1. Personal Finance
April 17, 2015

2. Money Management
Everyone must make ___________ about what to do with their ___________, including you
Income is money ________________
You may have an allowance, receive money as a gift, or have a job and earn a paycheck

3. Income Choices
For the most part, you only have _______ choices about what to do with your income: ________ it or _________ it
Savings is the ____________ that a person has __________ spent after buying things that they want. It is put aside for later.
To help make decisions about what to do with their money, a person can create a __________
A budget is a _______________________ plan, based on estimated _____________ and ______________ for a person

4. Investing
Investing involves putting money __________ in order to receive a greater benefit in the _____________
Often, that greater benefit is ____________ or a profit
Interest is a fee for the use of money
This is a form of _____________
Money can be invested in financial ____________ such as bank accounts, stocks, or mutual funds.
Having a good financial plan allows you to plan for both your ___________ and your ____________

5. Credit
Credit is purchasing a good or service without ______________ payment
Common forms of credit include ________ loans, mortgages, and credit cards
___________ loans are used to help people pay their tuition on credit while in college
While credit is extremely _____________ to the economy, it can be ________________ if you buy too much on credit and do not have the ____________ to pay it back.

6. Questions 1. What is income?
2. What are some ways that you can earn income?
3. What are your 2 income choices?
4. What is savings?
5. What is a budget?
6. What is investing?
7. What is interest?
8. How can money be invested?
9. Why is having a good financial plan important?
10. What is credit?
11. What are some common forms of credit?
12. How can students use credit?
13. How can credit be dangerous?