1. $

2. “People who ‘have it all’ didn’t get there by accident. They made a financial plan and followed it. You will use what you learn in this unit to create your own personal financial plan.”

3.  Where do you get your money from?  How much money do you make in a week? A month? ACTION: Write down all the sources of income that you currently have and approximately how much money you receive from each source.

4.  Where does your money go? How much money do you spend in a week or month? ACTION: Write down everything that you have spent money on in the last week. How much money total did you spend?

5.  In order to “have it all,” it is helpful to keep three things in mind: ◦ VALUES ◦ WANTS/NEEDS ◦ GOALS

6.  Needs: very basic things that we must have to survive.  Wants: things that make life more interesting and fun, but you could live without them if you had to.  ACTION: as I read an item, decide if it is a want or a need. ◦ Are you spending more money on your wants or your needs?

7.  Def: beliefs and practices in your life that are very important to you.  ACTION: Value Auction…what are you most willing to spend your money on? ◦ What does each value symbolize? ◦ If you put all of your money into one item, you have to give up other items.

8.  Def: Something you aim for…something you want to be, do, or have at some future time.  Having financial goals is important so that you have time to save your money.  ACTION: Look at goal poster.

9.  Look back at values and wants/needs and goals…look at original list.  Did your goals line up with how spending money?  How do you think this will change in the next few years?

10.  From here we will look at creating a spending plan or budget (which will include a place to live, a car, etc) and how to use the resources in our community (banks, savings options, credit cards) to help us accomplish these goals.  We will do this as if you are just out of high school or college and use the approximate salary that you will be earning.