PERSONAL FINANCE LESSON PLANS by patelvk801

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									Personal Finance Lesson Plan
State Standards
Virtual Business Personal Finance is an application for students to learn personal finance
and life skills that are centered on a visual computer simulation with related reading
assignments, and finance vocabulary.
Virtual Business State Standards
http://www.knowledgematters.com/downloads2/SDCorrelationVBPF.pdf
Unit 4 Protecting Your Finances provides basic information about ways to protect your
financial resources. The next four chapters will discuss the importance of taxes, for
personal financial planning; home and motor vehicle insurance; health, disability, and life
insurance; and retirement and estate planning.
State Standards
        10.48 Identify risks in life and how to gain protection against the consequences of
        risks
        10.49 Explain how all types of insurance are based on the concepts of risk sharing
        and statistical probability
        10.50 Identify the types of insurance associated with different types of risk
        10.51 Explain why insurance needs change throughout the life cycle
        10.52 Identify various suppliers of insurance (public and private)
        10.53 Given a particular level of financial resources, determine the level of
        insurance protection needed for various types of risk
        10.54 Explain taxes and give examples of how they are used
        10.58 Explain the impact of taxes on personal financial planning
        10.55 Identify the types of taxes that are major sources of revenue for government
        (e.g., income, wealth, and consumption taxes)
        10.56 Calculate personal tax liabilities for various types of taxes, such as property,
        income, sales, and FICA taxes
        10.57 Describe the purposes of taxation (e.g., provision of public services,
        redistribution of income, and attainment of public economic goals)
        10.59 Develop spending and investing plans that maximize financial returns given
        present personal income tax policy
        12.3 Explain the role of government taxation and its effect on consumers and
        producers
        12.5 Explain how government's redistribution of income through taxation,
        spending, and assistance
Chapter 12 Planning Your Tax Strategy
Chapter 13 Home and Vehicle Insurance
Chapter 14 Health, Disability, and Life Insurance
May 10-21
5/10 Monday
Chapter 14 Health, Disability, and Life Insurance
Section 14.1 Health Insurance and Financial Planning
     Explain the importance of health insurance
     Analyze the cost and benefits of various types of health insurance
     Assess trade-offs of different health insurance policies
     Understand key terms – health insurance, coinsurance, stop-loss, co-payment
Assignment page 453
Section 14.2 Private Health Care Plans and Government Health Care Programs
     Evaluate the differences among health care plans offered by private companies
        and by the government
     Understand key terms – Blue Cross, Blue Shield, managed care, HMO, PPO, point-
        of service plan, Medicare, Medicaid
Assignment page 460
Review 12-14
5/12 Wednesday
Chapter 12-14 test
5/14 Friday
Review
5/18 Tuesday
Review
5/20 Thursday Final Test

May 3-7
Tuesday
Chapter 13 w/s packet
Thursday
Chapter 13 notes
Chapter 13 w/s packet
April 26-30
Monday
Mutual Fund video
Computer Lesson 15 – Diversification
   1. Know the importance of diversification
   2. Identify large-cap and small-cap stocks
   3. Address whether to consult a financial planner
   4. Research investments online and with financial publications
Assignment Read chapter 12, questions page 388 2, 3, page 400 1-3, page 405 1-3, page
406 1-6
Wednesday
Section 12.1 Tax planning, taxable income, deductions, tax credits, W-4, W-2, key terms
Section 12.2 Preparing an income tax return, 1040EZ, online tax return
Section 12.3 Tax Assistance and strategies, tax assistance, tax audits

Friday
Section 13.1 insurance and Risk Management, what is insurance, types of risks, risk
management, property and liability insurance
Section 13.2 Home and Property Insurance, homeowners, renters.
Section 13.3 Motor Vehicle Insurance, bodily injury, property damage, no-fault, costs

