Managing Your Money

Managing Your Money

You get a paycheck and then what? Students will learn to answer this question and more with this multimedia module on the topic of managing personal finances. The concepts covered in this module include understanding aspects of compensation, using a bank account and developing a personal budget.

Competencies Include:

  • Explain Gross versus Net Pay
  • Explain Salaried versus Hourly Compensation
  • Discuss Overtime Rates
  • Describe Required and Optional Deductions
  • Explain Why Budgeting is Necessary
  • Describe Factors to Consider in Making a Budget
  • Discuss Reasons to Open a Checking Account
  • Explain Exercising Caution with Credit Cards
  • Discuss Developing a Personal Budget


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