“Earning a lot of money is

not the key to prosperity.

How you handle it is”
-Dave Ramsey
FINANCIAL LITERACY
OBJECTIVES:

 Identify and Understand various sources of

income
 Learn about responsible spending and consumer
choices
Introduction to
Financial Literacy
 FINANCIAL
LITERACY:
Financial literacy refers to the ability to
understand and use various financial
skills, including personal financial
management, budgeting, and investing.
Why is it important for ABM
students?
Three Main Reasons:

01 02 03
Manage Prepare for Entrepreneurial
Personal Business Endeavors
Finances Role
Benefits of Being Financial Literate:

Ability to make better financial decisions

Effective management of money and debt

Greater equipped to reach financial goals

Reduction of expenses through better regulation

Less financial stress and anxiety

Various sources of
Income

Passive income is income from a source that

doesn’t require you to be an employee and,
after a certain point, requires little to no
continuous effort.
Affiliate Marketing
Vlog vs Blog
Stream Video Games Online
Become an
Sell items Online/ Pre-loved
Virtual Assistant
Food Delivery Services
Tutoring Services
Responsible
Spending and
Consumer Choice
The term ‘responsible spending’ refers to
making deliberate, informed decisions
about how you allocate your financial
resources.
Consumer choice examines why
people make the economic choices
they do when facing trade-offs,
restrictions, and changes in their
environment that affect their ability
to consume.
Activity/
Workshop:

IS IT RESPONSIBLE SPENDING
OR CONSUMER CHOICE?
MECHANICS
 Making Conscious Purchases
Lawyer

Lawyer
 CC
Lawyer

Lawyer
 Saving Wisely
Lawyer

Lawyer
 RS
Lawyer

Lawyer
 Budgeting
Lawyer

Lawyer
 RS
Lawyer

Lawyer
 Evaluating Features
Lawyer

Lawyer
 CC
Lawyer

Lawyer
 Product Research
Lawyer

Lawyer
 CC
Lawyer

Lawyer
 Informed Decisions
Lawyer

Lawyer
 RS
Lawyer

Lawyer
 Mindful Shopping
Lawyer

Lawyer
 CC
Lawyer

Lawyer
 Prioritizing Needs
Lawyer

Lawyer
 RS
Lawyer

Lawyer
 Considering Value
Lawyer

Lawyer
 CC
Lawyer

Lawyer
Avoiding Unnecessary Expenses
Lawyer

Lawyer
 RS
Lawyer

Lawyer
 ”One penny may seem to you
a very insignificant thing, but
it is the small seed from
which fortunes spring.” –
Lawyer

Orison Swett Marden

Lawyer
References:
www.wallstreetmojo.com
www.studysmarter.co.uk
www.thesmartbear.co.uk
www.isde.canada.ca
www.investopedia.com
www.sproutsocial.com
www.epictouch.com
www.profiletree.com
www.bigcommerce.com
www.indeeed.com
www.ramcysolutions.com
www.corporatefinance.com
www.financeinstitute.com
www.clevergirlfinance.com
www.nefe.org
THANK
YOU