MONEY AND MONEY MANAGEMENT Thursday, February Instituto Guatemalteco Americano 12, 2015
Content What is Money? ............................................................ 2 Ways to save money ................................................... 2 Ways to Waste Money ................................................ 3 Money Problems........................................................... 5 Problem # 1:................................................................ 5 Solution # 1: ................................................................ 5 Problem # 2:................................................................ 7 Solution # 2: ................................................................ 7 Problem # 3:................................................................ 8 Solution # 3: ................................................................ 8 Sudoku ........................................................................... 9 Crossword ................................................................... 10
2/12/2015
What is Money? Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.[The main functions of money are distinguished as a medium of exchange; a unit of account; a store of value; and, perhaps, a standard of deferred payment. [
Ways to save money 1. Record your expenses The first step in saving money is to know how much you’re spending. For one month, keep a record of everything you spend.
2.
Make a budget
Now that you have a good idea of what you spend in a month, you can build a budget to plan your spending, limit over-spending and make sure that you put money away in an emergency savings fund.
3. Plan on saving money Taking into consideration your monthly expenses and earnings, create a savings category within your budget and try to make it at least 10-15 percent of your net income
. 4. Set savings goals Setting savings goals makes it much easier to get started. Begin by deciding how long it will take to reach each goal.   
Saving money for a vacation Saving to buy a new car Saving to pay taxes 5. Decide on your priorities Different people have different priorities when it comes to saving money, so it makes sense to decide which savings goals are most important to you.
6. Watch your savings grow With these simple ways to save money, it may even inspire you to save more and hit your goals faster.
Ways to Waste Money Compulsive habits Such as smoking, drinking, or gambling can easily consume any money you save. Eliminating them from your life is both a boon to your wallet and your health. The lottery You have a higher chance of being struck by ightning than winning the lottery.
Water Stop buying bottled water. You have options. Get an under sink filter.
Money Problems Problem # 1: There are many people who spend their Money in materials things and that they have to pay it in long terms. They do not save their Money and then they cannot pay their debts. In addition, the worst is that they still buying more stuffs.
Solution # 1: They have to realize the situation and start to save their Money to pay their debts and stop buying things that they do not need.
Money Problems Problem # 2: Is the excessively careful behavior with money it depends on the income of the person but also is a personality trait that has occurred since childhood, either as a product of education, when parents retain both the money and the affection, or in response to a lack of affection in childhood stage. Usually stingy people do not share the money with anyone else; they do not do extra expenses and are able to remove themselves certain expenses for the fear of losing their money.
Solution # 2: The stingy tends to consider they are right about how they are managing their money and that the other people are simply wasteful.
the cure for stinginess can be lessened if people belonging to the nearest multiple circles make things clear about they are leaving to enjoy everything they do and that different friendships or relationships that can lose to continue putting the money supply in other human aspects. On the other hand, there are those who believe that persuade a stingy person that is impossible, we could say that cases of stingy people on therapy to fix this issue are invalid.
Money Problems Problem # 3: Credit cards are partly to blame (have plastic, will spend), but it turns out you really were born to shop. Scientists have learned that when you anticipate buying something tantalizing, like a chic cashmere cardigan, your brain releases dopamine, a chemical that helps produce feelings of well-being.
Solution # 3 Make shopping harder. First, delete bookmarked shopping sites from your computer. Next, gather the pile of catalogs by your bed, call the toll-free number for each, and ask to be removed from the firm’s mailing list. Open your wallet and remove all but one credit card. Put the rest away in a drawer — or cancel them. Moreover, Change some of your everyday habits.
Sudoku
Sudoku Solution
Cross Word