Personal+Finance

== = = =[|**EverFi - Financial Literacy**]=

=[|HR Block Budget Challenge]=

=__Online Resources__= http://money.cnn.com/pf/ https://www.bettermoneyhabits.com/index.html http://finance.yahoo.com/personal-finance/ http://www.investopedia.com/personal-finance/


 * Week of... || Monday || Tuesday || Wednesday || Thursday || Friday ||
 * January 15 || =No School= || =Finals of First Semester= || =Standard:=

=Learning Target:= Identify Student Knowledge of Financial Tools

=Activities= Welcome Back!


 * Parent Contact Form**

https://platform.everfi.net/registration/login
 * Sign Up for Everfi**

Watch the Overview of EverFi together Describe how we will use the program.

Course Overview an Expectations Discussion

=Check for Understanding= || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:= Students will identify how deposit institutions make money in order to provide financial services for users.

=Activities:= Course Overview an Expectations Discussion

Discussions http://money.cnn.com/2017/06/27/pf/expenses/index.html

https://www.usatoday.com/story/money/personalfinance/2017/04/04/10-incredible-financial-statistics-that-sum-up-the-average-american/99860300/

https://www.fool.com/investing/general/2016/02/01/20-money-stats-that-will-blow-you-away.aspx

=Check for Understanding:= [|Money Management Survey] || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:=

Students will identify the 2 types of Deposit Institutions

Students will compare the two types of institutions to see their similarities and differences.

=Activities:= What do you currently do with your money? Save it - For What Spend it - On What

Paycheck If you made 750 today, what would you do with the money? Discuss.

Why spend? On What? Why Save? How much?

Why use a Bank? - Identify your reasons

Begin Financial Institution Discussion [|Deposit] - [|Interest] - [|Loan] -

What are the primary roles of a bank? What do banks do to make money?
 * In your notes, write a short paragraph Summary about the following 2 questions -**

http://www.investopedia.com/university/banking-system/banking-system1.asp

Discuss Ways Banks make money - Other ways - Fees/Costs to use Services

Banking and the Financial System


Business of Banking

Types of Financial Institutions [|Banks vs. Credit Unions]

=Check for Understanding:=

|| Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
 * January 22 || =Standard:=

=Learning Target:= Students will recognize how banking has changed in the 21st century and recognize how to use the tools available for them at Deposit Institutions

=Activities:= [|Compare Banks and Credit Unions]

Credit Union Benefits http://www.bankrate.com/finance/credit-unions/pros-cons-credit-unions-1.aspx

http://money.usnews.com/money/personal-finance/articles/2015/01/06/the-pros-and-cons-of-a-credit-union-versus-a-bank

Explore Commercial Banks - Examples

Explore Credit Unions - Examples Participation and Questions

Discuss Products and Services from the Deposit Institutions - Credit Unions and Commercial Banks

Wells Fargo, Veridian - Compare what they have for products and services.

Checking Accounts Types of Accounts, Electronic Fund Transfers - Checks, Bill Pay, Debit Card, Transfers, etc.. - Find Examples

Savings Accounts Function and Purpose - Limitations

CD'S Purpose, Advantages and Disadvantages to Savings

[|Wells Fargo] [|Veridian Credit Union]
 * Online/Mobile Banking - Examples**

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
 * What other products and services did you find?** || =Standard:=

=Learning Target:= Students will recognize how banking has changed in the 21st century and recognize how to use the tools available for them at Deposit Institutions

=Activities:=
 * Visit E-Bank - Bring something to take notes, and ask questions!**

Goals: Discover the Products and Services at a bank for the customer to be able to use.

What do those products/services provide you with as a customer?

Expectations - Ask questions and engage

=Check for Understanding:= Discussion and Guided Notes || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Students will recognize how banking has changed in the 21st century and recognize how to use the tools available for them at Deposit Institutions

Students will learn how the role of government protects them within the financial system.

=Activities:=
 * What other products and services did you find?**


 * Compare Wells Fargo, Veridian and E-Bank**


 * Checking Accounts, Savings, CD's**


 * Loans and other Credit Services**


 * [|Personal Banker]**

[|Financial Advisor]

[|Investments]

Trusts


 * How are your Deposits kept safe? - Homework**

How it works
 * FDIC** - [|FDIC Video]

[|FDIC - Who is the FDIC?]

What is covered? - Video

[|**NCUA**]

=Check for Understanding:= Discussion and Guided Notes = = || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Students will learn how the role of government protects them within the financial system. = = =Activities:=

**FDIC Formative Check**

What's right for you? How to choose your bank?


 * Discover Fees, Restrictions, Convenience at the Institutions - WF, Veridian, Earlham Savings**

Share my decisions - Experiences

Individual Discovery - Assigned an Institution

Complete for Tomorrow = = =Check for Understanding:=

= = || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Students will demonstrate knowledge of products and services are available to the financial user and identifying the the correct deposit institution for their needs.

=Activities:= In Groups - Clarify bank/credit union findings and make sure they have been correctly discovered.

Google Presentation - Deposit Institutions

Presentations on Tuesday and Wednesday if needed. = =

=Check for Understanding=

Institution Worksheet Findings

Choosing a Deposit Institution Presentations - Formative

Choosing a Deposit Institution Reflection - Summative || Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
 * January 29 || =Standard:=

=Learning Target:= Students will demonstrate knowledge of products and services are available to the financial user and identifying the the correct deposit institution for their needs.

=Activities:= Short FDIC/NCUA Discussion


 * Share Links from Each Group**



Complete their Presentations - Work Time
=__Check for Understanding:__= =**EverFi - Banking Module - Due Friday**=

=Presenting Deposit Institutions - Due Tomorrow=

=**Choosing a Deposit Institution -** **Due on Friday**=

= = || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:= Students will compare and contrast the different deposit institutions in order to determine the best financial choice for their situation.

=Activities:= Presenting Deposit Institutions

Take notes and ask questions to begin to identify the institution of your choice.

__**Presentations**__ https://docs.google.com/presentation/d/16HIXy1p0rkS8NWbppsZYGbYASHB4HiYD6J5_x9Yz72E/edit?usp=sharing

https://docs.google.com/presentation/d/1JaEHR6WBmlWq19DpJl8uAifrCeQzSqwhVrF_A0jsvq8/edit?usp=sharing

https://docs.google.com/presentation/d/17g6nl8nRwrIoPnK3vkJ6voAmcO8zxqJBrpM0YPS9DM0/edit?usp=sharing

https://docs.google.com/presentation/d/11TQTtm2k7v-CtmJvhi2QajEpNwpp0WH3lR0iLZ-KGYw/edit?usp=sharing

https://docs.google.com/presentation/d/1QhExzNRC6LgyVgHp1Cv-3Ujes1CU5Idbj0rz37vQcDM/edit?usp=sharing

https://docs.google.com/presentation/d/1BwyeD4NdKrG6OJtsoEnj-ykLHj732P8Tk8MoXJUBbic/edit?usp=sharing

https://docs.google.com/presentation/d/1zU6nRfH4k5eltmn6TreoFNEHPsASKxQnUTqcqJsGwJI/edit?usp=sharing

https://docs.google.com/presentation/d/1BlndaKEKs9e9gyjDIYl3As0NvuT66wpSSSy5k80zI0w/edit?usp=sharing

https://docs.google.com/presentation/d/1jbjJjxSJjcI8zXWeVvD2zwbg8AjX5r8qnY5CsoOy20I/edit?usp=sharing

https://docs.google.com/presentation/d/1k1iZAPn2v6lFBPWhEKcFLsuCOZJHv69V_qPCLkeLJb0/edit?usp=sharing

=Check for Understanding:=

Presenting Deposit Institutions
|| =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Students will compare and contrast the different deposit institutions in order to determine the best financial choice for their situation.

