Monthly Budget
Financial, Economic, and Business Literacy 21st Century Skill
One day in math class we had this guy from Valley Isle Credit Union come in to talk to us about Financial Literacy. He gave us a few papers to work on and read while he gave a presentation. Obviously the 21st century skill that this work example represents is Financial, Economic, and Business Literacy. During the presentation I was able to learn about things like fixed expenses and controllable expenses. I learned how to save money and also learned what choices I can make that will help me financially later.
We basically focused on Financial Literacy. The Valley Isle Credit Union packet says financial literacy is "The ability to make informed judgements and to take effective actions actions regarding the current and future use and management of money.It includes the ability to understand financial choices, plan for the future, spend wisely, and manage the challenges associated with life events such as a job loss, saving for retirement, or paying for a child's education". This is important to learn because right out of High School I might be dealing with these things. I learned that it is best to cut down on controllable expenses. Some things might seem cheap and worth the price but overtime the expense builds up. For example, if you are buying a five dollar Starbucks coffee a day, within a month you have already spent one hundred fifty dollars on just coffee alone. This assignment and lesson has better prepared me for later in life, and it is a great example of the Financial, Economic, and Business 21st Century Skill.
We basically focused on Financial Literacy. The Valley Isle Credit Union packet says financial literacy is "The ability to make informed judgements and to take effective actions actions regarding the current and future use and management of money.It includes the ability to understand financial choices, plan for the future, spend wisely, and manage the challenges associated with life events such as a job loss, saving for retirement, or paying for a child's education". This is important to learn because right out of High School I might be dealing with these things. I learned that it is best to cut down on controllable expenses. Some things might seem cheap and worth the price but overtime the expense builds up. For example, if you are buying a five dollar Starbucks coffee a day, within a month you have already spent one hundred fifty dollars on just coffee alone. This assignment and lesson has better prepared me for later in life, and it is a great example of the Financial, Economic, and Business 21st Century Skill.