Understanding percentages when shopping and in life
|
|
- Liliana Wheeler
- 5 years ago
- Views:
Transcription
1 Understanding percentages when shopping and in life By Gale, Cengage Learning, adapted by Newsela staff on Word Count 942 Level 1000L Image 1. A shopper walks by a clothing store at the Independence Mall in Kingston, Massachusetts, in December Photo: Stephan Savoia for AP. Percentages are calculated in many real-life situations involving money. Understanding these calculations is important. Examples include calculation of any type of rate, like a bank interest rate, a student loan rate, or a tax rate. In stores, discounts and sales tax are almost always shown as a percentage. Calculating A Tip In North America, between 30% and 50% of what a family spends on food is spent in restaurants. The price in a restaurant includes the cost of the meal and plus any taxes. It also includes a tip, which is paid directly to the server. The tip is an important factor in the total cost. The tips earned by a server usually make up an important part of their earnings. This article is available at 5 reading levels at 1
2 The calculation of a tip involves a percentage on top of the total amount of the bill, not including sales tax. A 15% tip is usually given for good service. A 20% tip tells the server that the service was outstanding. Tips of less than 10% mean the person paying was dissatisfied in some way. Let's look at a 15% tip in the following examples. Remember that 15% = 15/100 = Say a restaurant bill totals $ To calculate the tip, = 4.28, so the 15% tip on this bill is $4.28. It is unusual to leave such a precise amount for the tip, especially if the bill is being paid by cash. If the diner is paying by cash, a rounded figure close to 15% will be left for the server. In this case, $4.25 or $4.50 would be more common. Retail Sales: Price Discounts And Markups And Sales Tax Many aspects of sales advertising are expressed in percentage terms. Sale prices, discounts, and sales tax calculations depend on percentages. A discount is any sale where the seller claims that the goods are being sold at less than the regular price. In some cases, the original price of the item is known, as is the percentage discount. The sale price is not known and must be calculated. Let's say a refrigerator has a regular price of $625. In the store, there is a tag on the refrigerator advertising it as on sale at 40% off its regular price. To find the discount, remember that 40% = Then, 40% of 625 = = 250. After that subtract the discount, so = $375. In this example, the discount of 40% is $250, so the sale price is $375. As an alternative method for calculating the sale price, 100% 40% = 60%. 60% = = 375. Sales Tax Calculations In many places, the cost of an item also comes with a sales tax. A 5% sales tax is common. The total cost of an item must include any taxes. For example, a car dealership is selling a car for $21,595, plus tax. The tax rate is 4.5%. To find the total cost of the item, remember that 4.5% =.045. Then, the tax = ,595 = $ The total cost is ,595, or $22, Bank Accounts, Credit Cards And Compound Interest Bank interest is expressed as a percentage. Banks pay "interest" to people who keep their money in savings accounts there. The interest is paid on the money a person deposits and over time, the amount of interest increases, or "compounds" on top of all the old interest that the account has earned. This article is available at 5 reading levels at 2
3 For example, in the first year, someone deposits $10,000 to a bank account. The bank agrees to pay the depositor 4% per year. The interest earned at the end of the first year will be $400. Now there is $10,400 in the account. The interest to be calculated in Year 2 will be calculated on that $10,400. Since 4% = 0.04, then Year 2 interest = 10, = $416. The total in the account at the end of Year 2 will be $10,816. Credit cards use compound interest too. Credit cards are valuable tools for dealing with emergencies or to have when traveling. They can also be extremely convenient to use. In most cases, there are no fees if customers pay their balance in full each month. However, if the amount owed is not paid in full each month interest is charged. How much does it really cost to use credit cards for purchases? The answer depends on several factors, including how much is paid each month and what interest rate is being charged. For this example, we will assume a credit card purchase of $400 and an interest rate of 17%. Also, credit card companies require that people pay at least a minimum monthly payment, which we will say is $10. After the purchase and making six months of minimum payments, the buyer has paid $60 (six months $10 per month). But because more than half that amount, $33.06 has gone to pay the 17% interest, only $26.94 has been paid on the original $400 purchase. At this point, even though the buyer has paid out $60 of the original bill, $ is really still owed ($400 - $26.94). This pattern will continue until the original purchase is completely paid off, including interest. If the buyer continues making only the required $10 monthly payment, it will take five full years, or 60 payments, to pay off the original debt. Over the course of those five years, the buyer will pay a total of $194 in interest, swelling the total purchase price from $400 to almost $600. There is a simple rule of thumb. Buyers who pay off their charges over the longest time allowed can expect to pay about 50% more in total cost when putting a purchase on the credit card. This article is available at 5 reading levels at 3