=Activities:= Finish Presenting - Last Group

When complete with the presentation, students need to work on the two assignments listed below.

=Check for Understanding:=

=Choosing Your Deposit Institution Due Friday=

=**EverFi - Banking Module - Due Friday**= || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Students will recognize the type of financial institutions to utilize based upon their financial needs and tool necessary.

=Activities:= Discuss Choosing a Deposit Institution

Non-Deposit Institution Discussion - Purpose and Functions Vocab Development - Discuss Definitions Insurance [|Investment] [|Stocks] [|Mutual Fund] Bond IRA - Individual Retirement Accounts 401(k) - First 1:20 Financing or Consumer Credit Durable Good Non Durable Goods

Discover Examples Non Deposit Institutions and their services - What is available? - Any Banking Services?

Prudential New York Life Metlife Northwestern Mutual
 * Life insurance Companies**

State Farm Progressive All State
 * Insurance**

=Check for Understanding:=

=Choosing Your Deposit Institution Due Tomorrow=

=Everfi - Banking - Due Tomorrow= || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Students will recognize the type of financial institutions to utilize based upon their financial needs and tool necessary.

=Activities:=

Fidelity Edward Jones Merrill Lynch Charles Schwab American Century
 * Investment Companies**

https://www.mysynchrony.com/ https://www.toyotafinancial.com/pub/home/ http://www.homemakers.com/visit/financing
 * Consumer Finance Companies**

__Check Cashing Outlets__ __https://checkintocash.com__

[|Mortgage Companies]

__Pawn Shops__ __http://www.pawnamerica.com/pawn-loans.php#__

Watch the following video to understand some of the Federal Reserve's key characteristics.
 * Individual**

[|The FED Video]

=Check for Understanding:=

=Non Deposit Check Monday= || = = = Discuss the Program, What it is for and how we will use the program. = = = = Grading of your Activity - Purpose for You =
 * February 5 || = HR Block Budget Challenge Preparation and Sign Up =

Begin Vendor Selections - Job Bank Rent Auto Loan Auto Insurance

= =

= = || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:= Identify the function of the Federal Reserve and the impact on the financial system. =Activities:=



FED Funds Rate http://www.investopedia.com/terms/f/federalfundsrate.asp

Take notes and identify the highlights about the FED

Pairs Around the room

Quiz on Wednesday

=Check for Understanding:= || =Standard:= Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Identify the knowledge of the Federal Reserve and where we can obtain the financial services that we will use.

=Activities:= =Non Deposit Institution Formative Questions=

[|FED Quiz]

When complete read through the following article about checking account offers. To see if the incentives are enough to open an account.

https://www.moneycrashers.com/best-new-bank-account-promotions-offers/

OR

Complete Missing Work

=Check for Understanding:=

= = || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system.

=Learning Target:= Identify the key features of the checking account and what to consider when opening the account.

=Activities:= Discuss Formative Checks - FED and Non Deposits

= HR Block Budget Challenge Preparation = - Complete Vendor Selections - Navigating the Website - Quizzes, Surveys, Bills, Email Importance

Financial Scenarios - Group Activity and Discuss

=Check for Understanding:= || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system. =Learning Target:= Discover how to open a checking account,

What tools are are provided with when using the account?

=Activities:=

Opening a Checking Account

http://www.bankrate.com/finance/checking/questions-for-choosing-checking-account-1.aspx

https://www.usatoday.com/story/money/personalfinance/2017/08/01/8-questions-to-ask-before-opening-a-new-bank-account/104036696/

Opening a Checking Account Video https://www.youtube.com/watch?v=DApbHzW2QZM

Discuss the Video



Discuss the Benefits and types of checking accounts at Deposit Institutions

Regular vs Interest Checking - Show Example Comparison

Incentives? Checking Account Offers http://www.moneycrashers.com/best-new-bank-account-promotions-offers/

Your Checking Account Choice - Due Monday

|| Evaluate financial services provided by a deposit institution in developing a money management system. =Learning Target:= Discover how to open a checking account,
 * February 12 || =Standard:=

What tools are are provided with when using the account?

=Activities:= What did you discover? - Checking Account Choice

Open their Checking Account - Signature Card and Initial Deposits

Remind them of the process. - Online or Branch

Signature Card

Complete the Google Form for their Signature Card.

Create a Check Register - Spreadsheet - Based on the physical copy

Pass out documents - Register, Checks, Deposit Slips

Make your first deposit - Minimum Opening Balance

Filling out your Check Register/Deposit for the 1st opening deposit

=Check for Understanding:=

=Checking Account Activity= || =Standard:= Successfully maintain a checking account.

=Learning Target:= Identify the tools used to maintain a checking account.

Understand the impact of a transaction on your checking account.

=Activities:= Continue to Maintain your Checking Account

Transactions

First Transaction - $2500 Graduation gift, fill out a deposit slip and record in the check register.

Components of the Check

Check Writing Tips

=Check for Understanding:=

=Checking Account Activity= || =Standard:= Successfully maintain a checking account.

=Learning Target:= Identify the tools used to maintain a checking account.

Understand the impact of a transaction on your checking account.

=Activities:= Writing 3 Checks to your partner, and record each check individually in your check register. - Follow the Transactions

When is a check worth using? What are other options?

Checks - Give to your Partners and Record in your Register

Endorsements Learn how to properly endorse a check - 3 types of endorsements.


 * Endorse each check for tomorrow**

Check # 1048 - Books - Blank 1049 - Car - Restrictive 1050 - Dinner - Special

=Check for Understanding:=

=Checking Account Activity= || =Standard:= Successfully maintain a checking account.

=Learning Target:= Identify the tools used to maintain a checking account.

Understand the impact of a transaction on your checking account.

=Activities:=


 * Period 1:**

Deposit Slip - Checks and take cash back

Record Deposit with Cash Back

Complete all remaining transactions.

Mr. Combs - Leaves at 9:00

Complete all other transactions in your register for tomorrow.


 * Period 2: Report to the library**

Use the Checking Account Keynote (Last Friday's Date) to learn how a deposit plus a cash withdrawal looks on a deposit slip.

Complete all remaining transactions. You will start with #6 and the deposit plus cash withdrawal

=Check for Understanding:=

=Checking Account Activity= || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system.

Successfully maintain a checking account.

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:= Review key concepts from the Financial System Unit.

=Activities:= Check Final Registers for Completion - Check and Deposit Slips, Checks

Discuss Types of Checks

Discuss using Checking Account Features

[|Money Orders]

EFT Options

= HR Block Budget Challenge = First Transactions - Check Register

See me on Monday or Tuesday during Seminar to learn the website and function. || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system.
 * February 19 || = =

Successfully maintain a checking account.