Friday
Continue Unit 4



April 19-23
Tuesday
Complete Stock and Mutual Fund activity
Video “Profit and Pitfalls Mutual Funds”
Thursday
Review Stock/Mutual Fund Research
Discuss and demonstrate how to buy stocks/mutual funds
   1. Brokerage Firm
   2. Online
   3. DRIP – direct from company
Video “Ups and Downs of Stocks”
April 12-16
Monday
Chapter 9 Stocks
   1. Understand Common and Preferred Stock
   2. Classification of stocks and how to evaluate a stock
   3. Factors that influence the price of a stock
   4. Buying and selling stocks
Computer lesson 14 Risk vs. Return
         What is risk, how risk related to return, stock basics, DRIP, bond basics, spreading
         risk.
Wednesday
How to invest http://www.fool.com/how-to-invest/thirteen-steps/index.aspx
Numeric measures of a stock
Stock and Mutual Fund Investment activity
Friday
Stock and Mutual Fund activity
April 5-9
Tuesday
Chapter 8 w/s
Computer lesson 13 Intro to Investing
         Set goals, understand risk, involved indifferent investments, calculate rate of
         return, find the expenses in a mutual fund prospectus, avoid scams and get rich
         schemes.
Thursday
 st
1 block Dakota Step Test
 th
5 Assembly
Mar 29 April 2
Monday
Review Excel spreadsheet assignment down payment, PMI, P & I, Property tax and
insurance, Escrow Account and total interest paid.
http://finance.yahoo.com/
http://loan.yahoo.com/m/e10.html
Computer Exercises
    1. Finding an Apartment – the goal is to find the lowest-priced cost apartment that
         will allow you to get to your classes, job and back home on time.
              A. Determine the most you are able to spend on an apartment
              B. Chose wisely between different apartment options
              C. Understand and sign a lease
              D. Choose an insurance policy that meets our needs as a renter
    2. Buying a Home – the goal is to buy the nicest condo you can afford.
              A. Know where to find information on homes that are for sale in your area.
              B. Compare different home options including location, size, cost, and
                  amenities
              C. Choose a home suited to your needs and budget
              D. Make a wise decision about the type of mortgage you can afford
              E. Understand the different costs associated with purchasing a home
              F. Calculate the equity you have in your home
Wednesday
Unit 3 Investing Financial Resources
Chapter 8 Saving and Investing
              1. Establish goals, sources of money to invest, risk/return, investment for
                  income, growth, and liquidity.
              2. Types of investment – stock, bonds, mutual funds, real estate.
              3. Understand diversification and developing a plan.
              4. Understand reducing risk and sources of information.
              5. Selecting a financial planner and managing investments.
Chapter 8 w/s
Computer lesson 13 Intro to Investing
         Set goals, understand risk, involved indifferent investments, calculate rate of
         return, find the expenses in a mutual fund prospectus, avoid scams and get rich
         schemes.
Mar 22-26
Tuesday
Chapter 7 The Finances of Housing
7.1 Housing Alternatives – lifestyle and choice of housing, opportunity costs of choices,
renting versus buying,
7.2 Rending a residence – Selecting a rental unit, advantages and disadvantages of
renting, the cost of renting.
7.3 Buying and selling a home – Determine your needs, find and evaluate property, price
the property, obtain financing, types of mortgage, closing, selling a home.
Assignment – page 228 1-7
Chapter 7 Notes
Thursday
Chapter 7 quiz
Calculating mortgages costs
Using Excel calculate down payment, PMI, P & I, Property tax and insurance, Escrow
Account and total interest paid.
Mar 15-18
Tuesday
Review Chapter 6 test
Video “Confessions of a Shopaholic”
Thursday
Complete Video

