1 / 9

Managing Your Money

Managing Your Money. Ch. 15 Sec. 1 Pp. 401-407. Managing Your Money. Understand your income Know your expenses Understand credit Make a budget: 1) savings 2) spending. Income: Knowing What You Earn. Money you receive for your work Salary – same no matter the hours

lorne
Download Presentation

Managing Your Money

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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Managing Your Money Ch. 15 Sec. 1 Pp. 401-407

  2. Managing Your Money • Understand your income • Know your expenses • Understand credit • Make a budget: • 1) savings • 2) spending

  3. Income: Knowing What You Earn • Money you receive for your work • Salary – same no matter the hours • Commission – based on your sales • Hourly – based on hours you work • Fringe Benefits – extras like insurance, vacation • Other Income – stock or dividends • Disposable Income – after taxes

  4. Making Financial Choices • Based on goals and values • Make a budget • Fixed expenses (stays same) and variable expenses (changes) • Budgets give you confidence and responsibility

  5. Questions • Which is an example of earned income? • a. stock dividends • b. paid sick leave • c. wages • d. inheritance

  6. Questions • Stockholders receive payments from a company through which method? • a. dividends • b. time deposits • c. liquidity benefits • d. cash

  7. Questions • Which are fringe benefits provided by an employer? • a. medical insurance and sick leave • b. gifts and inheritance • c. savings account interest and dividends • d. wages and salary

  8. Questions • A monthly electricity bill is which kind of expense? • a. fixed expense • b. variable expense • c. disposable income • d. pay in full

  9. Questions • How would a person plan his or her spending and saving? • a. using a commission for a trip to Hawaii. • b. including interest from a savings account as income. • c. making a budget. • d. selling property in Florida.

More Related