Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

(Archive) review of financial literacy for high school

No description
by

andson foundation

on 17 June 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of (Archive) review of financial literacy for high school

Don't Stop believing....In Your Future!
The Journey
.....for financial success
FINISH
Budgeting
PYF
car loans
mortgage
student loans
Credit
Insurance
Wants
Vs.
Needs
Adults have wants too...But need to spend money
more wisely
Financial Planning
Goals
SMART
pecific
easurable
ttainable
ealistic
imely
short term
intermediate term
long term
Create a Plan
Make
Your
Decision
Weigh
pros
vs.
cons
Evaluate
Results
Examine
Options
Identify
Your
Goal
Steps to Developing a Plan
Establish
Criteria
REMEMBER...Life changes so change your plan to go with it!
pay yourself first
Income
&
Expenses
- paycheck
- federal taxes
- state taxes
- social security
- medicare
- others?
fixed
variable
periodic
Investments
Risk vs. Reward
Retirement
Time Value of $
interest= principle x rate x time
$3.00= $100 x 3% x 1 yr
social security= highest earnings for 35 yrs

can claim benefits @ 62 but full benefits start @ 67
IRA= Individual Retirement Account
401k= retirement acct thru employment
GOOD debt vs. BAD debt
credit card
payday loans/check cashing
rent-to-own
Credit Score
...it's your adult reputation
Keeping My Money Safe & Secure

#danger
#convenience
#interest
why use a Bank?
Banks
* for-profit companies
owned by shareholders
* managed by a paid board of directors;
elected by the bank shareholders
*
offer services to everyone
; anyone can become a customer
*
owned by shareholders
; customers do not have ownership or voting privileges unless they also own stock in the bank
* profit benefit the stockholders
* accounts are federally insured up to $100k
by the FDIC
Credit Unions
*
not-for-profit institutions owned &
controlled by their own customers,
who are known as
members
* managed
by a
member & volunteer
board of directors, who are elected by members
* offer t
heir
services to specific group of people
& may be employer-, church-, community-, or alumni-sponsored (among others); customers must qualify for credit union membership through their membership w/ these special groups of people
* owned by each credit union member,
who have equal ownership & one vote
, regardless of how much money a member has on deposit
* profit are returned
to members in the form of
lower fees & loan rates & higher interest
on deposit
* accounts are federally insured up to $100k
by the NCUA
auto
protect you, your vehicle, &/or parties involved
life
provides financial support for those that depend on you in case of death
health
pays medical bills when you or family become sick or injured
property
protects your property in case of fire, flood, or theft...renters or homeowner insurance
disability
protects your earning power
liability
usually a part of homeowners or auto- protects you are legally responsible for someones injury
identity theft
START HERE
risk vs. reward
Types of Investments
* $5,000 per year can be deposited from net income
(after taxes on paycheck)
* $17,500 per year can be deposited from gross income
(before taxes on paycheck)
protect yourself
Now, conquer the world
Full transcript