L-6 Spending Time L-6 Spending Time &Money Wisely&Money Wisely

ObjectivesObjectives1.Why you need to follow a time 1.Why you need to follow a time management planmanagement plan2.How money management affects 2.How money management affects your quality of lifeyour quality of life3.How to make choices that help 3.How to make choices that help you manage money responsibilityyou manage money responsibility

Managing your timeManaging your time

Managing Your TimeManaging Your TimeThe most important element of time The most important element of time

management is planning. You might management is planning. You might plan a day or even a week of your plan a day or even a week of your time. Steps to be followed are time. Steps to be followed are 1.Identify your priorities, those 1.Identify your priorities, those activities that matter the most to you.activities that matter the most to you.

2.Review your list. Eliminate time 2.Review your list. Eliminate time wasting activities.wasting activities.

3.Order the items on your list in terms 3.Order the items on your list in terms of your priorities.of your priorities.

4.Assign each activity a realistic 4.Assign each activity a realistic period of time.period of time.5.Review your plan 5.Review your plan occasionally.By sticking to it you occasionally.By sticking to it you will reap many benefits.will reap many benefits.

Benefits of managing time.Benefits of managing time.

Your health improves when you Your health improves when you follow a time management plan.follow a time management plan.Your stress decreases and Your stress decreases and enjoyment increases.enjoyment increases.You feel relaxed, which enables You feel relaxed, which enables you to enjoy the company of you to enjoy the company of others.others.You are able to sleep at night You are able to sleep at night without worrying about what the without worrying about what the next day will bring.next day will bring.

Getting enough sleep and Getting enough sleep and participating in healthful activities participating in healthful activities will contribute to your overall will contribute to your overall physical health.physical health.You will be better able to cope You will be better able to cope with challenges.with challenges.

Managing your moneyManaging your money

Managing Your MoneyManaging Your MoneyBenefits of spending Benefits of spending

wiselywiselyBudget: It is a written plan for saving Budget: It is a written plan for saving

and spending money. Steps to be and spending money. Steps to be followedfollowed

Make a list of the sources of incomeMake a list of the sources of income List the amount of money you spend List the amount of money you spend

and items or services that you and items or services that you purchasepurchase

Compare your expenses to your Compare your expenses to your income..income..

A budget helps you determine spending priorities, avoid wasting money and stay within your income.

Short term advantages.1.You have more money to spend on enjoyable and healthful activities and products.2.Your stress level will decrease.3.Without drain of money worries,you have more energy

Long-term effectsLong-term effects

1.You can adapt income and 1.You can adapt income and expenses change.expenses change.

2.In addition,developing the habit 2.In addition,developing the habit of saving or investing at a young of saving or investing at a young age lead to benefits later in age lead to benefits later in life,when you need money for life,when you need money for major purchases.major purchases.

Using Money wiselyUsing Money wisely1. 1. Balanced budget is a paln in Balanced budget is a paln in which your income is equal to or which your income is equal to or greater than your expenses.greater than your expenses.2.If your income is greater than 2.If your income is greater than expenses ,you have money for expenses ,you have money for savings.savings.

Credit cardsCredit cards

Credit cards and DebtCredit cards and DebtCredit card-is a card issued by bank or other business that agrees to pay for the cardholders expenses and let him or her pay the money back laterInterest is the money that is paid for the use of borrowed or deposited money.Debt-is owing money to someone.

Entertainment and Entertainment and Shopping AddictionsShopping Addictions

Entertainment and Entertainment and Shopping AddictionsShopping Addictions

Some teens spend a lot of time and Some teens spend a lot of time and money on entertainment and money on entertainment and shopping. This may seem like shopping. This may seem like normal behavior ,but when taken to normal behavior ,but when taken to extremes ,it may be a sign of a extremes ,it may be a sign of a serious health problemsserious health problems

Entertainment AddictionEntertainment Addiction

Entertainment addiction is a craving for Entertainment addiction is a craving for constant amusement that interferes constant amusement that interferes with emotional ,social ,and physical with emotional ,social ,and physical health.health.

Teen with entertainment addiction Teen with entertainment addiction might spend most of their time might spend most of their time watching television ,going to the movies watching television ,going to the movies ,listening to music or playing video and ,listening to music or playing video and computer games.computer games.

Risk –Watching Risk –Watching TelevisionTelevision

Reduces the type of brain activity Reduces the type of brain activity needed to solve problemsneeded to solve problems

It also gives unrealistic view of the worldIt also gives unrealistic view of the world Other shows may desensitize teen Other shows may desensitize teen

viewers to violenceviewers to violence Desensitization means reacting less and Desensitization means reacting less and

less to something you are exposed to.less to something you are exposed to.

Teen exposed to violent program Teen exposed to violent program may begin to see violence as a way may begin to see violence as a way of lifeof life

Being addicted to the computer can Being addicted to the computer can also be problem for teens. some use also be problem for teens. some use online services to deal with online services to deal with loneliness ,depression and anxietyloneliness ,depression and anxiety

Shopping addictionShopping addiction

Shopping addiction is the Shopping addiction is the uncontrollable urge to shop and buy uncontrollable urge to shop and buy things.Teens with shopping addiction things.Teens with shopping addiction buy on impulse again and again.They buy on impulse again and again.They shop even if they don’t need shop even if they don’t need anything.anything.

Teens with shopping addiction get a Teens with shopping addiction get a “high” from shopping that might “high” from shopping that might relieve their feelings of relieve their feelings of boredom ,loneliness ,or anxiety. They boredom ,loneliness ,or anxiety. They feel better for a little while ,but the feel better for a little while ,but the uncomfortable feelings come back. uncomfortable feelings come back. This addiction is temporary from This addiction is temporary from emotional pain.emotional pain.

Bring shopping addiction Bring shopping addiction under controlunder control

To practice making a list and buying only To practice making a list and buying only the things on that list.the things on that list.

Those addicted to shopping should should Those addicted to shopping should should also avoid places and things that make it also avoid places and things that make it easy to buy ,such as discount easy to buy ,such as discount warehouses ,catalogs ,and television warehouses ,catalogs ,and television shopping channels.shopping channels.

Teens with addiction should talk to the Teens with addiction should talk to the counselor about their feelings of boredom.counselor about their feelings of boredom.

Teens can try new sport activities.Teens can try new sport activities.