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:= Review key concepts from the Financial System Unit.

=Activities:=

=All students that were gone on Friday, please come in during Seminar today or Tomorrow to complete the first transactions in HR Block Budget Challenge.=

=Also for Instruction that was missed.=

Discuss What Maintaining the account really looks like. Not always chronological.

Discuss the Reconciliation Process - What it is and its importance.

Performing the Reconciliation Process

https://docs.google.com/spreadsheets/d/1YWxusKx-1dWgyVT1Iz_gKEGRaDqLOMWStfZTJGyQ-_I/edit?usp=sharing
 * File Make a Copy and Insert your Opening Balance to update the statement.**

- Use their Register and the Bank Statement Provided to you

Discussion and Questions

=Check for Understanding:=

=Vocabulary and Content Review= || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system.

Successfully maintain a checking account.

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:=

=Activities:=

No School - Ice Storm

=Check for Understanding:=

= = || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system.

Successfully maintain a checking account.

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century. =Learning Target:=

=Activities:= Check Reconciliation Process and Maintaining a Checking Account Activity - Individually

Discuss Review Activities and Clarify and final items for the exam tomorrow.

Multiple Choice Short Answer Matching Application Work - Similar to the Checking Account Activity
 * Checking Account Assessment Prep**
 * Test Format**

Vocabulary Complete a Deposit Slip Write Checks and Endorsing Checks Fill out deposit slips with cash withdrawals Filling out a Check Register Recording Other Transactions Reconciliation Process and Complete the Form Deposit and Non-Deposit Institutions and their products/serivces FED and FDIC || =Standard:= Evaluate financial services provided by a deposit institution in developing a money management system.
 * Knowledge to Prep**

Successfully maintain a checking account.

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:=

=Activities:= =**All Maintaining a Checking Account Work Due Today by beginning of your class period.**=

Review for Assessment

Multiple Choice Short Answer Matching Application Work - Similar to the Checking Account Activity
 * Checking Account Assessment Prep**
 * Test Format**

Vocabulary Complete a Deposit Slip Write Checks and Endorsing Checks Fill out deposit slips with cash withdrawals Filling out a Check Register Recording Other Transactions Reconciliation Process and Complete the Form Deposit and Non-Deposit Institutions and their products/serivces FED and FDIC
 * Knowledge to Prep**

=Check for Understanding:= || =No School= || Evaluate financial services provided by a deposit institution in developing a money management system.
 * February 26 || =Standard:=

Successfully maintain a checking account.

Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.

=Learning Target:= Prepare to Identify the purchases choices for life on your own.

=Activities:= Opening and Maintaining a Checking Account Assessment - Part One

Must complete during the class period

=Check for Understanding:=

=**If complete before the end of the class period, please take the time to study for the remainder of the assessment tomorrow.**=

= = || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the components of the credit process and who is involved.

Identify the different forms of credit available.

=Activities:= Finish Assessments - Part 2

Read when complete.

Article 1 https://features.desmoinesregister.com/news/student-loan-debt-poised-increase/

Article 2

=Check for Understanding:=

= = || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Understand what it takes to earn the ability to use credit.

Know the importance of your Credit Score and what it represents.

=Activities:= Understanding of Credit What is Credit? - Student Examples

Discuss Creditor, Debtor, Types and Trust

Maxed Out - Video and Discussion first 15 minutes

=Check for Understanding:= =Maxed Out Reflection Questions=

= = || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= What data is collected on your Credit Report and what is information used for.

Understand the differences between the two forms of Bankruptcy. =Activities:= Types of Credit - Examples

Users of Credit - Who and for what purpose

Maxed Out - Video and Discussion - 22-31 Minutes

=Check for Understanding:=

=Maxed Out Reflection Questions= || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Understand the differences between the two forms of Bankruptcy.

Identify how credit plays a role in the lives of the consumer. =Activities:=

How do you earn Credit? The 3 C's

Maxed Out - Finish Segment

31-35 Minutes

What do financial institutions look for when determining a loan? Credit History

[|What is a Credit Score]

[|Improve your Credit Score - Categories they look at.]

[|Credit Score]

What information do you provide the creditor?

Credit Card Application https://applynow.capitalone.com/?productId=1844

=Check for Understanding:=

=Maxed Out Reflection Questions= ||
 * March 5 || =Standard:=

Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the differences between the types of bankruptcy for consumer.

=Activities:= =Mr. Combs Gone=

=Credit Score - Everfi Module - Due tomorrow.=

=Check for Understanding:= || =Standard:=

Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Understand the Terms and Conditions of Credit Cards

=Activities:= Credit Score Rankings

https://www.lendingtree.com/mortgage/minimum-mortgage-qualifications-article
 * Homes**

https://www.edmunds.com/car-loan/what-you-need-to-know-about-zero-percent-car-loans.html
 * Cars**

The Credit Report - What is it and What Does it Show?

http://www.investopedia.com/articles/04/122304.asp

[|Credit Report Retrieval]

http://www.investopedia.com/terms/b/bankruptcy.asp
 * Bankruptcy**

Maxed Out - 39 mins -42 mins

48 - 55

Check for Understanding


 * Types of Bankruptcy**

http://www.consumer.ftc.gov/articles/0084-debt-relief-or-bankruptcy


 * Record and Identify the Differences between Ch. 13 and Ch.7 Bankruptcy Laws.** || =Standard:=

Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the types of credit available to Consumers and their features.

=Activities:=

Finish Maxed Out - 48 - 55

Bankruptcy Check and Discuss

Disadvantages of Credit

Discuss current levels of Debt for Families http://www.fool.com/retirement/general/2016/05/08/the-average-american-household-owes-90336-how-do-y.aspx

http://money.cnn.com/2017/02/16/pf/americans-more-debt-in-2016/

https://www.nerdwallet.com/blog/average-credit-card-debt-household/

Advantages of Credit =Check for Understanding:=

=Complete Maxed Out Reflection Questions=


 * Bankruptcy Check**

You need to borrow $100 dollars from Mr. Combs, how does he know that you will be able to pay him back? Utilize the 3 C's, credit information and credit references to explain why you would be able to pay back the loan. This should be a well written paragraph with solid examples.
 * Why should you be able to receive credit? - Assignment**


 * Due Tomorrow** || =Standard:=

Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:=

=Activities:= Finish Advantages and Disadvantages Discussion

Uses of Credit

Discover the Types of Accounts Regular Budget Revolving Installments

Know What Your Signing


 * Follow along with the examples provided to understand the terms and conditions.**




 * Calculating Interest - Most Common**

Average Daily Balance Method - http://www.investopedia.com/terms/a/averagedailybalance.asp || =No School= || Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
 * March 12 || =**Spring Break**= || =**Spring Break**= || =**Spring Break**= || =**Spring Break**= || =**Spring Break**= ||
 * March 19 || =Standard:=

=Learning Target:= Recognize the Terms and Conditions of a Credit Card

=Activities:= __**Credit Card Types**__
 * Standard**
 * Secured**
 * Rewards**
 * Store**

Complete the research on the 2 Regular/Bank Credit Cards that are best in your mind.
 * Credit Card Discovery**

Discuss Options - What do you want to look for?




