Budgets and gratification mistakes
Presentation
•
Mathematics
•
6th - 12th Grade
•
Easy
Standards-aligned
Carolan Schaefer
Used 6+ times
FREE Resource
6 Slides • 4 Questions
1
Budgets and how to create one
by Ms. Schaefer
2
Poll
Every business- no matter how big or small- must use budgets
Agree
Disagree
3
We want a balanced budget
The money you spend = the money you make
4
Multiple Choice
What is the purpose of a budget?
to help people improve their education and skills
to help people determine how to train for their jobs
to help people live healthier lives and exercise more
to help people plan their spending and saving decisions
5
Multiple Choice
Which of the following is an example of income?
trading supplies with your friend
money you get for working a job
buying an ice cream at lunch today
charging a lunch you will pay tomorrow
6
Necessary Expenses
Rent/Mortgage
Car payment
Car insurance
Cell phone bill
Savings
Gas for Car
Utilities
Food
Money for Personal Hygiene
7
Other Expenses
Build it into your budget or you shouldn't buy it
Using your savings to buy large purchases is a good idea but set a goal so you don't overspend and leave yourself with nothing.
Do not impulse buy! Beware of instant gratification.
8
Instant Gratification
Instant gratification is a problem in today's world
You must work to overcome it if it is a problem for you
Some don't realize it is a problem until they get into financial trouble
9
Delayed Gratification
This is our goal
It is where you delay doing or getting something so you can get something later maybe something bigger and better.
10
Multiple Choice
Which of the following is the MOST financially responsible decision?
Tommy gets $50 for his birthday from his grandma. He spends $75 on Xbox games
Jamal earns $100 lifeguarding. He spent $5 on lunch and put the rest in the bank
Katrina sold her old bike helmet for $10 to a friend. She gave the $10 to her favorite charity.
Stacy was paid $25 for helping her neighbor in the yard. She spent $20 on a T-shirt and $5 on ice cream.
Budgets and how to create one
by Ms. Schaefer
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