1 bresee bank spend your money and have some left over
TRANSCRIPT
1
BRESEE BANKSpend Your
Money
and Have Someand Have Some
Left OverLeft Over
2
YOUR EFFORTS TO GET YOU WHAT YOU WANT
Cash Points ActivityChips $0.75 120 Homework?Coke $0.75 120 Computer Lab Work?Hot Dog $1.00 100 Personal research?Trips $35.00 3,500 4.0 Report card ++++?CD Player/MP3 $100.00 10,000 Complete 2 WorkshopsDVD Player $190.00 19,500 Complete 4 WorkshopsPlay Station 2 $200.00 30,000 Complete 6 Workshops
2
3
Food Shelter Clothes
What Do You Need?
Cell phone with camera and
streaming video?
4
Pay for Monthly Needs in Points
Food = 6,000 pts?
Rent = 20,000 pts?
Car = 3,500 pts?
5
What Do You Want? Cadillac Escalade, Gucci Leather Seats?Cadillac Escalade, Gucci Leather Seats? $10 Million House?$10 Million House? Michael Jordan Shoes?Michael Jordan Shoes? Jacobs Jewelry - $10 Mil Rock?Jacobs Jewelry - $10 Mil Rock? DJ Equipment?DJ Equipment? No Worry? No Worry? Give money away?Give money away?
6
What Do You Need?
House …. But $10 million house?
To Get Around…. But Escalade?
Cell phone….But camera and
streaming video?
7
Good ChoosingSpending is taking money
out of your bucket
HOW DO YOU DECIDE ??????
8
Who Affects Your Choices?Advertisers?Impress your friends?friends?Envy?Being first?Family?Addictions?
9
Spending to Live Your LifeWhat do you need?
FoodHousing
TransportationPersonal careEntertainment
Child careMiscellaneousSchool Loans9
10
Style, Baby…
Playing the Lifestyle Game
11
Your Monthly IncomeYour Monthly Income
Single $1,750
Single with child $1,750
Couple $3,500
Couple with child $3,500
12
Your Brilliant Budget• •Per month
•You Earn •
•
•You Spend •
•
•Housing •
•Eating •
•Getting around •
•Have some fun •
•Looking good •
•And some stuff •
•Care for baby •
•School loans •
•Savings •
•Total spent •
•Subtract from •
• You Make •
•Left Over? •
13
• Single • Single • Couple • Couple
• with child • w/o child • with child
•Live with family •$100.00 •$200.00 •$250.00 •$300.00
•Rent room someone else's home •$415.00 •$430.00 •$430.00 •$445.00
•Rent small apartment •$665.00 •$680.00 •$695.00 •$695.00
•Rent 2 bedroom home •$1,200.00 •$1,400.00 •$1,600.00 •$2,000.00
Housing Costs
14
Eating•Single
•Single with child
•Couple w/o child
•Couple with child
•Eat cheap -- coupons, cook at home, mooch off parents •$110.00 •$115.00 •$300.00 •$315.00
•Move up -- some store brands, fast food once in awhile •$155.00 •$195.00 •$450.00 •$520.00
•Spending more -- packaged stuff, fast food joints, some very nice restaurants •$190.00 •$285.00 •$600.00 •$695.00
•Easy life -- restaurants every day, or full meals from the grocery store •$225.00 •$380.00 •$700.00 •$780.00
15
Getting Around
•Single•Single with child
•Couple w/o child
•Couple with child
•Bike or walk •$20.00 •$20.00 •$20.00 •$20.00
•Public transportation •$30.00 •$50.00 •$75.00 •$75.00
•Get wheels -- used car or cycle, buy insurance, gas, maintain •$275.00 •$300.00 •$300.00 •$300.00
•Top of the line - new car or cycle, buy insurance, gas, maintain •$375.00 •$400.00 •$475.00 •$475.00
16
Have Some Fun….
