Download Personal Finance Literacy

PERSONAL FINANCE
LITERACY
HANDSONBANKING.ORG
Know how your money works!
What is Personal Finance Literacy?
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Personal

Finance

Literacy
Key Concepts
Key Concepts
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ATM
budget
compound interest
currency
income
money cycle
mutual fund
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Definitions
automated teller machine
interest that is paid not only on the principal amount, but also
on the earned interest
a plan for using your money
stocks from many different companies that are purchased and
managed together
cash and coins
the way money moves from hand to hand
the money an individual makes or earns
Key Concepts
income
Currency
ATM
Compound Interest
Mutual Fund
Budget
Money Cycle
Vocabulary and Definitions
Words
Definitions
ATM
budget
compound interest
automated teller machine
a plan for using your money
currency
income
cash and coins
the money an individual makes or earns
money cycle
mutual fund
the way money moves from hand to hand
stocks from many different companies that
are purchased and managed together
interest that is paid not only on the
principal amount, but also on the earned
interest
You And Your Money (1)
Lesson
Note
Introduction
What Money Is and
Where it Comes From
Countries have their own currency, and money brings communities
together.
How Money Moves
Through the Economy
Money goes through banks, to people, to businesses, and back to
banks again.
Banks and You
Banks keep your money safe, and they offer savings accounts, checking
accounts, and investment accounts.
Getting to Your
Money in the Bank
There are many ways to access the bank; banks, phones, ATM, internet,
etc.
Value and
Comparing Value
Think of what you want most, based on its price and its value.
Boosting Your
Earning Power
Education and skills will get you a long way financially.
Conclusion
Money is important for purchasing items, and saving money is
rewarding, and banks should be used as a tool.
Budgeting (1)
Lesson
Note
Introduction
You need a budget to plan your spending.
Alex’s Budget
Budgeting can help you get a lot of money over a long period of time.
Types of
Expenses
Your budget is a general plan. Fixed (mortgage), Flexible (groceries),
Discretionary (entertainment)
A Budget for a
Family of Four
If you don’t know how to budget, you’re not going to do well. You need to
know math (percentages and decimals).
Build Your Own
Budget
Tips for Sticking
With Your
Budget
Working With a
Budget
You And Your Money (2)
Lesson
Note
Introduction
What Money Is and
Where it Comes From
Countries have their own currency, and money brings communities
together.
How Money Moves
Through the Economy
Money goes through banks, to people, to businesses, and back to
banks again.
Banks and You
Banks keep your money safe, and they offer savings accounts, checking
accounts, and investment accounts.
Getting to Your
Money in the Bank
There are many ways to access the bank; banks, phones, ATM, internet,
etc.
Value and
Comparing Value
Think of what you want most, based on its price and its value.
Boosting Your
Earning Power
Education and skills will get you a long way financially.
Conclusion
Money is important for purchasing items, and saving money is
rewarding, and banks should be used as a tool.
Budgeting (2)
Lesson
Note
Introduction
A budget can help you save money for big purchases.
Alex’s Budget
Money for a budget comes from jobs and chores. He uses a budget to
manage his money.
Types of
Expenses
Fixed (mortgage), Flexible (groceries), Discretionary (toys)
A Budget for a
Family of Four
You need to save up a certain fraction or percent of money for certain
things.
Build Your Own
Budget
A budget helps you manage your own money in your own way. You
shouldn’t spend more than you earn.
Tips for Sticking
With Your
Budget
Always be thinking of your budget while shopping, and try to have a
“cushion,” just in case.
Working With a
Budget
You And Your Money (3)
Lesson
Note
Introduction
What Money Is and
Where it Comes From
Money is the key to people, products, and services. Money comes
from the US Treasury.
How Money Moves
Through the Economy
Money recycles. It travels in kind of a circle, between banks,
individuals, and businesses.
Banks and You
Banks do many different things to help (checking, savings,
investments).
Getting to Your Money There are a lot of ways to get to your money; banks, ATM, phones,
in the Bank
internet.
Value and Comparing
Value
Value is determined by people, but also by prices. Value can help
you make decisions about your spending.
Boosting Your Earning
Power
If you get an education and have more skills, you will likely make
more money.
Conclusion
Money makes a lot of things possible.
Budgeting (3)
Lesson
Introduction
Alex’s Budget
Types of
Expenses
A Budget for a
Family of Four
Build Your Own
Budget
Tips for Sticking
With Your
Budget
Working With a
Budget
Note
You And Your Money (4)
Lesson
Note
Introduction
What Money Is and
Where it Comes
From
“Money is the glue that binds the products, services, and the people
in our economy.” Money comes from the US Treasury.
How Money Moves
Through the
Economy
Money is made in the Treasury, and goes through banks, people,
businesses, and back to banks.
Banks and You
Banks use accounts, checks, investments, loans, and credit cards to
help you on your economic adventure.
Getting to Your
Money in the Bank
You can manage your money 24/7, over the phone, online, at an
ATM, or at the bank.
Value and
Comparing Value
Find things that have value to you, and try to find the best deals.
Boosting Your
Earning Power
Education is important. The education you have can determine how
much money you can make.
Conclusion
Banks, money flow, and education are important for you and your
money.
Budgeting (4)
Lesson
Note
Introduction
You can use a budget to reach your financial goals, by planning.
Alex’s Budget
Budgeting can help you save for the future, as long as you don’t spend as much as you earn.
Types of
Expenses
A Budget for a
Family of Four
Build Your Own
Budget
Tips for Sticking
With Your
Budget
Working With a
Budget
You and Your Money (5)
Lesson
Note
Introduction
Currency and value are important concepts of money.
What Money Is and
Where it Comes From
Money is important all around the world, for the economy. It
comes from US Treasury.
How Money Moves
Through the Economy
It’s a cycle that moves from the bank, to people, to businesses,
and then back to the bank.
Banks and You
Banks give lots of things to help you with your money, like credit
cards and loans.
Getting to Your
Money in the Bank
Banks give you access to your money; ATM, phone, banks,
internet
Value and
Comparing Value
Value is something that means a lot to you. Compare prices to
get better deals on what you want.
Boosting Your
Earning Power
People with higher education and more skills generally get paid
more.
Conclusion
Using the bank as a tool helps you control manage your money.
Budgeting (5)
Lesson
Note
Introduction
It helps you meet your financial goals, by helping you plan your spending.
Alex’s Budget
Budgets help you try not to spend more than you earn every month.
Types of
Expenses
A Budget for a
Family of Four
Build Your Own
Budget
Tips for Sticking
With Your
Budget
Working With a
Budget