Money+&+You

Basic Personal Finance - Real Consumer Education
 * Money & You**

First Day Rules & Procedures Student Google Survey Create Edmodo & Google Accounts Create[| Foolproof] account and join class (code CB8HJ52)
 * Week #1 - //August 22 - 23//**

//** Core message: **// Your credit will rule your life.
 * Module 1: When It Hits the Fan: // August 24 - September 2 //**
 * Understanding You and your money.
 * Basic fundamentals of money and decision making.
 * Identify the role of money in your life.
 * Explore the common mistakes made with money.
 * Identify the consequences of being irresponsible with money, including the impact on job prospects.
 * Examine the real-life scary look at financial scams aimed at young people.
 * Identify the real-life potential dangers of poor decision-making regarding money.

Video - [|How I learned to read - and trade stocks - in prison.] - Verso App


 * Read** - __The Missing Semester__ - Will you choose wisely? //(pages 1-4) - August 25//
 * Read** - __The Missing Semester__ - The Rest of your Life Starts Now! //(pages 5-9) - August 29//

Assignment #1 - What is Personal Finance? - 9/1 Exam Module #1 - 9/1


 * Read** - __The Missing Semester__ - Understanding Debt //(pages 10-12) - August 31//
 * Read** - __The Missing Semester__ - Student Loans //(pages 13-17) - September 2//

//** Core message: **// You are the only person who determines your credit.
 * Module 2: Money & Goals: **** Week #3 - **//** September 5 - 8 **//
 * Identify what a bad decision is using examples based on teenagers' common mistakes.
 * Explain what credit is.
 * Identify the role of credit in your life.
 * Identify what mistakes can be made with poor credit decisions.
 * Explain the importance of paying on time.
 * Explain the dangers of minimum payments.
 * Identify what a credit score is and identify the five factors that control credit score.
 * <span style="background-color: #ffffff; border: 0px; border: 0px; font-family: Helvetica,sans-serif; font-size: 12.8000001907349px; line-height: 12.8000001907349px; margin-left: 30px; margin-top: 0px; margin: 0px 0px 0px 30px; padding-left: 0px; padding: 0px;">Identify and comprehend risk-based lending.

Assignment #2 - Developing Financial Goals / Kahoot - Credit Exam Module # 2


 * Read** - __The Missing Semester__ - Credit Cards //(pages 18 - 21) - September 7th//
 * Read** - __The Missing Semester__ - Car Loans //(pages 22 - 27) - September 9th//

Core message: Smart consumers critically evaluate marketing and advertising messages rather than simply accepting them.
 * Module 3: Kick Some Buck:** ** Week #4 - **//** September 12 - 16 **//
 * Demonstrate personal responsibility when it comes to credit.
 * Identify the components of a credit score.
 * Separate fact from opinion when you evaluate products and services.
 * Critically evaluate fine print in marketing, advertising, and promotion.
 * Identify predatory lending and how it may affect you now and in your future.
 * Explain consumerism and differentiate between your well-being and the corporate well-being.

Kahoot - Job / Occupation / Career What [|career]is right for me? Please complete Assignment #3 - What job is right for you? Exam Module #3


 * Read** - __The Missing Semester__ - Take Ownership of your Future //(pages 28 - 31) - September 13th//
 * Read** - __The Missing Semester__ - Cost Effective Career Moves //(pages 32 - 36) - September 15th//

Core message: Checking accounts and savings accounts are indispensable, powerful, and potentially dangerous tools.
 * Module 4: Road Trip: Week #5 & #6 - //September 19 - 28//**
 * Demonstrate how to use a checking and savings accounts.
 * Identify what a checking account is.
 * Practice using a checking account and debit card.
 * Compare and contrast debit cards and ATM cards.
 * Explore the features of automated financial services such as, electronic transfers and bill paying online.
 * Explain the importance of always knowing the true balance of your checking account.
 * Practice reconciling your bank statement.
 * Identify check holds and minimum balances.
 * Examine the various types of financial services and the differences between banks and credit unions.
 * Identify mistakes you can make with your checking account that could lead to bad credit.

