Untitled presentation

The plan for our lives & lifetime planning: Week 2

The plan of our lives helps you plan for the future and helps
determine the outcome of your future. Lifetime planning also helps
you determine the expectations for realistic goals, and helps with
the adjustments you will need to succeed.

Earned income & skill demand/ supply: Week3

Earned income is the money you earn over time. It also helps with determining the salary
you make and the things you can buy with the money you earn. The skill demand and
supply is what you as a skilled person can bring to the work site.

The Consumer life Cycle & Income Over the Life
Cycle: Week 4

The consumer life cycle is the amount of income you earn depending on the lifestyle you
can live. The income over the life cycle is the amount of money you will have or be left
over with after your retirement.

Property & Unearned Income from Financial assets
& Transfer Payments: Week 5

The property is what you own and determines the amount of money that will be paid
toward that property. the unearned income from financial assets is the money that you
sit back and earn. For example, if you own a store and you have employees that work for
you, then you get to sit back and collect the money they make for you. You transfer
payment is what you owe and whatever you earn you have to pay back with that money.

Federal Income Taxes & Other Deductions from Pay
Week 6

Your federal income taxes is the money you have to pay to the government for the
property you live at, and the money you make at your employment agency. The
deductions from pay includes your income taxes which goes to the government.

Paying for What We Buy & Budgeting Week 7

Pay for what you buy is just as it says. Everything you want you have to buy and it goes
back into the government along with the taxes you owe with your purchase. But
budgeting is different, because along with buying what you need the price has to come
into play and you have to know how much you are spending on that item, so you will
have enough money leftover to pay for other necessities.

Renting & Buying Week 8

When you rent a property then you have to pay the person who owns that place or thing
every time they want the rent, mostly at the end of each month. When you buy a
property of thing then you pay the person that owns it and then it’s yours until you try
and sell it for a bigger amount or keep it

Vacation & Leisure Week 9

When you go on vacation then you are temporarily going away
from home and having a moment of relaxation. Leisure is what you
do in your freetime or having free time to enjoy yourself.