15. Gross Income: Total income without deductions Net Income: Gross income after deductions or subtractions, such as Social Security and other taxes What You REALLY Earn: Income (cont’d)
16.
17.
18.
19.
20. ATM Fees Computerware Parties Cosmetics Online Services Nail Services Sneakers Cell Phones Dating Ice Cream Parking Fees CDs Gifts Bottled Water Bounced Checks Clubs Cigarettes Greeting Cards Tanning Haircuts Videos Cable TV Late Payment Fees Dinners Out Gasoline Books Fast Food Attacks Dry Cleaning Car Wash Lottery Tickets Magazines Movie Rentals Sports Lunches Out iTunes Gambling Prescriptions Household Items Pet Costs Licenses Speeding Tickets Cash Advance Fees Munchies Vending Machines Souvenirs
23. What are some ways we can decrease our spending? Step 3: Find Ways to Decrease Spending
24.
25. What are some ways we can increase our income? Step 4: Find Ways to Increase Income
26.
27.
28.
29.
30.
31.
32. Help! I Can’t Pay My Bills! Scenario: You add up your bills and the total is $900, but your income is only $600…. What do you do? Think about the bills that would be the most important!
33. Help! I Can’t Pay My Bills! (cont’d) If you have to choose, think of major obligations first:
34. Activity 5: A Hole in Todd’s Pocket Can we come up with 6 ideas to help Todd?
Suggested changing top question to: How Do I Know What Bank is Right for Me?. If that is too big a change, add to the slide content question the phrase: “about the bank” as in “You should ask yourself several questions about the bank , including:” JK: I kept the question since it matches the lesson, but changed the “Before you open….” wording.
Changed dash from keyboard dash to symbol to be consistent with other slides..
Changed dashes to symbols to be consistent with other slides. –