International Saving MonthSM - PowerPoint PPT Presentation
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International Saving MonthSM
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What will you do with your money? Short-Term, Long-Term: What's the Difference? List your goals. ... Investing can make your money grow faster. Stocks. Bonds. ... – PowerPoint PPT presentation
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Title: International Saving MonthSM
1
International Saving MonthSM Presentation for
Kids inGrades 7 to 12
International Saving Month and Time to Save are
service marks of Merrill Lynch Co., Inc.
1999 Merrill Lynch, Pierce, Fenner Smith
Incorporated. Published in the U.S.A. Member,
Securities Investors Protection Corporation
(SIPC).
2
Five Steps to Successful Saving
- 1. Start now.
- 2. Make a budget.
- 3. Make a plan.
- 4. Find ways to save.
- 5. Make your money grow.
3
Make a Budget
- 1. Add up your monthly income.
- 2. Add up your monthly expenses.
- 3. Whats left over?
- 4. What will you do with your money?
4
Short-Term, Long-Term Whats the Difference?
- List your goals.
- Are they short-term or long-term?
- What will they cost?
- Which goals are most important?
- When do you need toreach them?
5
Make a Plan
- See where you stand today.
- Identify your goals.
- Know your time frame.
- Find ways to save.
- Put your plan into action.
- Monitor your progress.
6
Make Your Money Grow
- Deposit savings (principal) in an
interest-bearing account. - Interest compounds over time, building your
savings. - The Rule of 72 shows how soon your savings will
double.
7
Investing The Next Step
- Investing can make your money grow faster.
- Stocks.
- Bonds.
- Cash equivalents.
- Mutual funds.
8
What Happens at the Stock Market?
9
Use Credit Wisely
- Apply for your first card.
- Dont charge more than you can afford.
- Protect your credit history.
- Pay bills in full and on time.
10
Saving GoalA Car
- Will you buy new or used?
- Will you apply for a loan?
- Will you buy or lease?
- Save enough for other expenses insurance,
license, registration, inspection, maintenance,
gas.
11
Saving GoalCollege
- Calculate the cost.
- Develop a savings plan.
- Save regularly.
- Open a college savings account.
- Invest for growth.
- Find funding alternatives.
12
Saving GoalYour Own Apartment
- Having your own place means having our own living
expenses. - Do some research.
- Use a household budget.
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