PERSONAL BUDGETS WHERE DID ALL MY MONEY GO?. QUESTION 1 What are some examples of things you do that are influenced by money?  Where you live  How you.

Slides:

Advertisements

Similar presentations

Make Your Money Matter: Use a Budget (JAN 2013) Make Your Money Matter: Use a Budget Facilitators Name Date.

Advertisements

CITIZENSHIP, MATHS AND ICT Unit Overview Financial Literacy.

WORKABILITY III PRESENTS EFFECTIVE BUDGETING SKILLS FOR COLLEGE & BEYOND ONLINE WORKSHOP SERIES.

MAKING ENDS MEET GRADING RUBRIC STUDENTS: This is an exact copy of the sheet I’ll be using to grade your project. Use this as a tool to assess the strengths.

MAKING ENDS MEET GRADING RUBRIC STUDENTS: This is an exact copy of the sheet I’ll be using to grade your project. Use this as a tool to assess the strengths.

Principles of Investing

Calendar-Based Spending & Saving Plans Florida Saves 2020 “See Your Future Clearly” Anita McKinney, Duval County Extension Educator 1010 N McDuff Ave Jacksonville,

Accounting 3 Chapter 25 Section 3 Calculating Federal Income Tax and Completing a Worksheet.

Make sure the speakers on your computer are turned up so you can hear my voice once we begin You need to be able to hear me as well as see the presentation.

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

 basic income is a proposed system of social security, that periodically provides each citizen with a sum of money that allows the receiver to participate.

SPENDING ON A BUDGET Coach Markus. KEEPING RECORDS  Expense diary  Check register  Software program (Quicken, Excel, etc.)  Receipt files  Scanner/photos.

Creating a budget is important to ensure your financial security, monitor your income and expenses, and a way to help you save money. In order for your.

Budgeting CALM 20. Budgeting Failing to financially plan? Planning to financially fail? What is the worst financial decision that you have made in your.

STANDARD OF LIVING What measures Standard of Living? High Life Expectancy ( over 70 yrs) Good Healthcare ( Low Infant Mortality Rate) Education (High Literacy.

Budgets A simulation of the realities of balancing a budget.

The Game of Life: My Personal Financial Plan

MAKING ENDS MEET Personal Budget for Type your name or family name.

Warm Up 1750/2 1750/2 3450/4 3450/ / /450.

The Basics of Budgeting. What is a Budget? A budget is a plan for money – a breakdown of expected income and expenses for a specific period. It helps.

H233 Consumer Management Budget Expenses. Recommended Monthly Spending.

Creating and Maintaining a Budget Consumer Ed.  You'd never set out on a cross-country road trip without consulting a map.  Likewise, you can't expect.

September 9- BUDGET UNIT: SEPTEMBER 9. How do you budget your expenses? If you do not budget, explain why….. BELLWORK: 9/9.

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: Knowledge, Security, Confidence Budgeting.

Budgeting basics. Gross income The amount of money BEFORE TAXES!!!!

Budgeting Your Future. Why Budgeting Is Important  Over a third of Americans are in debt with an average debt of $5,200  Creating a budget can help.

Setting Financial Goals

BUDGETING. Budget Categories  Income--$$$ coming IN  Expenses--$$$ going OUT  Fixed  Flexible  Discretionary  Savings (10% of income)

Do Now 1)What is a budget? 2) What is the purpose of a budget?

Warm-Up--What Do You Know About Budgets? Use a Word table to create a KWL Chart (or copy and paste one from an earlier activity). What do you know? What.

Student Name Living on My Own May 30, Income Your employer Job title Job responsibilities Earnings If you are a student, where you get the rest.

Unit Three Budgeting Students will learn the importance of creating and maintaining a personal budget. Students will create personal budgets and evaluate.

6.3 Your Budget Worksheet. Section 6.3 Your Budget Worksheet  Goals: Identify steps you should take to create a budget worksheet. Explain common problems.

Budget Project Expenses House/Rent 28% Utilities 5% Food 18% Car Payment 12% Taxes 16% Savings 5% Entertainment 5% Other 11%

Instructional Materials Example 1 Good & Poor Management Video – Storyboard Marla Everson –D2 Happy people living a good life and enjoying the benefits.

Millionaire Words to Know. scarcity  Scarcity is when there is not enough of something to go around.

+ Chapter Vocab and notes + Vocabulary Budget matrix – a chart that shows expenses.

