Personal Finance Lesson Plans Personal Finance 2010

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Personal Finance Lesson Plans Personal Finance 2010 Powered By Docstoc
					                      Personal Finance 2010-2011
       Text Book Web Site http://glencoe.mcgraw-hill.com/sites/0078687128/
                                       Course Outline
                                       State Standards
                Personal Finance Objectives and Chapter Summaries

Unit 4 Protecting Your Finances
Chapter 12 Planning Your Tax Strategy
Chapter 13 Home and Motor Vehicle Insurance
Chapter 14 Health, Disability, and Life Insurance
Chapter 15 retirement and Estate Planning

May 9-20
Make up work and review

Semester Test May 20th

May 2-6
Chapter 14 Health, Disability, and Life Insurance
Chapter 15 retirement and Estate Planning
                                  th
Complete Unit 4, test Friday May 6 .

April 24-29
Continue Chapter 12 Planning Your Tax Strategy
Chapter 13 Home and Motor Vehicle Insurance
   1. Describe different types of insurance and how insurance companies determine
       premiums
   2. List factors that affect vehicle and home insurance
   3. Identify terms related to taxes
   4. Identify types of risks and risk management methods.
   5. Explain how an insurance program can help manage risks.
   6. Describe the importance of property and liability insurance.
   7. Identify the types of insurance coverage and policies available to homeowners and
       renters.
   8. Identify the important types of motor vehicle insurance coverage.
April 18-21
Chapter 12 Planning Your Tax Strategy
   1. Identify taxable income
   2. Explain deductions and tax credits
   3. Explain the w-4 and w-2 forms
   4. Describe the types of federal income tax forms
   5. Understand how to file taxes online
   6. Explain different types of taxes
   7. Identify terms related to taxes



Unit 3 Investing Your Financial Resources – put your financial plans into action through
investing. Increasing your resources is an important part of achieving your personal
financial goals. The next few chapters will discuss the fundamental aspects of investing
in stocks, bonds, mutual funds, real estate, and other items.
Chapter 8 The Fundamentals of Investing
Chapter 9 Stocks
Chapter 10 Bonds and Mutual Funds
Chapter 11 Real Estate and Other Investment Alternatives
Objectives:
    1. Summarize investing basics and various types of short-term investments.
    2. Summarize various types of stock and bond investments.
    3. Summarize other types of investments.
    4. Analyze factors that affect the rate of return on a given savings or investment plan
        and calculate the rate of return.
    5. Analyze how saving and investing influences economic growth.
    6. Describe wills and other legal documents
    7. Explain how agencies regulate financial markets and protect investors.
 State Standards
 10.29 Define various types of income derived from investments
 10.37 Describe the advantages and disadvantages of different saving and investing
 plans
 10.38 Analyze the factors that affect the rate of return on a given savings or investment
 plan (e.g., risk, current interest rate, liquidity)
 10.39 Explain why a savings and investing plan changes as one proceeds through the
 life cycle
 10.40 Differentiate between interest, dividends, capital gains, and rent from property
 10.41 Describe how saving and investing influences economic growth (capital formation
April 11-15
Tuesday review Unit 3
Thursday Unit 3 Test
April 4-8
Monday
Chapter 10: Bonds and Mutual Funds
Chapter Objectives
Section 10.1
       Describe the characteristics of corporate bonds.
       Identify the reasons corporations sell bonds.
       Explain why investors buy corporate bonds.
       Discuss the reasons governments issue bonds.
       Identify the types of government bonds.
Section 10.2
       Identify sources of information for selecting bond investments.
Section 10.3
       Identify types of mutual funds.
Section 10.4
       Discuss sources of information for selecting mutual funds.
       Describe the methods of buying and selling mutual funds.

