1. High School

2. Introduction IN Negative Positive
Health – stress, worry, unhealthy coping behaviors; can’t afford things that improve health.
Happiness – lacking enough money impacts your happiness.
Productivity – when worried about finances we’re less productive at work, at home, and in our personal lives. Relationships –cause of divorce, relationship strain, and fights.
Lifestyle – you miss out on life experiences and goals.
Security – unable to afford financial safety measures.
Wellbeing –stress, worry, and fear are common symptoms.
Free time – you have to spend a lot of time working to pay bills.
Positive
Health –relaxed, able to afford things that keep you healthy (good food, massages, relaxing nights, vacations).
Happiness – being able to do more of what you want makes you happy.
Productivity – you’re more productive in all areas of your life. Your mind is focused and not thinking about money worries.
Relationships – you argue less and have a financially stress-free home.
Lifestyle – you can live the lifestyle you want in freedom.
Security – you feel safe on the path to financial security.
Wellbeing – you feel a sense of peace and confidence.
Free time – you have time to spend with friends and loved ones, having fun experiencing what life has to offer. IN

3. Introduction IN

4. Let’s Learn to Budget
What percentage of lottery winners wastes all their winnings within a few years?
How many NBA and NFL players are broke or bankrupt within 5 years of retirement? B5

5. Let’s Learn to Budget
People with no money skills often make poor financial choices, regardless of how much money they have.
Budgeting gives provides:
Control
Organization
More money
Opportunity B5

6. Let’s Learn to Budget
Complete the worksheet as accurately as possible. This activity will not be shared with the class.
First write down where you are right now.
Next develop a savings plan that matches your lifestyle and long-term financial goals.
Complete the Goal section of the budget worksheet. Identify where you can reduce expenses and increase savings.
Make changes when your income or expenses change.
Input the information on your computer to allow easy adjustments. B5

7. Let’s Learn to Budget B5 New Choices: _____ Housing
_____ Car (incl. gas & insurance) _____ Needs (electric, phone, food)
_____ Clothes
_____ Entertainment
_____ Medical Insurance
_____ Toys
_____Credit Card Debt
_____ Student Loan Debt
_____ Travel
_____ Friends & family
_____ Savings
_____ Giving back
_____ Monthly Expenses
_____Take-Home Pay
New Choices Outcome: ______ B5

8. Closing CL

9. Closing CL

10. Closing
The “Rule of 72” says to divide the interest rate you’re receiving on an investment by 72 and the answer tells you how many years it will take for that money to double. The earlier you save for retirement, the better chance your money has to double.
Display this example: If you have 10,000 in savings and earn a 10% interest rate, your money will double in 7.2 years.
Approximately how much money will you have in 49 years? CL