Ob. Objective – Apply knowledge of decision making to financial issues. “Your Financial Plan: Where It All Begins’. Warm-up – Work on summary questions – due Thursday. “Make a Plan Sam” Are you Doomed for Failure or Destined for Success.
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.
“Your Financial Plan: Where It All Begins’
Warm-up – Work on summary questions – due Thursday
“Most people don’t plan to fail…They simply fail to plan!”
Food for breakfast
Clothes for school
Transportation to school or work
______________Sample Wants and Needs
Religious faith or beliefs
Handling money responsibly
Friendships / The people I hang out with
Within three months
Three months to a year
More than a yearTerm Goals
Waiting to buy a new product until the price goes down.
Waiting to see the latest movie until the crowds get smaller and the lines shorter.
S-M-A-R-T GOAL CRITERIA
“Pay for lodging, transportation, meals for a 5-day trip to Washington, D.C.”
“$300 through fundraising, $50 from
birthday money, save $25 a week.”
“If I stick to my plan, I’ll have the money when I need it.”
“I still have enough money to live on while I work toward this goal.”
“I need to have all the money by 6 months from now.”
What about you?
Make a Decision
Create a Plan
Make a Decision
Monitor & Modify
Unit One - Your Financial Plan: Where It All beginsThe Decision- Making Process
Decision Making and Financial Planning
The Financial Planning Process
Where it All Begins