1. Slide
60 seconds
Personal finance involves managing your money and making smart decisions with it. It includes understanding how to budget, save, invest, and protect yourself financially. It is important to learn these skills to help you be successful in the long-term!
Understanding Personal Finance
2. Word cloud
120 seconds
How would you define personal finance in one sentence?
3. Slide
60 seconds
Savings: Setting aside a portion of your money to use for future needs or emergencies. Budgeting: Establishing and maintaining a plan for how to spend and save your money. Credit: Borrowing money from a financial institution or other lender and agreeing to repay it with interest.
Concepts:
4. Poll
60 seconds
What do you think is the most important thing to understand about managing personal finances?
- Creating a budget
- Saving and investing
- Credit and debt management
- Insurance and taxes
5. Slide
60 seconds
The average American household has $67,000 in total debt. A budget is a financial plan that helps you manage your money. It is possible to save money without sacrificing quality of life.
Did you know?
6. Open question
300 seconds
What are the main components of personal finance?
7. Open question
300 seconds
What are the benefits of understanding personal finance?
8. Personalised Feedback
360 seconds
How can setting financial goals help you make better decisions about your money?
9. Open question
300 seconds
What are some of the biggest financial decisions you have made recently?
10. Open question
300 seconds
How can understanding personal finance help you make better financial decisions?
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