Wednesday 5th block make-up work, 1st Dakota Step Testing

Friday Chapter 11 Real Estate and Other Investment Alternatives
Chapter 11: Real Estate and Other Investments
Chapter Objectives
Section 11.1
     Explain the different types of real estate investments.
     Discuss the advantages and disadvantages of real estate investments.
Section 11.2
     Identify the different types of precious meal and gem investments.
     Describe collectibles investments.
       Analyze the risks of investing in precious metals, gems, and collectibles.
March 28 – April 1
Chapter 9 Stocks
Chapter Objectives
Section 9.1
       Explain why corporations issue stock.
       Explain how investors earn money from purchasing stock.
Section 9.2
       Identify the types of stock investments.
       Identify sources of information to evaluate stock investments.
       Use numeric measures to evaluate a companies stock.
       Discuss the factors that affect stock prices.
Section 9.3
       Describe how stocks are bought and sold.
       Use the internet to evaluate, buy and sell stock.
Explain the trading strategies used by long-term investors and short-term investors.
Week 12 March 21-25
Chapter 8: Saving and Investing
Chapter Objectives
Section 8.1
    Explain how to establish goals for a savings or investment program.
    Discuss ways to obtain funds for investing.
    Identify the factors that affect your investment choices.
Section 8.2
    Identify the main types of savings and investment alternatives.
    Explain the steps involved in developing a personal investment plan.
Section 8.3
    Describe your role in a personal investment plan.
    Identify sources of financial information.
Week 11 March 14-16
Video – Confessions of a Shopaholic
Week 10 March 7-11
Chapter 7 The Finance of Housing
Chapter Objectives
Section 7.2
     Assess the advantages and disadvantages of renting.
     Identify the costs of renting.
Section 7.3
     Identify the advantages and disadvantages of owning a residence.
     Explain how to evaluate a property.
     Discuss the financing involved in purchasing a home.
Unit 2 Test
Week 9 February 28 – March 4
Chapter 5 Quiz
Chapter 6: Consumer Credit
Consumer Credit w/s
Chapter Objectives
Section 6.1
    Explain the meaning of consumer credit.
    Differentiate between closed-end credit and open-end credit.
Section 6.2
    Name the five C’s of credit.
    Identify factors to consider when choosing a loan or credit card.
    Explain how to build and protect your credit rating. .
Section 6.3
    Discuss how to protect yourself from fraud and identity theft.
Section 6.4
    Identify ways to manage debt problems.
Week 8 February 22-25
Chapter 5 Banking
Objectives
Section 5.1
        Identify types of financial services.
        Describe the various types of financial institutions.
Section 5.2
        Compare the costs and benefits of different savings plans.
        Explain features of different savings plans.
        Compare the costs and benefits of different types of checking accounts.
        Explain how to use a checking account effectively.
Week 7 February 14-15
Virtual Personal Finance Computer Application – Finding a Job

Week 6 February 7-11
Guest Speaker Mr. Glen Krueger – The Price of Independence a budgeting activity
Unit 1 Test February 9
Virtual Personal Finance Computer Application – Time Management

Week 5 January 31 February 4
Review Unit 1 Notes
Vocabulary Review Jeopardy 1

Week 4 January 24-28
Chapter 3 Study Guide
Chapter 4: Consumer Purchasing and Protection
Chapter Objectives
Section 4.1
    Determine the factors that influence buying decisions.
    Explain a research-based approach to buying goods and services.
    Identify strategies for making wise buying decisions.
Section 4.2
    Identify ways to solve consumer problems.
    Describe the legal alternatives for consumers.
Week 3 January 18-21
Chapter 3: Money Management Strategy
Chapter Objectives
Section 3.1
       Discuss the relationship between opportunity costs and money management.
       Explain the benefits of keeping financial records and documents.
       Describe a system to maintain personal financial documents.
Section 3.2
       Describe and develop a personal balance sheet and cash flow statement.
Section 3.3
       Identify the steps of creating a personal budget.
        Discuss the advantage of increasing your savings

Week 2 January 10-14
Review chapter 1 w/s
Chapter 2: Finances and Career Planning Objectives
Section 2.1
    Identify the personal issues to consider when choosing and planning your
       career.
       Explain how education and training affect career advancement.
       Discuss the factors that influence employment.
Section 2.2
       Describe effective strategies to obtain employment.
       Identify sources of career opportunities.
       Identify the financial and legal issues to consider when looking for employment
Reading – Pros and Cons of Working at Home

Week 1 January 3-7
        Read and discuss 11 keys to success
        Introduction, objectives and notes
        Chapter 1 Personal Financial Planning Objectives
        Section 1.1
             Define personal financial planning.
             Name the six steps of financial planning.
             Identify factors that affect personal financial decisions.
        Section 1.2
             Explain opportunity costs associated with personal financial decisions.
             Identify eight strategies for achieving financial goals at different stages of
                life.
Writing Assignments
    1. Why is personal finance important?
    2. Where will you be in 5, 10, 20 years?
    3. List 10 things in priority order you want to have in the next 20 years. Example car,
        house, education etc.