4 Quiz 1 Which statement would be MOST important to include in a summary of the article? Local sales taxes and credit card interest rates are percentages that affect everyday life. It can be very convenient to use a credit card if the company does not have any extra fees. The best time to buy expensive items like cars and refrigerators is when there is a big discount. Remember that the percentage you tip a server depends on how happy you were with the meal. 2 Read the list of sentences from the article. 1. Sale prices, discounts and sales tax calculations depend on percentages. 2. The total cost is ,595, or $22, The interest earned at the end of the first year will be $ Over the course of those five years, the buyer will pay a total of $194 in interest, swelling the total purchase price from $400 to almost $600. What two CENTRAL ideas does this evidence support? Percentages are calculated in many real-life situations involving money. Some people are better at figuring out percentages than others. Percentages are an important part of many situations involving money. Understanding percentages can help people know how much they will pay or earn. Percentages can be used to calculate the total cost of purchases and meals. Percentages are sometimes rounded to whole numbers to make things easier. Percentages can show shoppers how much they will save on items they buy on sale. They also help banks know how much to pay people. This article is available at 5 reading levels at 4
5 3 Read the section "Calculating A Tip." Which sentence from the section suggests that meals that include percentages for tax and tip are quite common in many households? In North America, between 30% and 50% of what a family spends on food is spent in restaurants. The price in a restaurant includes the cost of the meal plus any taxes. The tips earned by a server usually make up an important part of their earnings. The calculation of a tip involves a percentage on top of the total amount of the bill, not including sales tax. 4 Read the section "Bank Accounts, Credit Cards And Compound Interest." Which sentence supports the inference that it is wise to pay off credit cards as quickly as possible to save money? The answer depends on several factors, including how much is paid each month and what interest rate is being charged. Also, credit card companies require that people pay at least a minimum monthly payment, which we will say is $10. This pattern will continue until the original purchase is completely paid off, including interest. Buyers who pay off their charges over the longest time allowed can expect to pay about 50% more in total cost when putting a purchase on the credit card. This article is available at 5 reading levels at 5
6 Answer Key 1 Which statement would be MOST important to include in a summary of the article? Local sales taxes and credit card interest rates are percentages that affect everyday life. It can be very convenient to use a credit card if the company does not have any extra fees. The best time to buy expensive items like cars and refrigerators is when there is a big discount. Remember that the percentage you tip a server depends on how happy you were with the meal. 2 Read the list of sentences from the article. 1. Sale prices, discounts and sales tax calculations depend on percentages. 2. The total cost is ,595, or $22, The interest earned at the end of the first year will be $ Over the course of those five years, the buyer will pay a total of $194 in interest, swelling the total purchase price from $400 to almost $600. What two CENTRAL ideas does this evidence support? Percentages are calculated in many real-life situations involving money. Some people are better at figuring out percentages than others. Percentages are an important part of many situations involving money. Understanding percentages can help people know how much they will pay or earn. Percentages can be used to calculate the total cost of purchases and meals. Percentages are sometimes rounded to whole numbers to make things easier. Percentages can show shoppers how much they will save on items they buy on sale. They also help banks know how much to pay people. This article is available at 5 reading levels at 6
7 3 Read the section "Calculating A Tip." Which sentence from the section suggests that meals that include percentages for tax and tip are quite common in many households? In North America, between 30% and 50% of what a family spends on food is spent in restaurants. The price in a restaurant includes the cost of the meal plus any taxes. The tips earned by a server usually make up an important part of their earnings. The calculation of a tip involves a percentage on top of the total amount of the bill, not including sales tax. 4 Read the section "Bank Accounts, Credit Cards And Compound Interest." Which sentence supports the inference that it is wise to pay off credit cards as quickly as possible to save money? The answer depends on several factors, including how much is paid each month and what interest rate is being charged. Also, credit card companies require that people pay at least a minimum monthly payment, which we will say is $10. This pattern will continue until the original purchase is completely paid off, including interest. Buyers who pay off their charges over the longest time allowed can expect to pay about 50% more in total cost when putting a purchase on the credit card. This article is available at 5 reading levels at 7
PFIN 7: Buying Decisions 45
PFIN 7: Buying Decisions 45 7-1 Buying Plans OBJECTIVES Explain the advantages of using a buying plan. List the steps of a buying plan. Set criteria for selecting one item over another to buy. Explain
More informationPersonal Financial Literacy
Personal Financial Literacy 7 Unit Overview Being financially literate means taking responsibility for learning how to calculate income taxes on wages and how to create a budget to plan your spending and
More informationLike the federal government, individual consumers must manage their money. In this section, you will learn about budgeting and saving money.
