16.1

Money ManagementBy: Kelsey Winchester

$35,000- $2916 a month$50,000- $4166 a month

Personal Budget

Income Outcome

Babysitting- $60 Anthropology- $68

Chores- $20 Sunglasses- $10

Cheesecake Factory- $20

Dave Ramsey Calculator

5% interest vs. 12% interest

Vs.

Assets

• Jewelry• Automobile• Home• Personal Computer

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http://images.google.com/imgres?imgurl=http://www.charlesandcolvard.com/images/jewelry_22635_48.jpg&imgrefurl=http://www.charlesandcolvard.com/stunning_jewelry.cfm&usg=__CrqHl-Mm49J6JrLo3iiCgvHSk1g=&h=386&w=400&sz=25&hl=en&start=2&um=1&tbnid=051QzXV6v9NI-M:&tbnh=120&tbnw=124&prev=/images%3Fq%3Djewelry%26hl%3Den%26um%3D1

Liabilities

• Home mortgage• Credit card balance• Education loan• Automobile loans

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http://images.google.com/imgres?imgurl=http://www.iplanretirement.com/retirementblog/wp-content/uploads/2009/03/creditcard.jpg&imgrefurl=http://www.iplanretirement.com/retirementblog/&usg=__HiE_LPpu4efkjgXLeX3JedGvHQk=&h=380&w=425&sz=28&hl=en&start=2&um=1&tbnid=ddhLa1AhHfZyZM:&tbnh=113&tbnw=126&prev=/images%3Fq%3Dcredit%2Bcard%26hl%3Den%26um%3D1

http://images.google.com/imgres?imgurl=http://www.campusaccess.com/images/education.jpg&imgrefurl=http://www.campusaccess.com/education/index.html&usg=__EuY6y81ZgD1U7rky-fvFFE0R5yo=&h=282&w=425&sz=9&hl=en&start=1&um=1&tbnid=s09JXzcY8R89FM:&tbnh=84&tbnw=126&prev=/images%3Fq%3Deducation%26hl%3Den%26um%3D1

Net Worth of a U.S. household

• The average net worth of a U.S. household is about 8-10%

16.1

Economy & Finance

Transcript of 16.1