“Get A Financial Life Video”
Vocabulary Quiz Friday
Chapter 1 w/s - Understand the cost of a loan and the benefits of compound interest and
starting a savings plan early in life.
Week 19 December 20-22
Semester Test December 20

Week 18 December 13-17
Chapter 14: Health, Disability, and Life Insurance & Chapter 15: Retirement and Estate
Planning w/s
Semester Review

Week 17 December 6-10
Chapter 12: Planning Your Tax Strategy
Chapter Objectives
Section 12.1
    Discuss the importance of tax planning.
    Identify your taxable income.
    Explain deductions and tax credits.
    Complete the W-4 form.
Section 12.2
    Complete 10-40EZ and describe other types of federal income tax forms.
JA Unit 7 – What career options are you best suited for?
Chapter 13: Home and Motor Vehicle Insurance
Chapter Objectives
Section 13.1
    Identify types of risks and risk management methods.
    Explain how an insurance program can help manage risks.
    Describe the importance of property and liability insurance.
Section 13.2
    Identify the types of insurance coverage and policies available to homeowners and
       renters.
    Analyze the factors that influence the amount of coverage and cost of home
       insurance.
Section 13.3
    Identify the important types of motor vehicle insurance coverage.
    Explain factors that affect the cost of motor vehicle insurance.
Week 16 November 29 – December 3
Chapter 11: Real Estate and Other Investments
Chapter Objectives
Section 11.1
    Explain the different types of real estate investments.
    Discuss the advantages and disadvantages of real estate investments.
Section 11.2
    Identify the different types of precious meal and gem investments.
    Describe collectibles investments.
    Analyze the risks of investing in precious metals, gems, and collectibles.
Week 15 November 22-23
Chapter 10: Bonds and Mutual Funds Test
Week 14 November 15-19
Unit Five: The Visit
JA Finance Park computer simulation – students apply classroom learning to
making financial decisions based on their assigned salaries and life situations. They
calculate spending plans and evaluate investment holdings.
Key Learning Objectives – Students will be able to:
     Create a typical family budget using hypothetical life situations.
     Use percentages to calculate minimum and maximum spending allowances.
     Evaluate stock holdings

Week 13 November 8-12
Chapter 10: Bonds and Mutual Funds
Chapter Objectives
Section 10.1
       Describe the characteristics of corporate bonds.
       Identify the reasons corporations sell bonds.
       Explain why investors buy corporate bonds.
       Discuss the reasons governments issue bonds.
       Identify the types of government bonds.
Section 10.2
       Identify sources of information for selecting bond investments.
Section 10.3
       Identify types of mutual funds.
Section 10.4
       Discuss sources of information for selecting mutual funds.
       Describe the methods of buying and selling mutual funds.
JA Volunteer
Unit Four: Preparing for the Visit
Based on a life situation assigned to each student, they will create budgets for their
salaries, evaluate investments, and conduct price research for purchases.
Key Learning Objectives – Students will be able to:
     Create a personal budget.
    Calculate net monthly income.
    Conduct pricing research.
    Assesses investments.
JA Pretest
Week 12 November 1-5
Monday
Chapter 8 and 9 test
Students will be able to;
    List the risks and benefits involved in saving and investing.
    Identify the impact interest rates have on investment value.
    Read stock quotes and determine stock value.
    Use financial web sites to locate and analyze numeric data.
Complete Excel Spreadsheet – stocks and numeric measures.
JA workbook pages 34-36 Unit 1 test page 39
Wednesday
JA Unit Two: Taxes and My Salary
Students are introduced to different kinds of taxes. They will identify salaries and
benefits and see how deductions are made from an employee’s paycheck.
Key Learning Objectives – Students will be able to:
    Define the differences among sales, income, and property taxes, and the
       purpose for each type of tax.
    Identify the basic principles of Social Security.
    Define net monthly income and demonstrate how it is calculated.
JA Workbook page 44-61
Friday
Continue JA Unit 2



