A-1.01-Economic Activities Responsible Earning, Spending, Saving, and Borrowing.

20
A-1.01-Economic Activities Responsible Responsible Earning, Earning, Spending, Saving, Spending, Saving, and Borrowing and Borrowing

Transcript of A-1.01-Economic Activities Responsible Earning, Spending, Saving, and Borrowing.

A-1.01-Economic Activities

ResponsibleResponsible Earning, Earning,

Spending, Saving, Spending, Saving, and Borrowingand Borrowing

A-1.01-Economic Activities

ResponsiblResponsible Earning?e Earning?

WhatWhatIsIs

A-1.01-Economic Activities

Will the Will the students students who have who have the coins the coins please please stand up?stand up?

What is What is responsible responsible earningearning??

A-1.01-Economic Activities

The QuarterThe Quarter

What is your definition of responsible

earning?

A-1.01-Economic Activities

The DimeThe Dime

What is your definition of responsible

earning?

A-1.01-Economic Activities

The NickelThe Nickel

What is your definition of responsible

earning?

A-1.01-Economic Activities

The PennyThe Penny

What is your definition of responsible

earning?

A-1.01-Economic Activities

ResponsiblResponsible e

Spending?Spending?

WhatWhatIsIs

A-1.01-Economic Activities

Will the Will the students students who have who have the cash the cash please please stand up?stand up?

What is What is responsible responsible spendingspending??

A-1.01-Economic Activities

The DollarThe Dollar

What is your definition of responsible spending?

A-1.01-Economic Activities

The $35+ in CashThe $35+ in Cash

What is your definition of responsible spending?

A-1.01-Economic Activities

Will the Will the students students who have who have the banks the banks please please stand up?stand up?

What Is Responsible What Is Responsible Saving?Saving?

A-1.01-Economic Activities

The Piggy The Piggy BankBank

What is your definition

of responsible saving?

A-1.01-Economic Activities

The Commercial BankThe Commercial Bank

What is your definition of responsible

saving?

A-1.01-Economic Activities

Will the Will the students who students who have the have the credit cards credit cards and the IOU and the IOU please stand please stand up?up?

What Is What Is Responsible Responsible BorrowingBorrowing??

A-1.01-Economic Activities

The “Priceless” The “Priceless” CardCard

What is your definition of responsible borrowing?

A-1.01-Economic Activities

I O UI O U

What is your

definition of

responsible borrowing?

A-1.01-Economic Activities

The definitions shared The definitions shared point out ways in which point out ways in which these terms are these terms are different . . . different . . . . . . but, what do . . . but, what do earning, earning, spending, saving, spending, saving, and and borrowingborrowing all all have in common?have in common?

A-1.01-Economic Activities

Pair up with another Pair up with another student to talk about this. student to talk about this.

Hint: What does the word Hint: What does the word

responsibleresponsible mean to mean to you?you?

What do earning, spending, What do earning, spending, saving, and borrowing have saving, and borrowing have

in common?in common?

A-1.01-Economic Activities

Earning, spending, saving, Earning, spending, saving, and borrowing are all and borrowing are all economic activities.economic activities.

When done responsibly, When done responsibly, they lead to many they lead to many benefits for individualsbenefits for individuals

and families.and families.