Ryan brown cs 255 4 23 03
This presentation is the property of its rightful owner.
Sponsored Links
1 / 13

Ryan Brown CS 255 4/23/03 PowerPoint PPT Presentation


  • 37 Views
  • Uploaded on
  • Presentation posted in: General

Your Money, Where Does it Go? . Ryan Brown CS 255 4/23/03. Your Objective. You will identify sources of income, distinguish between fixed and variable expenses, distinguish between needs and wants, and develop a personal budget. Don’t let opportunities pass you by!.

Download Presentation

Ryan Brown CS 255 4/23/03

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


Ryan brown cs 255 4 23 03

Your Money, Where Does it Go?

Ryan Brown

CS 255

4/23/03


Ryan brown 5crcs 255 5cr4 2f23 2f03

Your Objective

You will identify sources of income, distinguish between fixed and variable expenses, distinguish between needs and wants, and develop a personal budget.


Don t let opportunities pass you by

Don’t let opportunities pass you by!

Read the Volume 2 Number 3 edition of

*Click banner to read*

Learn about opportunity cost, money diaries, and some spending choices.


Ryan brown 5crcs 255 5cr4 2f23 2f03

Using a Sample Budget

  • Rank the budget items in order of importance

  • Determine whether each item is a "want" or a "need."

  • Figure out

    • what percentage of the total income each item represents

    • determine whether there is a relationship between the importance of an item and the percentage of the budget it represents.


Ryan brown 5crcs 255 5cr4 2f23 2f03

Sonny Cruz, a full-time tour guide, has an annual salary of $15,000. After he pays his taxes and health insurance, his annual salary is $12,000. This is what Sonny's monthly budget looks like:

__________________________________________

Sample Budget


Ryan brown 5crcs 255 5cr4 2f23 2f03

Comparison

Discuss

Rank in order of importance

Determine whether each item is a "want" or a "need."

what percentage of the total income each item represents


Ryan brown 5crcs 255 5cr4 2f23 2f03

Order of importance (may vary)


Ryan brown 5crcs 255 5cr4 2f23 2f03

Complete a Personal Budget

Go ahead and fill out your personal budget form.

http://www.nice.emich.edu/childw.html

or download it here.

Personal Budget Form


Ryan brown 5crcs 255 5cr4 2f23 2f03

Using Your Personal Budget

_____

  • Rank the budget items in order of importance

  • Determine whether each item is a "want" or a "need."

  • Figure out

    • what percentage of the total income each item represents

    • determine whether there is a relationship between the importance of an item and the percentage of the budget it represents.


Ready for a reality check

Ready for a Reality Check ?

Imagine how you want to live once you're on your own.Want to know what jobs you need to support your lifestyle? Find out here!

Quiz yourself @http://www.jumpstart.org/realitycheck


Go play a game

Go Play a Game!

Moneyopolis

Use what you learned on this game. Moneyopolis centers around a financial planning game based on the five-step process: assessment, goal setting, strategy setting, implementation, review/adjust. The game incorporates a "virtual city“ in which you move through various financial planning centers, managing money and working toward defined goals.


Ryan brown 5crcs 255 5cr4 2f23 2f03

You are ready!

You are now able to manage you own money because you can rank items by importance and determine if it is a "want" or a "need" item. Wise decisions will then be made.

Your Money, Where Does it Go?

Now You Will Know!


  • Login