Free Essay

How to Save Money from Allowance

In: Social Issues

Submitted By savemoney
Words 1185
Pages 5
Writing an Outline | An outline is a “blueprint” or “plan” for your paper. It helps you to organize your thoughts and arguments. A good outline can make conducting research and then writing the paper very efficient. Your outline page must include your: * Paper Title * Thesis statement * Major points/arguments indicated by Roman numerals (i.e., I, II, III, IV, V, etc.) * Support for your major points, indicated by capital Arabic numerals (i.e., A, B, C, D, E, etc.) Roman numeral I should be your “Introduction”. In the introduction portion of your paper, you’ll want to tell your reader what your paper is about and then tell what your paper hopes to prove (your thesis). So an Introduction gives an overview of the topic and your thesis statement. The final Roman numeral should be your “Conclusion”. In the conclusion, you summarize what you have told your reader. Following are 3 sample outlines, from actual student papers. YOUR outline can be MORE detailed, or might be LESS detailed. Remember that a good outline makes writing easier and more efficient. Sample Outline #1 Title: Frederick Douglass Thesis: Frederick Douglass played a crucial role in securing the abolition of slavery and equality of African-American rights through his actions, ideas, and efforts as a lecturer, author/publisher, and politician. I. Introduction A. Thesis B. Roles/Arguments II. Douglass as Lecturer A. History as slave and acquisition of education 1) He “experienced slavery” 2) Literacy allowed expression B. Early lectures, including initial speech before Garrison 1) Success of initial speech 2) Goals for future speeches C. Effect of lectures on society 1) Open eyes 2) Encourage activism III. Douglass as Author/Publisher A. Narrative’s success and effect 1) Springboard for paper B. Goals/hopes for paper C. Garrison set-back and significance D. Significance of Paper IV. Douglass as Politician A. Key trait for success B. Goal of political activism C. Efforts for Republican party 1) Significance of efforts D. Black soldier enlistment crusade E. Joining of Republican party 1) Significance of efforts V. Conclusion A. Summarize arguments and efforts | Sample Outline #2 Title: The Federalist Papers’ Influence on the Ratification of the ConstitutionThesis: The Federalist Papers influenced the ratification of the Constitution by making some of their most important arguments, including the importance of being in a Union by having a Constitution, answering to the objections made by the Anti-federalists about separation of powers, and defending opposing arguments made against the characteristics of the executive and judicial branch as provided in the Constitution. I. Introduction a. Describe The Federalist Papers are and when they started b. Thesis: The Federalist influenced the ratification of the Constitution by making some of their most important arguments, including the importance of being in a Union by having a Constitution, answering to the objections made by the Anti-federalists about separation of powers, and defending opposing arguments made against the characteristics of the executive and judicial branch as provided in the Constitution. II. Background a. State when The Federalist was printed and published. b. Discuss the intentions and purposes of The Federalist. III. Argument for the benefit of a Union a. A Union would guard against external dangers b. A Union would guard against internal dangers A. The “extended sphere” argument about how it will control factions. (Federalist 10) IV. Argument of the problem with complete separation of powers a. Anti-federalists wanted a complete separation of the judicial, executive, and legislative branches b. The Federalist said the maxim of complete separation of powers is misunderstood. (Montesquieu) c. The branches need some limited power of the other branches to protect themselves from encroachment of the other branches (Federalist 51) A. The branches need to have the interests of maintaining their powers, and not letting the other branches take that away. V. Argument for a single executive, and against a plural executive a. Anti-federalists didn’t want a single executive, too much like a monarch b. The Federalist need the executive to be “energetic” and a plural executive would make this impossible (Federalist 70) A. It would take too long for the people in the executive position to make decision in an emergency, because they might disagree. B. In a plural executive, it is hard to tell who is responsible for a wrongdoing because they can all blame each other, so a single executive would lead to more responsible behavior VI. Argument in favor of judicial review and terms of good behavior for judges a. Anti-federalists didn’t like judicial review and the term of good behavior b. The Federalist argued that judicial review was necessary to protect the judicial branch from the Legislature. c. A term of good behavior was necessary to get qualified people for the positions; it would also give them time to develop knowledge. VII. Conclusion a. Thesis b. The dates of the ratification of the Constitution by the States c. The Federalist’s influence beyond the ratification |

