1. A look into the typical American family
Candy Bar Madness
A look into the typical American family

2. Pre-test:
True or False: Debt can cause marital conflict as well as depression.
True or False: Most Americans have debt of some kind.
True or False: The earlier you save the more money you’ll have later on.
True or False: Most Americans do not save money.

3. Learning Objective
Describe the financial practices of the modern American family.

4. Directions: Each one of you will receive a card
When I say your candy’s name please stand and listen to your group’s descriptions

5. Payday: You’re a Millionaire
follow a financial game plan
avoid debt,
invest early, and
are wise with your resources
Represent only 2% of the American population

6. Smarties: You are Debt Free but…
paid for your college education, car, and house
have an emergency fund that would pay for all your living expenses for 6 months
are saving for retirement but unfortunately you started late
represent 2% of the American population

7. Dum Dums: Broke but Normal
You
have college debt, a car loan, and a home loan
have no emergency fund and instead live check to check
are not saving much, if anything, for retirement
represent 70% of Americans

8. Jaw Breakers: Bankruptcy
1. You…
Have college debt and a home loan
spend more than you make
have large credit card debt
have no emergency fund
can no longer make the minimum payments and file for bankruptcy
Represent 16% of all Americans
2. Your marriage is at risk: One study estimates that 90% of all divorces stem from financial disagreements

9. Milk Duds: Death by Debt
1. You
Have already filed for bankruptcy
lose hope and commit suicide
Represent 2% of Americans
2. The number one cause of male suicide is financial stress

10. Discussion Question
What makes 88% of Americans live under debt, some to the point of bankruptcy and depression?
This movie clip shows one reason. What other reasons can you think of?

11. Sticky Motivation Factors:
Greed: I want it
Envy: I need to keep up with the Jones
Selfishness: I want personal comfort, pleasure, and entertainment
Impatience: I want it now. I need instant gratification.
Pride: I have worked hard. I deserve it. I am entitled to it.

12. Reality’s Tastes is your Choice
Which lifestyle do you want?
What choices will sour your financial pocketbook?
What choices will sweeten your financial pocketbook?

13. Post test:
True or False: Debt can cause marital conflict as well as depression.
True or False: Most Americans have debt of some kind.
True or False: The earlier you save the more money you’ll have later on.
True or False: Most Americans do not save money.

14. Summary: All of the questions are true You can save money
You can control your finances and therefore your personal as well as marital satisfaction
At your age, you can build wealth
Tomorrow we will look at this. It is called compound interest.