Chapter 6 Consumer Credit
     10.15 Explain credit and why it is used
     10.16 Define interest and explain why it is charged
     10.18 Identify sources of credit and the types of credit they offer
     10.19 Select an appropriate form of credit for a particular buying decision
     10.20 Determine advantages and disadvantages of credit
     10.21 Explain credit ratings and describe why they are important to consumers in
        our economic system
     10.22 Compare and contrast the legal aspects of different forms of credit (e.g.,
        credit cards, installment loans, mortgages)
     10.23 Compare and contrast the legal aspects of different sources of credit (e.g.,
        pawnshops, revolving charge accounts, banks, credit bureaus)
     10.24 Calculate the true cost of credit for various credit uses (e.g., continuously
        making minimum credit card payments, total mortgage interest)
Mar 8-11
Tuesday
Chapter 6 Review
            1. Types of Loans – Installment, payday, mortgage, home equity, sub prime
                mortgage, title, cash advance, adjustable rate mortgage, overdraft
                protection, line of credit, cash advance.
            2. New Credit Card Laws, 20/10 rule and debt to income ratio, Sources of
                credit, Advantages and Disadvantages of using credit, Choosing a credit
                card, 5 C’s of Credit
Thursday
Chapter 6 Test
Taking Control of Your Credit video
Mar 1-5
Monday
Review Chapter 5 test
Chapter 6 Consumer Credit
Section 6-1 What is Consumer Credit
Continue PBS video “Secret History of the Credit Card”
http://www.pbs.org/wgbh/pages/frontline/shows/credit/ and w/s
Wednesday
Section 6-2 The Costs and Methods of Obtaining Credit
Friday
Section 6-3 Protecting Your Credit
Section 6-4 Managing Your Debts
Chapter 4 Review and Research & Report on Credit Card Laws
Discuss
    3. MSN Money http://moneycentral.msn.com/home.asp
    4.      Credit score range http://articles.moneycentral.msn.com/Banking/your-
            credit-score.aspx
    5.      Loans http://articles.moneycentral.msn.com/Banking/Loan/Mortgage.aspx
Mortgage, ARM, Home Equity, Auto, Personal, https://www.wellsfargo.com/
    6. Free credit report https://www.annualcreditreport.com/cra/index.jsp