//Scamming of America - [|The 50 Billion Ponzi Scheme]// / https://todaysmeet.com/ConsumerED
 * Read** - __The Missing Semester__ - Investing, and why it Matters //(pages 37 - 40) - September 20th//
 * Read** - __The Missing Semester__ - Investing - The Roth IRA //(pages 41 - 44) - September 22nd//

Chapter Notes- What have we learned so far? Checking Account - Kahoot


 * Read** - __The Missing Semester__ - A Defining Moment //(pages 45 - 46) - September 27th//
 * Read** - __The Missing Semester__ - More Ways to Save //(pages 47 - 51) - September 29th//

Assignment #4 - What college is best for you? Exam Module #4

Core message: Detailed interactive checking account module that allows students practical guided practice using a checking account.
 * Module 5: Junk in the Trunk: Week #7 - October 3 - 7**

Chapter Introduction: Check Writing, Endorsements, Module completion - October 3rd


 * Read** - __The Missing Semester__ - Putting A Roof Over Your Head //(pages 52 - 57) - October 4th//
 * Read** - __The Missing Semester__ - The Last Class //(pages 58 - 63) - October 6th//

Assignment #5 - Are student loans good for you? Articles on [|Studen Loans] / [|Benefits of Students Loans] / [|Student Loan Debt] Pro and Cons of Student Loans - Article in class

Core message: Use credit cards very wisely or you will be hurt.
 * Module 6: Sucker Punch: Week #8 - October 10 - 14**
 * Select strategies to use in handling credit cards and debt.
 * Explain how credit cards and other unsecured loans work.
 * Identify and define credit, loan, annual percentage rate, interest and principal.
 * Explain the importance of timely payments.
 * Explain the grace period with credit cards.
 * Identify the dangers of financing long-term debt with credit cards.
 * Compare various credit card offers to identify the ramifications of making purchases with credit.
 * Compare and contrast financial institutions that offer credit cards.
 * Identify the consequences of going over your limit and paying late.
 * Explain how to manage credit responsibly.

Article Analysis: Analyzing 3 [|Credit Card Companies] - October 13th & 17th

Exam 6 - October 18th Spending Journal
 * Module 7: Boxing Practice: Week #9 - October 17 - 28**

Core message: Detailed interactive credit card module that reinforces the curriculum in Module 6, Sucker Punch! Complete Spending Journal Kahoot - More Credit Questions Assignment: How do you obtain accurate information?

Core Message: Burning money introduces the concept that money is a limited and perishable resource: we spend our lives trying to have enough of it, and once we've spent it, it's gone.
 * Module 8: Burning Money: Week #10 - October 31 - November 4**
 * Learning to accept responsibility for every spending decision.
 * How to determine if an expense is a fixed or a variable expense.
 * Recognizing"good" from "bad" money burns.
 * The importance of record-keeping in the budgeting and saving process.
 * How to easily keep detailed records of income and expenses.
 * Illustrate why savings plans are worthless if they don't work hand-in-hand with a budget.

Kahoot - Budget & Spending Exam Module 8 Assignment #8 - Are all financial institutions alike?

Core Message: "Moving Out" immerses the student in the thought processes needed to make moving out a successful experience.
 * Module 9: Moving Out - Week #10. 5 - November 7 - 11**
 * Why money problems means you probably have to move back in with your family before you are thirty.
 * Understanding the importance of good credit in the rental process.
 * Why moving out and staying out requires long-term planning and homework.
 * How do you prepare right now for moving out on your own?
 * Understanding renting and leasing lingo.
 * Budgeting for your life as a renter.
 * Should you rent month-to-month or long term?
 * What factors should you consider when selecting your first nest?
 * Common mistakes made by first-time renters.
 * Understanding the role and objectives of rental agents and landlords.
 * Your rights and responsibilities as a renter.
 * Smart and dumb ways to furnish your first nest.
 * Renters' insurance: do you need it?

Formative Assessment: Kahoot - Home Buying & Renting Exam Module 9 - Renting a Pad Review - Quizzezz - Understanding Credit Assignment #9: How Do You Find The Best And Cheapest Loan?