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

Chapter 16 Planning a Budget. Why It’s Important Budgeting techniques help you keep track of where your money goes so that you can make it go further.

BUDGETING, SCHMUDGETING…WHY DO I NEED A SPENDING PLAN? By Julie Chapman for.

CAREER BUDGET NAME 2014 – 2015 CAREER?. CAREER Career Qualifications: Entry Level Pay: Education Loan Payment: Location: Employer: Insert Career Image.

BUDGETING Short and long term goals Figuring monthly income Categorizing spending.

Part A: The Basics of Budgeting. What is a Budget? A budget is a plan for money - an estimate of expected revenues and expenses for a specific period.

B UDGETING 101. W HAT ARE YOUR FINANCIAL GOALS ? What kinds of items would you like to purchase? Do you plan to pay for a college education? Do you want.

YOUR FINANCIAL WELLNESS A great way to help you have a better relationship with your money.

USING THE BANK INDEPENDENT LIVING NOVEMBER 4, 2015.

Personal Budgets. A personal budget… is a plan for raising and spending your own money. tells you exactly where your money goes. helps your expenses meet.

Part A: Budgeting. What is a Budget? A budget is a plan for money, estimate of expected revenues and expenses for the future. Helps to determine if you.

Mr. Stasa – Willoughby-Eastlake City Schools ©

Decisions work: career, job, wage or salary, skills, and entrepreneurship. Gross pay is before taxes and deductions and net pay is after. Education: college,

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

December 1, 2015  Entry task: List two advantages to having a high credit score. List two disadvantages to having a low credit score.  Target: Identify.

Laura Capellan 4 th Block.  A radiology technician makes about 52,000 dollars a year  After taxes the monthly income would be 3,340 dollars  Needing.

What would you buy if you had… $1 million? $1 billion? $17 trillion?

Managing Your Money 1/19 I can…  Explain my sources of income.  Explain how to make a plan for spending and saving money (budget) BW….  Paying for part.

The Art of budgeting.  What is the dumbest thing I have done with my money and what did I learn from it?

Per$onal Financial Literacy 101 MR. KNIGHT HRMS. Financial Literacy – the ability to understand how money works in the world. How someone makes it, manages.

Money. How much money does a third grader need to “live” on for each month?

Building Your Own Budget  Where will you be next year? (college or working) ______________  If working, how much do you think you’ll make a year? ________________.

Welcome to Reality Town 2005 ©2004 West Hills Middle School.

Spending Plans Advanced Level G1 © Take Charge Today – August 2013 – Spending Plans – Slide 2 Funded by a grant from Take Charge America, Inc.

Making a Budget 7 th & 9 th Grade FACS. How much money do you spend each week?

+ Monday 5/11/16 Today we are starting Personal Finance! Set up the next page in your ISN and add it to your TOC. Fill in each heading skipping at least.

How much money will I need to live?

Budgeting Your Money.

How to Spend Retirement Money. Total Your Annual Housing Costs.

More Budget Practice Financial Literacy.

Budgeting Your Money.

Presentation transcript:

PERSONAL BUDGETS WHERE DID ALL MY MONEY GO?

QUESTION 1 What are some examples of things you do that are influenced by money?  Where you live  How you get around  What you do with your free time  Whether you work and what kind of job you have

WHAT IS BUDGETING Well managed money makes life easier Poorly managed money causes stress Budgeting – Getting in control of what you spend; Can prevent downward spiral into debt

QUESTION 2 How do you know where your money goes?

BUDGETING STEPS 1.List all monthly payments. 2.List every cent you spend for 1 month 3.Group everything into categories 1.Food 2.Transportation 3.Entertainment 4.Personal Care

BUDGETING STEPS 4. Make a chart like the one I’ve handed you. 5. Fill in column 2: Current Expenses 6. Come up with ways to lower the amounts 7. Enter smaller amounts in column 3: New Budget 8. Total expenses from column 3: New Budget to see if it matches your income

TODAY’S ASSIGNMENT 1.Pick up a new budget sheet from the tray. 2.With a partner you are going to save some money on your budget. You are currently $320 over, and need to find a way to cut that out of your new budget. 3.Adjust the totals from column 2 so that they add up to $2,000 exactly. 4.On the back of the paper explain what you would to do save money in that category. EXAMPLE: To save $30 on gasoline I will ride my bike to school once a week. 5.When you are done turn it in to the tray. THIS WILL BE ONE OF YOUR GRADES THIS WEEK!