Sample Outline #3 Title: Common Sense and Its Impact on American Political ThoughtThesis: Thomas Paine’s Common Sense articulated the anti-British sentiments of the Colonies in a way so unprecedented that it permanently changed the face of political thought in America. I. Intro: A. Thesis: Thomas Paine’s Common Sense articulated the anti-British sentiments of the Colonies in a way so unprecedented that it permanently changed the face of political thought in America. II. What did Common Sense say that was so different? A. It denounced both the monarchy and the English Constitution, which had previously been looked upon as a brilliant political document. Americans realized the inherent fallacies of hereditary government (specifically monarchy) as well as the English Constitution which protected the monarchy. B. It called for Americans to disconnect themselves from the flawed British system and create a new one for themselves. Common Sense questioned the long-standing belief that residents of the colonies were inseparably connected to England. It gave them a new identity – Americans rather then Britons. C. It also outlined the benefits of a republican government, which would go on to influence the ideas of the Founding Fathers as they created a new government for their new country. III. What was Common Sense’s immediate effect on the Colonies? A. The debate in the American Colonies shifted from that of reconciliation with England to that of independence. B. It was read by an unprecedented number of colonists and united a great majority of them behind independence. C. It inspired American intellectuals with its call for independence, leading to the composition of the Declaration of Independence a mere six months later. IV. What were Common Sense’s long term effects? A. It changed the connotation of the word “revolution” to something that looked to the future. “Revolution” became a word of innovation rather than renovation. B. It permanently cemented the idea of a republican, non-hereditary government into the heads of Americans. Common Sense’s design for a republican government, and its basic principles were carried on to the Constitution. V. Conclusion A. Common Sense’s eloquent, articulate, and unprecedented arguments led to a permanent change in American political thought. |

Similar Documents

Premium Essay

High School Students and Their Allowance Management

...Introduction: Money is involved in many things and situations around the world; every person had experienced, even once, to see and to hold money, so it’s indeed a big part of everyone’s life. It can be in the form of metal coin or piece of paper, but people value this thing to sustain their everyday needs like food, water, and clothes. One can’t just go to the market to buy foods if he/she doesn’t have money right? It can also provide things for people’s satisfaction like gadgets, appliances and accessories. There’s an idiom in which it stated that “money doesn’t grow on trees”, meaning a person should be careful of how much money he spends because there is only a limited amount. However, there are ways on how earn it. What are jobs for? Earning money involves having a job, that’s why people are using their skills in order to find a decent job that will give them high salary and support his and his family’s financial needs. People of young age, especially teenagers, are going to school, learning many things and preparing of having a job or profession in the near future. In order for this to work out, parents are supporting their financial needs; they are giving allowance to them whenever they are going to school. In this study, allowance is the main topic to be discussed; its definition, importance, purposes, problems associated with it and the ways on how to resolve it. 1.1 Background of the Study: Allowance, or ‘baon’ as what......

Words: 1626 - Pages: 7

Free Essay

Children and Allowance

...The Money! Mom! Can I have this? This is something my parents were constantly hearing from my sister and I before we started getting an allowance. Now the question here is whether or not children should get an allowance? In my opinion, I think children should get paid a weekly, or monthly allowance for doing chores around the house. Such as keeping their room’s clean, laundry, dishes and whatever else they are capable of doing. Sooner or later they will become adults and need to learn how to earn and spend their money in a wise way. An allowance is a way of teaching children responsibility, independence and most importantly money management. By giving your child an allowance, it will teach them responsibility. This is something every child needs to learn to be successful in life. If giving your child an allowance depends on whether or not they finish their chores, they will learn that skipping them doesn't pay. It will also teach them that the only way to get money is to earn it. Some kids need the motivation to get their work done. If the allowance is like a paycheck, then most kids would be more willing to take out the trash and complete whatever other chores they may be assigned. Having a good sense of responsibility will later help children, especially when they are in the process of getting a job. It would also help children realize, things won't be handed to them on a silver platter, which will help them be more motivated to get it for themselves. An allowance......

Words: 618 - Pages: 3

Free Essay

Personal Responsibility

...thought to finances, relationships, or a job. We would be feckless. This paper will touch on how personal responsibility should be taught to children, how it can be used toward college success, and how to apply it to the work environment. How personal responsibility should be taught to children First, personal responsibility is something that needs to be taught to children. Parents should give their children chores to have them pull their own weight. They should take out the trash every week, wash dishes, mow the lawn; do something of importance that helps out around the home. Children have wastes so they should empty the trash cans. They dirty the dishes with food, so they should wash them. They need to be taught to take of their home, so they need to mow or do some gardening. Of course, the little ones probably will not like it because it will take them out of their comfort zone, but it is all about teaching them values and character. Parents should do this so their children can learn personal responsibility and be prepared for when they get out on their own. Furthermore, personal responsibility can be taught to children by giving them allowances. It teaches them to save money and how to budget. As soon as a child is old enough to know that he or she needs money in exchange for things wanted, that is the time to start an allowance. With that, parents should discuss what the allowance will cover, consequences of wastefulness, and when to give to charity. Children need to......

