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=Welcome to Your Personal Finance Wiki! =

Economics in Plain English

**Personal Finance Principles that Everyone Should Know** This year in Personal Finance, we discussed many aspects of managing your money, including:
 * 1) Map Your Financial Future
 * 2) Don’t Expect Something for Nothing
 * 3) High Returns Equal High Risks
 * 4) Know Your Take-Home Pay
 * 5) Compare Interest Rates
 * 6) Pay Yourself First
 * 7) Your Credit Past is Your Credit Future
 * 8) Start Saving Young
 * 9) Stay Insured
 * 10) Budget Your Money
 * 11) Don’t Borrow What You Can’t Repay

Choose one of these principles and determine a way to teach someone without a clue about personal finance this fundamental principle on your Wikispace page in a creative and dynamic manner (not just text). Things you will want to remember:
 * 1) State the principle
 * 2) Tell what it means
 * 3) Give several examples of how the principle works
 * 4) Show the positive things that can happen when following the principle
 * 5) Show the negative things that can happen if someone fails to follow the principle


 * Economics **


 * Competition: Pizza!**
 * On this website, you will** learn about competition in the marketplace, and see what happens when businesses compete with each other.

Complete the following:
 * 1) Read over the website to review the information about businesses and how they compete
 * 2) Now do the **Activity: **Smalltown's Pizza!
 * 3) When you are done with this, at the end of the questions you will have the option to email it to me (lkubish@helix.k12.or.us)
 * 4) Then, do the Activity that says "Click here to play [|Pizza! Activity] "
 * 5) When you are done with this, at the end of the questions, you will have the option to print your answers
 * 6) Finally, answer the questions at the Conclusion section
 * 7) Again, you should email me your responses

An entrepreneur is ‘a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk’. Entrepreneurs can rightly be called the force that drives economic and social progress. They are the innovators and the source of employment, productivity and progression. Some famous entrepreneurs include:
 * Steve Jobs
 * Richard Branson
 * Tony Hsieh
 * Paul Allen
 * Mel Ziegler
 * Blake Mycoskie
 * Martha Stewart
 * Mark Zuckerberg
 * Larry Page
 * Adolf Dassler- Brittany
 * Mary Kay Ash- Kaycee
 * Ray Kroc
 * Michael Dell- Braden
 * Philip Knight
 * or another entrepreneur of your own choosing

Learn more about one of these people. Using Kizoa, create a slideshow with images and text that presents some interesting information about the person.
 * Tell me a bit about their background
 * Discuss the business venture they are best known for
 * What were the risks they assumed in organizing their business? (discuss at least 3)
 * What factors of production does their business rely on? (list 5)

Embed the completed slideshow on your PFF wikispace page

==

=Plan a Vacation for Two!=

Use the following guidelines to plan and present a unique and fun family vacation for $3,000:

Prepare a detailed budget that shows
 * From Pendleton to ??
 * You will need to travel by car, plane, or train to your destination.
 * By car? Gas will be budgeted at $4 per gallon
 * By plane? Use Orbitz to get airfare
 * By train? Use Amtrak for fares
 * Don't forget travel while you are at your destination
 * Bus, light rail, taxi, rental car
 * Where will you stay?
 * Hotel, bed and breakfast, resort, house
 * How much will it cost you for food?
 * You could eat out, eat at the hotel, or buy groceries and prepare your own meals (if hotel has a kitchen)
 * What will you do for recreation/entertainment?
 * Admissions to movies, concerts, museums, sports events, amusement parks, etc.
 * Visit tourist attractions
 * You will need to reserve several hundred dollars for spending money
 * What are you spending money on
 * How much money you are spending in each category
 * Some details on your expenditures
 * for example, don't just say "entertainment," but rather list the events, places, and sights that you will be paying to see

=Fraudulent & Deceptive Marketing Practices= FTC's Scam Page Find a real life example of three of these fraudulent practices. Recreate the situation into a graphic novel using [] When you have completed your graphic novel story, print it as a pdf, then upload it to your wikispace page.
 * Bait & Switch
 * Referral Sales
 * Fake Sales
 * Lowballing
 * Pyramid Scheme
 * Pigeon Drop
 * Health/Medical Product Fraud
 * Exaggerated Infomercial

=Can You Get Something for Nothing?=

Your Mission: to write a lette (I mean a real letter printed off, placed in a real envelope, sent snail mail) to any company requesting something for free. (Tip: don't be a complainer, but be a complimenter.)

Good Luck, and enjoy your free stuff.