Wednesday, May 27, 2015

Tuesday / Wednesday 26 / 27

Class continued examining how a mortgage works as a way to accumulate wealth.

The class practiced analyzing the ROI for a house purchase.

Next the class made a brief study of insurance "the bet you hope to lose."

The class was given the following list of topics for the unit exam which will be next class period.

Banking
Banks for profit
Credit Unions are not for profit

Check Book
Ledger use
balancing
available balance
writing a check
credit cards vs. debit cards

Budgeting
General knowledge of suggested percentages

Credit / Credit History / Credit Score
Good credit can save you money
bad credit will cost you money
use credit wisely

Mortgage
Calculating ROI
Opportunity Costs
Profit

Insurance
Collision v. Liability
Deductible and Co-insurance
Life insurance
benificiary

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