•Single
•Single with child
•Couple w/o child
•Couple with child
•Cheap -- rent videos, use library, play for free in parks •$25.00 •$25.00 •$50.00 •$50.00
•More fun -- still renting videos, but out with friends sometimes and some used CDs •$40.00 •$50.00 •$75.00 •$75.00
•Now we're living -- movies, sometimes concerts with friends, CDs on sale •$60.00 •$75.00 •$100.00 •$100.00
•Whee -- living high, out with friends, get that fancy home theater, buy the new CD releases •$125.00 •$150.00 •$200.00 •$200.00
17
Keep Looking Good…
•Single
•Single with child
•Couple w/o child
•Couple with child
•On the cheap -- friend cuts your hair, wash clothes at mom's, thrift shop clothes, 99c for shampoo •$50.00 •$75.00 •$110.00 •$125.00
•Friend does your hair, wash at laundromat, clothes and shampoo at discount store •$75.00 •$100.00 •$110.00 •$150.00
•Supercuts for hair, laundromat and even dry cleaners, clothes on sale, shampoo at 99c •$120.00 •$140.00 •$160.00 •$175.00
•Lux living -- hair at salon, dry clean clothes, drug stores for shampoo, clothes from mall •$200.00 •$250.00 •$300.00 •$400.00
18
And Some Stuff…
•Single
•Single with child
•Couple w/o child
•Couple with child
•Bare necessities -- little insurance, make presents for friends •$55.00 •$55.00 •$60.00 •$65.00
•Little more insurance, donate a little, gifts on sale •$60.00 •$70.00 •$80.00 •$90.00
•OK lots of insurance, donate a little, buy some books, get NICE presents, take classes, get a dog (or cat) •$110.00 •$140.00 •$155.00 •$170.00
•Insure everything, donate lots, get great presents, buy books AND magazines, classes and another dog •$200.00 •$220.00 •$250.00 •$270.00
19
Taking Care of Baby
•Single•Single with child
•Couple w/o child
•Couple with child
•Use parents/relatives for child care •$0.00 •$0.00 •$0.00 •$0.00
•Use babysitters occasionally •$0.00 •$25.00 •$0.00 •$25.00
•Pay for part time child care •$0.00 •$175.00 •$0.00 •$175.00
•Pay for full time child care •$0.00 •$350.00 •$0.00 •$350.00
20
Paying for School•Years of College •Years of Grad. School •Total Cost •10 year Monthly Loan
•Poet • - • - • - •0
•Military PFC • - • - • - •0
•Teacher • 4 • 1 • $179,000 • $746
•Social worker • 4 • • $124,000 • $517
•Cosmetologist • 2 • - • $6,000 • $25
•Police officer • 2 • - • $62,000 • $258
•Government administrator • 4 • - • $124,000 • $517
•Chef • 2 • $62,000 • $258
•Day care owner • - • - • - • -
•Engineer / computer • 4 • - • $124,000 • $517
•Psychologist/counselor • 4 • 2 •$234,000 • $975
•Realtor • 4 • $124,000 • $517
•Architect • 4 • $124,000 • $517
•Corporate manager • 4 • - • $124,000 • $517
•Entertainer/athlete • - • - • - • -
•Lawyer/Doctor • 4 • 3 • $389,000 • $1,621
21
• •Single ••Single with
child•Couple w/o
child• •Couple with
child
•Really cheap ••$360.00 •$490.00 •$790.00 ••$875.00
•Thrifty •$775.00 •$920.00 •$1,220.00 •$1,380.00
•Moderate spender •$1,420.00 •$1,795.00 •$2,010.00 •$2,310.00
•Pulls out all the stops •$2,325.00 •$3,150.00 •$3,525.00 •$4,475.00
•Income •$1,750.00 •$1,750.00 •$3,500.00 •$3,500.00
How Did You Do on Spending for Your Style…
21
22
Savings
How much did you How much did you
paypay YOURSELF?
23
Using Other People’s
NEXT CLASS
BORROWING MONEY!!