Unit 3 Investing Your Financial Resources – put your financial plans into action through
investing. Increasing your resources is an important part of achieving your personal
financial goals. The next few chapters will discuss the fundamental aspects of investing
in stocks, bonds, mutual funds, real estate, and other items.
Chapter 8 The Fundamentals of Investing
Chapter 9 Stocks
Objectives:
     8. Summarize investing basics and various types of short-term investments.
     9. Summarize various types of stock and bond investments.
     10. Summarize other types of investments.
     11. Analyze factors that affect the rate of return on a given savings or investment plan
         and calculate the rate of return.
     12. Analyze how saving and investing influences economic growth.
  State Standards
  10.29 Define various types of income derived from investments
  10.37 Describe the advantages and disadvantages of different saving and investing
  plans
  10.38 Analyze the factors that affect the rate of return on a given savings or investment
  plan (e.g., risk, current interest rate, liquidity)
  10.39 Explain why a savings and investing plan changes as one proceeds through the
  life cycle
  10.40 Differentiate between interest, dividends, capital gains, and rent from property
Week 11 October 25-29
Chapter 9 Stocks
Chapter Objectives
Section 9.1
       Explain why corporations issue stock.
       Explain how investors earn money from purchasing stock.
Section 9.2
       Identify the types of stock investments.
       Identify sources of information to evaluate stock investments.
       Use numeric measures to evaluate a companies stock.
       Discuss the factors that affect stock prices.
Section 9.3
       Describe how stocks are bought and sold.
       Use the internet to evaluate, buy and sell stock.
       Explain the trading strategies used by long-term investors and short-term investors.
JA workbook pages 34-36 Unit 1 test page 39
Reading – Stock Pick Tools
Journal – Technical stock selection
Chapter 8 and 9 test Monday November 1
Week 10 October 18-22
Buying vs. Renting Video, Amortization schedule for a mortgage, loan calculators
http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx
Private Mortgage Insurance http://michaelbluejay.com/house/pmi.html
Writing – Students will write at least one paragraph explaining their reasons for
purchasing the stocks they selected at UpDown.com
Reading – current event
Chapter 8 Saving and Investing – Lecture and Study Guide
JA Workbook – Planning Your Future, Time is on Your Side, Time Means Money,
Investment Options, Interest Rates and Investments, Understanding Risk and
Rewards of Investing, Watch Your Money Grow.
P4.1 Students will be able to compare and contrast the risk, return, and liquidity of
saving and investment options
P4.2 Students will be able to apply criteria for choosing savings and investment options.
                                 st
Week 9 October 13-15 End of 1 Quarter
Chapter 7 review and test
http://www.updown.com Investing 101 – Students will learn how to trade stocks
online. Students will sign up for a free account and have 1 million dollars to
invest in stocks.
Evaluate savings and investment options to meet short- and long-term goals.
Week 8 October 4 – 8
Monday
JA Unit One: Financial Institutions
Students understand the role of financial institutions and their services by learning
about credit, interest, debit cards, saving, investing, and stock. They will identify the
advantages and disadvantages of saving, investing, and using credit.
JA Lessons 3-6
Key Learning Objectives – Students will be able to:
    Identify services provided by financial institutions and understand when/how
       the services are used.
    Explain debit cards and their uses.
    Define interest and credit.
    Understand the cost of credit.
    Explain the advantages and disadvantages of using credit.
Wednesday
Chapter 6 test
Chapter 7 The Finance of Housing
Chapter Objectives
Section 7.1
     Evaluate various housing alternatives.
Friday
Review Chapter 6 test
Chapter 7 The Finance of Housing
Chapter Objectives
Section 7.2
     Assess the advantages and disadvantages of renting.
     Identify the costs of renting.
Section 7.3
     Identify the advantages and disadvantages of owning a residence.
     Explain how to evaluate a property.
     Discuss the financing involved in purchasing a home.
Chapter 7 Quiz Thursday October 14