 * Use for discovering credit card options**

https://www.nerdwallet.com

=Include the HYPERLINK FOR EACH CARD=

If completed early - Review the Credit Card Statement and Terms Definitions for Quiz tomorrow

=Check for Understanding:= Credit Card Discovery || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Discover how to use and maintain the credit card.

=Activities:=

Discuss Credit Cards - Why you chose them.

Share my decisions - My Choices

Establishing Credit
 * Secured Card and Student Credit Cards**

Discover a Secured or Student Credit Card - Examples

Secured https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-secured-credit-cards/ https://www.wellsfargo.com/credit-cards/secured/

Student https://www.discover.com/credit-cards/resources/apply-student-credit-card?ICMPGN_STUD_CAT_ARTICLE1

https://www.discover.com/credit-cards/student/


 * Add to your Credit Card Discovery**

What are the benefits of a store credit card and why are they used?
 * Store Card**

=Check for Understanding:=

=Complete your Credit Card Discovery Document for Tomorrow= || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the characteristics of the different types of loans.

=Activities:= [|Credit Terms/Statement Quiz]

When finished please read the following articles or learn from the following website to enhance your understanding.

https://www.thebalance.com/smart-ways-for-college-students-to-use-credit-cards-960105

https://www.creditcardinsider.com/learn/
 * Select Credit Card Basics and Choose Topics**


 * If time.....**

First Use of Credit?

Terms and Statement Feedback

Finish Laptop Buying Scenario


 * Buying a Laptop for School**

https://www.cnet.com/topics/laptops/products/

https://www.bestbuy.com/site/electronics/computers-pcs/abcat0500000.c?id=abcat0500000

=Check for Understanding:=

= = || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the components of the installment loan.

Understand the characteristics of an Auto Loan and Car Purchase.

=Activities:= Using and Paying a Credit Card

See the credit card in use.

Examples - Discuss the advantages, disadvantages, challenges, dangers, etc...

Q and A



Single Payments Secured Payments Installment Loans
 * Consumer Loans - Reference the Keynote**

Where to go? Bank, CU, Consumer Finance Companies

Auto Loans

Financing Options - Banks, Credit Unions, Consumer Finance, New and Used

=Check for Understanding:=

= = || =Standard:= Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the components of the installment loan.

Understand the characteristics of an Auto Loan and Car Purchase.

=Activities:=

Car Loan Comparison

Compare the loan options - Bank, CU, Dealer

Compare Car Buying Situations - Incorporate Taxes, Down Payments, Title and Registration.

Loan Calculator

=Check for Understanding:=

=Everfi - Payments - Due Next Friday= || <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:=
 * March 26 || =Standard:=

=Activities:=

Discuss the Auto Loan Practice

Decisions in what is the right option. - What to compare.

Monthly Payments/Interest/Maturity Values/Income/Down Payments/Other Financial Situations

Reducing the Maturity Value of your Loan

Bank Rate Calculators https://www.bankrate.com/calculators.aspx

10%-15 of Gross Income Should be spent on a Car (Payment/Insurance/Gas/etc..)

Choice of Loan - Comparison not just solving but what is right?

Scenarios - Use the practice document to analyze

Continue Buying Decisions - What to think about - Other Considerations

= =

=Check for Understanding:= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Recognize the elements of borrowing money and the ending cost of the purchase.

=Activities:=

IA Assessments - 30 minute class periods

Auto Loan - Formative Check Instructions and Work Time = = Due Thursday

=Check for Understanding:= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Recognize the elements of borrowing money and the ending cost of the purchase.

=Activities:= Reducing the Maturity Value of your Loan

Bank Rate Calculators https://www.bankrate.com/calculators.aspx

https://docs.google.com/a/wghawks.school/presentation/d/13hOVIqLiGycTRQMvO2rPywYiLAvx6HRDhQXkI_OC_JY/edit?usp=sharing
 * Car Buying - Things to Consider - Open and Make a copy for your group to share with them.**

http://www.consumerreports.org/cro/2012/12/buying-vs-leasing-basics/index.htm#
 * Buying vs. Leasing - Discuss Advantages and Suggestions for both options.**

=Check for Understanding:=

|| =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.

=Learning Target:= Recognize the elements of borrowing money for buying a home

=Activities:= IA Assessments - 30 minute class periods =Auto Loan Check Due=

https://www.hyundaiusa.com/assurance/america-best-warranty.aspx#3
 * Warranty Offers**
 * Typical Coverage**

What will be offered after you decide on the car?

Examples of Extended Service Plans

Ford https://fordprotect.ford.com/extended-service-plan

Nissan https://owners.nissanusa.com/nowners/navigation/extendedServiceContent

Chevy http://www.chevrolet.com/protection/protection-plan

Create The Expense List
 * What else needs to be considered about owning a car during a year?**

Brand Vehicle Type Features Trade In On the Lot or Delivery New or Used
 * What to look for and consider in a car purchase?**

Wrap up the Car Buying Discussion and discuss what were the right loans to have picked based on the scenario.

=Check for Understanding:=

= = || **Personal Finance Challenge**

https://financechallenge.unl.edu/Iowa/StudentLogin

30 Minutes to complete the challenge - Prize to the Winner - Both Classes


 * When finished, you must do one of the following**

Reworks Missing Work Everfi- Payments Read Personal Finance Articles Below

https://www.moneycrashers.com/financial-tips-college-students-save-manage-money/

https://www.fidelity.com/mymoney/mymoney-at-your-college

https://www.nerdwallet.com/blog/loans/student-loans/top-financial-literacy-tips-college-freshman/ || <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
 * April 2 || =Standard:=

=Learning Target:=

=Activities:= Begin discussing the Home Buying Process

Renting vs Owning a Home https://www.moneycrashers.com/rent-or-buy-a-house/

http://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp

__**Mortgage Basics**__





The Home Buying Process - The Steps

What can I afford? - Practice using the Expense to Income Ratio and Expense to Income.
 * Buying a Home Basics and How Much Can I Afford?**

Ratios - Below the Calculator http://www.bankrate.com/calculators/mortgages/new-house-calculator.aspx

=Check for Understanding:=

= = || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the options for purchasing a home and the requirements of each type of mortgage.

=Activities:=



https://www.youtube.com/watch?v=UiEjly2dUF4&index=8&list=PL7DA6D5A8202C29A2
 * The General Home Buying Process**

Home Buying Steps -Quicken Loans Videos https://www.youtube.com/watch?v=UiEjly2dUF4&index=8&list=PL7DA6D5A8202C29A2


 * Things to Consider and Mortgage Process**

Discuss the types of 2 Primary Types of Mortgages - Conventional and ARM

http://www.bankrate.com/finance/mortgages/the-basics-of-private-mortgage-insurance-pmi.aspx
 * PMI**

[|Conventional] vs [|Adjustable Rate]

=Check for Understanding:=

How Much Can you afford - Check || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Identify the impact that interest, principal, banks/credit unions and the term have on the cost of home.