Feb 22-26
Tuesday
Complete and Review Chapter 5 and Lesson 7
Video “Getting Banked”
Chapter 5 notes
Thursday
Chapter 5 Quiz
PBS video “Secret History of the Credit Card”
http://www.pbs.org/wgbh/pages/frontline/shows/credit/ and w/s
Feb 16-19
Wednesday
Unit 2 Banking and Credit - Describes a wide range of services that can help you plan,
manage, and save in order to achieve your financial goals. Chapter 5-7 will discuss the
selection and use of financial services, the role of credit in your buying decisions, and the
finances of housing.
Chapter 5 Banking
    10.42 List the basic services provided by banks
    10.43 Identify services that financial institutions provide to customers
    10.44 Perform the steps involved in opening and using a checking account
    10.45 Reconcile a bank statement
    10.46 Describe the functions of the banking system in the U.S. economy
    10.47 Explain the role of the central bank (Federal Reserve System) in the banking system of the
United States
Assignment – questions 1-5 page 131, 1-4 page 147, w/s
Friday
Review assignment, notes, w/s, and bank reconciliation.
Computer Lesson 7 – Choosing and Balancing a Checking Account
Feb. 8-12
Chapter 4 Consumer Purchasing Strategies and Legal Protection
Chapter 4 Review Questions
Chapter 4 terms review
Monday
Video “Get a Financial Life” – Spend less than you earn!
Section 4.1
State Standards Addressed
         10.1 Understand comparison shop for purchases
         10.5 Identify goods and services and distinguish between the two
         10.6 Identify personal wants and needs for goods and services
         10.7 Collect information about products that meet specific needs and wants
         10.8 Determine personal resources for meeting needs and wants
         10.9 Evaluate available buying options given personal financial resources
         10.10 Identify the steps in a rational decision-making process as part of a buying decision
         10.11 Apply a rational decision-making process to making personal buying decisions
         10.12 Use published consumer resources to collect information for making buying decisions
         10.13 Given a buying decision involving significant financial resources, use a rational
         decision making process to make effective buying decisions
Wednesday
Section 4.2
State Standards Addressed
         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
Document Detective, Language Arts p. 112, Connect with Social Studies p. 113
Chapter summary - http://glencoe.mcgraw-
hill.com/sites/0078698006/student_view0/unit1/chapter4/chapter_summaries.html
http://www.glencoe.com/sites/common_assets/businessadmin/podcasts/business_person
alfinance/iquizzes/pdfs/BPF_Chapter_4___summary__final_.pdf
Review p. 112
Friday
Chapter 4 Test
Video “Fraud and Inside Look” http://consumer.gov/ncpw/business-opportunity-scam-
artist/
     1. The Power of Money
     2. High Pressure Sales – what to do?
Scam Watch http://consumer.gov/ncpw/everyone/scam-watch/
Dollar Stretcher http://www.stretcher.com/index.cfm
PF site http://www.bargaineering.com/articles/
http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/10-things-gas-
stations-wont-tell-you.aspx
Lesson 6 PFVB – Shopping
Feb. 1-5
Tuesday
Guest Speaker – Budgeting/Saving/Career Planning
Lesson 3 Quiz
Chapter 3 Review
Thursday
Chapter 3 Test
Complete Virtual Personal Finance Lesson 3
Jan. 25-29
Chapter 3 Money Management Strategy
10.8 Determine personal resources for meeting needs and wants
10.9 Evaluate available buying options given personal financial resources
10.10 Identify the steps in a rational decision-making process as part of a buying decision
10.33 Develop a plan to allocate financial resources to meet an individual's financial goals
10.35 Describe how income and spending patterns change throughout the life cycle for the
typical person and family
10.36 Describe why and how people save
10.37 Describe the advantages and disadvantages of different saving and investing plans
Monday
Review Finding a Job/Career terms and questions
Chapter 2 Quiz
Lesson 2 Finding a Job
    1. Understand the difference between a job and a career
    2. Create a resume and cover letter
    3. Understand the process of seeking a job
    4. Interview successfully
    5. maintain a successful on the job attitude
Read lesson 1 and 2, written exercise, computer application
Chapter 3 Money Management
Section 3.1 Organizing Financial Records
Wednesday
Section 3.2 Personal Financial Statements
Section 3.3 Budgeting for Financial Goals
Friday
Lesson 3 Budgeting and Saving
Read lesson 3, written exercise, computer application
    1. Estimate your monthly income
    2. Estimate monthly expenses
    3. Develop a budget
    4. Set up a basic savings account
Jan. 19-22
Chapter 2 Finances and Career Planning
15.1 Give examples of various types of jobs
15.3 Assess personal interest, abilities, and life goals
15.4 Differentiate among various occupational choices (e.g., service, manufacturing,
agricultural, public service, professional, technical)
15.6 Generalize how income will be affected by factors such as supply and demand,
location, level of education, type of industry, union or non-union membership, gender,
ethnicity, skill levels, and work ethics
15.8 Describe the role of entrepreneurs in our economy, and assess entrepreneurship as a
career option
15.9 Use a rational decision-making process in the selection of possible career choices
15.10 Produce a plan for preparing to enter a specific career
Tuesday
Section 2.1 Planning your Career
Cost of Living http://www.bestplaces.net/COL/
Section 2.2 Employment and Career Development
Homework – Chapter 2 w/s
Job Outlook Report – http://www.bls.gov/OCO/
    1. Significant points
    2. Nature of work
    3. Training/Education
    4. Job Outlook
    5. Earnings
    6. Related Occupations
Résumé & Cover Letter
Thursday
Complete Report
Virtual Personal Finance
Lesson 1 Time Management and Health
     Manage your time wisely
     Why it is important to get enough sleep and eat healthy foods
       Recognize when you are under stress and how to relax
       Strike a balance in your life with work, education, play, and rest
       Key terms – opportunity cost, time as an investment, time management, values,
        goals, sedentary, stress
Jan. 11-15
Tuesday
Chapter 1 Notes
1. Compound Interest Spreadsheet
2. Review what is personal financial planning? What are its main benefits?
3. Write – where do you see yourself in 5, 10 and 20 years, 5- 10 things you would like to
have in the next 10 years, 3 SMART goals – short, intermediate, and long-term
4. Planning Personal Finances Standard Check
        10.31 Identify personal values and goals -
        http://www.selfcounseling.com/help/personalsuccess/personalvalues.html
        10.32 Determine the financial resources needed to satisfy personal values and
        goals for a given time period
        http://www.financialaid.uconn.edu/literacy/index.php/Personal_Financial_Plans
        10.39 Explain why a savings and investing plan changes as one proceeds through
        the life cycle
        15.3 Assess personal interest, abilities and life goals
        1.1 Define and give examples of economic wants and needs
        1.5 Explain and give examples of the opportunity costs of choices made by
        individuals and society

