1. Making Ends Meet By *Year? 1 Picture of YOU or general “life” picture *Use this fill in for your work. You may make any design changes you like. You must have all the items asked for on each slide for full credit, but how you format each slide is up to you.

2. GPA for Semester 1: *Cumulative GPA off PS APP: Academic Probability associated with this GPA Possible Jobs you might be interested in associated with this GPA:

3. Today: (To Do List) 1.Finish the “Career Inventory Sheet”. Turn in and make sure your Reality Store Career is a.Listed on the Guidance “Careers and Annual Salaries” pack b.Available according to your GPA c.Make sure I get the paper. I have to input your choices for the guidance department. 2.Completely finish Slides 1-2-3 of your MEM PPT Portfolio. a.Don’t forget a picture for your career...and your first page picture 3.Go to Google Classroom, and click the “Personal Finances docx” link...its the last one on the assignment. Don’t forget to answer the question-s. 4.You can print out the “Personal Finances paper, and write your answers on paper or on the back OR you can add them to slides at the MEM PPT Portfolio...just put them at the very end!

4. MIT Profile Pie Chart Results My MIT learning style(s): Insert pie chart Answer to Section 1 for Pie chart:

5. MIT Profile line graph Results ➢ GPA Goal: How will you improve, using your MIT strengths? Answer to Section 2 for line graph: MIT comparison of choice and free scores: your line graph PS: I am taking a 30 point grade for slide 1 through this slide (5) Title: 3 GPA/Jobs: 2 Reality Job: 5 Pie/Line graphs and questions: 20 =30 total

6. Budget: ● Description: a n estimate of income and expenditure for a set period of time. A plan listing your income along with all the expenses or costs you have. ● Definition: estimate of how to divide the money you make to pay your bills, save, and spend wisely Once I get a job, I will have to figure out a budget of monthly spending. That way, I will know how much I can afford for a house, car, and other wants and needs. In your own words

7. ❖ Gross Income:

8. ❖ Net Income:

9. ❖ Disposable income:

10. Debits from your income: ● Federal, State, County Tax: Money taken out of your check for services that support govt. programs (fire, police, streets, teachers,, welfare, Food stamps, ….) ● Social Security: Retirement money ● Medicare: Medical benefit for when you retire, you still pay for it, just less than usual ● (IRA, 403, Annuity) A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon maturing, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years. (Sometimes taking out of paycheck, sometimes done independently)

11. Finding Your Net monthly Insert a snipping tool picture of your Excel spreadsheet that shows how you got from your gross yearly salary to your Net Monthly salary.

12. Budget Planning Table Insert Net Monthly pay here: 2680.25 Expense CategoryRecommended %Amount Housing 35%983.09 Car (Transportation)10% (.10) 268.25 Electric5% (.05) Gas (Heat)5% Water2% (.02) Insurance8% Medical/Health10% TV/Internet/Cable2% Groceries (Food)3% Savings (Hopeful)10%268.25 Variable Expenses10%

13. Mortgage (word) My definition: Internet definition: Explanation sentence: illustration

14. Mortgage Loan (House/Property Loan) 1. PRINCIPAL: cost of House 2. Minus the DOWN PAYMENT (your money) 3. Plus INTEREST (Bank charges you money to use their money) 4. Divided by months you pay (usually 15-30 years) 5. If you don’t pay, the bank can take your property...that’s called FORECLOSURE.

15. Vocabulary : house BILLS ● Fixed Expense:bills that don’t change monthly like your cell phone or Internet, mortgage or car loan. ● Variable Expense:bills that vary every month, like electricity in summer versus winter, or clothes budget ● Utilities: public services like water, electric, and gas.

16. How much can you afford for a house? Given the TOTAL PRICE Given the MONTHLY ● Go to the bankrate loan calculator and set up: ● 5% interest ● 30 years ● * ● *If you had an event happen that gave you a down payment. ● Click on it ● Set up: ● 5% interest ● 30 years ● *Down payment: *

17. “My Humble Home” example ● Total Cost: ● Monthly Payment: ● Why you like: ● Address: Utilities: Replace all my answers with your own, like…. *All Electric utilities, water, and city sewage. Picture of house

18. My First Month’s Mortgage Check First National Bank of America1265.32--------- One Thousand, Two Hundred, and Sixty Five dollars and 32/100---------

19. Vocabulary: Car ● Loan: amount of money someone (bank or credit union) gives you up front to pay for a large purchase, with the understanding that you will pay it back over time each month, with interest (That extra money they charge you for using their money) ● Lease: Renting instead of buying. You are “back loaded” on the monthly payment…meaning you pay less per month, but at the end, you make that up when buying it, or you have to give them back the car. Usually has stipulations, like paying for full coverage on car insurance and mileage allowance. (10000 a year) So you pay $350 instead of $550, but at the end of the term instead of owning the car, you give it back or pay off the rest of it...usually $5000-10,000

20. Comparing Payments of a $25,000 car… 2-yr loan 4-yr loan ● You can get a 5% interest rate, and will have a monthly payment of $1096.78 ● $1096.78 times 24 months is ● Total: ● Interest: ● You can get a 5% interest rate, and will have a monthly payment of $575.73 ● $575.73 times 48 months is ● Total: ● Interest: Are you a “monthly” person or a “total price” person?

21. My car: ● Total Cost: ● Monthly Payment: ● Loan for ___ years ● Things I like about it: ● Compare to monthly payment ● For another term: ___ year loan is _____ Picture

22. Lifestyle by example ● My goal for a living lifestyle is ● My job will require this education level: ● In order to do have this lifestyle, I may have to: ● I can do without: ● I do think my strengths are: Student22

23. PERSONAL Financial Links Reflections ● 1: Spent: Tell about some of the difficult decisions you had to make. What hit you hardest? ● 2: List the “standard of living” (how much it costs to live) in Greenwood, and one other place. Where would you like to live and why? ● 3: What were your “Reality Check” results? What does that say about you? ● 4: Would you rather? Do one comparison. Show your answer choice on a slide, and why you chose it. ● 5: Worst Jobs: Tell what job you ended up with. What was your score? You may use as many slides as you want for this. Just make sure its at the end of your PPT portfolio or that you turn in the paper copy. 25points: 5 points for each reflection