Budgeting Section 1 Like the federal government, individual consumers must manage their money. In this section, you will learn about budgeting and saving money. Vocabulary discretionary expense: an expense
More informationChapter III The Language of Accounting
Daubert, Madeline J. (1995). Money Talk: Accounting Fundamentals for Special Librarians. Special Library Association. (pp.12-31) Chapter III The Language of Accounting In order to communicate effectively
More informationPercent: Slide 1 / 194. Slide 2 / 194. Slide 4 / 194. Slide 3 / 194. Slide 6 / 194. Slide 5 / 194. Table of Contents. Ratios as Percents
Slide 1 / 194 Percents Slide 2 / 194 Table of Contents Ratios as Percents Decimals as Percents Percents as Decimals Fractions as Percents Percents as Fractions Fractional Parts and Equivalent Names Relating
More informationBorrowing. Evaluating the Benefits and Costs of Credit
Unit 9 Borrowing Lesson 9B: Evaluating the Benefits and Costs of Credit Rule 9: Pay on time and in full. While borrowing has both benefits and costs, at times it is an indication that something has gone
More informationwith the support of Everyday Banking An easy read guide March 2018
with the support of Everyday Banking An easy read guide March 2018 Who is this guide for? This guide has been designed to help anyone who might need more information about everyday banking. We will cover
More informationUsing a Credit Card. Name Date
Unit 4 Using a Credit Card Name Date Objective In this lesson, you will learn to explain and provide examples of the benefits and disadvantages of using a credit card. This lesson will also discuss the
More informationPersonal Financial Literacy
Personal Financial Literacy Unit Overview Many Americans both teenagers and adults do not make responsible financial decisions. Learning to be responsible with money means looking at what you earn compared
More informationMONEY. Of course, going to college means. Managing Your Money CHAPTER 3. Watching everyday spending
CHAPTER 3 Managing Your Money MONEY Of course, going to college means attending classes, writing papers, and taking exams. But making money choices also is an important part of your college life. Good
More informationSoda taxes create complicated rules
Soda taxes create complicated rules By Stateline.org, adapted by Newsela staff on 09.08.17 Word Count 594 Level 840L Beverages for sale at Fresh Market Place on North Western Avenue are pictured on August
More information7th Grade. Relating Fractions, Decimals & Percents. Slide 1 / 157 Slide 2 / 157. Slide 3 / 157. Slide 4 / 157. Slide 6 / 157. Slide 5 / 157.
Slide 1 / 157 Slide 2 / 157 7th Grade Percents 2015-11-30 www.njctl.org Slide 3 / 157 Table of Contents Slide 4 / 157 Click on the topic to go to that section Relating Fractions, Decimals and Percents
More informationFinancial Field Trips
The Green Event Financial Field Trips Parent Packet Dear Parent / Guardian, We are excited to have your child participate with us in Utah s 4-H Strong Futures Green Event program. I assure you that your
More informationPark Forest Math Team. Meet #4. Self-study Packet
Park Forest Math Team Meet #4 Self-study Packet Problem Categories for this Meet: 1. Mystery: Problem solving 2. Geometry: Angle measures in plane figures including supplements and complements 3. Number
More informationSTOP RENTING AND OWN A HOME FOR LESS THAN YOU ARE PAYING IN RENT WITH VERY LITTLE MONEY DOWN
STOP RENTING AND OWN A HOME FOR LESS THAN YOU ARE PAYING IN RENT WITH VERY LITTLE MONEY DOWN 1. This free report will show you the tax benefits of owning your own home as well as: 2. How to get pre-approved
More information7th Grade. Percents.