Practical Money Skills https://www.practicalmoneyskills.com/games/trainingcamp/
Thursday
    1. Activities page 27-29
    2. Chapter 1 Test
Jan 4-8
Monday
Introduction and Expectations
Unit 1 Planning Personal Finances Activities
    1. Chapter 1 Personal Financial Planning (Power Point)
    2. Section 1.1 assessment page 18, Section 1.2 assessment page 25
    3. Chapter 1 Review page 26, Document Detective page 12
Wednesday
    1. Activities page 27-29
    2. “Get a Financial Life” Video Discuss and take notes over video
    Write – where do you see yourself in 5, 10 and 20 years, 5- 10 things you would like to
    have in the next 10 years, 3 SMART goals – short, intermediate, and long-term, Chapter
    1 w/s
Friday
15.1 Give examples of various types of jobs
15.3 Assess personal interest, abilities, and life goals
15.4 Differentiate among various occupational choices (e.g., service, manufacturing,
agricultural, public service, professional, technical)
15.6 Generalize how income will be affected by factors such as supply and demand,
location, level of education, type of industry, union or non-union membership, gender,
ethnicity, skill levels, and work ethics
15.8 Describe the role of entrepreneurs in our economy, and assess entrepreneurship as a
career option
15.9 Use a rational decision-making process in the selection of possible career choices
15.10 Produce a plan for preparing to enter a specific career
Chapter 2 Finances and Career Planning
Section 2.1 Planning your Career
Assessment page 39 questions 1-6
Section 2.2 Employment and Career Development
Assignment section 2.2 page 53 questions 1-6
Chapter 2 w/s




Unit 4 Protecting Your Finances provides basic information about ways to protect your
financial resources. The next four chapters will discuss the importance of taxes, for
personal financial planning; home and motor vehicle insurance; health, disability, and life
insurance; and retirement and estate planning.
State Standards
        10.48 Identify risks in life and how to gain protection against the consequences of
        risks
        10.49 Explain how all types of insurance are based on the concepts of risk sharing
        and statistical probability
        10.50 Identify the types of insurance associated with different types of risk
        10.51 Explain why insurance needs change throughout the life cycle
        10.52 Identify various suppliers of insurance (public and private)
        10.53 Given a particular level of financial resources, determine the level of
        insurance protection needed for various types of risk
        10.54 Explain taxes and give examples of how they are used
        10.58 Explain the impact of taxes on personal financial planning
        10.55 Identify the types of taxes that are major sources of revenue for government
        (e.g., income, wealth, and consumption taxes)
        10.56 Calculate personal tax liabilities for various types of taxes, such as property,
        income, sales, and FICA taxes
        10.57 Describe the purposes of taxation (e.g., provision of public services,
        redistribution of income, and attainment of public economic goals)
        10.59 Develop spending and investing plans that maximize financial returns given
        present personal income tax policy
        12.3 Explain the role of government taxation and its effect on consumers and
        producers
        12.5 Explain how government's redistribution of income through taxation,
        spending, and assistance
Chapter 12 Planning Your Tax Strategy
Chapter 13 Home and Vehicle Insurance
Chapter 14 Health, Disability,. And Life Insurance
Chapter 15 Retirement and Estate Planning
Week 18
Monday
Review Chapter 14
Chapter 14 Test
Wednesday
Semester Review - Terms, 1040EZ, bank reconciliation, short answer
Friday
Semester Review

