Apprenticeship Toolkit Session 5: MONEY MATTERS! 1.

Slides:

Advertisements

Similar presentations

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,

Advertisements

 Chase Banking Maci Lemons. Getting Started  All you need to get started is a bank account with Chase  You can download the app on your smartphone.

Present Value of an Annuity; Amortization (3.4) In this section, we will address the problem of determining the amount that should be deposited into an.

Payroll This product features are, you can entry the details of Departments, Cadres, Categories, Employees, Banks etc of your firm. Also for maintain attendance,

Personal Finance.  Salary: Money paid to an employee on a regular basis  Withheld: Money held to pay taxes.  Deposit: Money that is put into your bank.

Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.

Money and Banks.

LSP 120 Financial Matters. Loans  When you take out a loan (borrow money), you agree to repay the loan over a given period and often at a fixed interest.

Teen Living Objective Identify Sources of Income and Types of Spending.

CALCULATING THE COST OF TOTAL CREDIT Personal Finance.

1 Payment Systems Funds Availability. 2 Basic concepts We have learned: A bank only has to pay a check if it is authorized by the customer and there is.

Financial Maths Chapter A and B – purchasing goods (simple interest) and buying on terms.

Where should i put my money? Types of Accounts Checking? Savings? Under the mattress?

Worshipful Company of Tax Advisers

All payslips contain the following information: Employers Name Your Name, Date of Payment National Insurance Number Tax Code Payment Method (BACS, Cash,

Business Final Steps First Steps Research your Market Research your Business Set up your Business You and your People Financial Projections Fund your Business.

Topic 6: Understand the Purpose of Bank Statements

Financial Literacy By. What I Know about Savings.

Loans and Investments Lesson 1.5.

The Arts in Wales – part 2 On a visit to the Plas Glyn y Weddw Gallery, in Llanbedrog near Pwllheli, Carys has fallen in love with a painting. It costs.

Research for Monday Night – Your Own Research Housing values Cars values Interest Rate for Cars, Houses, Savings, and Retirement Accounts – Bring your.

Interest on Loans Section 6.8. Objectives Calculate simple interest Calculate compound interest Solve applications related to credit card payments.

PLVS STUDY GUIDE. UNIT 1: FINANCIAL PLANNING Financial Literacy: Is the ability to plan, read, and understand financial information. Also knowing how.

Credit and Banks How does credit work and what do banks do?

© 2012 Fruition Horticulture There are some basic terms you can expect to see on a New Zealand payslip. Click on the picture on the right to access an.

Aim: Money Matters – Effective Rate & APR Course: Math Literacy Aim: How does money matter? The lowdown on interest rates. Do Now: Annie deposits $1000.

Occupation- Teacher High School New York City Starting Salary: $42,000 a year plus health benefits, dental, and optical coverage Average monthly salary.

Chapter 2.8 PAYROLL APPLICATIONS.

Credit Intro Review  Define Credit  What is interest?  How to stay out of credit debt?!  T or F : A payment is counted as a charge in the transaction.

DO NOW: Why do we have banks?. Banking Services 7.1 How Banks Work.

Personal Finance – Unit 302. Learning Objectives By the end of the session you will: 1.Understand the advantages and disadvantages of borrowing money.

2 You Will Know Major types of insured financial institutions Basic banking terms Differences between banks and check-cashing services Bank employees.

CREDIT….HMMMM! By Julie Chapman for. CREDIT IS THE ABILITY TO BUY NOW AND PAY MORE LATER! TRUE?FALSE? PAYMENT OF INTEREST IS USUALLY A PART OF USING CREDIT,

Business Administration & Management Mr. Bernstein Services Banks Provide to Businesses, pp May 18, 2015.

$200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 Budget, Yeah I am going to need that I am going.

What does this mean to you?. FCS 7 TH GRADE Money Management.

© Oklahoma State Department of Education, All rights reserved. 1 Standard 3. Finding Financial Services.