=Activities:= FHA and VA Loans

Compare - Similarities and DifferencesAdvantages/Disadvantages.= =

https://www.bankofamerica.com/mortgage/mortgage-rates/
 * Discover the impact of interest on a Mortgage**

Sample Home

30 and 15 Year - Conventional

Down Payment Comparisons - PMI


 * Calculating the Cost of a Home - Interest Costs/Differences**

http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx?ic_id=home_smart%20spending_global-nav_mortgage_mortgage-calculator

= = =Check for Understanding:= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Determine the impact of the other costs of the mortgage on your payment and meeting the expectations of the bank.

=Activities:=

__**Questions for Tomorrow**__ https://docs.google.com/document/d/1witfqUE7nKAeWfmFg1AvV_iQkCxKXXJJCSqusDcluk4/edit?usp=sharing

**Solving for the cost of a Mortgage - Groups**

 * Sample Home**

https://docs.google.com/spreadsheets/d/1-DDmTOuI4T1QcVjmFwTkrXTOFmCbxpj27dH2_jNFx8I/edit?usp=sharing
 * Wells Fargo, Veridian, US Bank, Quicken Loans - Period 1**

https://docs.google.com/spreadsheets/d/12XyG3cxu0VxoFO0Aa8EvoVIuu-byBG72C7-8EAl1WJE/edit?usp=sharing
 * Period 2**

__Mortgage Calculator__ http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx?ic_id=home_smart%20spending_global-nav_mortgage_mortgage-calculator

__**Up Front Costs**__
 * Closing Costs/Down Payments**


 * Closing Costs** - 2-5% of loan - Check out Home Buying Guide 101

__**Associated Costs of the Loan - Monthly Costs**__

[|Private Mortgage Insurance] - What is it and the impact? .5 - 1.5% of the loan

__[|Escrow (Accounts) -]__ Summarize the video about Escrow and how it factors into the mortgage process.

https://www.allstate.com/tools-and-resources/videos/typically-covered-homeowners-insurance.aspx
 * Homeowner's Insurance**

Assessed Value http://www.investopedia.com/terms/a/assessedvalue.asp
 * Property Taxes**

Property Taxes - County - Assessors Website http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=home/index

=Check for Understanding:= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Solving for the cost of the home loan.

=Activities:=

Amy Smith from University of Iowa Credit Union.

Mortgage and Credit Fundamentals

=Check for Understanding:= || <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:=
 * April 9 || =Standard:=

=Activities:= Recap Friday's Visit

Write a Thank you to Amy, https://docs.google.com/a/wghawks.school/document/d/12CkBg5HiSpuAxjeJJqqeWgP0sYI8GgsFl-R-KSBohOQ/edit?usp=sharing

[|Mortgage Calculator]

Practice - Home Buying = = Sample Home


 * Identify the Following:**
 * Mortgage Terms**
 * Mortgage Considerations**
 * Loan Costs**

How long will it take to get rid of PMI.

Property Taxes - County - Assessors Website http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=home/index || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.

=Learning Target:= Identify how to minimize the cost of the home

What else goes into the cost of owning a home?

Solving for which home loan is the right and best choice.

=Activities:= Home Loan Formative Check

http://www.iowarealty.com/residential/dmm/557217/8021-garrison-road-clive-ia-50325
 * Home for the Assignment**

Instructions and Clarifications


 * Complete everything but the extra payments on the loan chosen.**

= = =Check for Understanding:= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
 * Due Thursday**

=Learning Target:= Learn from the professional and understand what it takes to become a first time home buyer.

=Activities:=

[|Lower the Maturity Value. - Compare Extra Monthly Payments, Yearly Payments]

[|Home Equity] What is Equity and why would you try to build Equity? .

What goes into the purchase of a home besides a loan and its parts? - Create the List to find the true Cost of Ownership

Finish Discussions on the cost of owning a home.

[|Homeowner's Association] - Costs and what are they for?

[|Refinancing] What does it do for you and why would you refinance?

https://www.zillow.com/mortgage-calculator/refinance-calculator/
 * When to Refinance?**

What goes into the purchase of a home besides a loan and its parts? - Create the List to find the true Cost of Ownership

Finish Discussions on the cost of owning a home.

=Check for Understanding:= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.

=Learning Target:= Identify the cost of your choice of higher education for the time you are in college.

=Activities:= Costs of College https://studentloans.net/student-loan-debt-statistics/

https://studentaid.ed.gov/prepare-for-college/choosing-schools/consider/costs
 * Use the article to discover the costs of college.**


 * Cost of College** - What does college cost? Begin to look into where you want to go and the costs of Room and Board and just living a day to day experience in college.
 * Identify the schools you are interested in OR going to and their costs - Tuition/Room and Board**

[|College Costs]



Look at the Net Annual Costs to get an idea of what you will be having to pay. Tuition and Room/Board

[|College Scorecard]


 * Determine the 4 year cost of college/2 year/etc..**

Discuss all other related costs.

Discuss How to Pay for College - Types of Aid and Options to pay.

Tuition Reimbursement https://www.estudentloan.com/blog/10-companies-will-help-pay-college

http://yescollege.com/2016/06/companies-tuition-reimbursement/

=Check for Understanding:=

= = =**Home Loan Assignment Due**= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.

=Learning Target:= What do students need to consider when deciding how to pay for college.

=Activities:= What is the process of obtaining financial aid? Begin the Process - Videos and Links are contained in the Keynote.

Types of Aid and the Process - Video

The FAFSA - Discuss Senior Experiences, Reminders

- What will you need

What happens after you submit the FAFSA? - Video

=Check for Understanding:=
 * Homework - Watch the video below and write a Reflection regarding what is your plan of paying for college and how that will impact you financially.**


 * Then, what questions do you have about paying for higher education that you want answered.**

__Adam Carroll - Economic Realities of College are Changing__

https://www.youtube.com/watch?v=PpN8KlnU7Fw

= = || <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
 * April 16 || =Standard:=

=Learning Target:= Identify the different ways to pay for higher education.

Understand the process for obtaining student aid/loans.

=Activities:= Share Reflections - Takeaways

https://studentaid.ed.gov/sa/fafsa/next-steps/accept-aid
 * Accepting Aid - The Award Package**

Responsible Borrowing - Video


 * Look at examples of Award Letters**

https://studentaid.ed.gov/sa/types/loans
 * Types of Each Federal Loan**

https://studentaid.ed.gov/sa/sites/default/files/federal-loan-programs.pdf
 * Compare the Loan Programs**

https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized

https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized
 * Borrowing Limits**

https://studentaid.ed.gov/sa/fafsa/next-steps/accept-aid/mpn
 * Master Promissory Note**

https://studentaid.ed.gov/sa/fafsa/next-steps/receive-aid
 * Disbursement of Money - Receiving Aid**

https://studentaid.ed.gov/types/loans/interest-rates
 * Interest Rates and Fees**

=Check for Understanding:= = = =EverFi - Higher Education - Due Wednesday= || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. = = =Learning Target:= Identify the different ways to pay for higher education.

Understand the process for obtaining student aid/loans.

