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Unit 1 - Your Financial Plan: Where It All Begins

Unit 1 - Your Financial Plan: Where It All Begins. The Five-Step Financial Planning Process. 1-B. S-M-A-R-T GOAL CRITERIA. S pecific. M easurable. A ttainable. R ealistic. T ime-Limited. 1-G. Unit 2 - Budgeting: Making the Most of Your Money. PAY YOUR$ELF FIRST!. S.

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Unit 1 - Your Financial Plan: Where It All Begins

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  1. Unit 1 - Your Financial Plan: Where It All Begins

  2. The Five-Step Financial Planning Process 1-B

  3. S-M-A-R-T GOAL CRITERIA Specific Measurable Attainable Realistic Time-Limited 1-G

  4. Unit 2 - Budgeting: Making the Most of Your Money

  5. PAY YOUR$ELF FIRST! S etting aside money for “big ticket items” A voids borrowing, which costs you a lot! It’s a V ery wise thing to do, because E very time you pay yourself first, you are developing asaving habitthat leaves you with more money to spend later on for things that are really important to you! 2-D-1.(2-D-2 and 2-D-3 on Excel file Unit 2 Visuals.xls)

  6. Unit 3 - Investing: Making Money Work for You

  7. Savings and Investments Unique Investment Features Unique Savings Features Common Features What are some features common to both investments and savings? 3-A

  8. Unit 4 - Good Debt, Bad Debt: Using Credit Wisely

  9. How Long Will It Take??? You owe $3,000. And it will take nearly 11 YEARS to pay off! APR = 18% Payment: 4% of current balance Finance Charge $1715.69 Total cost of original $3,000 loan = $4715.69 After you’ve made the last payment, will what you purchased still be around??? 4-G

  10. Unit 5 - Your Money: Keeping it Safe and Secure

  11. What should you do? Dealing With Deception • You’ve found a pair of shoes at a great price on a Web site you just found. You start the check-out process and notice that the padlock at the bottom of your computer screen is open and that the Web page address starts with “http” instead of “https.” 5-O-4

  12. Unit 6 - Insurance: Protecting What You Have

  13. Managing the Possibility of Loss Avoid it Reduce it Accept it Share it Share it 6-B

  14. Unit 7 - Your Career: Doing What Matters Most

  15. NEFE High School Financial Planning Program Worklife earnings estimates by highest level of educational attainment 4.4 3.4 Millions of 2006 dollars 2.5 2.1 1.6 1.5 1.2 1 Some high school, no degree High school diploma, or equivalent Some college, no degree Associate Degree Bachelor’s Degree Master’s Degree Doctoral Degree Professional Degree Source, US Census Bureau, current population survey, educational attainment in the US. 2005 Education and Experience 7-F

  16. www.bls.gov/k12

  17. Where to Begin! http://hsfpp.nefe.org

  18. Register Teachers

  19. Order Info Kits

  20. Financial Education for a New Generation

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