1. $$$ Management What is the difference between credit & debit?
Why is it better to use cash rather than credit when possible?
Economics is the study of choices made when there are limited resources

2. Money management: saving & interest
IS IMPORTANT TO YOUR FUTURE.
THE FIRST STEP IN SUCCESSFUL MONEY MANAGEMENT IS UNDERSTANDING WANTS VS. NEEDS.
WANTS ARE THINGS YOU WOULD LIKE TO DO OR HAVE.
NEEDS ARE ITEMS THAT YOU MUST HAVE TO SURVIVE.
PUTTING MONEY ASIDE TO USE IN THE FUTURE IS KNOWN AS SAVING.
BANKS AND OTHER FINANCIAL INSTITUTIONS PAY INTEREST ON SAVINGS ACCOUNTS OR CERTIFICATES OF DEPOSIT (CD).
INTEREST AS RELATED TO SAVINGS IS A FEE BANKS PAY TO YOU TO USE YOUR MONEY.
THE AMOUNT OF INTERST PAID VARIES DEPENDING ON THE AMOUNT OF MONEY YOU DEPOSIT OR THE AMOUNT OF TIME YOU LEAVE THE MONEY IN THE BANK.

3. Money management: credit & interest
BORROWING MONEY FROM A LENDER WITH THE PROMISE OR ABILITY TO PAY IT BACK IS KNOWN AS CREDIT.
LENDERS CHARGE YOU A FEE TO USE THEIR MONEY, AND LEND MONEY TO PEOPLE WHO HAVE DEMONSTRATED PERSONAL FINANCIAL RESPONSIBILITY IN THE PAST.
TYPES OF CREDIT MIGHT INCLUDE:
MORTGAGE
CAR LOAN
PERSONAL LOAN
CREDIT CARDS

4. Money management: income
Once you are able to separate your wants from your needs, you are ready to make personal choices that involve income, spending, credit, saving and investing
Money can be inherited or received as a gift, but typically income is considered the money one receives (salary) in exchange for doing a job or working.
Well educated/trained citizens have the potential to earn more. This is called earning power or earning potential
**higher education, specialized training or work training programs provide more economic choices **

5. Money management: investment
You can purchase an asset or item that you think will be more valuable in the future. This is called an investment.
One type of investment is stock. When you buy stock, you are buying ownership in a company. There are many other types of investments.
People typically invest in hope that their money will grow long term.
Investments are not always secure and can be risky. It is important to make informed investments.