C AN Y OU A FFORD I T ? Why is it important to be able to comfortably pay for a purchase such as a TV or new watch? Should you sacrifice your savings for.

Slides:

Advertisements

Similar presentations

How do economic conditions affect financial decisions?

Advertisements

Use specific reasons and examples to support your opinion.

Chapter 23.1 Use your Money Wisely

Personal Finance Chapter 1: Personal Financial Planning

Savings Savings grows money. Save for future needs and wants.

Personal Finance and Budgeting & Tips for Surviving on a Low Income.

 9/24  Put name on spreadsheet.  Staple work to spreadsheet if you have an extra sheet of work.  Prior to turning in the spreadsheet record your current.

Section 1: Use of Credit.  Credit: Receiving money with the promise to pay in the future ◦ Principal: The Original amount of the loan ◦ Interest: Amount.

Budgeting Basics WHPE. The goals of this chapter: To give you an understanding of how common your situation is. To outline benefits and process for creating.

Personal Economics. Money vs. Currency Money: something that people will accept in exchange for goods or services. Currency: the part of the money supply.

Financial Fitness Senior Seminar Agenda Student Loans Credit Cards Credit Report/Score Budgeting Insurance Saving and Investing.

Ways t o s ave MONEY !!! Ten money saving tips for teenagers.

BUY A HOUSE HOW MUCH HOUSE CAN YOU AFFORD?. GROUP 5 ERICA MCMILLAN- BRADLEY ELLIS – PILAR GONZALEZ.

 A budget is a written record of the money that flows in and out of your household or pocket every month.

FINANCE$ “Dollars and Sense”. “How Do I Pay For Stuff??” When buying a product or service you can use… When buying a product or service you can use… Cash.

Budgeting. FIRST STEP HOW MUCH CAN YOU AFFORD? How can you do this?

Money Personality Quiz 1.You head to the mall to buy some pants you know are on sale and you also find a great shirt to match. You don't need it, but it.

Hands on Banking ® Financial Education Budgeting & Paying for College.

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

MAKING ENDS MEET Personal Budget for Type your name or family name.

Name__________________________________________ 1. Which of the following phrases means “the ability to understand how to manage your money”?  Minimum.

Schedule  An organized written plan to help reach your goals within a certain period of time.

Credit Consumer Economics. What is credit? The ability to borrow money now with the promise that you will repay it in the future. Credit can be a useful.

M S. M ELTON 1. Bell ringer: Video & Questions 2. Budgeting Traits: Good Vs. Bad 3. Budgeting Breakdown: Where should you spend your money? 4. Money Personality.

Subtitle Making and Living Within a Budget. How should you spend your money? How do you spend your money?

Chapter 17, Lesson 2.  Making a trade-off is giving up one alternative good or service for another.  If you choose to buy one thing, you may not be.

Credit and Banks How does credit work and what do banks do?

Student Support Services Tri-County Technical College Budgeting Skills Developed by Camilla Bravo Designed by Alex Wilson.

Warm Up April 26, 2011 My Life – You will write a paragraph about how the concepts in this unit matter to their life. They will include ideas that they.

Value: How our economy is measured. Money/currency: The cash and coins we use. Treasury: controls the currency of our country. Economy: Products, people,

Show Me the Money – Keys to Saving for A Child’s Education.

Financial Management Jonathan Banks. 1. Get Paid What You're Worth and Spend Less Than You Earn 1. Get Paid What You're Worth and Spend Less Than You.

Bell Ringer  Write down 3 things you know your parents spend money on each month.

PERSONAL FINANCE. Rule of 72 Albert Einstein is credited with discovering the compound interest rule of 72: What is it? 72 / interest rate = # of years.

Budg eting Introduction to Business & Technology.

The Loan Welcome! So you’re looking to finance a car? Before you look at taking out loans make sure that you are financially able to pay for a vehicle.

SESSION 3: FINANCIAL GOAL SETTING, SPENDING, AND CREDIT TALKING POINTS on SETTING & ACHIEVING FINANCIAL GOALS FINANCIAL GOAL SETTING, SPENDING, AND CREDIT.

Saving and Goal Setting. In This Lesson: 1. Recognize the importance of goal-setting. 2. Define short term, medium term, and long-term goals. 3. Develop.

Bell Ringer What is the difference between a want and a need? Fill in the table below with examples. WantsNeeds.

BUDGET – SAVING MONEY.  A BUDGET is a plan for dividing income among spending and saving options.  Most budgets are based on SHORT TERM and LONG TERM.

Real World Money Education Tarek Dabbagh Steven Carlson

Living on your own Kaitlyn Cuerrier Responsibilities Money.

 NEED  Food  Water  Clothes/shoes  Homes  Phones  Gas for cars  WANT  Accessories  Junk food we don’t need (eating out)  Online shopping.

