Money ManagementThe Why and the How on Budgeting and Spending for Everyday Life.

My Goal

By the end of this series of lessons, A.) my students will

know B.) how to create and manage a monthly budget, will

know the requirements and annual payout of their selected

careers, the good, the bad, and the ugly of credit and credit

cards, how inflation works in a growing economy, and the

importance of taxes through C.) a series of in class

Discussions, group activities, and individual research and

Presentations by D.) the end of the next 2 months with at

Least 90% participation from all of my students present.

What is a Budget?

Budget(N) - an estimate of income and expenditure for a set period of time.

To create a budget you need a known source of income, and all possible bills and other expenditures you might possibly need to pay off with that source of income.

(Ex. Your car breaks down, $180 worth of repairs needed for that month.)

Lesson 1: Creating the Budget

Cost of Living

Lesson 2: Careers

There are many reasons why we select the careers we choose in life. 85% of people asked in a survey said the job they currently held was completely different from what they wanted to be in high school.

My goal for this lesson is to teach students that the job they want may not be the easiest path on the road of life.

Steve Jobs Talks about Success

http://www.youtube.com/watch?v=KuNQgln6TL0

Lesson 3: The Importance of Credit

Credit is one of the driving factors that stimulates the economy. To have credit allows you to take out loans for larger purchases needed in life.

(Ex. Automobiles, Home Mortgages, College)

The Power/Dangers of Plastic

=

RFID Identity Thefthttp://www.youtube.com/watch?v=lLAFhTjsQHw

Lesson 4: Inflation

Inflation occurs when the prices of goods and services increase over time. Inflation cannot be measured by an increase in the cost of one product or service, or even several products or services. Rather, inflation is a general increase in the overall price level of the goods and services in the economy.

Lesson 5: Taxes

Life in many places, especially in the United States, taxes are a staple in our lives. Taxes help make communities better and give people who are less fortunate an ability to live, as well as many other reasons.

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin