1. Personal Finance

2.  Salary: Money paid to an employee on a regular basis  Withheld: Money held to pay taxes.  Deposit: Money that is put into your bank  Withdraw: Money that is taken out of your bank  Disposable Income: Money you are able to spend.

3. S/12 = $3,000 per month Tax Rate=.25 -- $750.00 (withheld) ______________________________ $2,250.00 per month MED Insurance & Social Security --$125.00 _______________________ Able to Deposit $2,125.00

4.  Living on your own  Car  Apartment / House  Insurance (Auto/Living)  Food (1 person / $180.00 month)  Gas ($120 month)  Utilities  Fun Money!!! Shopping / Entertainment WHAT ARE WE MISSING??????

5.  Options to Life (Accessories)  College Education (Student Loans)  Pet (Pet Food/Vet Expenses)  Children (YOU) ▪ Child’s Education  Repairs  Weddings  Vacations  Savings  Retirement  TOYS (TVS / Pool / 4 Wheeler……ENDLESS!!! ▪ Credit Card

6. Things can become complicated This is why its important to learn how to manage your personal finances!!!!

7. Medium of Exchange / How to pay your bills

8.  Pure Barter System: Goods or Services exchange for other goods or services.  Medium of Exchange: an intermediary used in trade to avoid the inconveniences of a pure barter system.

9.  Cash - money in the physical form of currency. (Bank Note)

10.  Check : A document that orders a payment of money from a bank account.

11.  Commodity Money: money whose value comes from the commodity of which it is made.

12.  Credit Card: It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. Pros and Cons of Credit Cards