Saving and budgeting

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Saving and budgeting

  1. 1. Saving and Budgeting
  2. 2. Goals of a Market Economy? <ul><li>Describe a Market Economy </li></ul><ul><ul><li>Unique Characteristics </li></ul></ul>
  3. 4. How will you compete? <ul><li>Earning a wage… </li></ul><ul><li>Jobs? </li></ul><ul><li>Careers? </li></ul><ul><li>Education? </li></ul>
  4. 7. What to do next…
  5. 8. Saving <ul><li>Why do we save? </li></ul><ul><li>How do we save? </li></ul>
  6. 9. Saving <ul><li>“ Pay yourself first” </li></ul><ul><li>Set goals-Short Term & Long Term </li></ul><ul><li>The amount of your income not spent on consumption </li></ul>
  7. 10. Bank Accounts <ul><li>Savings account </li></ul><ul><li>Checking account </li></ul><ul><li>Certificate of Deposit (C.D) </li></ul>
  8. 11. Choosing an Account <ul><li>Factors to consider </li></ul><ul><li>Why do you need it?-Convenience </li></ul><ul><li>■ Interest rate </li></ul><ul><li>■ Fees, charges, and penalties </li></ul><ul><li>■ Balance requirement </li></ul>
  9. 12. Look at Accounts <ul><li>Look at Account selection sheet </li></ul><ul><li>Specific Bank Applications </li></ul><ul><li>Online Bill Pay </li></ul>
  10. 13. Budgeting <ul><li>Creating a budget </li></ul><ul><ul><li>Estimate, Track, Adjust </li></ul></ul><ul><li>Sample budgets </li></ul><ul><ul><li>Your Turn </li></ul></ul>

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