Personal Finance
Presentation
•
Business
•
10th - 12th Grade
•
Hard
S King
Used 80+ times
FREE Resource
17 Slides • 0 Questions
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PERSONAL FINANCE 101
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What is personal finance?
Identify and prioritize personal and financial goals
Create a plan to achieve those goals
Set up and maintain a personal budget
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WHAT IS A BUDGET?
a plan for spending and saving
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Starting out
Determine my income and expenses
Identify my financial goals (immediate, short-term, long term
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Discretionary Expenses
(wants)
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Nondiscretionary Expenses
(needs)
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Fixed Expenses vs. Variable Expenses
FIXED Expenses that you pay every month and the amount stays the same.
VARIABLE Expenses that you pay every month but the amount changes.
BOTH are usually nondiscretionary
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Creating a Budget: ONE
Determine Income
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Creating a Budget: TWO
Determine Expenses (Fixed/Variable/Discretionary)
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Creating a Budget: THREE
Make the two balance out!
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Helpful Tools
reminders on your phone
place bills in the same spot, pay on schedule
use an app to assist you
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Create a budget that works for you
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Add expenses as you incurr them
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Reminders tell you when your bills are due
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Then live happily ever after!
PERSONAL FINANCE 101
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