Making Money Decisions

Making Money Decisions

March 22, 2021

Open Ended

What things could change how someone decides to spend or save their money?

Spending Habits

• How someone spends can be very different from person to person. Here are some things that can change how someone spends or saves their money

• Their age

• Their job

• How much schooling they have had

• Where they live

• Culture or ways of spending and saving that they grew up with

Open Ended

What are some ways your age can change how much you spend or save?

Some Things to Think About When Spending Money

• Education - Are you planning on going to college or university? Are your parents paying, or are you paying?

• Entertainment - How important is it for you to go out with your friends? Do you need to buy the latest shoes? Will you wear name-brand clothing or basic clothing?

• Transportation - How will you get to high school or university? Do you need a bus pass or do you want a car? 

• Earnings - How much money do you make each month? Will you get a job in high school? Do you want a summer job?

• Savings/Investments - What goals do you have for the future? Do you want to buy a house one day?

• Donations - Do you really care about donating to a specific organization or cause?

Open Ended

When do you think a person should start making investments? Why?

Open Ended

How might an 18-year-old spend and save their money differently from a 40-year old?

Your Task

• In Assignments, you will find March 22: Making Money Decisions

• You will find a form attached there with these questions to complete:

• Name 3 things that could change the way someone spends and saves money.

• Make a list of 3 goals you have, things you would want to save money on for the future, make them specific to you.

• We will discuss your goals tomorrow at the beginning of class.