Financial Literacy Unit Presentation

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<ul><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 1/36</p><p>FINANCIAL LITERACY</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 2/36</p><p>INTRODUCTION</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 3/36</p><p>One things forsure, it</p><p>doesnt growon trees!</p><p>Even thoughwe wish it did</p><p>ow "one# is$rinted</p><p>Wheredoesmoneycomefrom?</p>http://money.howstuffworks.com/54-how-money-is-made-video.htmhttp://money.howstuffworks.com/54-how-money-is-made-video.htmhttp://money.howstuffworks.com/54-how-money-is-made-video.htmhttp://money.howstuffworks.com/54-how-money-is-made-video.htm</li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 4/36</p><p>%urve#</p><p>Do #ou &amp;urrent'# h(ve( s(vings (&amp;&amp;ount)</p><p>Do #ou &amp;urrent'# h(ve( &amp;he&amp;*ing (&amp;&amp;ount)</p><p>Do #ou $'(n on owningor &amp;urrent'# own ( &amp;(r)</p><p>+h(t is ( good interestr(te for ( &amp;(r 'o(n)</p><p>Do #ou $'(n on owning( house one d(#)</p><p>+h(t wou'd #ou do ton(n&amp;e #our house)</p><p>+h(t is ( down$(#"ent)</p><p>C(n #ou $ur&amp;h(se (house without ( down$(#"ent)</p><p>Do #ou &amp;urrent'# h(ve (&amp;redit &amp;(rd or 'o(n)</p><p>+h(t is ( &amp;o-signer)</p><p>+h(t h($$ens if #ouh(ve ( &amp;o-signer on ('o(n (nd #ou neg'e&amp;t</p><p>#our $(#"ents)</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 5/36</p><p>Co"$'ete the</p><p>.uestionn(ire in #ournotes +e wi'' dis&amp;us</p><p>#our Re$onses in (few "inutes</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 6/36</p><p>+h# stud# n(n&amp;i(' 'iter()</p><p>The st(te s(#s we need to!</p><p>The nu"/er of fore&amp;'osures (nd/(n*ru$t&amp;ies (re in&amp;re(sing</p><p>Une"$'o#"ent &amp;ontinues to /e unst(/'eCredit &amp;(rd use h(s gotten out of &amp;ontro'</p><p>You h(ve the &amp;h(n&amp;e to /e s"(rt with #ourn(n&amp;es fro" the ver# /eginning!</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 7/36</p><p>0(si&amp; 1o&amp;(/u'(r#</p><p>Revenue2wh(t #ou e(rn</p><p>E3$enses2wh(t #ou s$end</p><p>Net 4rot2tot(' revenues "inus tot(' e3$ensesNet In&amp;o"e2s("e (s net $rot</p><p>De$re&amp;i(tion2redu&amp;tion in v('ue over ti"e</p><p>A$$re&amp;i(tion2in&amp;re(se in v('ue over ti"e</p><p>Consu"er2 ( $erson who /u#s goods (ndservi&amp;es</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 8/36</p><p>5ore 1o&amp;(/u'(r#</p><p>Credit2"one# th(t ( /(n* or /usiness wi'' (''ow( $erson to use (nd then $(# /(&amp;* in the future</p><p>Asset2so"ething #ou own th(t h(s v('ue</p><p>Li(/i'it#2so"ething #ou owe for</p><p>0('(n&amp;e2the di6eren&amp;e /etween &amp;redits (ndde/its in (n (&amp;&amp;ount</p><p>0udget2(n ("ount of "one# (v(i'(/'e fors$ending th(t is /(sed on ( $'(n for how it wi''/e s$ent</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 9/36</p><p>Fin(n&amp;i(' Liter( 1o&amp;(/u'(r#Assign"entDirections: