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