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es ? Periodic Fixed Expenses ? Variable Expenses ? Debts BUILDING MY MONTHLY BUDGET Slide 6 – Building my Monthly Budget Lesson Reference: Money Management, Activity 1 – Handout 4 8 Money Management Activity 2 ACTIVITY 2 Saving for a Rainy Day Overview ? Reasons to save ? Concerns and issues with saving ? Where to save 9 Slide 1 Saving for a Rainy Day Lesson Reference: Money Management, Activity 2 – Overhead 1 SAVING FOR A RAINY DAY 10 Slide 2 Reasons to Save Lesson Reference: Money Management, Activity 2 – Overhead 2 REASONS TO SAVE ? Provide for unexpected emergencies. ? Purchase expensive items in the future. ? Ensure retirement. ? Plan for investment opportunities. 11 Slide 3 – Concerns and Issues When Saving Lesson Reference: Money Management, Activity 2 – Handout 1 CONCERNS AND ISSUES WHEN SAVING ? Safety ? Restrictions ? Liquidity ? Earnings ? Taxes 12 Slide 4 – Places to Save Lesson Reference: Money Management, Activity 2 – Handout 2 PLACES TO SAVE ? Savings Accounts ? Money Market Accounts ? Certificates of Deposit (CDs) ? Savings Bonds ? Insurance 13 Slide 5 Looking at Places to Save Lesson Reference: Money Management, Activity 2 – Overhead 3