Financial Literacy Unit Presentation

7/25/2019 Financial Literacy Unit Presentation

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FINANCIAL LITERACY


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INTRODUCTION


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One things forsure, it

doesnt growon trees!

Even thoughwe wish it did

ow "one# is$rinted

Wheredoesmoneycomefrom?
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


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%urve#

Do #ou &urrent'# h(ve( s(vings (&&ount)

Do #ou &urrent'# h(ve( &he&*ing (&&ount)

Do #ou $'(n on owningor &urrent'# own ( &(r)

+h(t is ( good interestr(te for ( &(r 'o(n)

Do #ou $'(n on owning( house one d(#)

+h(t wou'd #ou do ton(n&e #our house)

+h(t is ( down$(#"ent)

C(n #ou $ur&h(se (house without ( down$(#"ent)

Do #ou &urrent'# h(ve (&redit &(rd or 'o(n)

+h(t is ( &o-signer)

+h(t h($$ens if #ouh(ve ( &o-signer on ('o(n (nd #ou neg'e&t

#our $(#"ents)


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Co"$'ete the

.uestionn(ire in #ournotes +e wi'' dis&us

#our Re$onses in (few "inutes


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+h# stud# n(n&i(' 'iter()

The st(te s(#s we need to!

The nu"/er of fore&'osures (nd/(n*ru$t&ies (re in&re(sing

Une"$'o#"ent &ontinues to /e unst(/'eCredit &(rd use h(s gotten out of &ontro'

You h(ve the &h(n&e to /e s"(rt with #ourn(n&es fro" the ver# /eginning!


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0(si& 1o&(/u'(r#

Revenue2wh(t #ou e(rn

E3$enses2wh(t #ou s$end

Net 4rot2tot(' revenues "inus tot(' e3$ensesNet In&o"e2s("e (s net $rot

De$re&i(tion2redu&tion in v('ue over ti"e

A$$re&i(tion2in&re(se in v('ue over ti"e

Consu"er2 ( $erson who /u#s goods (ndservi&es


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5ore 1o&(/u'(r#

Credit2"one# th(t ( /(n* or /usiness wi'' (''ow( $erson to use (nd then $(# /(&* in the future

Asset2so"ething #ou own th(t h(s v('ue

Li(/i'it#2so"ething #ou owe for

0('(n&e2the di6eren&e /etween &redits (ndde/its in (n (&&ount

0udget2(n ("ount of "one# (v(i'(/'e fors$ending th(t is /(sed on ( $'(n for how it wi''/e s$ent


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Fin(n&i(' Liter( 1o&(/u'(r#Assign"entDirections: Using the vocabulary we just went over,

you are to pick ve words

!fter picking your " words you are to create a

#poster$ for each word using Word, %ower%ointor %ublisher

&our poster needs to include the following:

'he word

'he denition ! picture or symbol clearly showing what the

word means

! sentence clearly showing an understanding ofthe word(s meaning with the vocab word includedin the sentence


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%4ENDIN7 5ONEY 8 DE0T


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ousing9Uti'ities

FoodTr(ns$ort(tion

Retire"ent

Edu&(tione('th C(re

Insur(n&e

ouseho'd %u$$'ies

%(vingsEntert(in"ent

4erson(' C(re4rodu&ts

Ch(rit(/'e Don(tions

T(3es

5is&e''(neous

Do #ou never h(ve enough"one#)


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+h(t do I do)

5ortg(ge: ;

Uti'ities: ;?@-;BB

7ro&eries: ;B>

Tr(ns$ort(tion: ;?>>for g(s ( "onth

C(r 4(#"ent: ;=>

Retire"ent: ;=B

Edu&(tion: ;B>> for"# student 'o(n

e('th C(re: ;=@

C(r Insur(n&e: ; ("onth

ouseho'd %u$$'ies:v(ries--;B>> ( "onth

%(vings: ;B>> ( "onthEntert(in"ent: ;>

Don(tions: ;B>

Other - ;>Internet

4hone

%ho$$ing

4erson(' Lo(ns


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+h(t do others do)

Food is ( huge e3$ense for $eo$'e!

