1. Dollars and Sense Money and Personal Finance Business 1, Miss Patty Schmitt

2. Determining Needs and Wants Needs Required for survival Food, water, transportation Wants Not necessary, but would like to have CDs, magazines, concerts

3. Using Credit Cards One-third of seniors have a credit card One-half of these users have cards in own name $1,000 balance will take 12 years to repay if only minimum required payment is made Total interest = $979 Consider prepaid or low-limit cards

4. Budgeting Wisely Key to getting rich is spending less than you earn Track what you spend each week Set up categories so you know where money is going Evaluate what wants can be eliminated Put that extra money into savings account with interest Have goal for saved money, such as buying a computer