The Process
|
Home | Introduction
| Task | Process & Resources
| Evaluation | Conclusion
| Teacher Page
| Credits |
Step 1
You are completely enthralled by just the thought of saving money! Work with the Money Spender to determine just how far Janet can make those extra dollars stretch! First determine what time of investor Janet is most likely to be by taking this quiz.
Step 2
Use the recorded amount of money the Money Spender discovered after "trimming' Janet's expenses. Help Janet research neccessary information to determine what should be done with the trimmings. How can Janet save this money other than placing it in a general savings account. Research the types of savings accounts. Last week when Janet went to the bank to cash her first check she remembered seeing banners and posters about CD's and money markets, what are those again? And Janet's co-worker mentioned something about his 401K , what's that again? Use this calculator to determine how much money can Janet save with her company's 401K?
Step 3
Lets not forget Janet needs to pay off her credit card debt. Determine how long it will take to do this by using this calculator.
Step 4
Janet needs to also develop an Emergency fund. Collaborate with the 3 other personalities to do this.
Step 5
Save all information gathered from Steps 1 through 4 and wait for the other identies to complete their tasks to collectively create your financial presentation together. Click here to view your final step!
Emergency Money!
