What has happened? Couple received a 20% raise What has happened? Couple received a 20% raise They have paid off the car.

Slides:



Advertisements
Similar presentations
2 Accidents And Illnesses Are Facts Of Life. They Can Happen To Anyone At Any Time.
Advertisements

Earning Money  What is income and what are 3 possible sources?  Income is money that you have available to you to spend  3 sources: babysitting,
Amortized Loans (MAT 142) Amortized Loans.
Calculating Simple Interest
College Algebra Fifth Edition James Stewart Lothar Redlin Saleem Watson.
Chapter 5 Section 5.4 Amortized Loans. An amortized loan is a type of investment (for the loaner) in which the amount of the loan, plus the interest is.
Finance Week This week you will be….. This week you will be….. Lesson 1 “What Job?” Choosing a job Calculating your “take home” salary Lesson 2 “Where.
Unit Home Ownership Learning Objectives: Understand the three requirements to buy a home How to calculate debt-to-income ratios Realize how home.
Income and Expenses. Income Income from work A. Wage – money paid by the hour or unit of production. B. Salary – money paid on a weekly, monthly, or yearly.
Buying a House with a Mortgage College Mathematics Section 11.5.
Managing Your Money Personal Finance. Disposable Income.
Q3: Ms. Rigsby made a $40,000 down payment on a $165,000 house and took out a 20 year mortgage (at 6% compounded monthly) on the balance. How much will.
Salary $100,000  Choose a name for your group.
BUY A HOUSE HOW MUCH HOUSE CAN YOU AFFORD?. GROUP 5 ERICA MCMILLAN- BRADLEY ELLIS – PILAR GONZALEZ.
Budget Template Names. Occupations Job 1 Salary Any benefits? (Company car, free food, discounted air travel?) Job 2 Salary Benefits?
Coming Up…Two Big Purchases! Having a place to live, and a way to get from home to work are both necessary. In the near future you will be facing two.
Ms. Naira. How much did I Pay? Use Straight line method Assume I purchased an IPod that I plan to use for the next 4 years. If I estimate a salvage value.
Section 4C Loan Payments, and Credit Cards Pages C.
MONTHLY PAYMENTS The situation – Buying a Car  You want to buy a car that costs $10,000 and are planning on putting $1,000 down. Pretend it’s a.
Bell Quiz Why did more Americans start living on Credit?
Back to the Future GDP, Unemployment, etc..
Section 1.1, Slide 1 Copyright © 2014, 2010, 2007 Pearson Education, Inc. Section 8.5, Slide 1 Consumer Mathematics The Mathematics of Everyday Life 8.
Preparing Lifelong Learning Personal Finance:.  Personal Finance word search.
Unit 4 Creating a Budget. Objective(s) What is a budget? Activity – Pair up with someone in the room and sit with them and prepare to begin the budgeting.
Teens lesson three the art of budgeting presentation slides 04/09.
Interest (ing) Notes How to Calculate Simple Interest 2/11/10 Pre-Algebra.
Financial Literacy Michael Bernard, CFP, ChFC, EA.
I went to the store to buy a house and it cost: $35,000 It was on Sale Discount 40% off.
Lesson3: Mortgage Payments Amortization = How long it takes you to pay off the house, ex: 10, 20 years or more. Down Payment = 1 st cash payment of at.
Home Buying Case Study By Anthony Salazar. Apartment 2 bedroom 1 bath $199 deposit 9-12 month lease option $ per month.
 the ability to borrow money in return for the promise of REPAYMENT  Before using credit you should ask your self:  Is it a want or a need?  Do you.
Expenditure. Opportunity Cost Is making a decision/choice based on limited/scarce resources. The item not selected is the opportunity cost- opportunity.
Making work pay in London under Universal Credit.
Team #4 Personal Investing Options-Buying a House Stephen Tran- Organizer Shake Babakhanyan- Techie Paige Lewis- Summarizer.
What is a dividend?. Let’s say you bought an Investment property. You paid $400,000 and get $400/week rental income. (That’s $400x52 = $20,800 p.a.)
© South-Western Educational Publishing Chapter 8 Budgets and Financial Records Budgeting and Record Keeping Filing Systems Budget: Keeping track of income.
Welfare Rights Training 2010 INCOME MAXIMISATION What’s this all about? The ability to listen, fact find, and notice that something is missing, advise.
