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YIS Module 1 - Lesson 2

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Young Investors Society

on 26 August 2017

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Transcript of YIS Module 1 - Lesson 2

OVERVIEW
In this lesson you will learn the importance of a budget. You will analyze a sample budget and then complete a web quest to build a sample budget of your own. You will discuss the important items in your current budgets and how you can save more money.
OBJECTIVES
At the conclusion of this lesson, you should:
Understand the importance of establishing and maintaining a budget.
MODULE
1
FIVE STEPS TO FINANCIAL FREEDOM
|
Lesson 2
SAVING MONEY
Curriculum, videos and lesson plans.
YIS Website
www.younginvestorssociety.org
YIS Glossary of Terms
www.younginvestorssociety.org/resources
For stock charts and basic company information.
YAHOO
FINANCE
finance.yahoo.com
The Early Investor (YIS Edition): How Teens & Young Adults Can Become Wealthy
MICHAEL
ZISA
http://goo.gl/HdYyQQ
Online portal of stock research reports.
SEEKING
ALPHA
www.seekingalpha.com
Great daily content and stock picks.
MOTLEY
FOOL
www.fool.com
ADDITIONAL
RESOURCES
CLICK
on the blue rectangles to get the website and description of the resource
HIT
after watching a resource to return
here

to continue with the Prezi
LET'S

BEGIN
Create a sample budget.
HANDOUT
1
Sarah's Budget
Follow up
from last lesson...
Who
did you interview?
What
did you learn?
BUDGETS
What do you think a budget is?
you must first know where all your
money
is going each month
Before you are able to
SAVE
INVEST
and
money
A
budget
is simply a list of expected income and expenses for a given period of time, usually a month or a year
This is what a
BUDGET
does
A budget helps you know your cash flow or how much money is
COMING IN
COMING OUT
+
-
and
MONTHLY INCOME
MONTHLY EXPENSES
Paycheck
Rent
Groceries
$500
$400
$200
TOTAL
-$100
If
more
money is going out than coming in...
NEGATIVE
CASH FLOW
MONTHLY INCOME
MONTHLY EXPENSES
Paycheck
Rent
Groceries
$500
$400
$200
TOTAL
+$100
If
less
money is going out than coming in...
Phone sell
$200
POSITIVE
CASH FLOW
and you have money to
INVEST
Examples of
INCOME
Examples of
EXPENSES
Your paycheck
A bonus from your job
Interest from a bank account
Stock Dividends
Interest from bonds
Rent or mortgage payments
Car loan payments
Groceries
Entertainment
Utilities
Health care costs
Gas and car maintenance
Clothing
check
You will now complete a
PERSONAL BUDGET
WEB QUEST
http://questgarden.com/117/20/9/160617064609/index.htm
Check these additional
BUDGETING
ACTIVITIES
http://www.budgetworksheets.org/
http://www.lifestylecalculators.com/pay-yourself-first/
For basic stock concepts.
WALLSTREETSURVIVOR
www.wallstreetsurvivor.com
LET'S

PLAY
https://play.kahoot.it/#/k/e934ff53-a16c-4e06-97a2-edbdcc289d81
Full transcript