$198 Million $1.98 Billion $19.8 Billion $198 Billion A B C D Learn Money Week WELCOME! How much is Mark Zuckerberg, the creator of Facebook worth? Mark is the youngest self made billionaire

McDonalds Amazon Walmart Microsoft A B CD Which of the following companies had the largest income last year? Walmart makes more money than Norway

Jay-Z and Beyonce Knowles David and Victoria Beckham Angelina Jolie and Brad Pitt Kim Kardashian and Kanye West A B CD Which of the following couples is worth $1 billion?

$160 Million $30 Million $300,000 $0 he passed away in 2009 $160 Million A B CD How much money did Michael Jackson make last year? All this money now goes to his children in the form of inheritance

There is more Monopoly money printed in a year, than real money printed throughout the world. The amount of money in a Monopoly game is $15,140

Why Save? £400 £230 £30,000 £1,500 £250,000 £10,000

What is Interest? A % reward for saving, or a % charge for borrowing If at 12 you started saving £10 a month at home, you would have just over £2000 by the time you were 30. If you saved it in a bank you could have over £3,500!!!

Pensions work in a similar way Based on average savings there is a massive difference between starting a pension at 20 and leaving it until you are 30.

If you saved £2.50 every day from the age of 14 in a savings account with 8% interest, you'd save £1 million by the age of 70!

Is Interest the only way? Interest, also known as riba, is forbidden in the Islamic faith. A Muslim cannot lend money to, or receive money from someone and expect to benefit. Instead they work under Sharia Banking, where the money is put into a different kind of agreement. The customer and bank share the returns as well as any risks involved. All amounts are decided in advance.

Why Borrow? £400 £30,000 £1,500 £250,000 £10,000

Borrowing When working out if you can afford to borrow money, always look at these 3 things Amount How Long (term) Interest Rate % £ Year 9.9% You would end up paying back £ N.B. Those are Annual Percentage Rates because most personal loans calculate interest monthly on the remaining outstanding principal of the loan

Borrowing When working out if you can afford to borrow money always look at these 3 things £ Year 22.9% You would end up paying back £ Amount How Long (term) Interest Rate %

Borrowing When working out if you can afford to borrow money always look at these 3 things £ Years 9.9% You would end up paying back £ Amount How Long (term) Interest Rate %

Borrowing When working out if you can afford to borrow money always look at these 3 things £ Years 22.9% You would end up paying back £ Which do you think is the best deal? 22.9%£ % £ £ Years £ Years Amount Term Interest rate % £ Year22.9%£ Total repayment £ %£ Year Amount How Long (term) Interest Rate %

Impact of debt

Where could you borrow money from? Bank Family + Friends Credit Cards Credit Union Microfinance Loan Shark

Money Marathon Roll the die and see what square you land on – follow the instructions written on the sheet. The winner is the first person to reach the Finish Square!

What is the definition of Interest? How much would you have to save a day to become a millionaire? What does the bank do with the money savers put in? RECAP

Thank – you! RECAP ££££

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