Show Me the Money The most pressing issue for Canadian families is: Economic Security.

Slides:

Advertisements

Similar presentations

How do economic conditions affect financial decisions?

Advertisements

VALUES The beliefs and practices in your life that are very important to you. Influences: Family Friends Work Media Self Reliance Others (boss, teacher,

NEFE High School Financial Planning Program

Introduction to Consumer Education

VALUES The beliefs and practices in your life that are very important to you. Influences: Family Friends Work Media Self Reliance Others (boss, teacher,

Introduction to Consumer Education

4.1 Economic objectives of the government

All of this WITHOUT ANY national TV or radio advertising!

Managing Your Money Lesson from the Council for Economic Education Financial Fitness for life publication.

1 How High Interest Card Debts Affects Debtors’ Quality of Life Survey Report Dr. Robert Ting-Yiu Chung Director of The Public Opinion Programme, University.

Chapter 2 Economic Activity.

Income and Expenses. Income Income from work A. Wage – money paid by the hour or unit of production. B. Salary – money paid on a weekly, monthly, or yearly.

1 INTRODUCTION. Copyright © 2004 South-Western/Thomson Learning 1 Ten Principles of Economics.

FINANCIAL DECISIONS AND GOALS

 How does demand and supply change when things happen in the economy, like:  Inflation  Unemployment  Levels of spending  Real output  We look at.

Budgeting and Financial Planning. Budgets Budget: A plan for how a person, family, or organization will raise and spend money. Why do you think it is.

Comparison Shopping. Shopping Shopping is what you do when you spend income (money you have earned). You can do this in a variety of ways: a. In Store.

Personal Financial Planning

Personal Finance Part 1.  _don_t_eat_the_marshmallow_yet.html _don_t_eat_the_marshmallow_yet.html.

 Money and Time Management. Warm up  You have just inherited $50,000 from a family member. Explain what you would do with the money.

Licensing Program.  Provides Solutions for Our Troubled Times And Your Bottom Line!

STUDENT CREATED REVIEW MANAGING MONEY. SPENDING STYLES Present-Oriented Future-Oriented Buying things now instead of waiting Don’t plan and save as much.

What is Budgeting? IncomeExpensesSavings.  What is Income? Where does it come from?  What are some sources of Income?  Things to consider…  Federal.

Personal Finance The economy in our state is affected not only by national and global markets, but is also affected by actions and decisions we make about.

Personal Finance for High School Seniors. "...the borrower is a slave to the lender" (Proverbs 22:7)

INTRODUCTION TO PERSONAL FINANCE WHY DO WE NEED TO MANAGE OUR MONEY?

1 a Dealing with Dollar $ workshop Children and Money.

Good Anything that can be grown or manufactured (made) Food Clothes Cars.

Unit 7a Economics.

Chapter 2 Economic Activity. Objectives Describe Gross Domestic Product Describe Gross Domestic Product Identify and describe economic measures of labor.

Making work pay in London under Universal Credit.

Being a Responsible Consumer.  What was the last thing you bought? - video game? - video game? -lunch? -a haircut? Anytime you pay for something – you.

Choose a category. You will be given the answer. You must give the correct question. Click to begin.

 Economics is the study of how we make decisions when resources are limited.  You must decide between what you NEED and what you WANT.

Credit Cards Buy now pay later. Objective: Include the cost of credit in weighing the expected costs and benefits of a purchase. People who make good.

PERSONAL FINANCE Financial planning for individuals. Generally, it involves analyzing your current financial position, predicting short-term and long-term.

The Secrets of Saving Get Ready to Take Charge of Your Finances.

Warm Up Turn to page 25 in your textbook Read “Consumer Action” What can Yolanda do to help her business be more profitable? How will she know if her price.

Financial Values Categories G1 Concern for Others Help your family and friends, Support causes you believe in Make the world a better place for.

Ch. 1 Economic Decisions and Systems. Ch. 1-1 Satisfying Wants and Needs  Needs- Things that are required in order to live  Wants- Things that add comfort.