Words: 1316 - Pages: 6

Premium Essay

Budgeting Strategies

...utilized in this research. Thematic Approach of Discussion Budget, Savings, etc., what are the definitions of these terms? According to an article entitled “Financial Literacy to Everyone” at www.practicalmoneyskills.com, budgeting is plan for your future income and expenditures that you can use as a guideline for spending and saving. Budget came from the old French word “bougette” which means purse. It is practically, a plan and list of all planned expenses and revenue. It is a plan for borrowing, saving, and spending. So why Budget? An average student spends his allowance for books, student housing, tuition fee, and food. These are all expenses encountered not only by students but, in general, most of the people in the world. There are generally three types of expenses usually faced by students, the Academic, Living, and Personal Expenditures or Costs. Academic Costs are usually what eats up the total budget of students. It contains the different expenses that are required in able to carry out a student’s academic life. It varies from tuition fees until the very miniscule expenses utilized for photocopying hand-outs from your professor. Living Costs, on the other hand, are expenses that a student need for day to day living however, indirectly related to academics. These include your expenses in utilities (e.g. electricity, water, and internet bills), personal care expenses (shampoo, soap, etc.), and clothing and food expenses. Lastly, Personal Costs are expenditures......

Words: 1203 - Pages: 5

Premium Essay

The Top 4 Tax Strategies to Save Your Business Money

...to reduce their tax liability. There are many different types of business structures and strategies for how a successful business should be run, but one thing is certain -- across the board -- everyone is looking for ways to save money! Here are four tax strategies that can help any small business or entrepreneur save money: 1. Use your startup costs as a deduction. Starting a new business can be really exciting, but it can also be time consuming and expensive. Fortunately, the IRS provides a tax break by allowing you to deduct up to $5,000 of your initial startup costs in your first year of business. This deduction allows you to reduce your taxable income, both for income tax and self-employment tax, which includes Social Security, and Medicare tax. Typical startup costs include things like purchasing equipment, supplies, and operational fees, but the rest of your startup costs should be depreciated over 15 years. 2. Use the special depreciation rules to take larger deductions. When you purchase large items for your business -- items you expect to use for more than a year -- you generally cannot deduct the entire cost in that year. Instead you must depreciate the items and take a portion of the cost on your tax return each year. To get around this and deduct a larger amount in the year of purchase, you can use the special depreciation allowance. This allowance lets you take 50 percent of the cost of the item as a deduction in the year of purchase. This rule......

Words: 632 - Pages: 3

Premium Essay

Net Present Value Computation Case Study

...between the present value cash outflows and that of cash inflows that would result from making a given investment. This investment could be an expansion or purchase of a new plant, purchase of new machinery and addition of assets. In order to accept or reject a proposed investment, its net present value (NPV) is taken into consideration (Jackson, Sawyers & Jenkins, 2013). When computed, NPV obtained is usually a positive value, zero or a negative value. Positive NPV is whereby the present value of cash...

Words: 1360 - Pages: 6

Premium Essay

Financial Mismanagement In College Students

...the budget, foolish commitment to get rich quick schemes, making high unwise investment decisions among others (Beal & Delpachitra, 2003).In 2002, a study was conducted in Florida, USA, targeting the youth ranging from elementary to college about their current money management practices and attitudes regarding personal finance. The study aimed at determining their behaviors in earning and accessing money, budgeting and spending, saving, banking and use of credit. On access and spending of money, the study revealed that a high percentage of college students received allowances from their parents. The study also revealed that as the youths sampled grew older, they were less likely to earn allowances from their parents. On spending behaviors, the college students were more likely to spend their money on food, school and doing things with friends “partying”. On who influences their spending, they cited themselves as the main cause of the influence. Only a small portion disclosed that they decided with their parents on how money should be spent. Further, the study revealed that budgeting increased with age while the consistency of planning declined inversely....

