VOCABULARY prehistoric – In prehistoric times, some people used shells as money. before human beings recorded events in writing standard – Long ago, food.

Slides:



Advertisements
Similar presentations
What is Consumer Credit?
Advertisements

World of Credit By: Kunal Jolly. What is Credit? Credit mean that you have an opportunity to use someone elses money to meet your own requirements.
Copyright, 1996 © Dale Carnegie & Associates, Inc. BANK ON IT Money Smart Course Indiana Department of Financial Institutions.
Effects of IT on Supermarkets The Kingsway School.
INTEREST What does that mean?. What interest would anyone have in lending you money?
 Take a few minutes to look over your notes if you need to take/retake yesterday’s Quiz › Use the resources on Moodle to help you study › We will do a.
Credit Cards. CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company.
Spontaneous Sponsoring
Using a Bank or Credit Union consumer.gov. Why use a bank? A bank is a place to keep your money safe A bank’s services include: – checking accounts and.
05 – 04c Percents.
WE’RE IN THE MONEY! Incorporating life skills math through a token economy system of behavior management by Mrs. Champagne.
Personal Money Management Choices
TYPES OF CREDIT Credit Cards and Loans. Types of Credit There are many different sources of credit These sources have loans of varying lengths. Banks.
Credit Cards An Introduction “Hi! Nice to meet you!”
Comparison Shopping. Shopping Shopping is what you do when you spend income (money you have earned). You can do this in a variety of ways: a. In Store.
CLASSROOM ECONOMY ROOM 205. WHAT WILL WE DO? We will:  Earn money from working our classroom jobs;  Earn bonus money for doing well;  Lose money for.
Financial Institutions, Checking Accounts, and Credit Lesson 3.
The student will explain personal money management choices in terms of income, spending, credit, saving, and investing.
Economics: Principles in Action
LEARNING ABOUT FINANCIAL SERVICES. What is a Financial Institution? §An organization that provides services that everyone needs to manage money (p 57)
CHECKING, SAVINGS, AND INVESTING MANAGING YOUR MONEY.
Economics Paycheck.
Consumer  Someone who purchases good and services Examples of goods vs. services Example of how you are a consumer Can the government be a consumer?
Personal Financial Literacy Lesson 2 Review 1. Which of the following is an example of investing? a. Putting money into a piggy bank at home. b. Saving.
Unit 03: Financial Literacy Vocabulary. Available Balance The amount available in an account for a person, business, or organization to spend. How much.
Name__________________________________________ 1. Which of the following phrases means “the ability to understand how to manage your money”?  Minimum.
Schedule  An organized written plan to help reach your goals within a certain period of time.
Family Economics & Financial Education G1 © Family Economics & Financial Education – Revised October 2004 – Credit Unit – Selecting a Credit Card.
Objectives: -List and discuss types of earned income, such as wages, salaries, tips, and commissions. -Discuss the advantages and disadvantages of self-employment.
Payment Methods and Credit. In This Lesson: 1.Compare the advantages and disadvantages of using various payment methods. 2.Differentiate between a debit.
Chapter 6 Consumer Credit
Credit and Banks How does credit work and what do banks do?
CANKAYA UNIVERSITY OFFICE OF BASIC AND ELECTIVE COURSES -ENGLISH UNIT-
Personal Money Management Choices
Someone who is willing to take the risks involved in starting a business. Entrepreneurs believe that the rewards of starting a business are worth the risks.
1 Hello. What will we learn today? What will we learn today? Describe the functions of financial markets Unit: Money and Banking Day 2 What have.
Personal Finance. Financial Planning EarningSavings Spending Investing Tax Planning Retirement Planning Estate Planning.
1. Which is defined as a financial plan that allocates income towards expenses, savings, and debt? A. Portfolio B. Insurance C. Budget D. Savings account.
Indiana Department of Financial Institutions BANK ON IT Money Smart Course.
7 TH GRADE Personal Finance. Piggy Bank? Has anyone ever saved money? Or maintained a budget of any kind?
Unit 5: Taking Care of Business Theme 10: Money Matters
Money Objectives Describe the three uses for money
LaHistory Making a Living in La.. Jobs in La Wages are the amount of money a person earns for each hour they work. Congress sets the minimum wage ($6.55.
Personal Finance. Warm Up 1) What kind of information can be found in a paycheck? 2) What deductions do you think are made to your salary? Be specific.
Personal Budget Vocabulary. Personal Budget Estimate of costs, income, and resources over a certain period of time. Step 1: Identify how much money you.
What is Junior Achievement? A nonprofit dedicated to teaching students about: managing money working at a job owning a business.
Social Studies Unit Economic Understandings By Ms. Cuthrell.
CHAPTER 24 Money and Banking. Functions of Money Medium of Exchange Store of Value Measure of Value.
Chapter 10SectionMain Menu Money is anything that serves as a medium of exchange, a unit of account, and a store of value. What Is Money?
WHERE DOES YOUR MONEY COME FROM?. FORMS OF INCOME Earned Income Money you earn while working Subject to taxes Several different forms Depends on your.
Lesson 7-2 Getting Started with Credit Learning Objectives: - Compare the sources of credit - List and explain the benefits of credit.
The Second Industrial Revolution America Mechanizes
Unit 2 Seminar Bankruptcy Law. Credit Cards Bank Loans Home Mortgages Car Loans Student Loans Character: employers, country clubs and some colleges and.
Presentation Pro © 2001 by Prentice Hall, Inc. Economics: Principles in Action C H A P T E R 10 Money and Banking.
Personal Finance Money Management Choices SS6E4 & SS7E4
Warm Up. Homework Combine Like Terms Draw lines to separate terms From left to right, combine terms with the same variables.
Banking Keep your money safe!. Banking You started your business, now what do you do with your money? Where do you get that loan to expand your business?
JA Our City Name Title Company. Session 1 Our city: A Place Where People Live, Work, and Play 1.
© 2015 Brain Wrinkles SS6E4 & SS7E4 Money Management Choices.
JA Our City 3rd Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company.
How ever long it takes you to sit down after the bell is how long we will be staying after class FYI.
Mastering Money  Money is anything you exchange for goods or services.  Cash is the money made out of paper (dollar bills) and metal (coins).  Electronic.
Chapter Money. Section Preview Three basic functions of money Three basic functions of money The characteristics of money The characteristics of.
Responsible Earning, Spending, Saving, and Borrowing
Pre-Intermediate Lesson 29
Unit 8 Income Terms & Definitions
Where does your money come from?
Do you like to shop in the “clearance” section or find items on sale?
Responsible Earning, Spending, Saving, and Borrowing
Welcome to Who Wants to be a Millionaire
Presentation transcript:

