THURSDAY (ALL ACTIVITIES COMPLETED) ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 1

3 Activity #1 On a paper, write out descriptions for the different education options (p.12) but put a ____________ in front of the description. Exchange your paper, have a partner fill in the blanks. Have the partner sign your paper (indicating they did it and not just you!) ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 2

4 Education Options Four-year colleges Two-year colleges Apprenticeships Military Which option(s) seem a good match for you? ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 3

5 Activity #2 Create a chart! ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 4

6 How to Manage Education Costs One of the most important and expensive events in your life should not be handled with haphazard decisions. ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 5 Streamline Expenses Comparison Shop Be Strategic About Income Sources

7 How to Manage Education Costs One of the most important and expensive events in your life should not be handled with haphazard decisions. ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 6 Streamline Expenses Stick to a budget Avoid nonessential expenses Use discounts Look for freebies: scholarships, grants, credit in high school, testing out options Comparison Shop Establish minimum criteria Weigh value with what you can afford Match to your situation and future plans Be Strategic About Income Sources Consider the long-term value Explore or jumpstart your career Earn while you learn Apply for tuition reimbursement or scholarships Use loans with caution

8 ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 7 Know Before You Go Find out prerequisites Prepare to meet requirements Plan to cover costs (tuition and living costs) Finish on Time (or Early) Map out a plan Stick to the plan Minimize need for catch-up courses Take Steps Now Save and invest money Take care of required courses in high school Explore options Position self for eligibility (entrance requirements, entry- level jobs, scholarships, internships) More Ways to Manage Education Costs More students drop out of college programs due to finances than because of grades.* *Source:

9 Challenge Assignment 3-A 1. Outline a plan to pursue a career that you find interesting now. 2. Select an education option that is a realistic way for you to get a good start in that career. ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 8

10 Reflection What are the three greatest challenges I will face when preparing for my first career? What are the greatest opportunities I might encounter while preparing for my first career? ©2012 National Endowment for Financial Education | Lesson 3-1: Invest in Yourself 9

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