Personal+Finance

If I am gone for the day, please go to the SUB NOTES page to get your instructions and assignments

Teachers As Advisors: [|SD My Life (Career Cruising)]

[|NEFE High School Student Page] Financial Football Training Camp (a financial literacy game)

Sandbox

__**Unit 1: Creating a Personal Financial Plan**__
 * Examine the value of having process of planning how to use money
 * Create personal financial SMART goals
 * Analyze how money is received and used
 * Use the decision-making process to create a financial plan
 * Identify guidelines to implement a personal financial plan
 * Monitor and modify a personal financial plan

Unit 1: Your Financial Plan Notes Handouts/Assignments:

~ NW Worksheet: ~ Financial Goals: ~ Setting a SMART Goal:

~ What's Missing? ~ Personal Spending Log: //Use Envelope System with Receipts or Use electronic Budget (Excel Spreadsheet) Include Income & Spent $. Track over a 30-day period of time// ~ Financial Planning Strategies - //Write letter giving Financial Advice to a good friend// ~ Satellite Decisions (workbook) Also: My Options after HighSchool.

__Decision Making Quiz__ __**Unit 1 Test**:__ Includes: //Take Home Test **Case Study.**// This is to be done PRIOR to test date. //In-class Test// This will be completed in class and include: MC, Short Answer, Completion. Covers all concepts discussed from Unit 1.

**__ Unit 2: Budgeting: Making the Most of your Money __**
 * Examine reasons to keep track of your spending habits
 * Summarize the advantages of having a spending plan
 * Identify various sources of income
 * Identify varous types of expenses
 * Explain the purpose of paying yourself first (pyf)
 * Explain how to build a budget
 * Examne forms of record keeping involved with budgeting anc cash management
 * Summarize how a budget will change throughout your life cycle

Unit 2 Budgeting Notes Handouts/Assignments: ~ Paycheck Stub 1 EXAMPLE: ~ W-4 Form (print to OneNote):

~ How do you spend your Money? (Pie chart of spending log) ~ Wage Computations: ~ Computing Wages & Taxes: ~ Paycheck Stub #2: ~ Jessica's Budget: ~ BMJones Budget: ~ MBrown Budget:

__U2 Budgeting Review:__
 * __Unit 2 Test:__** Includes: terms, concepts of budgeting/spending plans, paycheck stubs, SMART goals, W-2 & W-4 forms. Will have to calculate a PayStub (GP, Deductions, NP). Will also have to put together a budget with revisions.

**__Unit 3: Investing -- Making Money Work for You__**

Unit 3 Saving and Investing Notes
 * Differentiate between saving and investing
 * Assess the time value of money
 * Compare investment options
 * Compare the relationship between risks and returns related to savings and investments
 * Recommend ways to integrate savings and investing strategies into financial planning

Google Docs: Unit 3 Saving and Investing Notes Using a Financial Calculator: Exercises Activities:


 * __Unit 3 Test:__**

__U3 Investing Review:__

__** Unit 4: Good Debt, Bad Debt: Using Credit Wisely **__


 * Explain what credit is
 * Compare the advantages and disadvantages of using credit
 * Outline the process of applying for credit
 * Explain what a credit history is and why it is important
 * Explain how to manage credit resonsibly
 * Explore the consequences of excessive debt and how to correct it
 * Determine what to do in the event of inaccurate reporting

Unit 4: Credit Notes

Assignments:


 * Unit 5: Checking Accounts **
 * Become familiar with various types of financial services providers
 * Examine how a savings account works
 * Practice using a chekcing accoutna nd debit card
 * Explain how a credit card is used to make purchases
 * Explore the features of automated financial services
 * Respond to situations involving identy theft and deceptive practices

Unit 5 Secure Accounts/Checking Account Notes

Assignments:

__** Unit 6: Insurance: **__ Unit 6: Insurance Notes


 * Identify ways to manage risk
 * Describe how insurance is used to protect against protential finacial loss
 * Explain the features and processes related to automobile insurance
 * Examine how insurance needs vary from person to person because of lifestyle and life situation
 * Assess how insurance fits into your financial plan