Informative Speech On Finance

Decent Essays
Specific Purpose: To persuade my audience to be more engage in financial dialogue and have more understanding of their finances. Central Ideas: Although finance is a world within its own it is still very important to know the most basic way to manage your money or even knowing how invest your money. 1. Suppose you had $100 in a savings account and the interest rate was 2 percent per year. After five years, how much do you think you would have in the account if you left the money to grow? A) more than $102; B) exactly $102; C) less than $102; D) do not know; refuse to answer.
2. Imagine that the interest rate on your savings account is 1 percent per year and inflation is 2 percent per year. After one year, would you be able to buy A)
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Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.” A) true; B) false; C) do not know; refuse to answer.
The correct answers are 1-A; 2-C; and 3-B. According to the Merriam Webster Dictionary finance is defined as “the system that includes the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities” This semester I am taking at least one of the most basic economics classes there is to take ,microeconomics, that gives a brief view of world of economics and finance.

Transition: Before we dive in on why it is important to know at least the most basic finance and economics topics let's first see what these topics are about.

I. Finance, finance can go from trying to save up money to how to spend it.
A. According to one of the most basic question people asked themselves is “how do I track my spending?”
1. One fundamental and easy way of doing just that is by writing down much you spend and what spend it on.
2. At the end of the monthly you have your own financial report and can calculate your
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