Using the vocabulary we just went over,</p><p>you are to pick ve words</p><p>!fter picking your " words you are to create a</p><p>#poster$ for each word using Word, %ower%ointor %ublisher</p><p> &amp;our poster needs to include the following:</p><p> 'he word</p><p> 'he denition ! picture or symbol clearly showing what the</p><p>word means</p><p> ! sentence clearly showing an understanding ofthe word(s meaning with the vocab word includedin the sentence</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 10/36</p><p>%4ENDIN7 5ONEY 8 DE0T</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 11/36</p><p>ousing9Uti'ities</p><p>FoodTr(ns$ort(tion</p><p>Retire"ent</p><p>Edu&amp;(tione('th C(re</p><p>Insur(n&amp;e</p><p>ouseho'd %u$$'ies</p><p>%(vingsEntert(in"ent</p><p>4erson(' C(re4rodu&amp;ts</p><p>Ch(rit(/'e Don(tions</p><p>T(3es</p><p>5is&amp;e''(neous</p><p>Do #ou never h(ve enough"one#)</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 12/36</p><p>+h(t do I do)</p><p>5ortg(ge: ;</p><p>Uti'ities: ;?@-;BB</p><p>7ro&amp;eries: ;B&gt;</p><p>Tr(ns$ort(tion: ;?&gt;&gt;for g(s ( "onth</p><p>C(r 4(#"ent: ;=&gt;</p><p>Retire"ent: ;=B</p><p>Edu&amp;(tion: ;B&gt;&gt; for"# student 'o(n</p><p>e('th C(re: ;=@</p><p>C(r Insur(n&amp;e: ; ("onth</p><p>ouseho'd %u$$'ies:v(ries--;B&gt;&gt; ( "onth</p><p>%(vings: ;B&gt;&gt; ( "onthEntert(in"ent: ;&gt;</p><p>Don(tions: ;B&gt;</p><p>Other - ;&gt;Internet</p><p>4hone</p><p>%ho$$ing</p><p>4erson(' Lo(ns </p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 13/36</p><p>+h(t do others do)</p><p>Food is ( huge e3$ense for $eo$'e!</p><p>? of &amp;onsu"ers (re s$ending "ore or</p><p>the s("e on gro&amp;eries (s the# were B#e(rs (go</p><p>ow &amp;(n $eo$'e s(ve "one# on food)</p><p>ow &amp;(n #ou &amp;ut /(&amp;* on other e3$enses)</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 14/36</p><p>CREDIT CARD%</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 15/36</p><p>Credit</p><p>The denition of &amp;redit is the /orrowing&amp;($(&amp;it# of (n individu(' or &amp;o"$(n#</p><p>You &amp;(nnot /orrow "one# without ( &amp;redithistor# so"eti"es ( 'ender wi'' re.uire (&amp;o-signer</p><p>You /ui'd #our &amp;redit histor# /#/orrowing "one# (nd $(#ing it o6</p><p>$(#ing /i''s on ti"e</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 16/36</p><p>Credit %&amp;ores</p><p>5ost 'enders use the FICO "ethodThe nu"/ers r(nge fro" =&gt;&gt; to &gt;</p><p>The higher the s&amp;ore, the /etter #our &amp;redit</p><p>Your s&amp;ore is /(sed onYour $(#"ent histor# G=H2higher if #ou $(# on</p><p>ti"e</p><p>Outst(nding de/t G=&gt;H2(n if #ou owe "ore th(n</p><p>#ou e(rnLength of &amp;redit histor# G?H2how 'ong #ouve</p><p>/een /orrowing "one#</p><p>New &amp;redit G?&gt;H2getting ( new &amp;(rd or 'o(n</p><p>T#$es of &amp;redit G?&gt;H2(re #ou diverse) </p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 17/36</p><p>+(rning: C(refu' ow You %$end</p><p>ee$ing #our &amp;redit s&amp;ore he('th# (''ows #ou to t(*e out'o(ns with ( 'ower interest r(teLower Interest R(te J Lower 4(#"ent!