What will you do with your future?. Careers. Where do you see yourself in 5-10 years?. Create an outline/rough draft Things to think about: Which college/university/trade s chool Desired job/career Where you want to live? What kind of family do you want? How will you support this life?.
Create an outline/rough draft
Things to think about:
Which ones do you have?
1. What activities have helped you expand your interests, abilities, and knowledge?
2. In what types of situations have you done your best work?
3. Describe people who motivated you the most.
4. Describe someone with whom you had difficulty working with.
5. What are your major strengths?
6. What are your weaknesses? What have you done to overcome your weaknesses?
7. What do you know about our organization?
8. Who is someone you admire? Why do you admire that person?
A payment from an employer other than wages/money
Keep track each day in your notebook.
Make a foldable that you can keep in your wallet and update every time you purchase something.
Fact: 34% = 34.00%
Fact: 126% = 1.26
Fact: .067 = 6.7%
Net Pay = $140.62
(Tax Rate = 22%)
What type(s) of an expense this is?
Fixed Variable Periodic
A Pie Chart Always = 100%
Jessica’s Expenses = 100% = $575
How do you know what the expense percentage is?
Set up a ratio:
Assess the importance of savings accounts, certificate ofdeposits, and bonds.
Draw conclusions on how saving and investing differ from each other.
= once a year
= twice a year
= four times a year
= once a month
= every two months/twice a month
= every two weeks/twice a week
= every day
Calculate Simple Interest - Annually
1. P = $126 i = 9% T = 10 year
$126 * .09 * 10 = $113.40
2. P = $892 i = 6% T = 7 year
$892 *.06 * 7 = $374.64
3. P = $537 i = 4.67% T = 15 year
$537 * .0467 * 15 = $376.17
Draw conclusions on how you can earn more money.
A = P (1 + i)n
Simple Interest=P x R x T
Draw conclusions on why different investment options have different levels of risk.
Compare and contrast how Banks and Credit Unions differ?
Interest & withdrawals to customers
Deposits from customers
Interest from borrowers
Fees for services
Bank retains required reserves
How do the procedures used when completing a deposit slip compare with writing a check?
If you wanted to deposit $100 into your savings account, what would the deposit slip look like when you filled it out?
Account # 10123456678
Your Address Here
Exercise 5-C, pg 62
Write out on your blank deposit slip
Write out on your blank deposit slips (two)
Fred got paid $235.76 this Thursday from his job. He wants to deposit 10% of it into his savings account & then put the rest of it into his checking account.
Savings account #134679852
Checking account #147896325
Ron wrote a check of $75 to Mr. John Reese for working in Ron’s yard on September 12th.
Write out on your blank checks
Why is it important to keep a daily record of your spending when you are using a bank account?
Why is it important to keep a record of your spending when you are using a bank account?
How often should that information be recorded?
For each transaction:
Deposit to Checking
Charge for Personalized Checks
Why Automated Services?
How does what you do with your
money affect your credit score?
Use a dictionary/book to find the definitions of these vocabulary terms
Do with a partner…
one pair per dictionary/book
Answer in Complete Sentences!
What causes a credit score to rise and fall and how can you personally control your score?
Assignment: Complete Credit Crisis Scenarios
Step 1: Amount minus Down Payment equals Balance
Step 2: Balance times Interest Rate equals Interest Accrued Yearly
Step 3: Interest Accrued Yearly times Length of Loan equals Total Interest
Step 4: Total Interest plus Balance equals Total Paid to Lender
Step 5: Total Paid to Lender divided by Number of Months equals Monthly Payment
1) $12,000 - $1,500 = $10,500 2) $10,500 * .08 = $840
3) $840 * 3 = $2,520 4) $2,520 + $10,500 = $13,020
5) $13,020 / 36 = $361.67
Explain insurance, why it is important to have, and how to minimize your spending.