Today’s Consumer. The Challenge of Business In Canada, billions of dollars of goods and services are bought, sold and exchanged daily In 2009, Statistics.

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.

ECONOMIC ACTIVITIES PERSONAL FINANCE REBECCA DEAN REID ROSS CLASSICAL HIGH SCHOOL.

Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.

1 Chapter 4: The Marketing Environment Designed & Prepared by Laura Rush B-books, Ltd. Introduction to Copyright Cengage Learning 2013 All Rights Reserved.

Personal Finance April 17, Money Management  Everyone must make choices about what to do with their income, including you  Income is money earned.

Market economy Citizens own the businesses in the economy, not the govt. People can choose what they want to buy.

Unit 1: What is economics all ABOUT? Chapters 1-6.

The Mystery of Two Families. A Mystery of Two Families The Robinsons and the Meltons are two families that earn the same income, live in the same neighborhood,

ESSENTIAL QUESTION: HOW CAN SOMEONE INCREASE THEIR HUMAN CAPITAL? HOW CAN CREATING AND MANAGING A BUDGET HELP SOMEONE MAKE BETTER FINANCIAL DECISIONS?

ESU Debate Workshop : Economics Stefano Imbriano, English Speaking Union, London.

October 23-18,  Legal tender: coins and paper money, as defined by the Government of Canada, that must be accepted as payment for good or services.

Armada Online Rewards Licensing Program. Armada Online Rewards  Provides Solutions for Our Troubled Times And Your Bottom Line!

FINANCE Personal Financial Planning. What we will discuss  How to create a financial plan  How to develop your financial goals  How to evaluate the.

Licensing Program.  Provides Solutions for Our Troubled Times And Your Bottom Line!

International Business Basics 3-1. Trading Among Nations Domestic Business International Business (Foreign or world trade) Making, buying, and selling.

JA Our City Name Title Company. Session 1 Our city: A Place Where People Live, Work, and Play 1.

Spending and Saving Money Chapter Attitudes toward money Some people put more value on money than others Often spring from emotional needs rather.

ECONOMIC ACTIVITIES OF CONSUMERS EARNING  Gaining money by working, owning a business, or receiving investment returns.  Money gained from.

JA Our City 3rd Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company.

CHAPTER 2 Economic Activity. MEASURING ECONOMIC ACTIVITY  Economic growth is the steady increase in the production of goods and services in an economic.

CONTEMPORARY ECONOMICS© Thomson South-Western 3.4Providing a Safety Net  Determine why incomes differ across households, and identify the main source.

TURKEY. CONSUMPTIONS HABITS GENDER: Female – Male AGE: 15 – 18 Monthly income of your family: 800 Number of members in your family: 4 Number of children.

EPF 10 – The student will develop consumer skills by examining basic economic concepts & their relationship to product prices & consumer spending.

Economic Impact on Personal Finances

Financial Planning.

How do economic conditions affect financial decisions?

PAY YOURSELF FIRST Introductory Level.

PAY YOURSELF FIRST Introductory Level.

Presentation transcript:

Show Me the Money The most pressing issue for Canadian families is: Economic Security

Canadian Household Incomes With Canada’s expanding economy since 2003, household incomes are on the rise. Reasons are; Increase in hourly earnings More earners per household Lower income tax payments

In spite of the economic gains, many Canadians live on the financial edge

Did you know? A 2007 report states that 3.4 million Canadians live in poverty compared to approximately 3.2 million in 1990

What’s causing financial stress among Canadian families? DEBT

Credit Cards “Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after.” Dr. Joyce Brothers, Author

How do you decide how to spend your money? Think about the last item of clothing that you bought. What factors affected your decision?

Emotions Friends and peers Customs, Traditions, and Habits Family members Latest Styles and Fads Advertising Incentives Your values and confidence

Question Can you think of something you bought that you never used – or didn’t use much at all? If so, think about why you bought it. What can you learn from that decision?

Teens and Money Money Games

Not Enough - Read these blogs