1 7th Grade Percents 2015 11 30 www.njctl.org 2 Table of Contents Click on the topic to go to that section Relating Fractions, Decimals and Percents Three Types of Percent Problems Percent of Change Representing
More informationUnderstanding Vehicle Financing
Understanding Vehicle Financing Understanding Vehicle Financing With prices averaging more than $31,000 for a new vehicle and $17,000 for a used model from a dealership, you might consider financing or
More informationSequences (Part 3) Supplemental Material Not Found in You Text
Motivating Examples Math 34: Spring 2016 Sequences (Part 3) Supplemental Material Not Found in You Text Geometric Sequences will help us answer the following: An interest-free loan of $12, 000 requires
More informationPersonal Financial Literacy
Personal Financial Literacy 7 Unit Overview Being financially literate means taking responsibility for learning how to manage your money. In this unit, you will learn about banking services that can help
More informationIn This Issue. SMCU Presents Keep Your Coffee
In This Issue SMCU Presents Keep Your Coffee... Pages 1 What is Phishing and How Can You Avoid It?... Page 2 Northgate Branch Moving to Thornton Place... Page 2 Free Seminar: Retirement Income Planning...
More informationPark Forest Math Team. Meet #4. Self-study Packet
Park Forest Math Team Meet #4 Self-study Packet Problem Categories for this Meet: 1. Mystery: Problem solving 2. Geometry: Angle measures in plane figures including supplements and complements 3. Number
More informationName: Period: Date. Financial Fitness. TEACHER: For the next few days we are going to be focusing on Family, Career and
Financial Fitness Introductory Skit: TEACHER: For the next few days we are going to be focusing on Family, Career and Community Leaders of America s (FCCLA s) Financial Fitness Program. STUDENT: Financial
More informationIntroduction to Earning Interest: APR, APY and Compound Interest
Principal and Interest Example 1 Michael is saving money to buy a car. He takes $8,000 to the bank and opens an annual CD upon which the bank agrees to pay him 2% interest. Principal = 8000 Term = 1 year
More informationMoney Math for Teens. Before You Choose a Credit Card
Money Math for Teens Before You Choose a Credit Card This Money Math for Teens lesson is part of a series created by Generation Money, a multimedia financial literacy initiative of the FINRA Investor Education
More informationMeasuring Money: Currency, M1, and M2
OpenStax-CNX module: m48763 1 Measuring Money: Currency, M1, and M2 OpenStax College This work is produced by OpenStax-CNX and licensed under the Creative Commons Attribution License 4.0 By the end of
More informationFocus Points 10/11/2011. The Binomial Probability Distribution and Related Topics. Additional Properties of the Binomial Distribution. Section 5.
The Binomial Probability Distribution and Related Topics 5 Copyright Cengage Learning. All rights reserved. Section 5.3 Additional Properties of the Binomial Distribution Copyright Cengage Learning. All
More informationName Date Period. Money Management for Teens
Name Date Period Money Management for Teens Wants Vs. Needs It is not uncommon to hear teens and even adults use the terms wants and needs interchangeably. You might even hear a child say, I need a candy
More informationLiving Independently: Choosing a Set of Wheels 1
FCS 5035 Living Independently: Choosing a Set of Wheels 1 Mary N. Harrison 2 Most people need to have some form of transportation. If you are living on your own, you will be traveling to work or to school.
More informationNew York LIFE INSURANCE BUYER S GUIDE
New York LIFE INSURANCE BUYER S GUIDE This guide can help you when you shop for life insurance. It discusses how to: Find a Policy That Meets Your Needs and Fits Your Budget Decide How Much Insurance You
More informationlesson eight credit cards overheads
lesson eight credit cards overheads shopping for a credit card costs: Annual Percentage Rate (APR) or Finance (Interest) Charges Grace period Annual fees Transaction fees Balancing computation method for
More informationTAX RESOURCES TAX DEDUCTIONS OVERVIEW
freelancers union TAX RESOURCES TAX DEDUCTIONS OVERVIEW As a freelancer, your taxes can get pretty complicated. Welcome to the labyrinthine world of deductions! Even if you have an accountant prepare your
More information2010 Visa Inc., All Rights Reserved
2010 Visa Inc., All Rights Reserved Why Money Skills Are Important Create Independence Set and reach goals Enjoy living responsibly within your means Prepare you for your future after college Developing
More informationMaking the Most of Your Money
Making the Most of Your Money A Handbook for Young Adults Table of Contents Let s start from the beginning:.....................1 Creating a budget:.............................. 2 Budget Worksheet:.............................
