money management
02
Curipod generated lesson: "money management". #8-10
annajulia.lopez
Updated 5 months ago
1. Word cloud
120 seconds
In one word, what is the most important thing to remember when it comes to money management?
2. Slide
60 seconds
"Identifies the different economic systems in different societies, according to the level of development."
Learning objective:
3. Slide
60 seconds
Setting a budget and tracking expenses are important steps in managing money. Understanding investment options, like stocks and bonds, can help grow your wealth. Saving for the future can ensure financial security over the long run.
Money Management 101
4. Slide
60 seconds
Budgeting: The process of allocating money to different expenses and tracking spending over a period of time. Savings: Putting money aside in order to use it in the future. Investing: Taking money and using it to purchase an asset with the expectation that it will generate more money over time.
Concepts:
5. Slide
60 seconds
Creating a budget can actually help to reduce stress about money. Keeping a spending journal can help you to stay aware of your spending habits. Having multiple savings accounts can help you to stay organized and on track with your money goals.
Did you know?
6. Open question
360 seconds
Work together in pairs: What are the three key components of successful money management?
7. Poll
60 seconds
What should be the first priority when managing money?
- Spending generously
- Saving money
- Investing in stocks
- Making a budget
8. Poll
60 seconds
What is an example of a good financial habit?
- Investing in stocks
- Borrowing money from friends
- Paying bills late
- Creating a budget
9. Poll
60 seconds
What is the best way to save money?
- Making a budget
- Using credit cards
- Spending money on luxuries
- Avoiding taxes
10. Poll
60 seconds
Why is it important to have an emergency fund?
- To buy luxury items
- To pay off debt quickly
- To save for a vacation
- To have money for unexpected expenses
11. Poll
60 seconds
What is the most important thing to remember when managing money?
- Spend as much as possible
- Save for a rainy day
- Avoid taxes
- Borrow money from friends
Made with ❤️ from Norway