? of &onsu"ers (re s$ending "ore or

the s("e on gro&eries (s the# were B#e(rs (go

ow &(n $eo$'e s(ve "one# on food)

ow &(n #ou &ut /(&* on other e3$enses)


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CREDIT CARD%


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Credit

The denition of &redit is the /orrowing&($(&it# of (n individu(' or &o"$(n#

You &(nnot /orrow "one# without ( &redithistor# so"eti"es ( 'ender wi'' re.uire (&o-signer

You /ui'd #our &redit histor# /#/orrowing "one# (nd $(#ing it o6

$(#ing /i''s on ti"e


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Credit %&ores

5ost 'enders use the FICO "ethodThe nu"/ers r(nge fro" =>> to >

The higher the s&ore, the /etter #our &redit

Your s&ore is /(sed onYour $(#"ent histor# G=H2higher if #ou $(# on

ti"e

Outst(nding de/t G=>H2(n if #ou owe "ore th(n

#ou e(rnLength of &redit histor# G?H2how 'ong #ouve

/een /orrowing "one#

New &redit G?>H2getting ( new &(rd or 'o(n

T#$es of &redit G?>H2(re #ou diverse)


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+(rning: C(refu' ow You %$end

ee$ing #our &redit s&ore he('th# (''ows #ou to t(*e out'o(ns with ( 'ower interest r(teLower Interest R(te J Lower 4(#"ent!

Your &redit 'i"it J The ("ount #ou (re ($$roved for on( &redit &(rdYou &(nnot go over #our 'i"it!

5(*e sure to on'# use => of #our &redit 'i"it, to *ee$#our s&ore he('th# (nd highie ;?>> Credit Li"it J %$ending no "ore th(n ;=> ( "onth

ie ;@,>>> Credit Li"it J %$ending no "ore th(n ;B,?>> ("onth


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You &(n /u#so"ething when #ou

dont h(ve the &(shfor it

%(fer th(n &(rr#ing&(sh

E(sier to use th(n (&he&*

e'$s est(/'ish &redit

E(sier to s$end"one# #ou dont

h(veNeed to $(# interest

2(nd r(tes v(r#

C(n &h(rge (n

(nnu(' fee

4en('ties for '(te or"issed $(#"ents

Credit C(rd Use


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ow do I 7et ( Credit Re$ort

Free Credit Re$orts2dont trust the &o""er&i('s!On'ine: 1isit !nnual)redit*eportcom

GThis is the ONLY site th(ts tru'# free!Dont /e foo'ed /# (ds s(#ing otherwiseH

Due to the $(ss(ge of the B>>= F(ir (ndA&&ur(te Credit Tr(ns(&tion A&t GFACTAH, (''

A"eri&(ns (re entit'ed to one free &reditre$ort fro" e(&h of the three "(Mor &reditre$orting (gen&ies2E.uif(3, E3$eri(n (ndTr(nsUnion2u$on re.uest ever# ?B "onths
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


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+hen To Use De/it vs Credit


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0ANIN7 8 %A1IN7%ACCOUNT%


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There (re ve di6erent t#$es of(&&ounts th(t (re (v(i'(/'e (t"ost /(n*s


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Che&*ing A&&ount

Uses ( &he&* (s the $ri"(r# "(nner ofwithdr(wing "one#

C(n ('so use ( &he&* to "(*e $ur&h(ses

5ost h(ve AT59De/it &(rds (tt(&hed tothe"


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+riting ( Che&* ?>?

? D(te

B +ho #oure $(#ing

= Do''(r ("ount innu"/ers

Do''(r ("ount in words

O$tion(' "e"o

%ign(ture

@ N("e9Address94hone Che&* Nu"/er

Codes for the /r(n&h

?? Routing nu"/er


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+riting ( &he&* ?>?

Bill for: Ford Auto

Price: $592.89

Account Number: 321876!

+ord !uto

"-.-"

+ive /undred 0inety1'wo2 34-55

6hayla

7reer!cct 8:.9-3;55

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Financial Literacy Unit Presentation