Decision Making TODAY YOU WILL... HAND IN YOUR NEFE BOOKS PRACTICE STRATEGIES TO HELP YOU BE MINDFUL ABOUT MAJOR SPENDING DECISIONS ©2012 National Endowment.

Slides:



Advertisements
Similar presentations
NEFE High School Financial Planning Program
Advertisements

2.1.4.G1 Setting Financial Goals Advanced Level. © Take Charge Today – August 2013 – Setting Financial Goals – Slide 2 Funded by a grant from Take Charge.
Gift With Purchase. Customer Requests When is your next gift? I received a postcard and I want my gift and my Wrinkle Smoother I just purchased $150 and.
© South-Western Educational Publishing Chapter 20 Personal Decision Making  Making Better Decisions  Spending Habits.
Selecting Insurance SELECT INSURANCE FOR A SPECIFIC CIRCUMSTANCE 1 ©2012 National Endowment for Financial Planning | Lesson 6-3: Selecting Insurance.
NEFE High School Financial Planning Program Unit One - Your Financial Plan: Where It All Begins Financial Responsibility and Decision Making: Where It.
Career Preparedness Personal Decision Making. Objectives: Demonstrate knowledge of opportunity costs. Demonstrate knowledge of tradeoffs. Demonstrate.
YOUR FINANCIAL PLAN: WHERE IT ALL BEGINS. “Most people don’t plan to fail… They simply fail to plan!”
Using Credit TODAY YOU WILL EXAMINE REASONS WHY PEOPLE USE CREDIT. ©2014 National Endowment for Financial Education | Lesson 2-1: Using Credit 1.
Money Habits TODAY YOU WILL... EXPLORE HOW SPENDING, SAVING, AND VALUES IMPACT YOUR FINANCES. NEFE High School Financial Planning Program® ©2012 | Lesson.
3/12/15 BR – Describe the process you go through (if any) when it comes to making a choice about buying something. For example, if you were going to buy.
1 Investing in your Education. 2 Postsecondary Education is an investment in YOUR future!
Cash Flow TODAY YOU WILL... FIGURE OUT WAYS TO MAINTAIN A POSITIVE CASH FLOW. ©2012 National Endowment for Financial Education | Lesson 1-5: Cash Flow.
BUDGETING 102: SIMPLE BUDGET 1. STUDENTS WILL IDENTIFY AND PROVIDE TANGIBLE EXAMPLES OF EXPENSES AND INCOME. STUDENTS WILL CRAFT A SIMPLE BUDGET BASED.
2/18/14 BR: Give an example for each expense Fixed: Variable: Periodic: TODAY YOU WILL... CREATE A PLAN TO GUIDE YOUR SPENDING. ©2012 National Endowment.
Learning Objectives Learn about the importance of being sensible with your personal finances Explore why people need to borrow money Understand responsible.
 Log into Moodle and complete today’s Bell Ringer REMINDER: Remember to be checking my website (not Moodle) if you were absent or didn’t get work done.
3/16/15 BR – Read over the handout. What are some spending problems that you see? How much does luck play in the author’s money problems? (c) 2012 National.
Credit Rating TODAY YOU WILL... START DOWN THE PATH TO BUILD A REPUTATION AS A RESPONSIBLE BORROWER. 1 ©2014 National Endowment for Financial Education.
BANKS AND CREDIT UNIONS 1. STUDENTS WILL IDENTIFY SAFE PLACES TO STORE THEIR MONEY AND UNDERSTAND THE BENEFITS OF USING A BANK OR CREDIT UNION. STUDENTS.
DEBT MANAGEMENT 101: PREVENTING DEBT 1. STUDENTS WILL DISCUSS THE IMPORTANCE OF BEING A SMART SHOPPER AND KNOW HOW TO PRIORITIZE AND TRACK THEIR SPENDING.
2/5/14 – Describe the difference between a need and a want
BUDGETING 201: BUDGETING WITH EXCEL 1. STUDENTS WILL UNDERSTAND THE CONCEPT AND PURPOSE OF BUDGETING. STUDENTS WILL GET FAMILIAR WITH EXCEL AND PRACTICE.
Spending Plan TODAY YOU WILL... CREATE A PLAN TO GUIDE YOUR SPENDING National Endowment for Financial Education | Lesson 1-4 Spending.
Using Credit TODAY YOU WILL... EXAMINE REASONS WHY PEOPLE USE CREDIT. 1 (C)2012 National Endowment for Financial Education | Lesson 2-1 Using Credit.
Invest in Yourself MAXIMIZE YOUR FUTURE EARNING POTENTIAL SO YOU CAN ACHIEVE YOUR DREAMS AND LIVE A LIFE YOU ENJOY ©2012 National Endowment for Financial.
2.1.4.G1 Setting Financial Goals Advanced Level. © Take Charge Today – August 2013 – Setting Financial Goals – Slide 2 Funded by a grant from Take Charge.
How Investing Works START INVESTING NOW TO REAP THE BENEFITS ©2014 National Endowment for Financial Education | Lesson 4-2: How Investing Works 1.
Chapter 7 Buying Decisions Lesson 7-1 Designing a Buying Plan LEARNING OBJECTIVES: - DISCUSS THE RESULTS OF BEING FINANCIALLY RESPONSIBLE AND FINANCIALLY.
How Investing Works START INVESTING NOW TO REAP THE BENEFITS.
“Most people don’t plan to fail… They simply fail to plan!” 1-A.
Lesson outline 1 hour Aspire lesson To broaden the students understanding of the range of roles and jobs available in the working world by a: exploring.
1.1.2.G1. What is a routine decision you have made today? A decision is a choice that affects a person’s life. Two Types: Routine Major.
HSFPP LESSON 1-1 MONEY HABITS
Spending Plan TODAY YOU WILL... CREATE A PLAN TO GUIDE YOUR SPENDING. 1 ©2014 National Endowment for Financial Education | Lesson 1-4: Spending Plan.
NEFE High School Financial Planning Program Unit One - Your Financial Plan: Where It All Begins Good Morning! Objective: Define the purpose of Decision.
Financial Tools and Technology SELECT FINANCIAL TOOLS AND TECHNOLOGY TO HANDLE YOUR PERSONAL BUSINESS 1©2012 National Endowment for Financial Education.
Money Habits TODAY YOU WILL... EXPLORE HOW SPENDING, SAVING, AND VALUES IMPACT YOUR FINANCES. ©2014 NEFE High School Financial Planning Program® | Lesson.
Make it happen Saving for a Rainy Day.
Career Decision Making
Using Credit TODAY YOU WILL EXAMINE REASONS WHY PEOPLE USE CREDIT. 1 ©2014 National Endowment for Financial Education | Lesson 2-1: Using Credit.
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
High School Financial Planning Program
HSFPP Lesson 2-1: Using Credit
Setting Financial Goals
Making decisions Making decisions activity
High School Financial Planning Program
Setting Financial Goals
High School Financial Planning Program
Setting Financial Goals
High School Financial Planning Program
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Making decisions Making decisions activity
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
Setting Financial Goals
High School Financial Planning Program
Presentation transcript:

