Basic Personal Finance PowerPoint Millionaire Game.

Slides:

Advertisements

Similar presentations

Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking

Advertisements

What is credit?. VOCAB TO KNOW! Credit : trust given to another person for future payment of a loan, credit card balance, etc Creditor : A person or company.

1 CREDIT THE TRUE STORY SMART MONEY. 2 What is Credit? An arrangement to receive cash, goods, or services now, and pay for them in the future. A claim.

Credit. CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company to.

Teens 2 lesson seven understanding credit presentation slides 04/09.

Credit and Its Use.

Compounding Interest You are interested in opening a savings account that pays interest at a rate of 6% compounded annually. You deposit $523 as your starting.

TEST PREP 1. A. The amount you can afford to pay B. The minimum payment stated on your bill C. The minimum amount due on your debit card D. 20 percent.

THE BIG IDEA (MONEY MANAGEMENT)  SS8E5: The student will explain personal money management choices in terms of income, spending, credit, saving, and investing.

GOOD CREDIT IS THE TICKET DO YOU KNOW HOW TO ACHIEVE IT?

Saving For the Future.  Why should we save? To provide for future needs. Both expected and unexpected. What might happen if you do not set something.

16 Money Management and Financial Planning

Money Management Teen Living 10.01/ Don’t spend it 2.Make saving a habit Learn to Save $$

The “Need-to-knows” for your financial future. * Do you ever want to buy a car? * Do you ever want to own your own home? * Do you know how debt can impact.

Credit Intro to Credit & Establishing Good Credit.

Managing Your Money Personal Finance. Disposable Income.

WHAT HAPPENED TO MY PAYCHECK?. GROSS PAY (earnings): Taxable income before any adjustments TOTAL COMPENSATION: DIRECT + INDIRECT COMPENSATION DIRECT COMPENSATION:

Review of presentations Credit, Finance, Credit cards, Savings Accounts, Payroll.

The Financial Plan Chapter 2. Definitions You Need to Know Personal financial plan: specifying financial goals and describing in detail the spending,

Using Credit. Terms to know Credit Creditor Revolving Charge Account Installment Account Vehicle leasing Cash loan Collateral Cosigner Home equity loan.

CHAPTER 8: ACCOUNTING DECISION MAKING BY THE NUMBERS.

YOUR FINANCIAL FUTURE DEPENDS ON YOU! Personal Finance.

Personal Financial Literacy What do you know? Is the $1000 her gross or net income?gross net 1. Janie gets a check after her first two weeks at work,

Unit 03: Financial Literacy Vocabulary. Available Balance The amount available in an account for a person, business, or organization to spend. How much.

Residency Loans Residency Living Student Loans October 6, 2008.

Payroll Computations, Records, and Payment

Personal Finance QUIZ REVIEW – CREDIT CARDS, BANK ACCOUNTS, BUDGETING, ETC.

Credit ~ The Basics. Homework (Passport Page 32)

3 rd 9 Weeks Benchmark Review Career Preparedness.

SAVING FOR THE FUTURE  Growing Money: Why, Where, and How  Savings Options, Features, and Plans.

Personal Finance Test Review. Post Test Review A. Credit is the ability to obtain goods/services before payment is made based on the trust that payment.

Buy Now Pay Later….  How to analyze the advantages & disadvantages of consumer credit  How to distinguish among various types of consumer credit  How.

Retire a Millionaire. Steps 1 Manage your income 1 Manage your income 2 Manage your spending 2 Manage your spending 3 Start an emergency fund 3 Start.

 the ability to borrow money in return for the promise of REPAYMENT  Before using credit you should ask your self:  Is it a want or a need?  Do you.

YOUR FINANCIAL FUTURE DEPENDS ON YOU! Personal Finance.

Money Management Key Terms. Money Management Paycheck Key Terms.

Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.

Going Into Debt Chapter 4. Americans and Credit Chapter 4, Section 1.

Using Credit SSEPF4.a, SSEPF4.b, SSEPF4.c. Loans and Credit Cards: Buy Now, Pay Later The U.S. economy runs on credit. Credit – The ability to obtain.

$200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 Budget, Yeah I am going to need that I am going.

Credit Cards Rules and Legislation. How does a credit card work?  Purchase Item: Approval: Sign  Merchant sends receipt to bank gets credit for transaction.

Managing Your Money Chapter 23.

Applied Business Practices Final Exam Review. Credit –Borrowing money with the promise to repay in the future Installment Loan –Loan in which you make.

Credit. CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company to.

MoneyWi$e Webinar: Good Credit What is credit?  Ability to borrow money or obtain goods.  Your promise to pay the original cost later or over time plus.

Your Financial Future Credit. Payroll deductions  Federal taxes – pays for roads, bridges, government, military, space program, disaster relief, schools.

Careers Take-Home Pay Housing and Vehicle Allowance.

CHAPTER 26 – HOW TO GET AND KEEP CREDIT What I need to know…

USING THE BANK INDEPENDENT LIVING NOVEMBER 4, 2015.

PERSONAL FINANCE. WHAT IS A DEMAND DEPOSIT IN A BANK ON WHICH CHECKS ARE DRAWN? CHECKING ACCOUNT.

