Monday, May 16, 2016

Monday, 16 May: Personal Finance Week

This week class focuses on personal finance. We will explore the topics of:
Managing money; banking; credit and debit cards (and pre-paid cards); credit scores; and identity theft. We will revisit financial values as a topic as our values may influence the financial choices we make.

Friday the 20th or Tuesday the 24 of May there will be a brief unit test that will be corrected in class.

Class begins with two free writes from the following prompts:

Describe a life you'd like to be living in ten years. Be specific about the details of free time, work, activities that make you happy.












What is value? What do you value? What is worth more to you, happiness or money? What is worth more to you, time or money? How do you balance the tension between wanting time and wanting money?






2 Euros is about $2.27; Would you buy this t-shirt?






The test on Monday, 23 May will cover the topics of:


The costs and advantages of banks and credit unions
The costs, benefits, and risks of credit cards
The costs, benefits, and risks of debit cards
The costs, benefits, and risks of pre-paid cards
Protecting your identify
Balancing a ledger
Creating and managing a budget

The outline for the unit is as follows:
Personal Finance Unit



CONCEPTS

Budgeting
            Predictable
            Unpredictable
            Predictably Unpredictable
            Foreseeable
Banking
Credit
Saving
Investing

Insurance

SKILLS

Budgeting
Reconciling
Graphing and analyzing compounding interest and growth
Calculating Return on Investment (ROI)


VOCABULARY
Bank Accounts:

Budget
  
Cash flow

Balance

Available Balance

Debit Cards

Credit

Credit Line


Insurance

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