Real Skills  Real Experiences  Real Life The NCCEE and the Financial Planning Associations of Charlotte and Raleigh gratefully acknowledge.

Warm UP 1.What is the difference between gross pay and net pay? 2.What is the difference between a deduction and a bill? 3.What is the difference between.

What does this mean to you?. FCS 7 TH GRADE Money Management.

Technical college in high school Take basic courses at a community college Take AP classes and tests in High School Avoid private schools if you can help.

10 Money saving tips for Teenagers. Tip 1:  When you purchase something, online or in store, you should write it down in a note book or type it somewhere.

Personal Budget 101 Economics. Budgeting and Goals What are your financial goals? –Would you like to buy a laptop or car? –Do you plan to play for a college.

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

Consumer Decisions: Smart Consumer Choices Mr. Ervin East Hardin Middle School.

Decisions work: career, job, wage or salary, skills, and entrepreneurship. Gross pay is before taxes and deductions and net pay is after. Education: college,

Grade 12 Family Studies.  Do you have a credit card?  What is it used for?  How is it like a loan?

Eastern/Western Oregon Cost of Living: Portland vs. Ontario Aidan Mahony Senior Project October 7, 2012.

By Ivana Davila October 3,  Eastern I chose Treasure Valley Community College as a school for me in eastern Oregon. Western  I chose Western Oregon.

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

SAVINGS – Plan for Financial Security. Why Save?Savings is a trade off. You agree to save now in order to spend in the future.  Save for the Unexpected.

Home Buying By:Charlotte Haws, Jake Cushing, Chad Shehee.

Preparing a Budget. Budgeting Managing one’s income and expenses by creating a plan  Companies, Governments, Families, You Covers a specific time  Companies.

BUDGETS AND BALANCE SHEETS Chapter 4. OBJECTIVES Explain the steps involved in creating a budget Describe the steps involved in creating a personal balance.

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

The Color of Money I What would you do if you won $1,000? (share answers) Many of us have different answers. Some of you would blow it. Some would save.

Living Wi$ely Session One The Three Rules. Your Money Story The first money you received  Gift or reward  Occasion  What to do with it.

Choose your own financial adventure By :Gwendolyn Jones.

Budgeting and Record Keeping. Financial Planning ► Financial Plan- An _____ program for spending, saving, and investing the money you earn.

HOME BUYING CASE STUDY JOHN BERKA. 49 years old wife passed away a few years ago Lives in a bigger home worth owes Car payment ,

PERSONAL FINANCE GAME This project counts as a TEST grade. LISTEN and follow directions! Excel Sheets: 1- MONTHLY BUDGET SHEET 2- CHECKING ACCOUNT 3- SAVINGS.

MY BUDGET. You are 30 years old and make $80,000 year.

Budgeting and Financial Priorities

Presentation transcript:

C AN Y OU A FFORD I T ? Why is it important to be able to comfortably pay for a purchase such as a TV or new watch? Should you sacrifice your savings for a big ticket purchase that is a want and not a need? What would be some examples of a trade off if you were to buy a big ticket item such as a new TV?

A NOTHER E XAMPLE Information from Bank of America

M ONEY P ERSONALITY Q UIZ 1. You head to the mall to buy some pants you know are on sale and you also find a great shirt to match. You don't need it, but it looks great. What do you do? a. Buy it! No hesitation b. Wait until it goes on sale c. Stick to your original plan and just buy the pants!

M ONEY P ERSONALITY Q UIZ 2. You just got a $50,000 inheritance you weren't expecting when Aunt Mary passed away. Your first instinct is to: a. Spend it all on a new sports car! b. Take $10,000 and go on a nice vacation and save or invest the rest of the money! c. Pay off your mortgage and invest in a money market account!

M ONEY P ERSONALITY Q UIZ 3. You decide its time to move out of mom and dads house and out on your own. You have a choice between a great apartment downtown that is perfect but way too expensive. Or an apartment that fits your budget perfectly but is not in a prime location. What do you do? a. Go for the expensive apartment! Location is everything! b. Try to find another option that better fits your budgets and your location! c. Choose the apartment that fits your budget!

M ONEY P ERSONALITY Q UIZ 4. When you are planning for a summer or spring break vacation you typically would…? a. Go when you feel like its your time to go, spend whatever you need to in order to have a good time. b. Make sure you have at least the bulk of it covered through savings and watch for deals so you don't come back too deep in debt. c. Save until you can cover the entire cost of the trip and then some.

M ONEY P ERSONALITY Q UIZ 5. You are getting ready to decide on college. You have a full scholarship at a great school. But you have not received a scholarship from your number one choice. You also have A+ money that you could use at community college for your first two years… What do you do? a. Go to your number one school, you can always pay it off later. b. Use your A+ money and go to community college then transfer to your first choice school, the debt will be less! c. Go to the great school that offered you a full scholarship!!