2. Cost of raising a Child

3. Itslearning.com Mark Finlay Economics Personal Finance
Open document- “Zero Based Budgeting”
DOWLOAD and ‘Enable Editing’
When complete, save as your name to

4. Email completed Budget to:
Name the document as your name
Non-discretionary Expenses (have to pay)
Utilities
Health Insurance
Auto Insurance
Discretionary Expenses (Don’t Have to pay)
Disability Insurance- pays you $ if you become disabled and can’t work
Life Insurance- pays $ to spouse or children if you die prematurely

5. Complete the ‘Writing a Check’ assignment
DO NOW
Complete the ‘Writing a Check’ assignment
Login to your computer

6. Achieve 3000
There should be a red icon on your desktop that says Achieve Double click the icon and sign in.
If the icon is not there, open Chrome and type
2. Your login information is the same as what you use for Focus
Example:
JoDo.006
*If your password does not work, enter *
3. Select Course: Mark Finlay Economics
4. Read the instructions and select the “Start Lesson” button.
5. Begin pretest

7. Evan And Nancy
We are going to take a peak into the savings and investing lives of two people. We will see who will have a better future and why!
Evan
Nancy

8. Evan’s Profile Evan is going to start saving at the age of 35
Every year from 35 onward he will put $3,000 into an account that grows at a yearly rate of 8%
Let’s say he does this until he is 65…

9. At Age 65… He will have set aside $90,000 of his own money
It will grow to about $367,000
He will have made a grand total of $277,000
Sounds good right?

10. Nancy’s Profile Nancy started saving at the age of 20
She is going to put aside $3,000 a year into an account that grows at a yearly rate of 8%
Let’s say she does this until she is 35 and then does not touch it until she is 65…

11. At age 65… She will have set aside $45,000
YAY!
I’m rich
She will have set aside $45,000
It will grow to about $525,000
She will have made a grand total of $480,000.
Sounds better, right?
You choose:
$277,000 or $480,000

12. Moneychimp.com