Thursday, 1/23/14 Bellwork: Calculate the Net Annual and Net Monthly income if Annual Salaries / Deductions are:

Gross Salary / $44,000 / $60,000 / $68,000 / Taxes and Deductions $ 7,000 $10,000 $12,000 Net Annual Income / Net Monthly Income

Thursday, 1/23/14

Classwork

Heading: name, #, date, period

Answer these questions from the Reading Homework pgs 1-20 each book. Skip a line between questions. Include the question in your answer. Use front and back of your paper. Turn in at end of class. Leave this on table for the next class.
1. Write the definitions of Needs and Wants, pg. 10 Money Mgmt. 2. List 3 needs 3. 4. List 3 wants List something that is a want, but you think you need it.

Write a goal you have and include all the facets (parts) of a SMART Goal. Write a paragraph of the benefits of waiting to buy something if you need the money now for something more important. Include the what delayed gratification is (pg. 8 Money Mgmt) When did you have to do this and why? What was the outcome of the situation?

5. Think about the goals that require money. Write what you can do to earn the money to put towards your goals. 6. Write out the Steps to Decide when making a decision (pg. 20) in a column on left side of page. Then apply these steps to a problem you have (or think of one), like whether to upgrade to a new cell phone example in the book, and write down on the right side of page. 7. Write down your interest, and what careers match your interest. Pg. 6 Income. 8. Think about the kind of lifestyle you want to have once you are out of school. Write about it and be descriptive. Does this lifestyle depend on you finishing college? 2, 4, 6 or 8 years? 9. If you dont go to college and graduate, write about what kind of lifestyle you think youll have. 10. See pg. 12 Income, List the options the book gives you to provide knowledge, skills, and credentials to advance your career and maximize your earning potential. 11. What are 6 Ways to Ease Education Cost from the Income Book, pg 17. 12. Write about the different types of Student Loans and describe the details about each of them according to the Income book pg 18. What is it called if you fail to repay the loan? 13. What website can you visit to learn more about federal student aid options and tips to manage student loans?