Words: 751 - Pages: 4

Free Essay

Housing Benifits

...introduced a special feature that lets you save it in Adobe Reader 8.1.2 and later. This means that you no longer have to complete the form in one session. This form will only work if you: • save it to your computer, then � • open it in Acrobat Reader version 8.1.2 or later. � The form will not work in: • older versions of Acrobat Reader • other pdf readers, for example Preview on a Mac or Foxit on a PC • your web browser window. If you are having technical difficulties: • downloading the form • Navigating around the form, or • printing the form Please contact the eService helpdesk. Phone: 0845 601 80 40 Minicom (textphone): 0845 601 80 39 Email: eservicehelpdesk@dwp.gsi.gov.uk Opening hours Monday to Friday: 08.00am - 09.00pm Weekend: 08.00am - 04.00pm Closed on all Public and Bank Holidays. For help and advice on the information you need to put on the form or about the benefit you want to claim, contact the office that deals with the benefit. Go back We would like your feedback about this PDF claim form We would like your feedback about this form. We will use any comments to improve future versions. Please email your comments to: forms.feedback@dwp.gsi.gov.uk HCTB1 notes 04/13 Housing Benefit Notes for filling in the claim form for Housing Benefit • • • • • • • • • About this form About Housing Benefit Local Housing Allowance Proof Filling in the form If you need help to fill in the form What to do next How your local council collects and uses......

Words: 9131 - Pages: 37

Premium Essay

Theory

...Old Age Allowance Programme of Bangladesh: Challenges and Lessons Sharifa Begum Senior Research Fellow Bangladesh Institute of Development Studies (BIDS) Background of the Old Age Allowance • As in other countries, Bangladesh too started experiencing population ageing; • According to UN Population Projection, share of older people by 2050 will reach around 20% and absolute number would become more than 40 million. • Government’s concern for older people until 1990’s was limited to public sector employees only who represent around 5% of the labour force and 1% of the older people. Background (contd.) • Following increase of older people and more than that following recent global concerns for these people, the Govt. of Bangladesh in recent years became sensitive about older people and felt to do something beyond moral preaching. • Consequently, the government introduced a Monthly Allowance Programme for older people in April 1998. In case of Bangladesh, the credit for the programme almost entirely goes to the Govt. Main Features of the Programme • • • • • • Means-tested programme Provides monthly allowance to poor elderly Benefit has no condition attached to it Financed from the country’s national budget Has countrywide coverage Accomplished substantial expansion since introduction; – beneficiaries increased from 0.4 to 2.75 million – Monthly allowance increased from BDT 100 to BDT 300; Main Features......

Words: 1381 - Pages: 6

Premium Essay

Bananas

...Atlas shrugged makes entrepreneur into the hero, but everything else looks at entrepreneurs as bad people. All entrepreneurs have struggled with school, ADD, bipolar (CEO disease, Ted turner, Steve jobs, 3 founders of netscape.) We see these signs in kids and give them ritalin, and tell them not to be an entrepreneurial type, but to fit into the system and become a student. Entrepreneurs aren't students, fast track and figure out the game. Entrepreneur: a person who organizes, operates and assumes the risk for a business venture. Value: Help them learn value in things others think are worthless Negotiation skills: Fraction of a cent, coat hangars Compromise: Can't get all 4 sold, sell 1 Buy Low, Sell High: Buy comic books from poor...

Words: 590 - Pages: 3

Free Essay

Gen 200

...Money Management Korey A. White GEN/200 November 17, 2010 Abstract Managing money by putting a certain percentage of your income in categorized accounts gives you a better understanding of where your money is going. There are three account types I have chosen for this paper. Financial Independence Account, which is for retirement. The Fun Account, which is used to reward myself for working. Then there is the Life Expenses account used for everyday life activities and needs. Upon reading this paper you will have a clear understanding of how these accounts play a role in helping me manage my money. Money Management Managing my money is my day-to-day problem. When I was in the military, I did not have to worry about money management, because I lived on base and ate for free. So the only bills I had were my car payment and my cell phone bill. Because of those being the only bills I had, I was able to go out and splurge and buy whatever I wanted. Now that I am no longer in the military that way of living has stuck with me even though I have more responsibility and less money. After doing some research on how I can start managing my money, I have found three main ways to help me with money management. They are Financial Independence Account, Fun Account, and a Life Expenses Account. Although it is possible to manage money effectively, managing money is difficult when I spend it as fast as I receive it. Developing a Financial Independence Account will......

