Lesson 4: Purchasing Power and Net Worth

Figure out your net worth by tallying up all of your assets that you own.

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Calculate your purchasing power by adding all of the monetary value you own.

Assignment:

Write a 4 sentence paragraph explaining how you calculated your net worth.I do NOT want to know your net worth, I want to know what things you needed to consider when calculating your net worth.Did you have to include everyday items, only those items you store in a savings deposit box (or some other safe place), or only thing large ticket items you own?

THEN answer this question:Why should a person know their net worth?

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Goal

Your task is to create a monthly budget given certain circumstances.

Role

You are a single person who just received a full timejobin a factory(40 hours) You will make $12.00 an hour.

Audience

You need to convince your parents that you can maintain a budget to live in a one bedroom apartment that costs $300 for rent a month.

Situation

The challenge involves dealing with finding average heating, water, sewage bills in your area so that you can include those in your budget.

Product, Performance, and Purpose

You need to developa monthly budgetso that you can show your parents that you can afford the expenses.

Please upload your completed assignment here. Be sure you have included your name at the top of your documentandas part of the file name. Be sure to review the rubric to see how you will be graded.

Goal

Your task is review three banks and to decide which checking/saving account is right for you.

Role

You are to choose three local banks and research what each has to offer.

Audience

You need to convince your parents/guardians it is time to open your own account.

Situation

The challenge involves dealing with different promotional offers and interest rates for different savings accounts.

Product, Performance, and Purpose

You need to develop a list of reasons why you chose this certain bank so that you will feel comfortable (as well as your parents) about opening an account.

Please upload your completed assignment here. Be sure you have included your name at the top of your documentandas part of the file name. Be sure to review the rubric to see how you will be graded.