Mathematics > DISCUSSION POST > 4A - Taking Control of Your Finances KEY - San Jacinto Community College MATH 1332 (All)

4A - Taking Control of Your Finances KEY - San Jacinto Community College MATH 1332

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4A – Taking Control of Your Finances Managing your personal finances is a complex task in the modern world. Focus/Discussion: You are a high school graduate and figure you could use an extra $1 mi... llion. What is your best strategy for getting it? a. Wait for the lottery to have an unusually large prize, then buy a lot of tickets b. Develop your athletic skills in hopes of becoming a professional athlete. c. Go to college d. Invest in the stock market. e. Get a restaurant job in hopes that you can move up through the ranks to management. Quote: “A fool and his money are soon parted” – English proverb Controlling Your Finances x Know your _______________________. __________ bouncing a check or having your debit card _____________. x Know what you __________; in particular, keep ________ of your debt and credit card spending. x Don’t buy on __________________. Think first; then buy only if you are sure the purchase makes sense for you. x Make a ____________, and don’t overspend it. Example 1: Latte Money Calvin isn’t rich, but he gets by, and he loves sitting down for a latte at the college coffee shop. With tax and tip, the usually spends $5 on his large latte. He gets at least one a day (on average), and about every three days he has a second one. He figures it’s not such a big indulgence. Is it? How much does Calvin spend in a week and in a year? [Show More]

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