Words: 747 - Pages: 3

Premium Essay

Responsible Youngster

...the years, receiving gifts turned into earning them. I recall my mother giving me a list of daily tasks and chores to complete throughout the week. If I completed each chore and kept my grades up in school I would earn an allowance. It didn’t take long for me to appreciate the value of money. When I was 12 I started saving my money in a purple shoe box that I kept under my bed. Each week I would ask my parents for additional chores so that I could make extra income. By the time I was 14 I decided to do something I loved while getting paid to do it; babysit. On my sixteenth birthday I had saved over $700 and my father took me to open a savings account at the local bank. I remember feeling accomplished and “grown”; not knowing that I would find out the true meaning of that word within a couple of months. As I entered the eleventh grade my uncle, who is two years younger than me, had a baby at fifteen. This caused a hardship on him because the mother of the child signed away her maternal rights and gave him full custody of the baby. No one in my family was willing to help him support his newborn child. This behavior could be described as cognitive psychology. Cognitive psychology is the branch of psychology that studies mental processes including how people...

Words: 1025 - Pages: 5

Free Essay

Introductory Personal Finance

...Task 1 Nowadays, adolescents rashly spend most of their money away without any financial planning. Over 90% of the adolescent’s parents are concerned about their children’s financial problems such as overspending and budget deficits.(1) According to the research of 00000, the adolescents’ knowledge of money management was decreased from 51% in 2007 to 35% in 2011.(8) I presume that budgeting can control income and expenses, therefore it would help the adolescents to achieve their financial goal. By having a good budget, adolescents can become aware of their financial situation and develop a spending plan to reach the financial goal in the future.(0) Hence, my topic is budgeting for the adolescents. Budgeting is a crucial financial tool, it is also a basis that can assist adolescents in reducing their financial problems.(2) Not only does budgeting help adolescents develop a spending plan and future goals, but it also leads them to acknowledge their income accurately, and develop advanced money management skills for their future planning.(2) 000000 research shows that high school students who had a personal financial education have higher rate of saving their income in comparison to students who didn’t undertake the program.(1) For most students, over 92%, acknowledged that having good money management can surely assist them in living a successful and financially stable life.(1) Task 2 In order to develop good budgeting, there are three factors to...

Words: 1181 - Pages: 5

Premium Essay

Flat Tax

...Flat Tax Rate Memo To: From: Date: Re: Benefits/burdens of implementing a “Flat Tax” From the U.S. Federal Government to each individual taxpayer in America, everyone cares about how tax is being paid. In this memo, we will discuss the benefits and the burdens of implementing a “flat tax”. The current U.S. tax system is complex. IRS has six federal income tax brackets ranging from 10 to 35 percent. This progressive tax system punishes the most productive members of society with a higher tax rate. Some scholars, such as Dan Mitchell, argue that, “From an economic perspective, the flat tax and the national sales tax (or fair tax) are virtually identical. Both would junk the current system. Both would restore fairness by taxing at one low rate. Both would eliminate all forms of double taxation.” A flat tax is a single rate that spans all income brackets of taxpayers, rather than the current “progressive” system, which taxes higher-income individuals at increased rates and includes numerous deductions and exemptions. From the article Ramifications of a Flat Tax—Shifting the Burden to the Middle Class, the author states that, because many taxpayers believe the current tax system is not good enough, it needs to be changed. Therefore, the article introduces two flat tax systems to replace the current tax system, one is the Forbes’ Plan and another one is the Hall and Rabushka Plan. The models of these two plans are as follow: 1. Forbes Simulation Model Tax...

Words: 1417 - Pages: 6

Premium Essay

Personal Financial Palnning

...| 107 | 108 | | Cash flows | 0 | 1400 | 1400 | …… | 1400 | 1400 | 1400 | 2100 | 2100 | 2100 | …… | 2100 | 2100 | 2100 | | Month 48 – 72: n=24, r=0.5%, C=1400, PV=0 FV1=$1400*[(1+0.005)^24-1]/0.005=$35,604.74 Month 73 – 108: n=36, r=0.5% FV1’=$35,604.74*(1+0.005)^36=$42,607.50 C=2100, PV=0 FV2=$2100*[(1+0.005)^36-1]/0.005=$82,605.82 At the end of month 108: FV=FV1’+FV2 =$42,607.50+$82,605.82 =$125,213.32 A3 Based on the calculation in A2, Matilda will get approximately $13,767.64 and will not meet her first goal of saving $18000 when she graduates. To achieve her first objective, Matilda needs to make a payment of $457.59 per month (PV=0, FV=$18000, r=0.5%, n=36). Budgetary measures to help Matilda to save: 1) Make more money * Look for jobs with higher wage....

Words: 1289 - Pages: 6