Personal money management FACTORY SHOALS MIDDLE SCHOOL Personal money management

FIRST FIVE Agenda Message: The last three-weeks of the semester we will study Personal Money Management. My 1st assignment is to talk with my parents and write two-paragraphs about their view of the importance of Personal Money Management. Standard: Explain personal money management choices in terms of income, budgeting, savings, spending, credit, and investing. Essential Question for Thursday, April 30th : What is the Theme for “Personal Money Management”? Warm-up: List three new things that you learned about Africa. Today We Will: Start Personal Money Management

ANSWERS E.Q. Answer for Monday May 5th: “It’s Not About the Amount of Money You Make, It’s ALL About the Amount of Money You KEEP” Warm-Up: Open question/answer in your own words

Personal money management Homework (write two-paragraphs) Ask Your Parents About The Importance of Your Learning Personal Money Management and Why! What lessons about money management are most important to your parents? How can personal money management benefit you “now” and in the “immediate future”? Be prepared to discuss in class tomorrow

Personal money management Theme: It is “NOT” About How Much Money You Make. It’s “ALL” About How Much Money You KEEP!

Personal Money management What is Money?

Personal Money Management Money is currency and coin that are guaranteed as legal tender by the government Legal tender, is anything which when offered as payment pays-off the debt. (Therefore personal checks, credit cards, debit cards and similar non-cash methods of payment are usually considered legal tender.) The U. S. government prints money. The amount printed is tightly regulated to maintain value.

What is value? ???

Value – A Fair Price or Return What is value? Value – A Fair Price or Return

Purchasing power Purchasing Power – Making Good Buying Decisions by Comparing the value of a Product to its cost Value Activity Worksheet Ticket Out the Door (TOtD)

Theme for Personal Money Management Vocabulary Words Money Legal Tender Value Purchasing Power Theme for Personal Money Management