Decision Making TODAY YOU WILL... HAND IN YOUR NEFE BOOKS PRACTICE STRATEGIES TO HELP YOU BE MINDFUL ABOUT MAJOR SPENDING DECISIONS ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 1

There’s an App for That! How many smart phone or iPad apps can you think of that help you shop smarter? What other ways do you save money or check the quality of products when you are shopping? ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 2

Preview Today we will answer these questions: What influences my spending decisions? What strategies help me take control of my spending? How does the decision-making process work? Use what you learn today to make a deliberate spending decision for a major purchase. ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 3

Marketing to Loyal Customers List examples of customer loyalty programs. Have you ever spent more money than you planned to earn more points or rewards? ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 4

DECIDE to Make a Sensible Decision D efine your goal. E stablish criteria for an acceptable outcome. C hoose two or three good options. I dentify pros and cons of the options. D ecide the best option that matches criteria. E valuate the results. ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 5

Selena’s Phone Plan Scenario Selena’s parents asked her to research options for a family cellphone plan to cover all four family members. Her older brother attends an in-state college. He has agreed to contribute $30 a month to the cost of the family plan if he can get unlimited talk and text minutes along with a data plan. Use the DECIDE steps to select a family plan for Selena. ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 6

New or Used Car? Scenario Use the DECIDE steps to select a car for your family or your own transportation. ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 7

Challenge Assignment Apply the DECIDE steps as you decide the best option for a major purchase you are considering sometime in the next six months. ©2012 National Endowment for Financial Education | Lesson 1-3: Decision Making 8