Core Message: "Home buying" looks at the reasons young people should understand the home buying process many years before they actually buy their first home. It teaches the skills necessary to prepare for the best and least- expensive home buying experience down the road.
 * Module 10: Buying a Home - Week #11 - November 14 - 18**
 * How do you know when you're ready to consider buying rather than renting?
 * Buying a home is a much more complex and potentially dangerous financial transaction than renting a home.
 * Steps to ensure a better home buying and mortgage experience down the road?
 * Understanding home buying and mortgage terminology.
 * What is a sensible process for finding the best home and the best mortgage?
 * Understanding the role of mortgage brokers, lenders, and real estate agents in the home buying process.
 * What is a sensible process for finding the best home and the best mortgage?
 * Understanding the role of mortgage brokers, lenders, and real estate agents in the home buying process.

Kahoot - Home Buying Exam - Module 10 Assignment #10 - What is the best way to pay for Items?

Core Message: "Gambling" presents a detailed look at the societal costs and potential benefits of organized gambling.
 * Module 11: Take This Bet - Week #11.5 November 21 - 23**
 * What exactly is "gambling"?
 * Understanding the odds of winning in professional gambling.
 * Theories of probability and predictability & the difference in an "independent" event and a "dependent" event.
 * What is the difference in the normal gambles we take daily in life and gambling online, at a casino?
 * Understanding the clues that identify a casual rather than a habitual gambler.
 * How to recognize when gambling is becoming a problem.
 * How organized gambling uses psychological techniques to manipulate customers.
 * Why and how online gambling sites target young gamblers.

Assignment #11 - How much does your credit score impact your life? Exam 11 - November 22, 2016

Core Message: "Tax Me!" reviews the impact of taxes on our lives and explains to the student the responsibilities required of all taxpayers. Great article in the Post-Gazette - <span style="background-image: url(">[|Grads move back home] - November 29, 2016 Interesting Read: Tax on [|Soda]? Exam 12 Assignment #12 - How do you get a loan approved? Sample [|Loan Application]
 * Module 12: Tax Me, Please - Week #12 - November 29 - December 2**
 * What is a tax and why do taxes exist?
 * When are you required to start paying taxes?
 * Understanding the "Ability to Pay" and the "Benefits Received" concepts of taxation.
 * Understanding the principles of "progressive" and "regressive" taxation.
 * Understanding the different types of taxes and the importance of your decisions concerning taxes.
 * Understanding the principle of tax deductions.
 * The importance of keeping records and filing taxes on time.
 * Understand tax terminology and key tax forms.

Core message: "Giving Versus Getting" illustrates the value of giving back to the community, demonstrates the role of charities and not-for-profits, and teaches the student how to responsibly become a contributor to charitable causes and organizations.
 * Module 13: Giving vs. Getting - Week #13 - December 5th - 9th**
 * The personal and professional benefits of being a charitable person.
 * How young people can make an important impact with their charitable efforts.
 * Understanding the differences in a "for profit" and a "not for profit" organization.
 * The role of not-for-profits in an economy built on the for-profit ethos.
 * Understanding how to evaluate the merits of a charity or not-for-profit organization.
 * Understanding how to recognize scams in the charity world.
 * How to recognize charity scams aimed specifically at young people.

Article Analysis - [|Is College Worth It?] Assignment #13 - The bigger danger to your independence: your debt! Exam #13 Hour of Code

Core Message: "Who Needs Money?" focuses in great detail on the enormous impact of even a minimal college education on the lifetime income of any young person.
 * Module 14: Who Needs Money - Week #14 - December 12th - 16th**
 * Educational decisions made in high school will have a lifetime impact on the average student's income.
 * Determining how much lifetime income various years of education bring to the average student.
 * College or trade-school options for students with little or no income or poor grades.
 * Educational value offered by community colleges and state-supported schools compared to private schools.
 * The difference in a "job" and a "career".
 * How to choose a trade school or other commercial school.

Assignment #14 - Do you need Insurance? What type? Why? / Kahoot - Earnings & Spending

Core Message: What is insurance, why do we need it, and how do we find the best insurance at the lowest cost?
 * Module 15: Parachute Required - Week #15 - December 19th - 22nd**
 * Understanding the concept of "risk."
 * Understanding how insurance works.
 * Insurance terminology.
 * How do insurance companies determine rates?
 * How do you determine what insurance you need?
 * How do you "shop" for that insurance?
 * Understanding all the factors that impact auto insurance cost and coverage.
 * How a young driver selects the proper types and amounts of auto insurance coverage.
 * Understanding responsibilities when driving under parents' insurance umbrella responsibilities.
 * Understanding health and life insurance.
 * What is a sensible way to shop for the best insurance coverage?

