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A-1.01-Economic Activities
ResponsibleResponsible Earning, Earning,
Spending, Saving, Spending, Saving, and Borrowingand Borrowing
A-1.01-Economic Activities
Will the Will the students students who have who have the coins the coins please please stand up?stand up?
What is What is responsible responsible earningearning??
A-1.01-Economic Activities
Will the Will the students students who have who have the cash the cash please please stand up?stand up?
What is What is responsible responsible spendingspending??
A-1.01-Economic Activities
The $35+ in CashThe $35+ in Cash
What is your definition of responsible spending?
A-1.01-Economic Activities
Will the Will the students students who have who have the banks the banks please please stand up?stand up?
What Is Responsible What Is Responsible Saving?Saving?
A-1.01-Economic Activities
The Piggy The Piggy BankBank
What is your definition
of responsible saving?
A-1.01-Economic Activities
The Commercial BankThe Commercial Bank
What is your definition of responsible
saving?
A-1.01-Economic Activities
Will the Will the students who students who have the have the credit cards credit cards and the IOU and the IOU please stand please stand up?up?
What Is What Is Responsible Responsible BorrowingBorrowing??
A-1.01-Economic Activities
The “Priceless” The “Priceless” CardCard
What is your definition of responsible borrowing?
A-1.01-Economic Activities
The definitions shared The definitions shared point out ways in which point out ways in which these terms are these terms are different . . . different . . . . . . but, what do . . . but, what do earning, earning, spending, saving, spending, saving, and and borrowingborrowing all all have in common?have in common?
A-1.01-Economic Activities
Pair up with another Pair up with another student to talk about this. student to talk about this.
Hint: What does the word Hint: What does the word
responsibleresponsible mean to mean to you?you?
What do earning, spending, What do earning, spending, saving, and borrowing have saving, and borrowing have
in common?in common?
A-1.01-Economic Activities
Earning, spending, saving, Earning, spending, saving, and borrowing are all and borrowing are all economic activities.economic activities.
When done responsibly, When done responsibly, they lead to many they lead to many benefits for individualsbenefits for individuals
and families.and families.