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How to Earn It,
Save It,
Make It Grow
Teacher’s Guide:
Using Money Matters
to Meet
TEKS/TAKS Standards
Teacher’s Guide: Using Money Matters to
meet TEKS/TAKS standards
Use “You’ll Wonder Where Your Business Education
Paycheck Went” (pages 4-5)
to give students practice in The student demonstrates an understanding of personal
calculating gross pay, withholding financial management. The student is expected to:
for federal tax, and Social Security
and Medicare taxes.
compute gross pay
Page 4 provides a detailed
example that students can follow; compute employee-paid withholdings
page 5 gives students practice
in calculating the gross pay, compute net pay
withholdings, and net pay for a job
that they find advertised in the
Houston Chronicle.
“Go for Your Goals!” (pages 6-7)
helps students understand the
first step in setting up a budget.
Figuring out where the money
he/she now spends is going will
help each student decide which
expenses can be cut.
Business Education
“Bank on a Budget” (pages
8-9) shows students a sample
budget and provides space and The student researches consumer and employee issues and
suggestions for students to discusses financial implications for the individual. The student
develop their own budgets. is expected to:
Page 9 gives students the prepare and maintain a personal budget
opportunity to “comparatively
shop” by using a sample ad and
demonstrate purchasing decisions through comparative shopping
by looking through actual ads in
the Houston Chronicle.
analyze investment growth and develop a personal investment plan
2
Teacher’s Guide: Using Money Matters to
meet TEKS/TAKS standards
“Cash or Credit?” (pages 10-11) Business Education
gives an example of a student
whose credit rating was destroyed The student identifies the rights and responsibilities of consumer
because she didn’t consider the credit. The student is expected to:
problems that could develop if she
used her credit card unwisely. project the effect of poor credit on a consumer’s credit
worthiness by examining credit reports
The bottom of page 10 (“Credit
Card Tips”) takes students through list and explain the qualifications and procedures needed
the terminology they should know to obtain credit
and the questions they should ask
as they consider credit cards for identify problems involving personal use of credit cards
the future.
compare costs of various forms of credit
Page 11 helps students consider
the services banks provide, determine the bank that offers the best credit card contract
as well as the fees that some
banks charge.
Business Education
Students are asked to use
mathematical operations The student follows established mathematical processes to solve
throughout the student guide as business problems. The student is expected to:
they determine salary, costs, etc.
calculate answers to problems using addition, subtraction,
multiplication, division, percentages, and decimals
3
Teacher’s Guide: Using Money Matters to
meet TEKS/TAKS standards
Technology
Page 12, “Your Checking Account,” provides
practice in properly filling out checks and in The student complies with the laws and examines the issues regarding the use
using a check register to record expenditures, of technology in society. The student is expected to:
income, and the current balance in the account.
identify the impact of technology applications on society through research,
Page 13, “Debit Cards,” explains the difference interviews, and personal observation
between credit and debit cards. Advantages of
using a debit card are provided, as well as tips demonstrate knowledge of the relevancy of technology to future careers,
on using it responsibly. life-long learning, and daily living for individuals of all ages
Page 14, “Paying Bills Online, explains how The student describes the intended and unintended effects of technological
the Internet and personal computers have solutions. The student is expected to:
revolutionized the way that people use banking
services and introduces students to the way in describe how technology has affected individuals, societies, cultures,
which they will likely pay bills in the future. economies, and environments
describe change and the factors that affect the adoption or
rejection of technology
describe how and why technology evolves
“The Dollar Tree: Growing Money”
(pages 15-16) gives students a good
Economics
overview of common investment choices,
The student understands the basic concepts of consumer economics.
as well as the risks and rewards of
The student is expected to:
each type of investment.
analyze the factors involved in the process of acquiring consumer goods and
The Rule of 72 (explained in the box in the
services including credit, interest, and insurance
middle of the page) is a great way for students
to calculate the number of years it will take for
compare different means by which savings can be invested and the risks and
various investments to double at various rates
rewards each poses to the consumer
of return.
analyze the economic impact of investing in the stock and bond markets
“Sticking with Stocks,” (pages 17-18) gives
students further information about investing in
stocks and includes an exercise for students to
practice purchasing and following stocks for a
period of two weeks.
“Check Your Knowledge,” page 19, provides
activities to help students review what they
have learned from this guide.
4
Money Matters
Homework Assignment
Name:____________________________________
Use this page with page 4 of Money Matters
On page 4 of Money Matters, you have examples that show you how to calculate a percent of a number. For
example, you are shown how to find 7.65% of $7,000. First, change the percent to a decimal by moving the deci-
mal point two places to the left —
(7.65% = .0765). Then, multiply the decimal by the number.
Find an advertisement in the Houston Chronicle that promises a discount that is given as a percent.
Calculate the amount you would save. Then, figure out how much you would pay for the item.
Attach the advertisement below.
Original Price ___________________________________________
% Discount _____________________________________________
Amount Saved __________________________________________
Discounted Price ________________________________________
Now, add a sales tax of 8.25% to your purchase. What will you pay for the item?
Sales Tax _________________________________ Amount You Will Pay _______________________________________
5
Money Matters
Homework Assignment
Name:____________________________________
Use this page with page 12 of Money Matters
Page 12 of Money Matters includes the Rule of 72. When you want to know how many years it will take for
your money to double, divide the rate of return into 72. The answer is the number of years it will take for your
money to double.
Look in the Houston Chronicle for the following rates. Then calculate how long it will take for your
money to double.
rate number of years for
money to double
2-yr. treasury bond __________________ _________________________________________
10-yr. treasury bond __________________ _________________________________________
30-yr. treasury bond __________________ _________________________________________
6-month CD __________________ _________________________________________
1-yr. CD __________________ _________________________________________
2-yr. CD __________________ _________________________________________
bank savings account __________________ _________________________________________
money market account __________________ _________________________________________
6
Money Matters
Homework Assignment
Name:____________________________________
Use this page with pages 14-15 of Money Matters
Question #3 on page 15 mentions that the stock market often rises or falls based on national or world news
events. Individual stocks also rise or fall based on news that will affect those companies. Find articles in the
Houston Chronicle that describe the following types of events:
Flood/Droughts
Where did it occur?
When did it happen?
Find the names of two (2) companies that will likely suffer directly
from this event _____________________________________________________________________________________
_____________________________________________________________________________________
Are there any companies that will benefit from the event?
Explain how the event will impact the companies.
Wars/Civil Unrest
Where did it occur?
When did it happen?
Find the names of two (2) companies that will likely suffer
from this event _____________________________________________________________________________________
_____________________________________________________________________________________
Are there any companies that will benefit from the event?
Explain how the event will impact the companies.
Tax Increase/Decrease
What is the change in the tax rate? _____________________________________________
Name two (2) companies that will suffer from or benefit from the change in the tax rate.
______________________________________ __________________________________
7
Thank You
Merrill Lynch,
for making financial
literacy a top priority
Through the generosity
of Merrill Lynch,
thousands of students
are learning how to
earn, save and grow
their money.
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