Unit 5: Taking Care of Business Theme 10: Money Matters

Slides:



Advertisements
Similar presentations
Debt is when you owe someone money. The someone can be a bank (like a house loanalso known as a mortgage, or a car loan), OR the someone can be a credit.
Advertisements

Teaching Kids About Money
Money Mates Have a go at pairing the financial term with its related card! Variable A rate of interest that moves up and down =
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,
Georgia Studies Unit 9: Personal Finance Lesson 1: Personal Finance
How Credit Works Against Me Citizens For Responsible Lending
Warmup Why does the dollar on the left have value, while the one on the right does not?
TEST PREP 1. A. The amount you can afford to pay B. The minimum payment stated on your bill C. The minimum amount due on your debit card D. 20 percent.
Teen Living Objective Identify Sources of Income and Types of Spending.
Personal Money Management Choices
JA Dollars With Sense. Overview IntroductionsExpectations Lesson 1: Let’s Talk Money Lesson 2: Be A SMART Shopper Lesson 3: Look After Your Money Lesson.
There’s a lot to learn about money! Presented by the San Francisco Federal Reserve Bank in Collaboration with Operation Hope Why is Money Important?
By: Abigail Beed. Work For It The best way to save money is to earn money, so start by getting an entry level job (e.g. waiter, grocery store shelves.
Striving To Be Your Best: Budgeting To Be Your Best.
Unit 6 The unit of Financial Literacy. Credit card use Usually use if someone has no money. If over use may have to pay dept. Will have pay back the bank.
BLU # 19: Charge it! What’s the difference between debit and credit?
Schedule  An organized written plan to help reach your goals within a certain period of time.
Subtitle Making and Living Within a Budget. How should you spend your money? How do you spend your money?
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.
Topic 4 : Know the features of a current account.
3 rd 9 Weeks Benchmark Review Career Preparedness.
Interest on Loans Section 6.8. Objectives Calculate simple interest Calculate compound interest Solve applications related to credit card payments.
© Family Economics & Financial Education – May 2005 – Spending Plan Unit – Developing a Spending Plan Funded by a grant from Take Charge America, Inc.
2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Taxes InterestBusiness funmoneyMisc.
Day 1 Terms of the Day 1. Financial- having to do with money 2. Financial Management- how you manage your money 3. Financial Goal- something you wish.
Personal Money Management Choices
Statement of Financial Position Who is wealthier?  Ian  Income $30,00  Net Worth $45,000 Mitchell Income-$85,000 Net Worth-$28,000.
This is an overview of this presentation: Ways to earn money How to think about expenses How to track spending How to set up a budget When to use credit.
Building Bucks Basic Financial Services. Financial Institutions 3 Main Types – Banks – Credit Unions – Savings and Loan Associations (S&L) Advantages.
Personal Finance The economy in our state is affected not only by national and global markets, but is also affected by actions and decisions we make about.
Bell-ringers 2012 Life, Money, and You. February 14, 2012 __/5 Examine the value of having a process of planning how to use money. “Most people don’t.
PERSONAL FINANCE Financial planning for individuals. Generally, it involves analyzing your current financial position, predicting short-term and long-term.
© Family Economics & Financial Education – May 2005 – Spending Plan Unit – Developing a Spending Plan Funded by a grant from Take Charge America, Inc.
Budgeting and Financial Planning Why should people make a plan for how to get and spend money? What strategies can be used to do this most effectively?
Budgeting Part II. What We’ve Learned Goals – Short-term goals – Long-term goals – Intermediate goals Wants vs. Needs.
Budget Project Expenses House/Rent 28% Utilities 5% Food 18% Car Payment 12% Taxes 16% Savings 5% Entertainment 5% Other 11%
Warm UP 1.What is the difference between gross pay and net pay? 2.What is the difference between a deduction and a bill? 3.What is the difference between.
