1. Making Ends Meet By TS Vest *2015 This is the teacher version.
It may have extra slides of explanation that are not to be on your PPT. 1
Making Ends Meet
By TS Vest
*2015
Picture of YOU or general “life” picture
Student1 (Any slide needed for students will say Student, and the number of slide it is.)

2. GPA (Grade Point Average)= _________2
Education options include:
Choose 1: 3.33: Graduate 2.67 to 3.32: College Bachelors (Under Graduate Degree)
2.0 to 2.66: Associates or Technical
Under 2.0: HS Diploma
Possible Jobs: EX: 1College Professor
2Teacher
3Veterinarian
4Professional Musician
Student2

3. Job/Career for Reality Store3
Job Title:
Gross Yearly Salary:
Job Duties:
Education/ Training:
Demand:
Based on GPA results Make sure they are answered and that you include a picture of it.
Student3

4. Rubric for MIT (will be graded separately)
5 points: Taking the test and setting up the Excel spreadsheet correctly with columns and rows. Also Printing “Handouts” 2 per page.
5 points: Making a pie chart with percentages, a title, and MIT labels
5 points: Making a comparison line graph, comparing your free and forced types of MI
5 points: Answering the pie chart questions, using the MIT explanation and related careers sheet
5 points: Answering the line graph questions, using the MIT explanation and related careers sheet
Total: 25

5. MIT Profile Pie Chart Results
MIT learning style: Musical
Answer to Section 1 for Pie chart: In a paragraph, explain the results of your MIT Forced test. Tell your highest scored style, and give us explanations of how you learn that support or disagree with the results. Read the paper about MIT types and the careers related to them. What is a career that sounds promising in your style, explain it, and tell if you have considered it as a career.
Pie charts measure parts in a whole
Line graphs can also be used to compare changes (between your free and forced choices) over the same period of time (now) for more than one group. (Free/forced) Tami Vest
Musical and Verbal/Linguistic dominant
Student4

6. MIT Profile line graph Results
Answer to Section 2 for line graph: In a paragraph, tell whether or not your free and forced choices are parallel. (Meaning that even with free choices, you choose the same ways to learn) Then, tell which learning style is your toughest to do, and how you might improve your ability to learn THAT way. (even though we all have natural abilities, we can improve all styles through practice.
GPA Goal: math grade up 1 letter
Grade, talk to Mrs. Camp with questions
Pie charts measure parts in a whole
Line graphs can also be used to compare changes (between your free and forced choices) over the same period of time (now) for more than one group. (Free/forced) Tami Vest
Student5

7. Best Practices: “W-i-d-e” Vocabulary
Vocabulary Word Comprehension technique W: Write the word (spell it correctly) I: Illustrate the word (image) D: Describe the word (from the Internet or me, THEN define in your own words…could include synonyms) E: Explain by using in a sentence See Example next page

8. In your own words
Budget:
Definition: estimate of how to divide the money you make to pay your bills, save, and spend wisely
Description: an estimate of income and expenditure for a set period of time. A plan listing your income along with all the expenses or costs you have.
Student6
Once I get a job, I will have to figure out a budget of monthly spending. That way, I will know how much I can afford for a house, car, and other wants and needs.

9. Student
789
Make 3 WIDE Slides….Use these as the Internet Definitions
Gross Income: The total amount of money you make, including all income, taxes, SS, and benefits (wide slide 7)
Net Income: The total amount of money you make AFTER the SS Taxes, and other…What you actually bring home (wide slide 8)
Disposable income: income remaining after deducting mandatory rent, bills and charges, available to be spent or saved as one wishes. (Get a latte, baby….)(wide slide 9)
Budget; estimate of how to divide the money you make to pay your bills, save, and spend wisely
Gross income: The total amount of money you make, including all income, taxes, SS, and other. Net: The total amount of money you make AFTER the SS Taxes, and other…What you actually bring home. Disposable: income remaining after deduction mandatory bills and charges, available to be spent or saved as one wishes.

10. Just write the definitions:
Federal, State, County Tax: Money taken out of your check for services that support govt. programs (fire, police, streets, teachers,, welfare, Food stamps, ….)
Social Security: Retirement money
Medicare: Medical benefit for when you retire, you still pay for it, just less than usual
(IRA, 403, Annuity) A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon maturing, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years. (Sometimes taking out of paycheck, sometimes done independently)
Federal, State, County Tax: For services that support govt. programs (fire, police, streets, teachers….)
Social Security: Retirement money
Medicare: Medical Care (disabled, retired)
Deductions: (IRA (Individual retirement account), 403, Annuity) A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years.

