Six Weeks Ends Today! Check Focus to see if you have missing work. Resume assignments are still due- email to mark.finlay@fwisd.org Everfi modules on Saving and Banking must be completed today!

Everfi-1st Period Enter the class code- 7f01335e and click Next If you do not have an email address, you will need one. Obtain one, via Yahoo or Gmail. YOU ALSO NEED HEADPHONES/EARBUDS- BRING THEM! Go to everfi.com/register Enter the class code- 7f01335e and click Next Fill in the required information (USE YOUR REAL NAME!) and start the program with the review module. Everfi will assign you a grade for each module upon completion. The First 2 modules must be completed by April 15th You MUST be completed with ALL modules by May 20thth. We will not have access to the website after this date.

Everfi-3rd Period Enter the class code- fcb7344f and click Next If you do not have an email address, you will need one. Obtain one, via Yahoo or Gmail. YOU ALSO NEED HEADPHONES/EARBUDS- BRING THEM! Go to everfi.com/register Enter the class code- fcb7344f and click Next Fill in the required information (USE YOUR REAL NAME!) and start the program with the review module. Everfi will assign you a grade for each module upon completion. The First 2 modules must be completed by April 15th You MUST be completed with ALL modules by May 20thth. We will not have access to the website after this date.

Everfi-4th Period Enter the class code- 96d68dd5 and click Next If you do not have an email address, you will need one. Obtain one, via Yahoo or Gmail. YOU ALSO NEED HEADPHONES/EARBUDS- BRING THEM! Go to everfi.com/register Enter the class code- 96d68dd5 and click Next Fill in the required information (USE YOUR REAL NAME!) and start the program with the review module. Everfi will assign you a grade for each module upon completion. The First 2 modules must be completed by April 15th You MUST be completed with ALL modules by May 20thth. We will not have access to the website after this date.

Everfi-6th Period Enter the class code- 196366e8 and click Next If you do not have an email address, you will need one. Obtain one, via Yahoo or Gmail. YOU ALSO NEED HEADPHONES/EARBUDS- BRING THEM! Go to everfi.com/register Enter the class code- 196366e8 and click Next Fill in the required information (USE YOUR REAL NAME!) and start the program with the review module. Everfi will assign you a grade for each module upon completion. The First 2 modules must be completed by April 15th You MUST be completed with ALL modules by May 20thth. We will not have access to the website after this date.

What is a budget and why should you budget? An estimate of income and spending If you do not know how much you need/want to spend you could easily go into debt

A Little Fact The average amount of debt held by people ages 22-29 is $16,120 A lot of this debt starts in college with student loans Be wise and budget! Do not let your expenses overwhelm you!

When You Budget… Think about Routine Expenses Vs. Non-Routine Expenses Fixed Vs. Variable Expenses Nondiscretionary Vs. Discretionary Expenses

Routine Vs. Non-Routine *Routine Expenses *Something you spend money on on a regular basis *Think about these first! *Include: Housing, debt, insurance, transportation, food, health care, and entertainment. *Non-routine expenses *Something that you do not spend money on on a regular basis *Think about things that could come up *Could be “expected” or “unexpected” *Such as Christmas gifts or car repairs I would make this slide more similar to the Fixed vs. Variable Nondiscretionary Vs. Discretionary

Fixed Vs. Variable Fixed – Stay the same Rent Car payments Mortgage Monthly Loan Payments Variable – Change from time period to time period Food Utilities Entertainment

Nondiscretionary Vs. Discretionary Nondiscretionary = Things you must buy or pay for (needs) Food Rent or mortgage Car payments Utilities Discretionary = Things that can be avoided (wants) Vacations Entertainment Designer Clothes

Assignment You will have 4-5 minutes to classify the following items into routine, non-routine, fixed, variable, nondiscretionary, and discretionary by putting a checkmark under each appropriate box We will do the first 2 together, then you will do the rest with a partner Screenshot of the template here would be helpful…

756 78 Available Balance Check # Name of transaction/who? Money going IN Date of transaction Money going OUT

Make Your Own Budget For those expenses that do not apply to you, just draw a line through the box For those expenses that you are not sure about, use the “Budgeting Approximations” sheet. For those not sure on there estimate, higher is better than lower. If you want to so this on the computer, download the ‘Budget Worksheet’ from: Itslearning- Mark Finlay- Economics- Personal Finance folder Email to mark.finlay@fwisd.org I think formatting here would be helpful. Can you borrow calculators for this? It might be easier. I’m a little worried about clarity in directions here – could screenshot the template and use arrows as well?

Example LEAVE BLANK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! x x x

Bank Routing Number Bank Account Number Signature Your Name & Address Check Number Who is the check for? Amount in numbers What is the check for? (This is to remind YOU only & is optional) Amount in words Bank Routing Number Bank Account Number Signature