Taxes and Insurance
Week 17
Tuesday
Chapter 13 Quiz
Chapter 14 Health, Disability, and Life Insurance
Section 14.1 Health Insurance and Financial Planning
    Explain the importance of health insurance
    Analyze the cost and benefits of various types of health insurance
    Assess trade-offs of different health insurance policies
    Understand key terms – health insurance, coinsurance, stop-loss, co-payment
Assignment page 453
Section 14.2 Private Health Care Plans and Government Health Care Programs
    Evaluate the differences among health care plans offered by private companies
       and by the government
    Understand key terms – Blue Cross, Blue Shield, managed care, HMO, PPO, point-
       of service plan, Medicare, Medicaid
Assignment page 460
Review w/s
Thursday
Assembly 8:30- 9:30

Assignment read sections 14.3-14.4, questions pages 464, 473, complete w/s
Section 14.3 Disability Income
    Explain the importance of disability insurance in financial planning
    Identify sources of disability income
    Determine the trade-offs of different private disability income insurance policies
Assignment page 464
Section 14.4 Life Insurance
    Describe the purpose of life insurance
    Analyze various types of life insurance coverage
    Identify the key provisions in a life insurance policy
Assignment page 473
Review chapter




Week 16
Monday
Section 12.1 Tax planning, taxable income, deductions and tax credits, W-4, key terms
Section 12.2 Preparing an income tax return, 1040EZ, online tax return
Section 12.3 Tax Assistance and strategies, tax assistance, tax audits
Wednesday
Vocabulary Quiz
Complete W-4 online and paper
Research national sales tax
Chapter 12 Review
Friday
Section 13.1 insurance and Risk Management, what is insurance, types of risks, risk
management, property and liability insurance
Section 13.2 Home and Property Insurance, homeowners, renters.
Section 13.3 Motor Vehicle Insurance, bodily injury, property damage, no-fault, costs


