FHT1 eC5 PF

1. Personal Finance
Why do I need to know this stuff?

2. Who Say’s I have to take this class?
• Since 2010 the State of Missouri has required all
students to take Personal Finance in order to graduate
• North Kansas City Schools requires a Personal
Finance class to graduate.

3. Reasons to learn about Personal
Finance
• Teens have jobs
• Teens buy cars
• Teens have bank accounts
• Teens file taxes
• Teens like to spend money

4. Think about this..
• More than 160 million Americans have credit cards.
• The average credit card holder has at least three cards.
• On average, each household with a credit card carries more than
$15,000 in credit card debt.
• Total U.S. consumer debt is at $11.4 trillion. That includes mortgages,
auto loans, credit cards and student loans. (Debt.Org)
• The average debt load for the college class of 2012 was $29,400,
according to a report released Wednesday by the Institute for College
Access & Success' Project on Student Debt.
• High school grads without college degrees faced an unemployment rate
of 17.9% in 2012, compared to 7.7% for young college graduates. (First
Published: December 4, 2013)

5. Topics covered in
Personal Finance
T

6. Topics in Personal Finance
• Income
• Money Management
• Saving and Investing
• Spending and Credit

7. Don’t Monkey Around with your Money!