Formative Assessment - Kahoot Article Analysis: [|10 Craziest Insurance policies you did not know existed] Exam 15 & Assignment #15 - Protecting yourself from identity theft

Core message: "Broke!" explores the causes and consequences of bankruptcy. It explores in detail the alternatives to bankruptcy, and discusses the different types of bankruptcy remedies available to a consumer.
 * Module 16: I'm Broke - Week #16 December 21 - 22**
 * Why does a young person need to learn about bankruptcy?
 * What are both the practical and legal definitions of bankruptcy?
 * Why do people go bankrupt?
 * What are the practical and legal consequences of going bankrupt?
 * How should a person evaluate whether or not to file for bankruptcy?
 * What are the alternatives to filing for bankruptcy?
 * The difference between a legitimate debt settlement organization and a unethical or ineffective organization.
 * What scams are aimed at consumers in serious financial trouble?
 * What are the different types of bankruptcy?

Assignment #16 - Work every day or make your money work? Exam #16

Core message: An investment account can put your money to work for you while you do other things like sleep, and right now is the time to start that account. Video - [|How I learned to read - and trade stocks - in prison.] Kahoot Review Module 17 Exam:
 * Module 17: Pay Me While I Sleep - Week #17 - January 2 - 6**
 * If you are wise with your money, you can start an investment account now.
 * What is the difference in "saving" and "investing"?
 * It is impossible to be a consistent saver or investor if you don't have spare cash.
 * What is "opportunity cost" and how does that concept impact your ability to save or invest?
 * Unnecessary debt is usually invisible debt: we don't think about the fact that it impacts our ability to invest.
 * The impact of compound interest on savings and investment accounts.
 * What is an event "Time Horizon" and how does it impact our savings and investing decisions?
 * How do you determine how much risk you can undertake when you make investments?
 * Why do some people make bad risk-tolerance decisions?
 * What is "liquidity" and how does it impact our decisions?
 * How do you judge whether or not an investment is successful?
 * Understanding "ROI" and "Rate of Return."
 * Why don't more people invest regularly?
 * Goal setting for your savings and investment plans.
 * Understanding the "Rule of 72" and how to use it.
 * What type of investments can young people make?
 * What exactly does the term "risky" mean in relation to savings and investment plans?
 * How do you keep from falling for pressure and deceptive sales tactics when you invest?
 * What is a good strategy for starting an investment plan right now?
 * What is an investment "portfolio"?
 * What are the basic types of investment vehicles?
 * What are the relative risk levels of various investment vehicles?
 * What is the role of investment vehicles such as 401k's in a young person's investment plans?
 * What is the main objective of even the most honest person selling investments?
 * Why is it important to question all investment advice and gather a second independent decision?

Core message: You are responsible for making sure you have funds to lead an independent life when you retire.
 * Module 18: Time Travel - Week #18 - January 9 - 13**
 * It is never too early to start thinking about retirement.
 * What are you going to do for money later in life?
 * You cannot depend on the government or your place of employment to take care of you at retirement.
 * If you start retirement savings now it will take a much smaller percentage of your income to reach goals.
 * How do you determine how much of your income you should set aside for retirement?
 * How does inflation impact a retirement or savings plan?
 * Why investment accounts can pay a higher rate of return than savings accounts.
 * Factors that impact your success as an investor who is saving for retirement.
 * Why high-interest loan accounts (credit cards) dramatically lower the funds you have available to invest or save.

<span style="background-image: url(">[|Financial Football] Consumer Education Project - Select Activity of your choice - Modules 1 - 16 Final Exam

Many of the below web resources will be used as throughout the course:

https://www.practicalmoneyskills.com/foreducators/lesson_plans/highschool.php http://www.moneyskill.org/ http://www.picpa.org/content/47530.aspx http://www.hsfpp.org/ <span style="display: block; height: 1px; left: 0px; overflow: hidden; position: absolute; top: 3021.5px; width: 1px;">**& #18 - January 11-21st**