1. PERSONAL MONEY MANAGEMENT CHOICES ©2015HappyEdugator

2. THE SOONER THE BETTER!! IT’S TOO BAD MONEY DOESN’T REALLY GROW ON TREES!! THE SOONER YOU DEVELOP GOOD MONEY HABITS THE BETTER OFF YOU WILL BE IN THE LONG RUN!! MONEY IS NOT SO IMPORTANT FOR WHAT IT IS, BUT FOR WHAT IT CAN DO! MONEY – THE MEDIUM OF EXCHANGE USED TO BUY GOODS AND SERVICES. ©2015HappyEdugator

3. INCOME YOUR INCOME PROVIDES YOU WITH MONEY TO SPEND ON WHATEVER YOU CHOOSE. PEOPLE EARN INCOME BY GIVING THEIR TIME AND SERVICES TO AN EMPLOYER, AND RECEIVING MONEY IN RETURN. ©2015HappyEdugator

4. SPENDING spend (sp n d) v. spent (sp n t), spend·ing, spends v.tr. 1. To use up or put out; expend: spent an hour exercising. 2. To pay out (money). 3. To wear out; exhaust: The storm finally spent itself. 4. To pass (time) in a specified manner or place: spent their vacation in Paris. 5. a. To throw away; squander: spent all their resources on futile projects. b. To give up (one's time or efforts, for example) to a cause; sacrifice. v.intr. 1. To pay out or expend money. 2. To be exhausted or consumed IN EVERY CASE, SPENDING IS DEFINED AS THE SACRIFICE OF ONE THING IN EXCHANGE FOR SOMETHING ELSE. ©2015HappyEdugator

5. CREDIT PEOPLE USE CREDIT TO BUY SOMETHING NOW AND PAY FOR IT LATER. WHEN YOU BUY SOMETHING ON CREDIT, YOU USUALLY HAVE TO PAY THE AMOUNT BORROWED PLUS AN ADDITIONAL AMOUNT IN INTEREST. CREDIT CAN BE GOOD OR BAD. IT ALL DEPENDS ON YOU! GOOD CREDIT COMES WITH A GOOD REPUTATION FOR BEING A RESPONSIBLE BORROWER, WHERE AS BAD CREDIT COMES FROM THE OPPOSITE REPUTATION! ©2015HappyEdugator

6. INTEREST INTEREST CAN WORK FOR YOU OR AGAINST YOU. SAVINGS ACCUMULATE INTEREST FOR YOU, WHILE CREDIT CAN ACCUMULATE INTEREST AGAINST YOU. PEOPLE WHO MAKE LOANS LIKE BANKS MAKE MONEY BY DOING SO FROM INTEREST PAYMENTS. INTEREST IS A FEE PAID FOR THE USE OF SOMEONE ELSE’S MONEY. ©2015HappyEdugator

7. SAVING ©2015HappyEdugator

8. SAVING SAVING MONEY CAN EARN YOU MONEY! EARNING MONEY THROUGH SAVING IS DONE WHEN YOU PUT YOUR MONEY IN AN ACCOUNT LIKE THAT OF A BANK OR CREDIT UNION THAT PAYS YOU INTEREST! JUST LIKE YOU HAVE TO PAY INTEREST WHEN YOU BORROW MONEY, THE BANK PAYS YOU INTEREST WHEN YOU ALLOW THEM TO USE YOUR MONEY. SAVING TAKES DISCIPLINE AND PATIENCE, AND IT IS OFTEN A SLOWER WAY TO OBTAIN YOUR GOAL, BUT YOU WILL PAY LESS FOR WHAT YOU WANT BY SAVING RATHER THAN BORROWING TO OBTAIN WHAT YOU WANT FASTER. ©2015HappyEdugator

9. INVESTING SAVING ALSO ALLOWS YOU TO INVEST. SAVING ALLOWS YOU TO INCREASE YOUR HOLDINGS BY INVESTING. INVESTING CAN BE DONE IN MANY DIFFERENT WAYS: 1.STOCKS AND BONDS 2.COLLECTIBLES 3.REAL ESTATE 4.NATURAL RESOURCES 5.BUSINESS(YOUR OWN OR SOMEONE ELSE’S) LIKE ANYTHING ELSE WHERE MONEY IS CON- CERNED, THERE IS ALWAYS SOME RISK INVOLVED WITH INVESTING. IT IS A GAMBLE. ©2015HappyEdugator

10. What are ways to earn income as a teenager? DISCUSS: How will the decisions you make now affect your ability to make money as an adult? What factors can improve a person’s income making potential? How does a person decide on what to spend his/her income? How does buying on credit work? Why do people use credit? What are the advantages and disadvantages of using credit? By what methods can people save their money? Why is it important to save money? What does investing money mean? Why do people invest? What are the advantages and disadvantages of investing? ©2015HappyEdugator

11. MAKE A FINANCIAL DECISION ©2015HappyEdugator

12. INSTRUCTIONS DEFINE A GOAL (SHORT TERM) OF SOMETHING YOU WANT. MAKE A FINANCIAL PLAN AND WRITE YOUR PLAN DOWN STEP BY STEP BY: STATE THE COST OF WHAT YOU WANT 1.LIST YOUR INCOME and EXPENSES 2.SUBTRACT YOUR EXPENSES FROM YOUR INCOME. WHAT YOU HAVE LEFT IS YOUR DISPOSABLE INCOME. THIS IS THE AMOUNT LEFT AFTER EXPENSES ARE PAID, WHICH YOU MAY USE TO PURCHASE WANTS. 3.AMOUNT CURRENTLY POSSESSED 4.AMOUNT NEEDED 5.PLAN OF ACTION TO OBTAIN AMOUNT NEEDED (SPENDING) 6.CREDIT TO BE USED IF ANY 7.PLAN OF REPAYMENT IF NEEDED 8.INTEREST PAID (IF APPLICABLE) 9.SAVINGS USED OR PLANNED TO BE USED 10.INVESTMENT(TIME AND/OR MONEY) 11. BUDGET OF TIME AND MONEY ©2015HappyEdugator

13. Thank you for downloading my Money Management Choices PowerPoint. I hope that you enjoy the resource and get a lot of use out of it. Please let me know if you have any questions or concerns. My email address is happyedug8r@msn.com.happyedug8r@msn.com Commercial Graphics used with permission from the following: Microsoft Design, GraphicStock.com, Clckr.com, publicdomainpictures.net For more teaching ideas and freebies, please click on the link to visit my blog! http://www.happyedugator.blogspot.com Also, I would love to have you follow me on Facebook. https://www.facebook.com/TheHappyEdugator.ht p://www.hap yedugator.blogspot.com ht ps:/ www.facebook.com/TheHappyEdugator Look for me on Google +, Twitter, and Linked-In! Please leave feedback at My TPT Store. http://www.teacherspayteachers.com/Store/HappyEdugator. ht p://www.teacherspayteachers.com/Store/Hap yEdugator Remember, you will earn credits for leaving me feedback which goes toward any future TPT purchases. Thank you and happy teaching! Deborah Hayes aka HappyEdugator ©2015HappyEdugator