Bob's Money MAnagement skills

Bob's Money MAnagement skills

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Storyboard Text

  • This is Bob. Bob wants to start a chicken nugget business.
  • Bob has decided to put his income into savings. Income is the money you earn. Savings is the income you don't spend.
  • If Bob wants to earn even more money, he can get a bank loan. Bob has good credit so he can easily borrow a bank loan.
  • Good Credit is when you can borrow a bank loan with low interest. Bad Credit is when you can borrow a bank loan with high interest.
  • Next, Bob needs a budget. A budget is a limit on how much money you can spend. A budget will help Bob save money.
  • Finally, Bob has his business running. People like Bob's business so much, they invest in it. Investing is when you put money into a business or stock, and as it grows, you will get more money.
  • Over time, Bob's business grows a lot. Bob is happy that he could use his money management skills to start his chicken nugget business.
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