Week 7 September 27 – October 1
Chapter 6: Consumer Credit
Chapter Objectives
Section 6.1
    Explain the meaning of consumer credit.
    Differentiate between closed-end credit and open-end credit.
Section 6.2
    Name the five C’s of credit.
    Identify factors to consider when choosing a loan or credit card.
    Explain how to build and protect your credit rating. .
Section 6.3
    Discuss how to protect yourself from fraud and identity theft.
Section 6.4
    Identify ways to manage debt problems.
Week 6 September 20-24
Chapter 5 Banking
Objectives
Section 5.1
        Identify types of financial services.
        Describe the various types of financial institutions.
Section 5.2
        Compare the costs and benefits of different savings plans.
        Explain features of different savings plans.
        Compare the costs and benefits of different types of checking accounts.
        Explain how to use a checking account effectively.
Chapter review questions and w/s
Introduce and Preview Chapter 6 Consumer Credit

Week 5 September 13-17 Midterm September 15th
Chapter 4 Consumer Purchasing Strategies and Legal Protection
       13.20 Recognize that the first source of complaint about a faulty product is the
business from which it was purchased
       13.21 Make effective oral and written complaints about product claims, misleading
       advertising, or faulty products to the appropriate source of redress
        13.22 Differentiate among the various types of consumer fraud and explain steps
that can be taken by victims to gain redress
        13.23 Distinguish between fraudulent, misleading, and legitimate product claims,
        and explain what to do if such claims lead to the purchase of a faulty product
        13.24 Using the various resources available for resolving consumer complaints,
        including consumer legislation and legal action, develop action steps that can be
        taken at each level from local through national organizations

Assignments: Chapter 4 w/s
Journal – What I learned …..
13.24 Discuss and Understand resource – South Dakota Attorney General
http://www.state.sd.us/attorney/
Consumer protection, scams, free credit reports, identity theft, privacy rights,
consumer complaints, consumer handbook
Week 4 September 7-10
JA Finance Park
Budgeting Objectives
     Explain who uses a budget and why.
     Identify the components of a successful budget.
     Evaluate the effectiveness of sample budgets.
     Develop spending plans.
     Practice budget decision-making.
     Work as part of a team

Chapter 3 Quiz Wednesday
Debt Stress Video
JA Finance Park Unit 3 test Thursday
Money Management workshop – Lora Mertes, Community Relations Coordinator, Colorado
Technical University
Week 3 August 30 – September 3
Chapter 2 Test
5 high paying jobs
http://encarta.degreesandtraining.com/articles.jsp?article=featured_5_high_paying_college_majo
rs&gt1=27001
Chapter 3: Money Management Strategy
Chapter Objectives
Section 3.1
       Discuss the relationship between opportunity costs and money management.
       Explain the benefits of keeping financial records and documents.
       Describe a system to maintain personal financial documents.
Section 3.2
       Describe a personal balance sheet and cash flow statement.
       Develop a personal balance sheet and cash flow statement.
Section 3.3
       Identify the steps of creating a personal budget.
       Discuss the advantage of increasing your savings
JA Finance Park
Budgeting Objectives
    Explain who uses a budget and why.
    Identify the components of a successful budget.
    Evaluate the effectiveness of sample budgets.
    Develop spending plans.
   Practice budget decision-making.
   Work as part of a team.
Week 2 August 23-27
Review and Chapter 1 Test Tuesday 8/24
Week 1 August 17-20



Key Learning Objectives – Students will be able to:
    Identify services provided by financial institutions and understand when/how
      the services are used.
    Explain debit cards and their uses.
    Define interest and credit.
    Understand the cost of credit.
    Explain the advantages and disadvantages of using credit.
    List the risks and benefits involved in saving and investing.
    Identify the impact interest rates have on investment value.
    Read stock quotes and determine stock value.
Retirement calculator http://www.bloomberg.com/personal-
finance/calculators/retirement/


State Standards
P2.1 Students will be able to explain the importance of taking responsibility for
personal financial decisions.
P1.1 Students will be able to analyze how career choices, education, skills, and
economic conditions affect income.
P2.3 Students will be able to design a plan for managing finances.
P2.4 Students will be able to organize personal finance records.

				
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