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Money Management

What It Is?

Week 1 (Day1) - Price vs Value / Supply and Demand

  • Review difference products and cost

 

Week 1 (Day 2) - Millionaire Mentality - (Millionaire Next Door/ Millionaire Habits)

  • Learning different ways to save from earnings

 

Week 2 (Day 3) - Formula for Saving/ Spending for Income

  • Introduction to different saving challenges

 

Week 2 (Day 4) - Budgeting

  • Introduce a budget sheet

  • How to keep track of income vs. spending in journal

 

Week 3 (Day5) - How to Pay Bills

  • In store vs. Online (On time)

  • Late payment fee

 

Week 3 (Day6) - How Banks Work

  • Depositing Money

  • Withdrawing Money

  • Bank Vs ATM

 

Week 4 (Day 7) - Teach about Debt/ Types of Debt/ Expenses

  • Positive Debt vs Negative Debt

  • How it affects Credit Score

  • Interest rate attached to debt

 

Week 4 (Day 8) - Teach about Assets

  • How to gain assets vs liabilities

  • Land, Stocks, Art, etc

 

Week 5 (Day 9)- Depreciating Assets

  • Items that depreciate after purchase

  • Cars, Shoes, etc.

 

Week 5 (Day 10) - Image vs Reality

  • What is seen on television vs Real life spending


 

Week 6 (Day 11) -   Goals

  • Setting money/ saving/ spending goals

  • Setting reasonable income: spend: save goals

 

Week 6 (Day 12) -  How to Obtain Goals

  • Short term saving vs long term saving

  • Review different challenges to make goal saving fun

 

Week 7 (Day 13) - Figuring Out What Type of Lifestyle/ Career Choices

  • Comparing the present with the future

  • How to obtain the career chosen

  • How to obtain the lifestyle chosen

 

Week 7 (Day 14) - Review Incomes for Careers/ Salaries

  • Make a list of careers and research income for careers chosen