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. 1 Making Ends Meet By *Year? Picture of YOU or general “life” picture

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: Pie charts measure parts in a whole Line graphs can also be used to compare changes (between your free and forced choices) over the same period of time (now) for more than one group. (Free/forced) Tami Vest

My Reality Store Career Job Title: Gross Yearly Salary: Job Duties: Education/Training: Demand: Add picture of the job here.

MIT Profile Pie Chart Results My MIT learning style(s): Insert pie chart Answer to Section 1 for Pie chart: Pie charts measure parts in a whole Line graphs can also be used to compare changes (between your free and forced choices) over the same period of time (now) for more than one group. (Free/forced) Tami Vest

MIT Profile line graph Results MIT comparison of choice and free scores: your line graph Answer to Section 2 for line graph: GPA Goal: How will you improve, using your MIT strengths? 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 Line graphs compare Line graphs can also be used to compare changes (between your free and forced choices) over the same period of time (now) for more than one group. (Free/forced) Tami Vest

In your own words Budget: Definition: estimate of how to divide the money you make to pay your bills, save, and spend wisely Description: an 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. 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.

Gross Income:

Net Income:

Disposable income:

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) Federal, State, County Tax: For services that support govt. programs (fire, police, streets, teachers….) Social Security: Retirement money Medicare: Medical Care (disabled, retired) Deductions: (IRA (Individual retirement account), 403, Annuity) A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, 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.

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.

Budget Planning Table Insert Net Monthly pay here: 2680.25 Expense Category Recommended % Amount Housing 35% 983.09 Car (Transportation) 10% (.10) 268.25 Electric 5% (.05) Gas (Heat) 5% Water 2% (.02) Insurance 8% Medical/Health 10% TV/Internet/Cable 2% Groceries (Food) 3% Savings (Hopeful) Variable Expenses

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

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

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. Mortgage: Money lent in advance, with the understanding that you will pay back the PRINCIPAL with INTEREST a bit every month. 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.

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: *

“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

My First Month’s Mortgage Check First National Bank of America 1265.32--------- One Thousand, Two Hundred, and Sixty Five dollars and 32/100---------

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 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.

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 $575.73 $575.73 times 48 months is Total: Interest: You can get a 5% interest rate, and will have a monthly payment of $1096.78 $1096.78 times 24 months is Total: Interest: Are you a “monthly” person or a “total price” person?

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

Lifestyle by example My goal for a living lifestyle is Student22 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: Summary of plans figured and lessons learned from the Making Ends Meet Experience

PERSONAL Financial Links Reflections 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 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? Erase the questions and answer them in the spaces provided or even add extra slides.