2. CHAPTER 2Slide 1 of 8 Chapter 2. WORKING, BUDGETING AND PLANNING The Value of Your Work… Your Legal and Financial Rights as an Employee… Setting and Meeting Your Financial Goals A. The Role of Work in Your Life B. Factors in Choosing Your Work 1. Attitudes and Aspirations 2. Education 3. Aptitude 4. Personal Experience Economic Trends

3. CHAPTER 2Slide 2 of 8 D. Financial Rewards 1. Pensions, Profit-Sharing and Investment Plans 2. Insurance Benefits 3. Job Training and Education Miscellaneous Benefits

4. CHAPTER 2Slide 3 of 8 E. The Job Quest 1. Selling Yourself a. Resume b. References c. Presentation

5. CHAPTER 2Slide 4 of 8 F. Work and Income - Protection and Regulation 1. Taxes: Withholding, W-4, W-2 and 1040 ES 2. Income Protection: Worker’s Compensation, Unemployment Insurance and Pension Safety (ERISA) 3. Right to Work and Discrimination Laws 4. Union Matters 5. Garnishment Contracts

6. CHAPTER 2Slide 5 of 8 G. The Master Plan 1. Goal-setting 2. Prioritizing 3. Risk Management Your Goal Worksheet (see Text page 58)

7. CHAPTER 2Slide 6 of 8 H. Shaping Future Goals Worksheet (see text page 63) I. Sources for Meeting Future Goals: Income from work, saving, investing, borrowing, windfalls J. The Financial Statement as a Planning Tool: Early warning signal, credit gauge, risk management, insurance, estate planning The Master Plan

8. CHAPTER 2Slide 7 of 8 TALKING POINTS… Chapter Two, Number One You boss tells you he has to cut your pay for the foreseeable future resulting in a 25% reduction in your take-home pay. What are the pros and cons, and the priorities, of these options as ways of dealing with this problem? A. You and/or your spouse should get a second job to make up for the lost income. B. You should cut your expenses accordingly - giving up what in what order? C. If you’re a homeowner, refinance your mortgage to cut your monthly payment. If you’re a tenant, negotiate with your landlord to cut your rent. D. Move into a less costly dwelling. E. Borrow as much as you can to help tide you over. F. Consolidate all your loans (credit cards, charge accounts, car financing, etc.) G. Quit and look for another job

9. CHAPTER 2Slide 8 of 8 TALKING POINTS… Chapter Two, Number Two A person of opposite gender is doing the same job that you are, but getting 25% more pay. What remedies can you seek to equalize the pay differential?