If you were faced with a major financial decision...would you know what to do? With your team, read your assigned scenar

[answerhappygod]

If you were faced with a major financial decision...would you know what to do? With your
team, read your assigned scenario (below) and discuss the financial information and
strategies you would use in that case. Use the websites listed and the handout Money
Matters: Know the Lingo to help you form a plan to present to the rest of the class.
Be able to explain with a scenario or example of your own for each.
Scenario 1:
Saving for a car You want to buy a car in the next year so you can drive to your job and school
What financial decision-making strategies can you use?
(Cost comparison, cost-benefit analysis, calculating future expenses or budgeting?)
Scenario 2:
Saving for college You are a freshman in highschool and have your eye on a college degree. But college is expensive, especially since the costs include tuition, food, living expenses, travel and books.
What financial decision-making strategies can you use?
(Cost comparison, cost-benefit analysis, calculating future expenses or budgeting?)
Scenario 3:
Buying a cell phone plan It’s time to buy a new cell phone plan,
and you will be paying for this one yourself. The providers offer a lot of
options, and your budget is limited.
What financial decision-making strategies can you use?
(Cost comparison, cost-benefit analysis, calculating future expenses or budgeting?)
The websites below will help with your research
College-Cost Resources
• collegeboard.org
• finaid.org
Car-Buying Resources
• Edmunds.com
• kbb.com
Cell Phone Plan Resources
• myrateplan.com
• phonedog.com