What you need at your desk: Social Studies Portfolio Writing Utensil (Not a Red Pen) Leave Everything Else in Your Backpacks.

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What you need at your desk: Social Studies Portfolio Writing Utensil (Not a Red Pen) Leave Everything Else in Your Backpacks

Test Today Latin America History/Culture Test (R58-R63) Thursday – 4/2/15 Begin Personal Money Management Friday & possibly outside too Australia after Spring Break The “Outback” restaurant is themed after Australia the Down

R64 Personal Money Management

Today’s Standard SS6E4 explain choices The student will explain personal money management choices in terms of incomespendingcreditsavinginvesting income, spending, credit, saving, and investing.

Intro to our……. “Essential Question(s)” How does a person decide on what to spend his/her income?

Personal Money Management

Savings Budget Investment Credit Interest *“Income” – Money someone receives

income How do you generate income?

Personal Money Management

Savings Budget Investment Credit Interest *“Income” – Money someone receives Income that is not spent after people buy what they need or want Spending and Saving Plan *Helps people, companies, organizations decide how to best use income (money received)

“BUDGET”

$15 per week x 4 weeks 60 birthday check from grandparents 30 (TI) 90 bicycle tune-up 20 new tire 5 Video Game 50 (TE)75 TI - TE = TS15

Personal Money Management

Savings Budget Investment Credit Interest *“Income” – Money someone receives Income that is not spent after people buy what they need or want Spending and Saving Plan *Helps people, companies, organizations decide how to best use income (money received) Using some money now in the hopes of making more later

Return to our……. “Essential Question(s)” How does a person decide on what to spend his/her income? What are the advantages and disadvantages of investing?

Intro to our……. “Essential Question(s)” What is credit? What are the advantages and disadvantages of using credit? What is interest?

Savings Budget Investment Credit Interest *“Income” – Money someone receives Income that is not spent after people buy what they need or want Spending and Saving Plan *Helps people, companies, organizations decide how to best use income (money received) Using some money now in the hopes of making more later The ability to borrow money A fee for the use of borrowed money →Credit Cards & Banks charge you interest for borrowed money →A bank might give you interest for savings…. (they can use the money to give others loans & that’s how they make money)

Personal Money Management

x.05 = = $105 x.02 = = $561 x.07=84 1, = $1,284 x.11=550 5, = $5,550 $106 $136 $8.16 $ $ $10.45 $ $ $12.88 $ $ $15.45 $ $ $18.18 $ $30 LF

Return to our……. “Essential Question(s)” What is credit? What are the advantages and disadvantages of using credit? What is interest?