</p><p>Your &amp;redit 'i"it J The ("ount #ou (re ($$roved for on( &amp;redit &amp;(rdYou &amp;(nnot go over #our 'i"it!</p><p>5(*e sure to on'# use =&gt; of #our &amp;redit 'i"it, to *ee$#our s&amp;ore he('th# (nd highie ;?&gt;&gt; Credit Li"it J %$ending no "ore th(n ;=&gt; ( "onth</p><p>ie ;@,&gt;&gt;&gt; Credit Li"it J %$ending no "ore th(n ;B,?&gt;&gt; ("onth</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 18/36</p><p>You &amp;(n /u#so"ething when #ou</p><p>dont h(ve the &amp;(shfor it</p><p>%(fer th(n &amp;(rr#ing&amp;(sh</p><p>E(sier to use th(n (&amp;he&amp;*</p><p>e'$s est(/'ish &amp;redit</p><p>E(sier to s$end"one# #ou dont</p><p>h(veNeed to $(# interest</p><p>2(nd r(tes v(r#</p><p>C(n &amp;h(rge (n</p><p>(nnu(' fee</p><p>4en('ties for '(te or"issed $(#"ents</p><p>Credit C(rd Use</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 19/36</p><p>ow do I 7et ( Credit Re$ort</p><p>Free Credit Re$orts2dont trust the &amp;o""er&amp;i('s!On'ine: 1isit !nnual)redit*eportcom</p><p> GThis is the ONLY site th(ts tru'# free!Dont /e foo'ed /# (ds s(#ing otherwiseH</p><p>Due to the $(ss(ge of the B&gt;&gt;= F(ir (ndA&amp;&amp;ur(te Credit Tr(ns(&amp;tion A&amp;t GFACTAH, (''</p><p>A"eri&amp;(ns (re entit'ed to one free &amp;reditre$ort fro" e(&amp;h of the three "(Mor &amp;reditre$orting (gen&amp;ies2E.uif(3, E3$eri(n (ndTr(nsUnion2u$on re.uest ever# ?B "onths</p>http://www.youtube.com/watch?v=7dFbNw3bpKEhttp://www.youtube.com/watch?v=7dFbNw3bpKEhttp://www.youtube.com/watch?v=7dFbNw3bpKEhttp://www.youtube.com/watch?v=7dFbNw3bpKE</li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 20/36</p><p>+hen To Use De/it vs Credit</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 21/36</p><p>0ANIN7 8 %A1IN7%ACCOUNT%</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 22/36</p><p>There (re ve di6erent t#$es of(&amp;&amp;ounts th(t (re (v(i'(/'e (t"ost /(n*s</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 23/36</p><p>Che&amp;*ing A&amp;&amp;ount</p><p>Uses ( &amp;he&amp;* (s the $ri"(r# "(nner ofwithdr(wing "one#</p><p>C(n ('so use ( &amp;he&amp;* to "(*e $ur&amp;h(ses</p><p>5ost h(ve AT59De/it &amp;(rds (tt(&amp;hed tothe"</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 24/36</p><p>+riting ( Che&amp;* ?&gt;?</p><p>? D(te</p><p>B +ho #oure $(#ing</p><p>= Do''(r ("ount innu"/ers</p><p> Do''(r ("ount in words</p><p> O$tion(' "e"o</p><p> %ign(ture</p><p>@ N("e9Address94hone Che&amp;* Nu"/er</p><p> Codes for the /r(n&amp;h</p><p>?? Routing nu"/er</p></li><li><p>7/25/2019 Financial Literacy Unit Presentation</p><p> 25/36</p><p>+riting ( &amp;he&amp;* ?&gt;?</p><p>Bill for: Ford Auto</p><p>Price: $592.89</p><p>Account Number: 321876!</p><p>+ord !uto</p><p>"-.-"</p><p>+ive /undred 0inety1'wo2 34-55</p><p>6hayla</p><p>7reer!cct 8:.9-3;55</p></li></ul>