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    SS Guided Notes 1.4.1.L1

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    jackson W

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    SS Guided Notes 1.4.1.L1

    Uploaded by

    jackson W
    189 views2 pages

    Original Title

    38. SS Guided Notes 1.4.1.L1

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    189 views2 pages

    SS Guided Notes 1.4.1.L1

    Uploaded by

    jackson W

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1.4.1.

    L1
    Note Taking Guide

    Saving Money Guided Notes

    Total Points Earned Name Jackson Warner


    Total Points Possible
    Percentage Date 11/16/20
    Class 2nd

    What is
    savings?
    Helps become more
    Why is it important to financially secure Where can money be saved?
    save
    So if something big comes up you
    money?
    can plan ahead In a separate savings account

    How much money is a person How can the recommended


    recommended to have in amount of savings be
    Around 2000savings? reached?
    Putting away 10 to 20%

    Money insured from loss

    Your insured Accounts earn


    interest

    Holds money Pays a higher Pays interest on


    not spent on interest rate a lump sum of
    current than a savings money
    expenses account

    Summer 2017 FC11 Principles of Family and Human Services


    What is the time value of
    money?

    money paid in future is not equal to


    money paid today

    How does interest rate How does time affect How does amount of money
    affect the affect the time value of
    the time value of money? time value of money? money?

    Save as much as possible,


    Save for as long as Save at the highest
    as often as possible!
    possible! interest rate possible!

    What is the pay


    yourself
    first strategy?

    End result of something a person intends


    to accomplish

    What is a What is a financial What is a trade-


    goal? goal? off?

    Specific objectives to be Helps identify and focus on Giving up one thing for
    accomplished through another
    items that are most
    financial planning important

    © Take Charge Today – December 2010 – The Secrets of Saving


    Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of
    Arizona

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