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 Saving and 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.
Week 15
Monday Nov. 23
Investment in Stock activity
Week 14
Tuesday
    1. Review Chapters 9-10
    2. Review Chapters 5-6
Thursday
Discuss/Lecture Chapter 11 Real Estate and Other Investment Alternatives
Virtual Business – Personal Finance
Lesson 1 Time Management and Health
     Manage your time wisely
     Why it is important to get enough sleep and eat healthy foods
     Recognize when you are under stress and how to relax
     Strike a balance in your life with work, education, play, and rest
     Key terms – opportunity cost, time as an investment, time management, values,
        goals, sedentary, stress
Week 13
Monday
Chapter 8 Quiz
Chapter 9 Stocks w/s
Section 1 Common and Preferred Stocks
Section 2 Evaluating Stocks – Stock Pick Tools
Section 3 Buying and Selling Stocks
Stock Screener http://moneycentral.msn.com/investor/finder/customstocksdl.asp
Wednesday
Ups and Downs of Stocks Video
Chapter 10 Bonds and Mutual Funds
Section 10.1 Corporate and Government Bonds
Section 10.2 Investing in Bonds
Section 10.3 Mutual Funds
Section 10.4 Investing in Mutual Funds
Profits & Pitfalls of Mutual Funds Video
Chapter 10 study guide
Friday
Chapter 9 and 10 Test
Evaluating Stocks and Dollar Cost Average w/s
Week 12
Tuesday
Review Chapter 7
Chapter 7 Quiz
Video “Taking Control of Your Credit”
Video Quiz
Assignment due - page 229 Your Financial Figures and Language Arts (assigned last
Friday by sub)
Section 8.1 Preparing for a savings or Investment Program
Assignment Read and complete w/s Section 2
Thursday
PowerPoint Chapter 8 Saving and Investing
Section 2 Savings and Investment Options
Assignment Read and complete w/s Section 3
PowerPoint Chapter 8 Saving and Investing
Section 3 Reducing Risk and Sources of Information
Assignment Read and complete w/s Section 3
Week 11
Monday
Chapter 7 The Finances of Housing
    1. How to evaluate available housing alternatives
    2. How to assess the advantages, disadvantages, and costs of renting
    3. Calculate the costs of home buying
    4. Learn terms associate with housing
Assignment page 201 1-3, 208 1-3, 227 1-3 – Due Wednesday
Chapter 7 Notes
Wednesday
Independent Living guest speaker - Glen Kruger Globe University in Sioux Falls,
presentations on budgets, finance, credit, etc.
Friday
Chapter 7 Review and Quiz
Review and Activities page 229
Week 10
Tuesday
Finish video “Secret History of the Credit Card”
http://www.pbs.org/wgbh/pages/frontline/shows/credit/
Complete study guide for Chapter 6
How to Choose a Credit Card
Chapter 5 and 6 Review
Thursday
Chapter 5 and 6 Test
Video “Confessions of a Shopaholic”
Week 9
Wednesday
Credit
    1. Define the opportunity cost of using credit
    2. Explain the 5C’s of Credit
    3. List and Define the different types of loans
    4. Learn and understand Predatory lending, Debit card fees, Overdraft fees, New
        credit card rules
    5. Learn how to choose a credit card
PBS video “Secret History of the Credit Card”
http://www.pbs.org/wgbh/pages/frontline/shows/credit/
Friday – End of First Nine Weeks
PBS video “Secret History of the Credit Card”
Week 8
Monday
Chapter 6 Consumer Credit
     10.15 Explain credit and why it is used
     10.16 Define interest and explain why it is charged
     10.18 Identify sources of credit and the types of credit they offer
     10.19 Select an appropriate form of credit for a particular buying decision
     10.20 Determine advantages and disadvantages of credit
Wednesday
     10.21 Explain credit ratings and describe why they are important to consumers in
        our economic system
     10.22 Compare and contrast the legal aspects of different forms of credit (e.g.,
        credit cards, installment
     loans, mortgages)
     10.23 Compare and contrast the legal aspects of different sources of credit (e.g.,
        pawnshops, revolving
     charge accounts, banks, credit bureaus)
     10.24 Calculate the true cost of credit for various credit uses (e.g., continuously
        making minimum
     credit card payments, total mortgage interest)
Friday
Chapter 6 Quiz
Complete Chapter 6
Chapter 7 The Finances of Housing
    5. How to evaluate available housing alternatives
    6. How to assess the advantages, disadvantages, and costs of renting
    7. Calculate the costs of home buying
    8. Learn terms associate with housing
Week 9
Wednesday
Chapter 7 Quiz
Complete Chapter 7
Friday – End of First Nine Weeks
