1. Personal Financial Literacy What Everfi Missed!!!

2. Creating a Personal Budget  Gross Pay – An individuals total personal income before taking taxes or deductions into account  Net Pay- A person’s income after taxes or deductions have been taken out.  Variable Expenses – Expenses that change from year to year based on certain factors ◦ Ex. Medical Bills, Gas Consumption Expenses  Fixed Expenses - Expenses that do not change from year to year ◦ Ex. Salaries, Rent

3. What affects an individual’s financial plan and goals?  Education (Community College, University, or Military?)  Job/Career  Wages/Income  Budget ◦ Gross vs. Net Pay  Discretionary Income - Total amount of money available to spend or save after taxes and personal needs have been taken into account. In other words, the leftover money. ◦ Ex. Cell Phone, entertainment, Internet, etc.

4. Consumer Protection Laws and Government Regulations  Resolving Consumer Conflict ◦ BBB (Better Business Bureau)  Established in 1912  Non-profit Organization  Provides free reviews on businesses in the United States ◦ State Attorney General  State’s Chief Law Enforcement Officer  Chief Legal Advisor to the state government  In some states, serves as the head of a state department of justice ◦ State Secretary of State  Wide Range of Responsibilities:  State’s main election official  Registers non-profit organizations and businesses in that state  Oversees the state’s archives  Automobile Registration  Department of State Operations