11. Finding Net monthly
Student14

12. Budget Planning Table Please put in own Amounts!!
Insert Net Monthly pay here: mine is $
Student 15
Budget Planning Table
Expense Category
Recommended %
Amount
Housing
35%
Car (Transportation)
10%
354.00
Electric 5%
177.00
Gas (Heat)
Water 2%
70.80
Insurance 8%
283.20
Medical/Health
TV/Internet/Cable
Groceries (Food) 3%
106.20
Savings (Hopeful)
Variable Expenses

13. Student16
Mortgage (word)
My definition: Money lent in advance for a large purchase, with the understanding that you will pay back the PRINCIPAL(cost) with INTEREST (extra)
Internet definition: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years
illustration
*Actually, they will
also add on mortgage insurance and Property tax as well.
16*Mortgage: Money lent in advance, with the understanding that you will pay back the PRINCIPAL (total amount of house) with INTEREST (money the bank charges to use their money) a bit every month.
Explanation sentence: I won’t be able to afford to pay cash for a house when I’m an adult, so I will get a 30-year MORTGAGE loan.

14. Vocabulary : house BILLS
Student17
Vocabulary : house BILLS
Fixed Expense:bills that don’t change monthly like your cell phone or Internet, mortgage or car loan.
Variable Expense:bills that vary every month, like electricity in summer versus winter, or clothes budget
Utilities:public services like water, electric, and gas.
Mortgage: Money lent in advance, with the understanding that you will pay back the PRINCIPAL with INTEREST a bit every month.
Fixed Expense: bills that don’t change monthly like your cell phone or Internet, mortgage or car loan.
Variable Expense: bills that vary every month, like electricity in summer versus winter, or clothes budget
Utilities: public services like water, electric, and gas.

15. How much can you afford for a house?
Given the TOTAL PRICE
Given the MONTHLY
Go to the bankrate loan calculator and set up:
5% interest
30 years *
*If you had an event happen that gave you a down payment.
Click on it
Set up:
5% interest
30 years
*Down payment: *

16. “My Humble Home” example
Student18
“My Humble Home” example
Total Cost: $129,900
Monthly Payment: $582
Two story, 4 bedrooms,
3 bathrooms
Large back deck
1603 Library Boulevard,
Greenwood IN 46142
*All Electric utilities, water, and city sewage.

17. My First House Mortgage check
Student19
My First Mortgage Check!
My First House Mortgage check
November 7, 2014
Wells Fargo
Bank
782.10/100
Seven Hundred, Eighty Two Dollars /
House Mortgage Acct:#

18. Vocabulary: Car
Student20
Loan: amount of money someone (bank or credit union) gives you up front to pay for a large purchase, with the understanding that you will pay it back over time each month, with interest (That extra money they charge you for using their money)
Lease: Renting instead of buying. You are “back loaded” on the monthly payment…meaning you pay less per month, but at the end, you make that up when buying it, or you have to give them back the car. Usually has stipulations, like paying for full coverage on car insurance and mileage allowance.
Loan: amount of money someone (bank or credit union) gives you up front to pay for a large purchase, with the understanding that you will pay it back over time each month, with interest (That extra money they charge you for using their money)
Lease: Renting instead of buying. You are “back loaded” on the monthly payment…meaning you pay less per month, but at the end, you make that up when buying it, or you have to give them back the car. Usually has stipulations, like paying for full coverage on car insurance and mileage allowance.

19. Comparing Payments of a $25,000 car…
2-yr loan
4-yr loan
You can get a 5% interest rate, and will have a monthly payment of $
$ times 24 months is:
Total:
Interest:
You can get a 5% interest rate, and will have a monthly payment of $575.73
$ times 48 months is:
Total:
Interest:
Are you a “monthly” person or a “total price” person?

20. Jeep Wrangler example Total Cost: $24,990 Monthly Payment: $426.05
Student21
Jeep Wrangler example
Total Cost: $24,990
Monthly Payment: $426.05
6 Year Loan
Two Door
Off Road
Compare to monthly payment
For another term: 3 year loan/$854.55

21. Lifestyle by tsvest example
Student22
Lifestyle by tsvest example
My goal for a living lifestyle is to work in a service profession, while still making enough to help my children with their education, and to take some vacation trips to see things.
In order to do this, I may have to add some certifications onto my license, and save money toward a vacation.
I can do without HBO, and other high cost TV, but want an Internet package.
I do think that I have quite a bit of education, and that has afforded me the CHOICE to do more things that I wanted to do, including NOT WORKING when my children were babies.
Summary of plans figured and lessons learned from the Making Ends Meet Experience

22. PERSONAL Financial Links Reflections
You may use as many slides as you want for this. Just make sure its at the end of your PPT portfolio or that you turn in the paper copy.
25points: 5 points for each reflection
1: Spent: Tell about some of the difficult decisions you had to make. What hit you hardest?
2: List the “standard of living” (how much it costs to live) in Greenwood, and one other place. Where would you like to live and why?
3: What were your “Reality Check” results? What does that say about you?
4: Would you rather? Do one comparison. Show your answer choice on a slide, and why you chose it.
5: Worst Jobs: Tell what job you ended up with. What was your score?