Personal finance
Download
1 / 37

Personal Finance - PowerPoint PPT Presentation


  • 249 Views
  • Updated On :

Help! I’m out of money!. Personal Finance. Created by Camille Krum. Activity: How Much Do They Make?. Earning. Spending. Credit. Income. Credit Cards. Careers. Expenses. Variable. Fixed. Differential. Earning. Careers. Learn and Earn. How much is your time worth?. Earnings.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Personal Finance' - MartaAdara


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Personal finance l.jpg

Help! I’m out of

money!

Personal Finance

Created by Camille Krum


Activity how much do they make l.jpg
Activity: How Much Do They Make?


Slide3 l.jpg

Earning

Spending

Credit

Income

Credit Cards

Careers

Expenses

Variable

Fixed

Differential


Slide4 l.jpg

Earning

Careers




Slide7 l.jpg

Earnings

  • The average earnings of college graduates in 1996 were 55% higher than those of high school graduates.

  • The average income for a family headed by a high school graduate declined 4.5% between 1973 and 1996.

  • During that same time (1973-1996), the income of families headed by college graduates grew 13.8%.

  • During that same time, the earnings of families headed by a parent who went to school beyond a college degree rose 38.8%.


Slide8 l.jpg

Activity

How Much is Class Attendance Worth?

Do you get tired of going to class every day? Complete the assignment and see what the value of a day’s education is over a 40-year work life. How much is attending each class really worth?


Millionaire game l.jpg
Millionaire Game

Hold up a true or false card. Include a Millionaire Card if you are sure your are correct.

  • Most Millionaires are college graduates.

  • Most millionaires work fewer than 40 hours a week.

  • More than half of all millionaires never received money from a trust fund or estate.


Millionaire game10 l.jpg
Millionaire Game

  • More millionaires have American Express Gold Cards than Sears cards.

  • More millionaires drive Fords than Cadillac's.

  • Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech.

  • Most millionaires work for big Fortune 500 companies.

  • Many poor people become millionaires by winning the lottery.


Millionaire game11 l.jpg
Millionaire Game

  • College graduates earn about 65 percent more than high school graduates.

  • If an average 18-year-old high school graduate spends as much as an average high school dropout until both are 67 years old, but the high school graduate invests the difference in his or her earnings at eight percent annual interest, the high school graduate would have $5,500,000.


Millionaire game12 l.jpg
Millionaire Game

  • Day traders usually beat the stock market and many of them become millionaires.

  • If you want to be a millionaire, avoid the risk stock market.

  • At age 18, you decide not to by fountain drinks and save $1.50 a day. You invest the $1.50 a day at eight percent annual interest until you are 67. At age 67, your savings from not drinking soda are almost $300,000.


Millionaire game13 l.jpg
Millionaire Game

  • If You save $2,000 a year from age 22 to age 65 at eight percent annual interest, your savings will be over $700,000 at age 65.

  • Single people are more often millionaires than married people.


Slide14 l.jpg

Spending

Income

Expenses

Variable

Fixed

Differential


Lifestyle costs l.jpg
Lifestyle costs

  • Where you live

  • Clothes

  • Food

  • Transportation

  • Entertainment

  • Vacations

  • Other costs-car repairs insurance


Reality check l.jpg
Reality Check

Take the reality check quiz online to see what your life style choice requires you to earn per hour.

URL:

http://www.jumpstart.org/madmoney/pgv_money_rc_main.html


Activity cookie monster l.jpg
Activity: Cookie Monster

  • Select student to be employee

  • Select student to be State Tax collector

  • Select student to be Social Security Tax collector

  • Select student to be Federal Tax collector

  • Select student to be Health Insurance collector

  • Select student to be Life Insurance collector

  • Select student to be Donation collector


Reality bites l.jpg
REALITY BITES

Do you know where your money goes?

Identify your spending traps—

For the next two days keep a spending log. Record everything you spend.


Financial goals l.jpg
Financial Goals

Short term goal—pay for immediate needs such as school, entertainment, clothes, etc.

Medium term goal—college education, cars, vacation.

Long term goal—retirement plans, change in career, travel


Activity road map to spending l.jpg
Activity: Road Map to Spending

  • Divide into groups of three. In two minutes list as many items as they can in the following categories:

  • Fixed Expenses

  • Variable Expenses

  • Differential Expenses

  • Each student completes A Road Map For Spending


Budget l.jpg
Budget

Go to computers in groups of three—if not enough computers for all students.

Go to web site

and select career and salary from list.

Go to “Where does your salary go” and complete the activity.


Slide22 l.jpg

Credit

Credit Cards


Three c s of credit l.jpg
Three C’s of Credit

  • Character—borrower’s willingness to pay you based on past history paying back loans

  • Capability—ability to pay back money borrowed

  • Collateral—property used to cover amount owed if fail to pay back money

    • Group students to do scenarios


A credit check l.jpg
A Credit Check

Perhaps you have not developed a personal credit history, but you do have a personal education performance history that reflects similar behavior patterns. On a piece of paper, answer the following questions:

  • Number of times you have missed class this semester.

  • Number of times you have been tardy this semester.

  • How many times have you turned in late assignments this semester.


Slide25 l.jpg

  • How many times have you turned in incomplete assignments this semester?

  • How many times have you not turned in an assignment at all this semester?

  • How many times have you been asked by the teacher to change or improve your behavior in class this semester?

  • How many times have you forgotten to bring the required materials (pencil, disk, notebook, etc.) to class this semester?


Slide26 l.jpg

TOTAL (Add the numbers listed for 1-7 above) this semester?

How did you do?

4 or less…………… Credit Granted!!

5o-7 ……………… You are going to need a cosigner

8 or more………… CREDIT DENIED!


Slide27 l.jpg

FALSE this semester?


Slide28 l.jpg

TRUE this semester?


Slide29 l.jpg

FALSE this semester?


Slide30 l.jpg

TRUE this semester?


Slide31 l.jpg

FALSE this semester?


Slide32 l.jpg

TRUE this semester?


Slide33 l.jpg

FALSE this semester?


Slide34 l.jpg

TRUE this semester?


Slide35 l.jpg

FALSE this semester?


Slide36 l.jpg

TRUE this semester?


Credits and referencs l.jpg
Credits and Referencs this semester?

www.themint.org

www.jumpstartcoalition.org


ad