Good Sense: Money Management.

Slides:

Advertisements

Similar presentations

Components of Effective Management 1.00: Analyze ways to manage personal and material resources to achieve goals 1.01: Outline elements of effective management.

Advertisements

My Life Now. Occupation Where you work? What you make an hour? What is your Gross Income? What is your Net Income? Explain how you get paid; weekly, biweekly,

He runs out of money each month before all of his expenses are paid

Reality Check How much do you need to make to support your standard of living?

Budgeting II. What is a Budget? A plan for spending and saving money Most people think budgets are: –Rigid and inflexible –Painful – who wants to eat.

P h o t o g r a p h y M a d d y F i e n e. I n f o r m a t i o n Photography is the process of taking pictures of people, places and things. Photography.

STEP 5: INCOME & EXPENSE STATEMENT Reality Check Project.

Budgetwi$e Love your Money Jayne McBurney, MS Family & Consumer Sciences Agent NC Highway 210 Smithfield

Economics Project By Emma Weidig, Sam Myers and Ned Bishop.

What is your chosen career? Choose the career that you want and could achieve with your current grades as an average. Name of Career: Average salary: Educational.

Money Management: Part 1. Homework (Passport page 18)

Budgeting What is a budget? What are characteristics of a budget? Why do you need to budget?

What job do you want, do you have the grades and determination to make it there?

 Received an Associate’s Degree.  The degree effects how much money received.  The more money made from a job, the higher yearly taxes are.  Chose.

GOOD $ ENSE: MONEY MANAGEMENT FOR THE INDEPENDENT TEEN.

MANAGING YOUR MONEY Budgeting for the Real World 1.

A plan for how to spend your money What is a budget?

Intro Blaine, MN Campus Brooklyn Center, MN. Campus Moorhead, MN Campus Plymouth, MN Campus Richfield, MN Campus Rochester, MN Campus Shakopee, MN Campus.

Budgeting. What is a Budget? A plan for spending and saving money Most people think budgets are: –Rigid and inflexible –Painful – who wants to eat Top.

WHERE DOES THE MONEY GO? A Lesson in Adulthood. Step 1: Let’s Take Out Federal Income Tax  If you will make $9, 075-$36,900  Subtract 9,075 from your.

 Design the buildings in the company  I earn $6,000 per month  My company will provide me a heath insurance because there might be a dangerous situation.

NEFE High School Financial Planning Program Unit Two – Budgeting: Making the Most of Your Money Unit 2 - Budgeting: Making the Most of Your Money.

Occupational Therapist Nicole Mueller. What is it? Health profession Responsible for helping patients regain ability to perform daily living and work.

By, Cody Lee. My Job  The career I have chosen is electrician. I have chosen this career because it is a good and fun job.

Created by: Mr. Bock. Salary I choose to base my salary from a career as a teacher that makes $51,250 annually This equates to $788/week or $3,152.00/month.

Pay attention like your life depends on this information.

Air Force Pilot Andrew Haase. Air Force Information Starting salary of $3,333 per month Benefits- Pays for rent of apartment Life insurance.

Personal Finance and Resource Management Objective 2.01.

Professor By: Paul Kim. About Professor To teach English Literature in College It pays $5,500 a month. College provides health insurance.

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

Average Costs.  Employers cost to pay for single coverage averages about $5800 per employee  That means for an employee who is paid 52 times per year,

Pp Managing Spending. What to do with the money you earn? Budgeting Your Money Budget: Budget helps you:

Citizens and The Economy. How do we contribute to the economic common good?? Be productive!!! What does this mean???

Budgeting How to manage your money. Guessing Game Question 1 How much a much do you think gas for one car costs each month?

Why create a budget?  A budget helps you understand where your money goes.  It helps you live within your means and meet your goals.  It helps you find.

Marine Biologist Clara Nebel. Marine Biologist Marine Biology is the study of marine organisms, their behaviors and interactions with the environment.