=Activities:=

https://www.youtube.com/playlist?list=PL5C43A3FD801FDF45
 * Repaying your Loan**

https://studentaid.ed.gov/repay-loans

Repayment Understanding https://studentaid.ed.gov/repay-loans/understand

Standard, Graduated, Extended, Income Based https://studentaid.ed.gov/sa/repay-loans/understand/plans

https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action

http://www.bankrate.com/calculators/college-planning/loan-calculator.aspx
 * Student Loans - The Cost**

https://studentaid.ed.gov/sa/types/loans/federal-vs-private
 * Federal vs Private Loans - Interest Rates**

https://wfefs.wellsfargo.com/terms/TodaysRatesFilterServlet

http://www.finaid.org/loans/privatestudentloans.phtml

=Current Realities= @https://www.desmoinesregister.com/story/news/education/2018/03/01/college-expensive-heres-how-stretch-your-money-further/351174002/

https://features.desmoinesregister.com/news/parent-plus-student-loans-college-debt/

=Check for Understanding:= = = || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. = = =Learning Target:= Identify the different ways to pay for higher education.

Understand the process for obtaining student aid/loans.

=Activities:= https://docs.google.com/forms/d/1k-pYM9VyAkKP44wYXETTp_Jxxn9hPX2jhy3okWswarM/viewform?usp=send_form
 * Student Loan Formative Check - Google Form**

=Finish All Missing Work=

Assistance on any Credit Topics, Practice Work, Vocabulary



=Check for Understanding:=

= = || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Review All Credit Topics

=Activities:= Vocabulary/Content Review - Kahoot

=Check for Understanding:=

= = || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:= Review All Credit Topics

=Activities:= =**All Work and Rework Due by 3:00**=

Review, Reworks, complete missing work.

=Check for Understanding:= = = || <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit. =Learning Target:=
 * April 23 || =Standard:=

=Activities:=

=Credit Assessment Part 1=

=Check for Understanding:=

= = || =Standard:= <span style="background-color: rgba(0,0,0,0); color: #000000; font-family: Cambria; font-size: 16px; text-decoration: none; vertical-align: baseline;">Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.

=Learning Target:=

=Activities:=

=Finish Credit Assessment=

=Check for Understanding:=

= = || =Standard:= Identify various forms of income and analyze factors that affect income as a part of the career decision-making process =Learning Target:= Identify the 4 taxes taken from our paychecks

Know why they are taken and what they go towards.

=Activities:=
 * What to look for in employment and getting hired.**

http://blog.aftercollege.com/top-benefits-to-look-for-in-your-job-hunt/
 * Extrinsic Benefits**

https://collegegrad.com/jobsearch/successful-job-offer-negotiation/evaluating-your-benefits-package
 * Read through the different examples for Understanding**

Taxes Incentive Benefits, Common Benefits and Characteristics


 * Employee Benefits on the job, day to day.**

https://www.youtube.com/watch?v=1d8_lkiH7zs
 * Watch the Video Below**

The Hiring Process - The first steps - Determine Benefits and other Items to Select. - Go through a new hire packet.

https://www.aboutschwab.com/images/uploads/inline/Charles_Schwab_Benefits_Guide_2018.pdf = = =Check for Understanding:=
 * Benefits Package Example**
 * Finish Extrinsic Benefits**

Put your top 5 list together of benefits that you want in your future career. || =Standard:= Identify various forms of income and analyze factors that affect income as a part of the career decision-making process =Learning Target:= Discover the things to consider in looking for your career and what the career has to offer.

=Activities:= How you are paid?

How often you are paid?

https://www.bettermoneyhabits.com/taxes/how-taxes-affect-paycheck/how-to-fill-out-w4.html
 * Complete the W-4's - Watch the video for assistance then complete the Federal W-4 for Monday.**


 * Determine the number of Allowances to claim on the W4.**

Federal and State W4 [|Iowa W4]

[|Federal W4]

Allowances - Questions???

Check W-4s - Questions???

[|How to claim Tax Exempt]

Read p. 10-11 to learn about you qualify for Exemption. - Take Notes

[|Iowa W-4 - Exempt] What qualifies you for exemption from Iowa Income Tax? - Take notes on the different possibilities.

Employee Tax Responsibilities

=Check for Understanding:= =Discussion= || =Standard:= Identify various forms of income and analyze factors that affect income as a part of the career decision-making process =Learning Target:= Understand what you provide to your employer in regards to tax information.

Complete a W-4 with the correct information in regards to determining your allowances.

=Activities:=

Discuss Schedule for Next Week - MAP Testing and My Absences.

http://www.investopedia.com/terms/f/federal_income_tax.asp
 * Federal Income Tax**

http://www.cnbc.com/id/26941466/page/1


 * State Income Tax**

http://statelaws.findlaw.com/iowa-law/iowa-personal-income-tax-laws.html

http://www.cbpp.org/research/policy-basics-where-do-our-state-tax-dollars-go

https://ballotpedia.org/Iowa_state_budget_and_finances

Social Security - Who receives it, what is it for, 6.2%, its current problem.

Medicare - Who receives it, what is it for, 1.45%

The Paycheck - What does it show and what is removed? Taxes and Pretax Deductions Take notes on the 4 Taxes taken from your paycheck for

__**Benefits and Other Deductions**__ Health Insurance, Retirement, Flex Spending (Daycare/Health), others - Tax Benefits

Savings Calculator - PreTax Savings https://ffcalcs.com/pretax_savings

Use HR Block Budget Challenge and my Pay Stubs

End of the Year - Receiving your W2

Understanding the W-2 - Look at a Sample W-2 http://mybissim.com/wp-content/uploads/2016/09/printable-w2-form-yte3dofe.jpg

Preparing for your Taxes - What to collect and hang on to?

http://blog.turbotax.intuit.com/tax-planning-2/5-common-tax-forms-you-should-expect-in-the-mail-16106/

Deductions vs Credits https://www.nerdwallet.com/blog/taxes/tax-credit-vs-tax-deduction/

Common Deductions and Credits https://www.irs.gov/credits-deductions/individuals

Discuss Free Filing Options https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free

Discuss why people choose not to do their own taxes.

Prepare for the Tax Assessment || Identify various forms of income and analyze factors that affect income as a part of the career decision-making process =Learning Target:= Understand the components of the paycheck and what is removed.
 * April 30 || =Standard:=

Identify what to be aware of in preparing for your taxes during and at the end of the year.

= = =Activities:=

=**Savings - Everfi Module - Complete by Friday**=

=**Investment -** **EverFi** **Module - Complete by Monday**=

=Check for Understanding:= Discussion || =Standard:= Identify various forms of income and analyze factors that affect income as a part of the career decision-making process =Learning Target:=

=Activities:= =Changes to the Tax System - What it means for you=

https://www.cnbc.com/2018/02/16/10-tax-changes-you-need-to-know-for-2018.html

=Kahoot - Tax Review=

=Discuss the Reading - What did you take away?=



What to save for? - How do you determine your goals? Share My Savings Plans

Savings Goals -Describe your way of obtaining the goal established. How are you going to about reaching to your goals?

Ways to Save - Suggestions, Goals, My Process, The Suggested Amount - (10, 15, 20%?)