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards)
Lesson Description Students learn how to compare various small loans including easy access loans. Through the use of an online calculator, students determine the total repayment as well as the total interest
More informationUsing Credit. services but do not require payments in full when the service is performed.
Using Credit How would you like to pay for this, cash or charge? Chances are you have heard this question asked. Cash or charge? is really asking you, the buyer, if you want to use the cash or the money
More informationBoth the quizzes and exams are closed book. However, For quizzes: Formulas will be provided with quiz papers if there is any need.
Both the quizzes and exams are closed book. However, For quizzes: Formulas will be provided with quiz papers if there is any need. For exams (MD1, MD2, and Final): You may bring one 8.5 by 11 sheet of
More informationWhat is credit and why does it matter to me?
Understanding Credit 1 Money Matters The BIG Idea What is credit and why does it matter to me? AGENDA Approx. 45 minutes I. Warm Up: What Do You Know About Credit? (10 minutes) II. Credit: The Good, The
More informationFinancial Literacy. Saving
Financial Literacy Saving ACTIVITY SHEET 5-1 Setting savings goals Goal setting steps 1. Define a couple of concrete goals for the medium term (this year) or longer term (beyond a year). If you have a
More informationAdding & Subtracting Percents
Ch. 5 PERCENTS Percents can be defined in terms of a ratio or in terms of a fraction. Percent as a fraction a percent is a special fraction whose denominator is. Percent as a ratio a comparison between
More informationc» BALANCE c» Financially Empowering You Credit Matters Podcast
Credit Matters Podcast [Music plays] Nikki: You re listening to Credit Matters. Hi. I m Nikki, your host for today s podcast. In today s world credit does matter. In fact, getting and using credit is part
More informationPresentation Notes for Take It To The Bank Management of Financial Resources. Take It To The Bank
1 Presentation Notes for Take It To The Bank Management of Financial Resources Slide 1 Take It To The Bank Management of Financial Resources: Bank Accounts, Savings and Loan Associations and Credit Unions
More informationFull file at
2 MONEY MANAGEMENT STRATEGY: FINANCIAL STATEMENTS AND BUDGETING CHAPTER OVERVIEW Successful money management is based on organized financial records, accurate personal financial statements, and effective
More information3.4.1 Convert Percents, Decimals, and Fractions
3.4.1 Convert Percents, Decimals, and Fractions Learning Objective(s) 1 Describe the meaning of percent. 2 Represent a number as a decimal, percent, and fraction. Introduction Three common formats for
More informationWhat is Buying on Credit? What Kinds of Things Are Usually Bought on Credit? What is the Difference Between Open-End Credit and Closed-End Credit?
buying on credit What is Buying on Credit? When you buy on credit, you pay extra for the privilege of spreading your payments out over a period of time. What Kinds of Things Are Usually Bought on Credit?
More informationUSED CAR. FINANCING FAQs. FREE ebook! AndyMohr.com. Mohr Means MORE!
USED CAR FINANCING FAQs FREE ebook! Page 2 There s no doubt that buying a car is an exciting process. You get to browse through inventories and explore possibilities. You even get to settle in behind the
More informationYour money goals. Choosing a goal
Choosing a goal 01 Your money goals Next, think about a money goal that you most want to pursue towards that dream. Write down some ideas on how you could start working towards them. My money goal is:
More information6/10/2014. Chapter 9 Operating Budgets. Quiz #3 Review Break Even Homework Chapters 9 & (10 maybe) Last Homework Assignment
Quiz #3 Review Break Even Homework Chapters 9 & (10 maybe) Last Homework Assignment Chapter 9 Operating Budgets Upon completion of this unit, each student will be able to: Understand how operational budgets
More informationLender Pre-Approval Letters the Good, the Bad & the Ugly!
Lender Pre-Approval Letters the Good, the Bad & the Ugly! Menlo Atherton Realty 39 Lender Pre-Approval Letters the Good, the Bad & the Ugly! As you may already know, we are still in an era where mortgage
More informationNational Standards for Financial Literacy Alignment to BizWorld 4.0 (4th and 8th grade Benchmarks)
4th Grade Benchmark National Standards for Financial Literacy Alignment to BizWorld 4.0 (4th and 8th grade Benchmarks) A. EARNING INCOME 4 1. People have many different types of jobs from which to choose.
