This program is made possible by The Daniel Graham Foundation and Colorado Society of Certified Public Accountants.

Small Change Adds Up

SPEND – SAVE - SHARE

MONEY – Where does it come from? Where does it go?

How can we pay for all of our “needs” and still afford “wants” (like

entertainment)?

Let’s look at an example-

Let’s say your mom or dad makes $13 per hour at their job

If Mom or Dad works full time there are 2080 work hours/year

So how many dollars is that a year?

$27,040 – Looks like a lot of money, huh?

But before you even get it – TAXES are taken out!

Let’s deduct 8% for taxes – ($2,163)

That leaves $24,877

Which when we divide by 12 gives us $2,073 per month

But….. Where does it go?

•Rent or Mortgage?

•Transportation? (Car, Gasoline, Bus)•Groceries? (If you spend about $75/wk)

•Utilities? (Electricity, Heat, Water)

•Clothes/Shoes/Accessories?

•Cell phones?•Gifts? (Birthdays, Christmas, Charitable)

•Insurance? (Health, Renters, Auto, Homeowners)

•Other? (Toilet Paper, 409, Windex, Shampoo)

$1,000

$100

$200

$325

$100

$100

$80

$40

$40

Well, look right now – We’re down to $88!

And what happens if…

•We need a new lamp or a vacuum cleaner or a couch?

•Mom or Dad has a car payment?

•The car breaks down?

•We need a haircut?

Can you think of some other things?

And what about ENTERTAINMENT?

•Are we going on vacation?

•Do we have Cable TV or Satellite at our house?

•Are we traveling to visit relatives?

•GAMES?

•EATING OUT?

•MOVIES?

That costs money too!

And what else do we like to do for entertainment?

That’s what we’re going to talk about today…

When there’s not a lot of money left for entertainment -

The library is a GREAT place to start!!