The Price of Independence Your family has been providing for you and supporting you your whole life. Soon you will be independent and supporting yourself…

My Budget Project Personal Finance Period:_____ Your Name 12/26/

1 2 >DO WHAT YOU LOVE …

A plan for how to spend your money What is a budget?

Cosmetologist.  Because I love to do hair and I like to other people hair.

Budgets. What is a Budget? A budget is a written document or electronic file that helps you take control of your personal finances The goal of a budget.

WHERE DOES THE MONEY GO? A Lesson in Adulthood. Step 1: Let’s Take Out Federal Income Tax  If you will make $9, 075-$36,900  Subtract 9,075 from your.

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

Preparing a Budget. Budgeting Managing one’s income and expenses by creating a plan  Companies, Governments, Families, You Covers a specific time  Companies.

Budgeting for Your Future… Ms. Smith Personal Finance.

Unit 6.3 Part 1 Budgeting. Purpose Learn how to manage money by preparing a personal spending plan Identify ways to decrease spending and increase income.

I CAN DETERMINE AND EXPLAIN THE IMPORTANCE OF CREATING A BUDGET AND HOW IT SUPPORTS GOOD FINANCIAL DECISION MAKING.

Career Aptitude Test

Week 5 Excel. JanFebMarAprMayJun Monthly Income 2700 Monthly Expenses Electric Water Cell Phones 130 Rent 800 Car Payments.

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

What is a Budget? Welcome to class! Put phones away, take out your notes and answer this question: –WHAT IS A BUDGET? In answering this question, did you.

My Budget Project Personal Finance Period:_____ Your Name 7/7/

BUDGETING FOR MAJOR EXPENSES Adapted in partnership with ©2015 Educurious Partners--All rights reserved UNIT 3 LESSON 2 1.

Budgeting You Need to Plan to Meet Your Expenses.

My Budget Project Personal Finance Period:_____

Teenage Pregnancy: The Budget

Personal Finance project

Elementary School Teacher

My Budget Project Period:_____

My Budget Project Period:_____

Quiz on Balancing a Checkbook and writing a check

My Budget Project Personal Finance Period:_____

Budget Project – This is My Life

Presentation transcript:

Good Sense: Money Management

Learning Objectives Participants will: Understand the importance of managing your money Identify how to distinguish between wants and needs Learn how to create a monthly budget

How Do You Decide Your Money Goals? Needs vs. Wants Values Goals

Maslow’s Hierarchy of Needs Needs vs. Wants Maslow’s Hierarchy of Needs

What Do You Value? Religion Hard Work Winning Sharing Family Environment Freedom Friendship Music Love Fun Health Beauty Security Safety Arts

What are Your Goals? What do you hope to accomplish: In the next three months? In the next year? In the next five years or longer?

What are Your Goals? Will you be able to meet your basic needs? Will you be able to meet your wants? Will you be able to achieve your future dreams?

What is Your Budget? This is your paycheck.

Where are You Going to Live? Mortgage = $1500/month Room = $225/month Apartment = $750/month With roommate = $425/month

How Will You Get Where You Need to Be? Free Payment: $300/month Gas: $200/month Insurance: $100/month Paid: $500 Gas: $75/month Insurance: $50/month Fare: $90/month

Where Will You Eat? Groceries: $60/week Eating Out: Breakfast: $5/day Lunch: $7/day Dinner: $12/day

Bills, Bills, Bills Water House: $20/month Apartment: $15/month Room: Free Heat/Air House: $75/month Apartment: $40/month Room: $25/month Electricity:

And More Bills Internet: $35/month Cable/Satellite: $75/month Cell Phone Unlimited: $100/month 450 minutes: $55/month 900 minutes: $75/month

The Extras Going to the Movies Buying New Clothes, Shoes, Etc. Concerts Gym Memberships Pets

What’s Left? Based on your expenses vs. income, will you be able to save enough to accomplish your goals? Where can you make cuts/sacrifices in order to be sure you have enough? If an emergency arose (car breaks down, medical emergency, etc.) will you have enough money saved to cover it?

Questions?