What we do.

Today we learned how to calculate our Financial "goodness" or "Well Being" and the different values that effect it.

Our "Net Worth" which is how much you have or are worth after deductions. The two things that govern it are your assets(your positive or how much you have) and your liabilities (the negative or how much you owe).

The second factor that effects your Financial Well Being is your Debt/Equity Ratio, see below for the equation. The major thing to remember about this lesson is that your debt equity ratio should not be more than 50%.

The third and last thing that effects your Financial Well Being is your ability to get the bank to give you money, which is called your Credit Rating. Which means how well and how often you pay your bills.

Our assignment is to use the information we gained during the class to get "Sammy's" Finnacial Well Being.

Where Are The Numbers?....James says.....

TVM Solver Help

http://staff.argyll.epsb.ca/jreed/calculator/ti83p/TMV.htm

Here is a link to a few examples to help with the T-83 TVM Solver.

Personal Finance Review

Today in class we corrected question number 2 on the personal finance review booklet. We worked through 2a-2e. We first used the TVM solver on the calculator, followed by learning how to use excel. We made a spread sheet that, an old bank worker from the past wishes he had. Homework for weekend! On the internet find links for stuff that does the same thing we learned today.(TVM Solver, Excel Spreadsheet like) Figure it out. Here are the notes from today ladies and gents-

Math Rules

Binary

There are 10 kinds of people in the world. Those who understand binary, and those who do not.

The Awesome Log Guy from YouTube

Escalator Post

The moral is?.....please respond below as a comment. I'd like to gauge interest in what we talked about as formative assessment....