Tuesday, June 2, 2015

Tuesday / Wednesday 2 / 3 June

Students took their final exam.

Students who missed the Financial Choices test were reminded to come take it Wednesday during tutorial.


Monday, June 1, 2015

Monday, 1 June

mr sparkles wishes everyone lots of luck on their final exam!

Class was spent preparing for the final exam. Mr. Zartler answered questtions then asked students to review various topics in small groups.

Thursday, May 28, 2015

Final Exam Topics

The last class of the semester will be final exam day.

The final exam will cover material from the entire course.

Students should bring questions and their notes to class on Monday, June 1st for the semester review class.

Topics on the final will include:

Vocabulary such as: supply; demand; cost; return on investment; producer, consumer; mortgage; compound interest; marginal cost; opportunity cost

Supply & Demand

Supply & Demand in the labor market

Inflation

Marginal Cost / supply / cost / profit and other aspects of production in micro-economics

Taxes / Tax Policy 

Fiscal Policy

Financial Choices

Thursday / Friday 28 / 29 May

Classes took the Financial Choices Unit Test today.

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

Tuesday, May 26, 2015

Thursday / Friday 21 / 22 May

Class finished out study of credit and credit ratings and heard that one of the most important things experts say to do to protect your financial future is to have three to six months expenses on hand (unfortunately, most Americans have about zero months on hand).

We began analyzing the benefits and cost of buying a home. We listened to a podcast describing a new normal in which renting may not be less expensive than owning.

The following graph illustrates some of the costs, ROI, and opportunity costs of a mortgage over ten years:


Next class will focus on mortgages (and insurance); there will be a unit test on Thursday / Friday.

The final exam will be on the last day of class.

Tuesday, May 19, 2015

Tuesday / Wednesday May 19 / May 20

This link can be used to get a broad estimate of your credit score: http://www.myfico.com/fico-credit-score-range-estimator/  You can also Google-it with "free estimate for credit score"