1.) Create your Savings Goal - Image and Amount, describe your plan for saving. Be detailed so you know how to accomplish the savings goal. || =Standard:= Identify various forms of income and analyze factors that affect income as a part of the career decision-making process

=Learning Target:=

=Activities:=

**Mr. Combs - Gone**
=Income and Tax Assessment=

When complete Read the following article about savings.

http://fortune.com/2016/01/06/savings-unexpected-expenses/
 * Savings Challenges**

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

**Mr. Combs - Gone**
=Complete Everfi - Modules=

=Savings and Investments=

=Check for Understanding:= || =Standard:= Evaluate savings and investment options to meet short- and long-term goals.

=Learning Target:= Understand the features of the 3 primary investment tools in growing your money.

=Activities:=
 * Savings and Investing - Growing your Money**

What do we save for? Why? - My Examples

What savings tool (Savings Account, CD's, at home)?

[|Research Savings Account Rates]

[|Compound Interest Calculator]

Savings Scenarios - Use a Savings Calculator to recognize the differences in savings plans. $50, $100, $150

Safety, Yield, Liquidity
 * Savings vs. Investing**

Why and Ways to Invest - Retirement and for Growth.


 * Investment Research - Complete the Guided Notes Investments and Retirement Accounts.**



https://www.youtube.com/watch?v=JrGp4ofULzQ http://www.investopedia.com/university/stocks/?rp=i http://www.investopedia.com/university/introduction-to-dividends/
 * Stocks**

http://www.investopedia.com/video/play/introduction-mutual-funds/ http://www.investopedia.com/university/mutualfunds/
 * Mutual Funds**

http://www.investopedia.com/video/play/understanding-bonds/ http://www.investopedia.com/university/bonds/bonds2.asp
 * Bonds**

=Check for Understanding:= Notes due Monday

=**Investment -** **EverFi** **Module - Monday**= ||
 * || [[file:Personal Income Taxes.pdf]]

Allowances vs Exemptions - Record the differences in your notes. http://smallbusiness.chron.com/allowances-vs-exemptions-32356.html

Practice Completing the 1040EZ

For those absent or need more assistance Use the video to assist you in its completion - Watch together and use the sample W2 document.

https://www.bettermoneyhabits.com/taxes/planning-your-taxes/filling-out-1040ez.html

Instruction Manual - 1040EZ || What form should you use? http://www.irs.gov/taxtopics/tc352.html 1040EZ, 1040A, 1040

Online Tools available, why online and not traditional forms || = Standard: = Identify various forms of income and analyze factors that affect income as a part of the career decision-making process

= Learning Target: = Complete the 1040 EZ Tax Return

= Activities: =

Page 5 What's New? Use pages, 10-23 to assist you and follow the line by line instructions.

Required Practice - Fill out the 1040EZ on the computer. - Make sure to SAVE IT!!!!!

[|1040EZ] [|INSTRUCTIONS FOR 1040EZ]

Use the W2 below to assist you.

Cicely is Single and not a dependent.

= Check for Understanding: = Assignment - Due Tuesday -

[|1040EZ] [|INSTRUCTIONS FOR 1040EZ]

|| Discuss Credit Assessment

Check over work - Discuss any questions for the 1040EZ





Analyze HR Block Budget Challenge W2 information || = Standard: = Identify various forms of income and analyze factors that affect income as a part of the career decision-making process

= Learning Target: = Understand the process of filing your taxes

= Activities: = [|INSTRUCTIONS FOR 1040EZ]

= =

= Check for Understanding: = || Evaluate savings and investment options to meet short- and long-term goals.
 * May 7 || =Standard:=

=Learning Target:= Understand the basic retirement plan options and its characteristics.

Identify the benefits of starting to plan for your retirement as early as possible.

=Activities:= Discuss Investment Notes - Stock Prices

Discuss the purpose, choices, reasons to invest compared to saving tools. https://www.investopedia.com/terms/c/capital_gains_tax.asp

http://money.cnn.com/2018/03/29/retirement/no-retirement-savings-millennials/index.html
 * Begin Retirement Research - Build from Investment Discovery**

https://www.fool.com/investing/2017/04/21/the-average-cost-of-retirement-is-738400-will-you.aspx
 * Why plan for retirement now?**

Retirement Guide - http://money.cnn.com/retirement/guide/?iid=EL




 * Retirement** Options to Discuss- 401(k) or 403(b), IRA, Roth IRA, Pensions

money.cnn.com/retirement/guide/IRA_Basics.moneymag/index.htm
 * Retirement Research Links**
 * IRA** -

https://www.fidelity.com/retirement-planning/learn-about-iras/what-is-an-ira

https://www.wellsfargo.com/investing/retirement/ira/traditional-or-roth-ira/

www.investopedia.com/terms/i/ira.asp

http://www.investopedia.com/terms/i/ira.asp
 * Traditional IRA**

http://money.cnn.com/retirement/guide/IRA_traditional.moneymag/index.htm?iid=EL

http://money.cnn.com/retirement/guide/IRA_Roth.moneymag/index.htm?iid=EL
 * Roth IRA -**


 * 401(k**)

https://www.youtube.com/watch?v=tP4zWCS4dMM

https://www.irs.gov/retirement-plans/401k-plans

money.cnn.com/pf/money-essentials-401k-investing/index.html

money.cnn.com/retirement/guide/401k_401kplans.moneymag/

money.cnn.com/retirement/guide/401kandCos/?iid=EL


 * 403(b)**

http://www.investopedia.com/university/retirementplans/403b/

https://www.irs.gov/retirement-plans/irc-403b-tax-sheltered-annuity-plans

money.cnn.com/retirement/guide/401k_403bplans.moneymag/index.htm?iid=EL

http://www.investopedia.com/terms/p/pensionplan.asp
 * Pensions -**

[|**IPERS**] -

=Check for Understanding:=

=Investment and Retirement Notes - Due Tomorrow= || =Standard:= Evaluate savings and investment options to meet short- and long-term goals.

=Learning Target:= Understand the basic retirement plan options and its characteristics.

Identify the benefits of starting to plan for your retirement as early as possible.

=Activities:= Prepare for Assessment - Check through their notes, complete notes, complete Everfi Modules. Compare with others.

Savings Goals, Tools, Strategies

401(k), IPERS, Roth IRAs, IRAs

Mutual Fund, Stocks, Bonds

https://www.fool.com/investing/2017/04/21/the-average-cost-of-retirement-is-738400-will-you.aspx
 * Share Average Retirement Accounts - Compared to Expected Average Amount**

https://www.investopedia.com/articles/personal-finance/010616/whats-average-401k-balance-age.asp

https://www.cnbc.com/2017/04/07/how-much-the-average-family-has-saved-for-retirement-at-every-age.html

https://www.usatoday.com/story/money/personalfinance/2017/04/04/10-incredible-financial-statistics-that-sum-up-the-average-american/99860300/

http://time.com/money/4357248/retirement-401k-vanguard-balance/

Add in Social Security https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf

Retirement Calculators http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx

http://www.bankrate.com/calculators/retirement/roth-ira-plan-calculator.aspx

=Check for Understanding:=

Investment and Retirement Notes for Review

Savings - Notes

Prepare for the assessment. || =Standard:= Evaluate savings and investment options to meet short- and long-term goals.

