Warm-up
• List everything you own (assets) that could be
sold for cash? List the estimated value.
– Examples: car value, savings accounts, checking
accounts, etc.
• List everything you owe (liabilities) that need to
be paid today. Do not include monthly bills like
cell phones, insurance, etc. (unless they are
passed due)
– Total of remaining car payments, debt to parents, a
friend, loans, etc.
Lesson Three: Net Worth and Cash
Flow
• Organize and then determine your net
worth using a net worth worksheet and a
monthly cash flow worksheet
Teens and Money
Budget Worksheet
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Student centered activity: Cash Flow worksheet
List your total income (estimate)
List your total expenditures (estimate)
Find your monthly Surplus or Deficit
Question: What term is used to describe a cash
flow worksheet that has a deficit at the end of
the month
• Answer: Negative Cash Flow
Budget Project
• Teacher review and assessment at the quarter
point……
Article: “What is going On?”
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Review
Read sections 1, 2, 3, 4
What is causing the price to go up?
What can we as consumers do to cut costs?
What is the effect on the overall economy?
Record answers on paper…..
Net Worth
• An important step in gaining financial control
is to calculate your net worth
• Assets – Liabilities = Net Worth
• Own - owe = what your worth
• Complete sheet to the best of your ability.
• Due Tomorrow: 10 points
• Net worth calculator-- Median age
comparison/
If you want to really get down and dirty with the numbers, go to the CNN calculator and type in your age and income to get something more customized.
I couldn’t show everything here, there are too many variables.
Closure– Net Worth is just a number
• What is the difference between a cash flow
statement and a net worth statement?
• Answers
• Why is this information important?