Ch. 7 Financial Literacy. Describe a financially irresponsible person : bills not paid on time inadequate basics to live comfortably spends money on luxury.
What does this mean to you?. FCS 7 TH GRADE Money Management.
Personal Budget Vocabulary. Personal Budget Estimate of costs, income, and resources over a certain period of time. Step 1: Identify how much money you.
© Family Economics & Financial Education – May 2005 – Spending Plan Unit – Developing a Spending Plan Funded by a grant from Take Charge America, Inc.
2.5 Cash receipts and payment records
Importance of Saving Income vs. Wealth.  When you hear; “The Importance of Savings” what comes to mind?  Define the difference between Income & Wealth?
ESSENTIAL QUESTION: HOW CAN SOMEONE INCREASE THEIR HUMAN CAPITAL? HOW CAN CREATING AND MANAGING A BUDGET HELP SOMEONE MAKE BETTER FINANCIAL DECISIONS?
Reading is an Investment Kindergarten Lesson
Georgia Studies Unit 9: Personal Finance Lesson 1: Personal Finance
Let’s Talk About Money & how make it makes cents!.
Pay Day Loans Need $500 Get paid in two weeks (ex Jan 23) Go to a Pay Day Lender Ask for $500 – – They want to see pay stubs – Bank Acct statements – You.
Developing a Spending Plan Financial Literacy. Introduction  Spending Plans  Income and Expense  Fixed & Flexible Expenses  Net Loss & Gain  Spending.
What is a Budget? Economics. “A Dream stays a Dream until you create a plan to make it come true; then and only then does it become reachable goal”
Personal Finance Money Management Choices SS6E4 & SS7E4
JA Our City Name Title Company. Session 1 Our city: A Place Where People Live, Work, and Play 1.
© Mark E. Damon - All Rights Reserved Directions: As you play the game, click on the TEXT DOLLAR AMOUNT that the contestant calls, not the surrounding.
Personal Finance Economics. Income This is the money that you have earned or have been given each day, week, month, or year. Often, this refers to the.
© 2015 Brain Wrinkles SS6E4 & SS7E4 Money Management Choices.
Compound Interest Does it really make a difference?
JA Our City 3rd Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company.
What you need at your desk: Social Studies Portfolio Writing Utensil (Not a Red Pen) Leave Everything Else in Your Backpacks.
KENTUCKY AGRICULTURAL EDUCATION RECORD KEEPING INSTRUCTIONS & EXAMPLES 1. I can describe how to access my finances in AET. 2. I can accurately record new.
Personal Finance Unit: Banks, Credit, and Credit Unions.
SS.8.FL.2.5 Discuss the fact that people may revise their budget based on unplanned expenses and changes in income.
Personal Finance.
PERSONAL FINANCE.
Money Management Strategy Personal Financial Statement
Entrepreneurs An entrepreneur is a person who takes a risk to produce goods and services in search of a profit Entrepreneurs are valuable to the economy.
Personal Money Management Choices
Why is Money Important? There’s a lot to learn about money!
Welcome to Who Wants to be a Millionaire
"If you don't know where you are going, ANY ROAD will take you there."
Personal Finance Banking and Saving.
Presentation transcript:

Unit 5: Taking Care of Business Theme 10: Money Matters

strategy- a detailed plan You can have a strategy for reading, playing a game, or taking a test.

decorate- to change the appearance of something Many kids decorate their bedrooms with pictures and posters.

income- the payment that someone receives A person might receive a weekly or monthly income for the work that he or she does.

payment- an amount of money that is paid for something There are many different forms of payment, such as cash, a credit card, or a check.

errand- a short trip that is taken in order to complete a task This Saturday my mom has many errands to run.

fee- the cost of a service or membership The fee to enter the soccer tournament is $

invest- to put money or time toward something If you invest your money in the stock market, it could increase or decrease.

personal- an item that belongs to someone The items in his backpack are personal.

borrow- to use something and then return it Yesterday I borrowed a rake from my neighbor so that I could complete my chores.

budget- a plan for saving and spending money I have a great budget, that allows me to save money.