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Personal Finance and Economics 45.061Instructor: Coach MurphyRoom #407Email: john.murphy@henry.k12.ga.usResources: Textbook: Economics. Houghton Mifflin Harcourt, 2018. Students will be issued a hardcopy
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How to fill out economicspersonal financial literacy

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Start by gathering all your financial documents, including income statements, expenses, and any debts.
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Create a budget by listing your monthly income and expenses to see how much you can save.
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Set financial goals, both short-term (e.g., saving for a vacation) and long-term (e.g., retirement savings).
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Learn about the basics of credit, including credit scores and how to manage credit cards responsibly.
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Educate yourself on different investment options, such as stocks, bonds, and mutual funds.
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Understand the importance of saving for an emergency fund and how to build one.
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Familiarize yourself with taxes, including how they work and filing your tax returns correctly.
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Explore the options for retirement accounts, such as 401(k)s or IRAs, and their benefits.
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Consider seeking advice from financial professionals if needed.

Who needs economicspersonal financial literacy?

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Students preparing to enter the workforce and manage their own finances.
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Anyone interested in building wealth and securing their financial future.

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Economic personal financial literacy refers to the knowledge and skills individuals need to make informed financial decisions, understand economic concepts, and manage personal finances effectively.
Individuals who wish to demonstrate their understanding of personal finance or those mandated by specific programs or regulations may be required to file documentation related to economic personal financial literacy.
Filling out economic personal financial literacy typically involves completing a standardized form that may include sections on income, expenses, investments, and savings, along with demonstrating understanding through quizzes or educational assessments.
The purpose of economic personal financial literacy is to equip individuals with the knowledge to manage their financial resources effectively, make sound investment choices, avoid debt, and plan for future financial needs.
Information that may need to be reported can include personal income, expenses, savings, debt levels, investment portfolios, and goals for financial planning.
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