Unit 2 Test
Week 7
Tuesday
Chapter 4 Quiz
Unit 2 Banking and Credit - Chapter 5 Banking
Standards Addressed;
     5.5 Describe different kinds of economic institutions in our economy
     10.42 List the basic services provided by banks
     10.43 Identify services that financial institutions provide to customers
     10.44 Perform the steps involved in opening and using a checking account
     10.45 Reconcile a bank statement
Thursday
Chapter 5 Quiz
Complete Chapter 5
     Excel Compound Interest w/s and Rate of Return
     Document Detective page 138
       Writing a Check page 143
       Page 148 1-6
       Page 150 Basic Banking Quiz
       Hosed at the gas pump -- by your debit card
        http://articles.moneycentral.msn.com/Banking/BetterBanking/HosedAtTheGasPumpByYo
urDebitCard.aspx
Assignment read Chapter 6 Consumer Credit and questions
Week 6
State Standards 1.7, 1.8, 2.3, 10.1, 10.5, 10.6, 10.7, 10.8, 10.9, 10.10, 10.11, 10.12, 10.13
    Chapter 4 Consumer Purchasing and Protection - shopping, tradeoffs, label, price,
    warranty. Resolving complaints, fraud.
Monday
     Notes and Lecture section 4.1
     Document Detective activity page 102
     South Dakota Attorney General Site
     Notes and Lecture section 4.2
     Common Consumer Myths page 94
     Assignment – page 102 1-5, page 103 1-3, page 111 1-4
Wednesday
     Review chapter 4
     Chapter 4 w/s, comparison vehicle shop internet activity
    http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/10-things-gas-
    stations-wont-tell-you.aspx
Friday
     Lockdown
Week 5
10.1, 10.7, 10.9, 10.11, 10.12
Monday
Section 3.3 Budgeting for Financial Goals
     Notes and Lecture
     Assignment – Page 87 1-5, page 86 Money Management quiz, page 87 What is your
        net worth?, page 64 question #4
     Internet Presentation page 85 How Much should you spend on …
        http://articles.moneycentral.msn.com/SavingandDebt/LearnToBudget/how-much-should-
        you-spend-on.aspx
     Create a Budget
     Review terms
Wednesday
     Review Chapter 3
     Chapter 3 Test
     Chapter 4 Consumer Purchasing and Protection
     Assignment – Read sections 4.1 and 4.2
Week 4
Tuesday
Chapter 2 vocabulary quiz
Discuss Resume and cover letter templates
10 Résumé Missteps that Hurt Your Job Search http://msn.careerbuilder.com/Article/MSN-
1770-Cover-Letters-Resumes-10-R%c3%a9sum%c3%a9-Missteps-that-Hurt-Your-Job-
Search/?cbsid=a75eb232539b48588dbfc522f978669a-305307825-JC-
5&sc_extcmp=JS_1770_home1&cbRecursionCnt=2&SiteId=cbmsnhp41770&ArticleID=177
0&GT1=23000
Discuss Websites
        http://encarta.degreesandtraining.com/articles.jsp?article=featured_5_high_paying_colleg
e_majors&gt1=27001
        http://encarta.degreesandtraining.com/articles.jsp?article=featured_recharge_your_caree
r_with_technical_training&gt1=27001
Chapter 2 w/s
Read summary and assign questions 1-6 page 54
Assignment read pages 60-64
Thursday
Chapter 3 Money Management Strategy
Section 3.1 Organizing Financial Records
Assign page 64 questions 1-3
Section 3.2 Personal Financial Statements
Assign page 73 1-3 and 5
Assignment read section 3.3
Week 3
Tuesday
Finish movie “Pursuit of Happiness”
Review Test
Chapter 2 Finances and Career Planning
Section 2.1 Planning your Career
Assessment page 39 questions 1-6
Lesson 1 PFVB – Time Management and Health
Thursday
Complete lesson 1 PFVB
Review assignment page 39
Section 2.2 Employment and Career Development
Assignment section 2.2 page 53 questions 1-6
Chapter 2 w/s
Week 2
Monday
Wednesday
Friday

Virtual Business – Personal Finance
Lesson 2 Finding a Job
    6. Understand the difference between a job and a career
    7. Create a resume and cover letter
    8. Understand the process of seeking a job
    9. Interview successfully
    10. maintain a successful on the job attitude
Read lesson 2, written exercise, computer application



Chapter 10 Bonds and Mutual Funds
Chapter 11 Real Estate and Other Investment Alternatives
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.
   13. Describe wills and other legal documents
   14. Explain how agencies regulate financial markets and protect investors.

Computer Lesson 16 – Investing for retirement
   1. Discuss retirements in a knowledgeable and informed manner.
   2. Understand how Social Security works.
3. Talk about a pension, employer-sponsored retirement programs, IRAs, Keogh
   plans, and annuities
4. Make informed decisions on how to save for your retirement.

								
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