10 Points Question- What is the definition of Character?

Credit – You’re in Charge.  Credit – the ability to borrow money in return for a promise of future payment. ◦ Credit has the opposite trade-off as saving.

Chapter 5 Taxes.  Payroll Taxes ◦ Largest part of government revenue ◦ Based on employee total earnings ◦ Paid by you and your employer ◦ Include income.

Vocabulary Disposable Income Discretionary Income Budget Income Expenses Credit Down Payment Annual Percentage Rate (APR) Collateral Bankruptcy Interest.

A plan for managing money during a given period of time Financial Roadmap.

CHAPTER 12 FINANCIAL MANAGEMENT Financial Planning FINANCIAL PLANNING Ongoing Operations Revenue – all income that a business receives over a period.

Chapter © 2010 South-Western, Cengage Learning Saving for the Future Growing Money: Why, Where, and How Savings Options, Features, and.

Understanding your Paycheck. What information in on a pay stub? Gross wages- how much you earn before taxes and other deductions Net wages- amount left.

Chapter 6 Saving & Investing. Deciding to Save There are many reasons to save:  for purchases that require more funds than you usually have at one time.

The Facts on Credit Those who are wise never pay interest… they earn it!

Analyzing Credit and Debt  When you use credit responsibly it can be very convenient because you can use it to buy things now and pay for them later by.

How To Improve Your Credit Score Federally insured by NCUA Great Rates. Personal Service. chevronfcu.org 

Money Management Getting a strong start 2 Achieving financial goals 3 Planning a secure future A project of Consumer Action |

1 Getting a strong start Money Management A project of Consumer Action | Funded by Consumer Action’s Money Management Project.

16 Money Management and Financial Planning

USING CREDIT SSEPF4: The student will evaluate the costs and benefits of using credit.

Saving for the Future Growing Money: Why, Where, and How

Managing YOUR Money! Personal Finance.

16 Money Management and Financial Planning

Personal Finance Jeopardy Game

Presentation transcript:

Basic Personal Finance PowerPoint Millionaire Game

Question 1 for $100 Which of the following is a fixed expense in a family budget? A. Car payment D. GasolineC. Clothing B. Food 50:50

Question 2 for $200 How long does it take for missed credit card payments to be cleared from your credit report? A. 3 yearsB. 5 years C. 6 yearsD. 7 years 50:50

Question 3 for $300 Where can you get a free copy of your credit report once every 365 days? A. D. A bank or credit union C. Federal Trade Commission B. 50:50

Question 4 for $500 Which of the following is most likely NOT a mandatory deduction from a worker’s paycheck? A. Union dues D. Federal income taxC. Life insurance B. FICA tax 50:50

Question 5 for $1,000 Which number is the BEST possible FICO credit score? A. 780 D. 1,000C. 950 B :50

Question 6 for $2,000 Which form is used for calculating federal income tax withholding? A. W-4 D. W-2C. 401(k) B :50

Question 7 for $4,000 Which company is NOT one of the three major credit bureaus? A. TransUnion C. Dow JonesD. Experian B. Equifax 50:50

Question 8 for $8,000 Which factor has the biggest impact on a person’s credit score (worth 35%)? A. Credit history D. Types of credit used C. Amount of debt B. Age 50:50

Question 9 for $16,000 Secured credit is backed by which of the following? A. Your credit score D. Ability to payC. Your payment history B. Property or cash 50:50

Question 10 for $32,000 The amount of income left in someone’s paycheck after taxes and other deductions is A. Discretionary income D. Disposable income C. Taxable income B. Adjusted gross income 50:50

Question 11 for $64,000 Which of the following assets provides the highest degree of safety of principal? A. Stocks D. Bonds C. Certificates of deposit B. Collectibles 50:50

Question 12 for $125,000 Which form of credit involves making regular monthly payments for large purchases such as a car? A. Service credit D. Cosigned creditC. Installment credit B. Revolving credit 50:50

Question 13 for $250,000 Which of the following is NOT a term related to credit? A. Origination Fee D. APRC. FICO B. APY 50:50

Question 14 for $500,000 Experts generally recommend having enough money saved for emergencies to cover a minimum of: A. 1 month’s expenses D. 8 month’s expensesC. 6 month’s expenses B. 3 month’s expenses 50:50

Question 15 for $1 Million What happens when you take “0” income tax withholding allowances on Form W-4? A. Larger tax refund D. Less tax deductedC. Larger net income B. Smaller tax refund 50:50

Ask the Audience Raise your hand for the letter of your choice when your teacher asks you to.

Would you like to try for? $200 $100

Would you like to try for? $300 $200

Would you like to try for? $500 $300

Would you like to try for? $1,000 $500

Would you like to try for? $2,000 You are guaranteed $1000! You are guaranteed $1000!

Would you like to try for? $4,000 $2000

Would you like to try for? $8,000 $4000

Would you like to try for? $16,000 $8000

Would you like to try for? $32,000 $16000

Would you like to try for? $64,000 You are guaranteed $32,000! You are guaranteed $32,000!

Would you like to try for? $125,000 $64,000

Would you like to try for? $250,000 $125,000

Would you like to try for? $500,000 $250,000

Would you like to try for? $1 Million $500,000

$1,000,000

Phone a Friend! Which student in class would you like to ask for help?

I’m Sorry! That is not the correct answer!