1. FACTORY SHOALS MIDDLE SCHOOL MR. L. SMITH

2. Agenda Message Agenda Message: Bring calculators to class everyday this week. Vocabulary Quiz is Thursday, May 7 th. Social Studies Progress Reports go home Monday, May 11 th. Standard: Standard: Explain personal money management choices in terms of income, budgeting, savings, spending, credit, and investing. Essential Question: Monday, May 4 th : Essential Question: Monday, May 4 th : What is a budget and what are benefits of budgeting? Warm-Up Warm-Up: What is Earning Power? What is the #1 factor that contributes to Earning Power? Today We Will: 1. Earning Power 2. Introduction to Budgets 3. Budget Activity Worksheets

3. E.Q. Answer for Monday May 4 th A spending and savings plan based upon estimates of income and expenses. They are used by individuals and organizations and finally, always relate to a period of time.  Helps you identify the amount you spend each month  Helps you identify your expenses and spending habits  Helps you prepare for major or unexpected expenses  Helps you control how you spend your money Warm-Up: ~Your ability to make money ~The #1 factor impacting your ability to make money is the amount of education & training that you have.