DEBT MANAGEMENT CHAPTER 4, SECTION 5. I CAN… Analyze a credit card account when minimum payments are made. Calculate debt-to-income ratio.

Simple Interest. Simple Interest – * the amount of money you must pay back for borrowing money from a bank or on a credit card or * the amount of money.

FINANCIAL STATEMENTS Part 13. Lesson Objectives To be able to identify financial Statements. To be able to describe the purpose of financial statements.

Checking Savings BANKING. Checking Account 90% of transactions involving money are made through some form of debit.

Financial Literacy Buying a Car.... Finance Options: Savings – Put a regular amount into a Bank Account each month. Expect to receive around 2.75% interest.

B13: I can find the new balance on a credit card statement.

Stakeholders Inland revenue Banks Shareholders Employees Suppliers Customers.

September 28, 2011 Objective: Students will identify the purpose of a checking account.

PRESENTATION Open an account in a bank. What is Debit and Credit card? Debit card You’ll be issued with a “ Debit card “ when you open an account Debit.

Skinted or Minted Learning Objective: What does your payslip mean? How can you budget your money?

Main Menu. Login & Company Selection Main Screen Masters Transaction Lists Vouchers Reports Fas Reports Utilities.

Unit 03: Personal Finance Performance Indicator 1) Mark has opened a snow cone stand on property he recently purchased. The following information needs.

THIS IS With Host... Your Column A AColumn B BColumn C CColumn D DColumn E EColumn F.

Unit 4 Standards FACS-CF-5 e-j. Unit 4 Evaluate the terms and conditions of credit cards. 1.

Cost of Borrowing Money Outcome C2: Explore the effects of parameter changes on the cost of borrowing money.

Interest Rates and Borrowing Be a $mart consumer..

Aim: Money Matters: Home Ownership Course: Math Literacy Aim: How does money matter? Home ownership – the big Kahuna! Do Now:

1. Financial mathematics  Compare differences between credit cards and debit cards  Calculate the simple interest for one billing cycle  Express a percentage.

JA Our City Name Title Company. Session 1 Our city: A Place Where People Live, Work, and Play 1.

Using Credit Wisely. Credit  Credit is a sum of money a person can use before having to reimburse the credit lender.  It allows a person to receive.

Remuneration GCSE Business and Communication Systems 1 Business and Communication Systems.

N4 LS 11-Jun-16Created by Mr. Lafferty Maths Dept. Banking Credit versus Debit Cards Borrowing Money Simple Interest Exam Type Questions.

Definition 1 True xFalse 2 Know the definition ? 3 Know the definition? 4 Know the definition?

Managing Personal Finance – Unit 402. Learning Objectives By the end of the session you will: 1.Create a budget plan to track your finances 2.List the.

Career Development 11 Module 3.  If you earn $1500 a month after taxes, then your net income in one year is…  12 x 1,500 = $18,000  Calculate 20%

How To Choose Your First Credit Card. Do you have a credit card?

How to Improve Your Credit Score Who Determines your Score? Three Credit Bureaus:

Chapter 14. Banking  Do Now  What do you think banks will be like in 15 years?

PRE- TEST #1 What is the function of the Federal Reserve System?

1 Getting a strong start Money Management A project of Consumer Action | Funded by Consumer Action’s Money Management Project.

Steps Into Work Steps Into Work

Who Determines your Score? Three Credit Bureaus:

Presentation transcript:

Apprenticeship Toolkit Session 5: MONEY MATTERS! 1

Agree or Disagree? Look at the statements on your handout and decide if you agree with them or not. Why? 2

SESSION 5: AIMS AND OBJECTIVES By the end of the session you will be able to: Understand what’s important when choosing a bank account Understand how tax and national insurance are shown on your pay slip Understand the costs of using a credit card or loan, and calculate interest payments 3

Your payslip Who gets one? What must it include? 4

5

Having a bank account Why it’s helpful Choosing the right one 6

Credit cards & loans: Deal or no Deal? 7

And finally…. …a word about your rights as an Employee. 8

??????? Any questions? 9