VOCABULARY prehistoric – In prehistoric times, some people used shells as money. before human beings recorded events in writing standard – Long ago, food and animals were standard forms of payment. widely used or accepted primitive – Long ago, some people used stones as a primitive form of money. of or relating to early human culture shortage – I have plenty of pennies, but a shortage of dollar bills. a lack of something imitation – This fake dollar bill is an imitation of a real one. something that is made to look like something else function – The function of a piggy bank is to help you save money. to serve a particular purpose

VOCABULARY advantage – One advantage of using cash is that you don’t have to pay checking or credit card fees. a benefit; a plus definite – Henry’s allowance is a definite sum of money - $5 a week. exact; certain merchant – This merchant likes to be paid in cash; that one prefers checks. someone who owns or runs a business discount – Pizza Planet gives a $2 discount on large pizzas every Tuesday. an amount taken off the full price misfortune – Have you ever had the misfortune of losing some money? bad luck despite – Despite all our work on the fence, Rover still manages to get out. even with; in spite of

VOCABULARY random – The winning ticket will be drawn at random. without a plan or pattern gambling – Gambling is against the law in some states. playing games to win money option – People have the option to play the lottery or not to play. a choice temptation – Max gave in to the temptation to buy twenty lottery tickets. something that makes someone want to do something foolish or wrong replace – If you lose your winning ticket, you cannot replace it. to fill the place of something with something else concerned – Some people were concerned that lotteries cause people to waste their money. worried

VOCABULARY bonus – Rex’s paycheck included a $5 bonus for good work. something beyond what is expected employee – Three employees help Mr. Son run his store a person who is paid to do work wage – Mia earns a wage of $8 an hour. payment for work focus – Please focus on finishing your chores. to give all your attention to something support – Sondra must work two jobs to support her family. to supply with the things needed for life; to help hold up immigrant – Many immigrants come to the United States to work. a person who leaves one country to settle in another