More informationUnderstanding and Using Percentages
Percentages Understanding and Using Percentages If you haven t done maths for a while, it might be best for you to start with Fractions 4. Fractions, Decimals, and Percentages. WHAT ARE THEY? Percentages
More informationUnit 2 Basic Banking Services. High-Intermediate and Advanced
Unit 2 Basic Banking Services High-Intermediate and Advanced Objectives Identify vocabulary and concepts related to basic banking services. Identify checking account services and understand related fees.
More informationProject: The American Dream!
Project: The American Dream! The goal of Math 52 and 95 is to make mathematics real for you, the student. You will be graded on correctness, quality of work, and effort. You should put in the effort on
More informationrichard/math101
1. Personal Finance Lecture Notes Professor Richard Blecksmith richard@math.niu.edu Dept. of Mathematical Sciences Northern Illinois University http://math.niu.edu/ richard/math101 2. Percents Definition
More informationSimple and Compound Interest
Chp 11/24/08 5:00 PM Page 171 Simple and Compound Interest Interest is the fee paid for borrowed money. We receive interest when we let others use our money (for example, by depositing money in a savings
More informationTABLE OF CONTENTS. Introduction 3. General Guidelines for Successful Account Management 3. Managing Your Checking Account. 1.
TABLE OF CONTENTS Introduction 3 General Guidelines for Successful Account Management 3 Managing Your Checking Account 1. Check Register 2. Planning 3. Recording Your Transactions 4. Balancing Your Account
More informationPre-Algebra, Unit 7: Percents Notes
Pre-Algebra, Unit 7: Percents Notes Percents are special fractions whose denominators are 100. The number in front of the percent symbol (%) is the numerator. The denominator is not written, but understood
More informationStudent Guide: RWC Simulation Lab. Free Market Educational Services: RWC Curriculum
Free Market Educational Services: RWC Curriculum Student Guide: RWC Simulation Lab Table of Contents Getting Started... 4 Preferred Browsers... 4 Register for an Account:... 4 Course Key:... 4 The Student
More informationIntroducing CashPay. The payroll card that delivers convenience and purchasing power. CashPay Card Guide
Introducing CashPay The payroll card that delivers convenience and purchasing power CashPay Card Guide Get started with CashPay card convenience now When you enroll to have your pay direct deposited to
More informationNATIONAL INCOME DETERMINATION WORK SCHEDULE (TEXT CHAPTER: 8)
DAY 1: NATIONAL INCOME DETERMINATION WORK SCHEDULE (TEXT CHAPTER: 8) Objective: Create a circular flow of demand in the Macroeconomy and identify leakages and infections within the economy. DAY 2: Assign:
More informationSUPPLEMENTARY LESSON 1 DISCOVER HOW THE WORLD REALLY WORKS ASX Schools Sharemarket Game THE ASX CHARTS
SUPPLEMENTARY LESSON 1 THE ASX CHARTS DISCOVER HOW THE WORLD REALLY WORKS 2015 ASX Schools Sharemarket Game The ASX charts When you spend time discovering a company s story and looking at company numbers
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationLife Insurance Buyer s Guide
Contents What type of insurance should I buy? How much insurance should I buy? How long should my term life insurance last? How do I compare life insurance quotes? How do I compare quotes from difference
More informationPurchase Price Allocation, Goodwill and Other Intangibles Creation & Asset Write-ups
Purchase Price Allocation, Goodwill and Other Intangibles Creation & Asset Write-ups In this lesson we're going to move into the next stage of our merger model, which is looking at the purchase price allocation
More informationCash Flow Statement [1:00]
Cash Flow Statement In this lesson, we're going to go through the last major financial statement, the cash flow statement for a company and then compare that once again to a personal cash flow statement
More informationBudgeting 101: Why Planning Ahead Pays Off
family wealth perspectives Budgeting 101: Why Planning Ahead Pays Off You re about to discover n An easier way to save money n How to make your savings grow faster n Information about credit cards and
More informationTaking an income from your retirement savings The Trust Retirement Guide
Taking an income from your retirement savings The Trust Retirement Guide Your money, your choice The longest holiday of your life - you may have been dreaming of all the things you plan to do when you
More informationBasics of Banking. What Are Banks, Anyway? Types of Financial Institutions. Table of Contents
Basics of Banking This information is provided to you as a courtesy and does not constitute financial, tax or legal advice. Information provided in the financial modules may not be current and/or up to
More informationFirst Time Home Buyer Guide. Are you ready to learn the steps to homeownership?
