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Reading is an Investment 2010 5 th -6th Grades Goals should be . . . Be specific SET GOALS Be written so that you can measure the result Be reachable Have a time deadline SET GOALS REACHABLE

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reading is an investment

Reading is an Investment

2010

5th -6th Grades

slide2

Goals should be . . .

  • Be specific

SET GOALS

  • Be written so that you can measure the result
  • Be reachable
  • Have a time deadline
slide3

SET GOALS

REACHABLE

I am going to babysit my brother, earn money, and save $15 in the next four weeks to buy a DVD!

MEASURABLE

TIME DEADLINE

SPECIFIC

slide4

Build off your goals step by step!

Get loan & start my own farm!

Study & earn a college scholarship

Use egg money to go to school

BUY ONE

HEN

slide5

Let’s help the

Duodu family!

The Duodu family has borrowed $100 from the village loan fund. They must pay the money back in 5 months. The family already weaves their own cloth and they sell it in the market. However, they can make more money if they take their cloth and turn it into shirts, skirts and shawls and sell those in the market. The family uses the $100 to buy a second-hand sewing machine.

slide6

Loan: Money paid to someone that must be paid back.

Price: The cost of something that is bought or sold, usually a particular amount of money is required before the exchange takes place.

Profit: The amount by which income is greater than the related expenses.

Earn: To get money by working for it.

Learn some key words!

slide7

Duodu Monthly Budget

360

240

100

20

360

slide8

Set a goal

  • Look at what it will cost you to reach that goal (expenses)

SET GOALS

  • Look at where you will earn the money to cover those expenses (income)
  • Set a reachable timeline to achieve your goal