Pocket Money - SEBI Investor Awareness Website - Securities and ...
Pocket Money - SEBI Investor Awareness Website - Securities and ... Pocket Money - SEBI Investor Awareness Website - Securities and ...
ACTIVITY 3Advantage Maxima!! – The AdMax grid for effectivedecision – making.STEP 1: Define the ObjectiveSTEP 2: Identify Your CriteriaSTEP 3: List the AlternativesSTEP 4: Evaluate Your AlternativesSTEP 5: Make a Decision.Suppose your family wants to buy a car. There are someparameters/criteria that you would want in a car, e.g. youmight want high mileage, big size etc. list down these criteriaand also, list down the options available in the market. Analyzingthese options by puting them down in the grid, you can easilymake your decision!108
SESSION 2BUDGETING: BALANCING THE MEANS AND THE ENDSDear Parentsarents,In today’s session your child has learnt:What is a budget?Budget is a plan for the coordination of resources andexpenditures OR a projection of one's earning and expenditure.Why is drawing a budget necessary?Budget is necessary in order to: Optimize savings. Ensure that we don't spend more than our means. To save accurately for a particular short/long term goal. To effectively allot funds to various areas of expenditurein advance.What are ‘surplus’ and ‘deficit’ with respect to a budget? Surplus is the amount that remains when a need is satisfied;in other words, when the projected income minus projectedexpenditure is POSITIVE, it is called a SURPLUS. Deficit is a lack OR an excess of expenditure over revenue;in other words, when the projected income minus projectedexpenditure is NEGATIVE, it is called a DEFICIT.109
- Page 54 and 55: 10. Sensex:________________________
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- Page 62 and 63: SMART PREVIEWMutual fundsInvesting
- Page 64 and 65: QRIOSITYThe triangle of investmentl
- Page 66 and 67: And ultimately they decided to call
- Page 68 and 69: MUTUAL FUNDS : CHOICES GALOREMr. Ma
- Page 70 and 71: EUREKA'S SOLUTIONSMr. Eureka, the f
- Page 72 and 73: Mr. Eureka’s assistant explains:_
- Page 74 and 75: 7. Mr. Roshan Vesuwala: About 30 ye
- Page 76 and 77: freelance fashion designer. Mr. Vis
- Page 78 and 79: SMART PREVIEWIn the next class we s
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- Page 82 and 83: COST OF BORROWINGFollowing are thre
- Page 84 and 85: What is Reducing Balance Method of
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- Page 88 and 89: • Personal Loan• Education Loan
- Page 90 and 91: QRIOSITYRead the following statemen
- Page 92 and 93: Sunny’s Need/Want Analysis and Sa
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- Page 102 and 103: tivities and help them understand o
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- Page 108 and 109: ones instant gratification. Provide
- Page 110 and 111: SESSION 3INVESTMENT : NURTURING THE
- Page 112 and 113: INVESTMENT MANTRAS:Money grows with
- Page 114 and 115: SESSION 4BASICS OF BANKINGDear Pare
- Page 116 and 117: SESSION 5STALKING THE STOCKSDear Pa
- Page 118 and 119: A SHARED FAMILY ACTIVITYWhether you
- Page 120 and 121: ACTIVITY 2Here is a summary of the
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- Page 124 and 125: ACTIVITY 2Here is a table, which wh
- Page 126 and 127: SESSION 7BEYOND SAVINGS : BORROWING
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- Page 136 and 137: TABLE 2Prioritize the factors that
- Page 138 and 139: ACTIVITY 3MINI QUIZ1. The interest
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- Page 146 and 147: Smart Money Glossary Crossing: 'Two
- Page 148 and 149: Smart Money TipsTips for saving:•
- Page 150 and 151: Smart Money TipsYou can earn too!!
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SESSION 2BUDGETING: BALANCING THE MEANS AND THE ENDSDear Parentsarents,In today’s session your child has learnt:What is a budget?Budget is a plan for the coordination of resources <strong>and</strong>expenditures OR a projection of one's earning <strong>and</strong> expenditure.Why is drawing a budget necessary?Budget is necessary in order to: Optimize savings. Ensure that we don't spend more than our means. To save accurately for a particular short/long term goal. To effectively allot funds to various areas of expenditurein advance.What are ‘surplus’ <strong>and</strong> ‘deficit’ with respect to a budget? Surplus is the amount that remains when a need is satisfied;in other words, when the projected income minus projectedexpenditure is POSITIVE, it is called a SURPLUS. Deficit is a lack OR an excess of expenditure over revenue;in other words, when the projected income minus projectedexpenditure is NEGATIVE, it is called a DEFICIT.109
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