=Learning Target:= Understand the basic retirement plan options and its characteristics.

Identify the benefits of starting to plan for your retirement as early as possible.

=Activities:= = = =Savings, Investment and Retirement Assessment=

Prepare for insurance conversation tomorrow. Learn the insurance vocabulary below. Please come prepare with Questions for our guest tomorrow.

Insurance Vocabulary



Coverage Premium Deductible Claim

=**Check for Understanding**=

|| =Standard:= Analyze choices available to consumers for protection against risk and financial loss. =Learning Target:= Identify the characteristics of Auto and Renters Insurance.

=James Lunders - State Farm Insurance=



Discover Notes and Learning about Renters and Auto Insurance

Read through the following websites about Car and Renter's Insurance to finish your guided notes.

http://www.statefarm.com/insurance/auto_insurance/coverage/coverage.asp
 * Car Insurance - Vocabulary Understanding**

http://www.bankrate.com/finance/insurance/car-insurance-quotes-how-to-understand-them.aspx
 * Read a Car Insurance Quote**

http://www.statefarm.com/insurance/renters/renters.asp
 * Renter's Insurance**

https://www.allstate.com/tools-and-resources/know-your-policy/renters/renters-overview.aspx
 * Renter's Insurance Terms - Use the Links on the right side to learn more**

https://happycityliving.files.wordpress.com/2011/04/harlem-insurance-chart.jpg
 * Renter's Insurance Quote Examples**

https://www.allstate.com/tools-and-resources/know-your-policy/renters/renters-how-to-read-policy.aspx

=Renters and Auto Insurance=

|| ====**Mr. Combs - Gone Sectional Golf**====

=Seniors - Study for Finals, including insurance terms and Auto/Renters=

=**Juniors - Complete Below**=

=Standard:= Analyze choices available to consumers for protection against risk and financial loss. =Learning Target:= Identify the characteristics of Auto and Renters Insurance.

=Activities:=

Other Insurance Options Life Insurance

[|Life]

http://www.newyorklife.com/products/term-life-insurance-and-whole-life-insurance
 * Term vs Whole(Permanent)**

[|Health Insurance]

http://www.naic.org/documents/committees_b_consumer_information_hhs_dol_submission_1107_soc_populated.pdf

[|Dental Insurance] https://www.deltadentalia.com/webres/File/individual/indprefprime-sum.pdf

https://www.avesis.com/maricopa/pdf/maricopa_county_benefit_summary.pdf
 * Vision - Example Benefits**

https://www.lifehappens.org/videos/disability-insurance-101/
 * Disability**

[|Disability]

http://www.mutualofomaha.com/disability-insurance/learn/product-overview/short-term-disability.php
 * Short Term**

http://www.mutualofomaha.com/disability-insurance/learn/product-overview/long-term-disability.php
 * Long Term**

=Check for Understanding:= Complete all Insurance Guided Notes for tomorrow

=Check for Understanding:=

|| = = =Senior Final Part 1 - Must complete during class.=
 * May 14 || =Mr. Combs - Gone Sectional Golf=

=Juniors=

=Standard:= Analyze choices available to consumers for protection against risk and financial loss.

=Learning Target:= Identify other insurance options to help protect your financial health.

=Activities:= __**Juniors**__

__**Take Insurance Check**__ || =Senior Final Part 2=

Juniors

__**Discuss All Insurance Items Together - Clarify and complete a formative check**__

__**Essentials will be assessed on the final**__

Budgeting Basics https://www.youtube.com/watch?v=Zfo3-UUMF3c

https://bettermoneyhabits.bankofamerica.com/en/saving-budgeting/creating-a-budget

|| =Standard:= Apply a decision-making model to maximize consumer satisfaction when buying goods and services. =Learning Target:= Prepare to build a budget in recognizing the costs of living and everyday life.

=Activities:= Complete the Word Document and determine the budget together

https://docs.google.com/a/wghawks.school/spreadsheets/d/1_HKgSojQqbzHZRgXIyZlCDpxHPbhafRpGNh7J4yva58/edit?usp=sharing
 * Budget Template**

Groceries Gas Entertainment Others
 * Discuss Estimations**

=Check for Understanding:= || =Standard:= Apply a decision-making model to maximize consumer satisfaction when buying goods and services. =Learning Target:= Prepare to build a budget in recognizing the costs of living and everyday life.

=Activities:=

https://docs.google.com/a/wghawks.school/spreadsheets/d/1_HKgSojQqbzHZRgXIyZlCDpxHPbhafRpGNh7J4yva58/edit?usp=sharing
 * Budget Template**

Finish their Budget

=Check for Understanding:= || [|Kahoot! Study Quiz]

=Check for Understanding:= ||
 * May 21 || =Finals 1, 3, 5,=

=Part 1 - Final=

Part 2 - Paper Copy

When complete, please take the course evaluation for Mr. Combs

Student Evaluation of the Course
Thanks! || =Finals Periods 2, 4, 6=

Part 1 - Final

Part - Paper Copy

When complete, please take the course evaluation for Mr. Combs

Thanks! || =Finals 7 and 8= ||  ||   || Apply a decision-making model to maximize consumer satisfaction when buying goods and services. =Learning Target:= Prepare to build a budget in recognizing the costs of living and everyday life.
 * || =No School= ||  || =Standard:=

=Activities:= Finish Budget Conversations

Prepare for Budgeting Plan

= =

=Check for Understanding:= = =

= = || =Standard:= Analyze choices available to consumers for protection against risk and financial loss. =Learning Target:=

=Activities:= Insurance Assessment



=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:=

=Finish Budget Activity and Feedback=

Complete the spreadsheet and discuss how the budget would change if a life event happens = = =Check for Understanding:=

||
 * || Begin Review

Discuss the Final Format || [|Kahoot! Study Quiz]

Review on your own ||  ||   ||   || Evaluate savings and investment options to meet short- and long-term goals.
 * || =Standard:=

=Learning Target:=

=Activities:=

=Check for Understanding:=

Discuss Findings - Retirement and Investments - Check for Understanding

Prepare for the Future - Savings, Investments and Retirement. - Things to Consider - The Critical List

=Risk Tolerance=
 * Do you need or have to Invest?**

Learning your Risk Tolerance - Discuss Risk Tolerance and Options, choices for saving money

Principal Pyramid - Discuss how to protect and determine your financial plans.

=Assessment Monday= || =Standard:= Evaluate savings and investment options to meet short- and long-term goals.

=Learning Target:=

=Activities:=

=Check for Understanding:=


 * Stock Assignment** - Research and Pick 3 Stocks to see the potential for growth - We will find a winner on the last day of the semester.



Yahoo! Finance

Google Finance

What to look for? http://www.investopedia.com/financial-edge/0411/5-essential-things-you-need-to-know-about-every-stock-you-buy.aspx

http://www.marketwatch.com/story/how-to-choose-a-stock-1305567953708

Review and finish Stock Chart and explanation why.

Save Until your Final ||  ||   ||   ||

<span style="display: block; height: 1px; left: -40px; overflow: hidden; position: absolute; top: 4735.5px; width: 1px;">https://www.deltadentalia.com/webres/File/individual/indprefprime-sum.pdf