First Time Home Buyer Guide Are you ready to learn the steps to homeownership? Is this your first time going through the home buying process? If so, don t worry, this guide is designed to answer any questions
More informationMODULE 1 // SAVING HALL OF FAME: AGES 18+
MODULE 1 // SAVING HALL OF FAME: AGES 18+ MODULE 1 // FINANCIAL FOOTBALL PROGRAM Financial Football is an interactive game designed to acquaint students with the personal financial management issues they
More informationInstructions for the Money In Money Out Worksheet
Instructions for the Money In Money Out Worksheet Decisions, Decisions, Decisions We all make decisions about how we use our money Money in, money out worksheet: A tool for managing your finances. Decisions,
More informationVideo 4 - Get the Credit You Deserve
Video 4 - Get the Credit You Deserve Video 4: Get the Credit You Deserve VIDEO SUMMARY This video explores the costs and benefits of using credit. Credit instruments allow consumers to take advantage of
More informationCHAPTER 2 MONEY MANAGEMENT SKILLS
CHAPTER 2 MONEY MANAGEMENT SKILLS CHAPTER OVERVIEW Successful money management is based on organized financial records, accurate personal financial statements, and effective budgeting. This chapter offers
More informationWhat to do if you re Drowning in Debt
What to do if you re Drowning in Debt A Beginner s Guide to Debt and Debt Relief Brought to you by: Copyright creditworld 2012 1 INTRODUCTION Are you drowning in debt? Do you feel like no matter what you
More informationPURCHASING A CAR. Latino Community Credit Union & Latino Community Development Center. Copyright 2016 Latino Community Credit Union
PURCHASING A CAR Latino Community Credit Union & Latino Community Development Center www.latinoccu.org BUILDING A better FUTURE Copyright 2016 Latino Community Credit Union Made possible by a generous
More informationTopic 2: Compare different types of payment card
Topic 2: Compare different types of payment card After completing this topic, you will be able to: define, understand the purpose of, and compare the features of debit and credit cards; define, understand
More informationChapter 25 What is Credit?
The Nature of Credit Credit: The Promise to Pay Who Uses Credit? Advantages of Credit Disadvantages of Credit Summary Chapter 25 What is Credit? The Nature of Credit Credit: The Promise to Pay Who Uses
More informationTopic 2: Compare different types of payment card
Topic 2: Compare different types of payment card After completing this topic, you will be able to: define, understand the purpose of, and compare the features of debit and credit cards; define, understand
More informationFIRST TIME HOME BUYERS GUIDE
20 1 7 FIRST TIME HOME BUYERS GUIDE VIPMTGINC.COM Mark Shaw SVP, Wholesale Manager Phone: 480-500-2825 Mobile: 602-418-2213 marks@vipmtginc.com vipmtginc.com NMLS ID 166607 9221 E Via de Ventura Scottsdale,
More information/
Vital used car buying tips Noticeably, there is a rapidly blooming market of used cars in India today. Buying a pre-owned or used car is practically a sensible decision even though it isn t that simple
More informationImportant updates. Service fee and account changes Personal Banking Effective June 1, 2018
Important updates Service fee and account changes Personal Banking Effective June 1, 2018 NEW enhancements at RBC available to all banking clients Easy money management with the RBC Mobile app NOMI helps
More informationQuadratic Functions. As review, we will look at the definition of a quadratic function. A quadratic function is a function f of the form
Quadratic Functions To this point, we have had some experience with quadratic equations. We know that the graph of a quadratic equation gives us a parabola. In this section, we will see how quadratic equations
More informationBanking Basics. Banks and Credit Unions. Warm-Up Activity. Why should you put your money in a bank?