Mortgages. Almost everyone who buys a home requires a loan from the bank. A mortgage is repaid over a set length of time, known as the amortization period.
PERSONAL FINANCE Financial planning for individuals. Generally, it involves analyzing your current financial position, predicting short-term and long-term.
Bellwork Vanessa gets paid bi-weekly. She is always paid on the 1 st and the 15 th and earns $ She needs to pay the following monthly expenses.
College lesson one the art of budgeting. College – Lesson 1 - Slide 1-A the budgeting process phase 1: Assess your personal and financial situation (needs,
What’s The Cost? How much?  Refer to your home work :  What other costs are there?  How much does that come to per month?
CALCULATING NET MONTHLY INCOME. STEPS TO CALCULATING NET MONTHLY INCOME Step 1: Pay Rate X Hours Worked = Gross Weekly Income Step 2: Gross Weekly Income.
Buy Now, Pay Later – Where’s the Catch?. What do you think...  If you ever wanted to get a loan or a credit card what would you have to do?  Could you.
The dinghy is for sale in a boat shop for $2700 but by paying cash Greg can save 20%. 20% of $ ÷ 100 x 2700 = – 540 = 2160 The cash price.
Budgeting – Your Goals. the budgeting process phase 1: Assess your personal and financial situation (needs, values, life situation). phase 1: Assess your.
Sit at the desk Get something out to write with. You will need to take notes! Answer Question on Handout.
Goal Setting Guidelines. well-written personal and financial goals SHOULD…
Lesson 7.  Design a direct mail campaign based on market segments to gather information about specific customers  Identify survey segments and their.
Copyright © Cengage Learning. All rights reserved. Sequences and Series.
Series – Mortgage & Savings Question - You decide to buy a house and take out a mortgage for £60,000, at a fixed interest rate of 5% This 5% interest is.
The Art of budgeting.  What is the dumbest thing I have done with my money and what did I learn from it?
Algebra 3 Lesson 1.6 Objective: SSBAT write equations that model real life data. Standards: M11.A.2.2.1, M11.D and M11.D
Journal #12 How are citizens and businesses taxed in the U.S.? Think of any thing that we as citizens or business owners pay taxes for in the U.S. Feel.
Shifting Demand. Demand Increases  Demand Curve shifts right Demand Decreases  Curve shifts left.
Choices in Housing and Transportation: Live, Work and Play in Calgary.
HOME BUYING. How Much Can You Afford? Monthly payments – 28% of Gross Income Price of Home – 2-3 X Gross Income Gross Income – total income before taxes.
Learning Objective # 3 Estimate your retirement spending needs. LO#3.
Reality Budget. Housing Options (if you are buying): 3 Bedroom, 2 bath 1520 Sq. Feet –$1400 month –$280 utilities –$185 property taxes –$100 homeowners.
Section 163 – Deductibility of Interest. Section 163(a) states: “There shall be allowed as a deduction all interest paid or accrued within the taxable.
Application Of Indifference Curve Analysis Price Discount and Subsidy in Kind.
Inflation & Consumer Price Index 1. Goal for Countries: LIMIT INFLATION Country and Time- Zimbabwe, 2008 Annual Inflation Rate- 79,600,000,000% Time for.
The Impact of the Business Cycle Unit 27. Objectives Understand that economic activity tends to rise and fall. Understand that changes in the level of.
SS.8.FL.2.5 Discuss the fact that people may revise their budget based on unplanned expenses and changes in income.
If My Life Started Today
Unit 3 Review (Calculator)
C.2.10 Sample Questions.
C.2.8 Sample Questions.
Calculate 9 x 81 = x 3 3 x 3 x 3 x 3 3 x 3 x 3 x 3 x 3 x 3 x =
C.2.8 Sample Questions.
Presentation transcript:

What has happened? Couple received a 20% raise

What has happened? Couple received a 20% raise They have paid off the car

What has happened? Couple received a 20% raise They have paid off the car And…..

What has happened? Couple received a 20% raise They have paid off the car And….. Since they will be buying a house they no longer need to pay rent!

Sample Calculation Suppose that your couple has the following:

Sample Calculation – Promotion

Sample Calculation – New Disposable Income

How much house can I afford?