Personal Finance
Will Gray, Jaymie Dowdy, Brookelyn Norman
Monetary Policy
Controlled by the Federal reserve system
Regulates the amount of money in the economy
Controls interest rates and how easy it is to get money
Lower interest rates to get people to put money in
Tight monetary policy allows less money in circulation, encourages saving and discourages loan by forcing loan interest rates up
Loose monetary policy puts more money in circulation, encourages spending and discourages savings
Five Principles of Personal Finance
Earn
Paychecks,Social Security, Taxes, Education,Health
Borrow
Tracking and borrowing, habits,paying bills on time,learn to use credit,credit history counts, amount and percent rate.
Save/Invest
Pay yourself first,try to put away money and build for emergencies, also save for retirement and major events.
Image Citations
Federal Reserve System Emblem - Federal reserve system emblem [Drawing]. Retrieved from https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwjQ2Zb69cfLAhVIQCYKHXIrDM8QjxwIAw&url=http%3A%2F%2Fwww.encyclopedia.com%2Ftopic%2FFederal_Reserve_System.aspx&psig=AFQjCNFJeN-uy0fcyqc20__c2iLAnbGj8g&ust=1458310997443396
"How To Budget When You Don't Have a Regular Paycheck - The Budgetnista Blog." The Budgetnista Blog. 2014. Web. 17 Mar. 2016.
"Borrow Family Quotes." . QuotesGram. Web. 17 Mar. 2016.
Spend Money. Off The Grind. Web. 18 Mar. 16.