Account Management Account Management You will be introduced to the banking process. You will learn how to locate a bank or credit union with which you want to do business, what accounts you should have
More informationCivics and Economics Personal Budget Project
Civics and Economics Personal Budget Project Objective The Economics/Budget Project is designed to assist students in considering your financial future. The project consists of various real world situations/decisions
More informationFinancial Literacy Course. East High School Module 2
Financial Literacy Course East High School Module 2 What will you learn about? Savings Vehicles Retirement Plans Principal & Interest Income Compounding Interest & the Rule of 72 Saving Vehicles Saving
More informationManaging Your Money NET WORTH CASH FLOW CREATING A BUDGET
MONEY What You Should Know About... Managing Your Money NET WORTH CASH FLOW CREATING A BUDGET YourMoneyCounts You probably realize that managing your money is a good idea, but you might also figure if
More informationWelcome! Cassie Costin Community Market Leader SECU
Welcome! I have over 15 years of financial services experience, with 8 of those years being spent in the credit union industry. I primarily serve the University of Maryland College Park faculty, staff
More informationCopyright 2008, 2009 & 2009 by Modular Homes Network
Published and distributed by Modular Homes Network 3660 Nicklaus Drive, Clarkston, WA 99403 Phone: (888) 770-2830 Fax: (866) 401-1084 Email: info@modularhomesnetwork.com Website: www.modularhomesnetwork.com/
More informationAssessment Schedule 2016 Accounting: Interpret accounting information for entities that operate accounting subsystems (91177)
NCEA Level 2 Accounting (91177) 2016 page 1 of 6 Assessment Schedule 2016 Accounting: Interpret accounting information for entities that operate accounting subsystems (91177) Question One (a) 2015 2016
More informationSolvay Bank VISA Platinum Preferred Cardholder Agreement Pricing Information Effective July 1, % 9.99% after
Solvay Bank VISA Platinum Preferred Cardholder Agreement Pricing Information Effective July 1, 2017 Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 9.99% APR for Balance
More informationUnit 8 - Math Review. Section 8: Real Estate Math Review. Reading Assignments (please note which version of the text you are using)
Unit 8 - Math Review Unit Outline Using a Simple Calculator Math Refresher Fractions, Decimals, and Percentages Percentage Problems Commission Problems Loan Problems Straight-Line Appreciation/Depreciation
More informationUnit 4 More Banking: Checks, Savings and ATMs
Unit 4 More Banking: Checks, Savings and ATMs Banking: Vocabulary Review Directions: Draw a line to match the word with its meaning. 1. bank 2. credit 3. ATM 4. minimum 5. maximum 6. teller 7. balance
More informationpayment protection insurance: consumer questionnaire
our ref: By completing the PPI Questionnaire we will have all the information we need to assess your complaint. Don t worry if you can t remember all of the information, or you do not have any paperwork,
More informationMerger Model Interview Questions: The Progression. What should you expect?
Merger Model Interview Questions: The Progression What should you expect? Merger Model Interview Questions I m preparing for interviews right now. How should I study for the technical questions? And what
More informationClick on the links below to jump directly to the relevant section
Click on the links below to jump directly to the relevant section Basic review Proportions and percents Proportions and basic rates Basic review Proportions use ratios. A proportion is a statement of equality
More information6 STEPS TO BUYING A NEW CAR N.W. 12th St., Doral, FL 33172
6 STEPS TO BUYING A NEW CAR 305-261-2181 9775 N.W. 12th St., Doral, FL 33172 6 STEPS TO BUYING A NEW CAR In today s economy, everyone is looking to save a few bucks wherever they can, especially when it
More informationCredit. What is Credit?
Credit What is Credit? For some, Credit can seem like this mysterious invisible force that pushes against us when we try to figure out how to buy a car, or a house. For others it is a wonderful ninja waiting
More informationECON 141: Macroeconomics Ch 5: Money and Banking Mohammed Alwosabi
Chapter 5 MONEY, BANKING, AND MONETARY POLICY 1 WHAT IS MONEY Money is anything that is generally accepted as a measure of payment and settling of debt. Money is a stock concept. It is a certain amount
More informationBefore How can lines on a graph show the effect of interest rates on savings accounts?
Compound Interest LAUNCH (7 MIN) Before How can lines on a graph show the effect of interest rates on savings accounts? During How can you tell what the graph of simple interest looks like? After What
More informationAnswers to Chapter 10 Review Questions
Answers to Chapter 10 Review Questions 10.1. Explain why peak end evaluation causes duration neglect. With peak end evaluation an event is remembered solely according to instant utility at particular points
More informationChapter 1: Principles of Control in a Foodservice Operation
Appendix A List of Equations Used Chapter 1: Principles of Control in a Foodservice Operation Relationship between cost, sales, and profit (or loss) Profit = Sales Cost Cost = Sales Profit Ratios X:Y =
More information