Monday-Tuesday

Topics:  How to pay cash for your car; car leasing

Activities:  Students will watch video 2.2, filling in blanks on notes.  Will go over any missed blanks then students will answer the journal question: “Explain how the “drive free” method of buying a car works.” Discuss.  Other discussion questions:  1. How does having a car payment stand in the way of building wealth?  2.  Besides payments, describe 2 additional ways you lose when buying a new car?  Show video 2.3, students to fill in blanks on notes.  Will go over any missed blanks then students will answer the journal question: “Explain why leasing is a bad idea?”  Discuss.  Refer students to sidebar on p. 84.  Read aloud and discuss.  Other discussion questions:  1.  What does it mean to be upside-down on a credit purchase?  2.  What are some of the myths regarding car leasing?  Students to then complete the “Drive Free” activity on their own using the Internet and a calculator.  If don’t finish in class, due at the first of class Wednesday.

Wednesday-

Topics:  Buying a House

Activities: Students to watch video 2.4 and mark fill-ins on notes.  Discussion questions:  1.  Wise decisions you should make when buying a house?  Refer to graph on p. 85 (15 or 30-year mortgage).  Refer students to sidebar on p. 85.  Read and discuss.  2.  Fixed versus variable rate mortgages?  Refer to sidebar on p. 86 (Mortgages to avoid)  3.  Why are reverse mortgages a bad idea?  Activity:  search for a home to buy.  Students will then use a calculator and/or mortgage calculator to determine the following:  10% down payment  2.  Payments on the home if get a 15-year fixed rate loan at specified interest rate  3.  What take home pay would I need to make in order to keep the house payment at or below 25% of take home pay.

Thursday-

Topics:  Credit cards

Activities:  Students to watch video 2.5 and mark fill-ins on notes and answer journal question.  Discussion questions:  1.  Why are teens such a huge target for credit card companies?  2.  Studies show that people spend 12-18% more when using credit cards.  Why is that?  Activity:  Students are to find three credit advertisements (Ex.  car loans, credit cards, title pawn, etc.).  Students are to print advertisements then write three statements for each ad that either refute a claim or point out a negative reality of the debt product that the ad fails to reveal.

Friday-

Topics:  Debt vs. Wealth-Building

Activities:  Students to watch video 2.6 and mark fill-ins on notes then answer the journal question.  Discussion question:  1.  What is you largest wealth-building tool?  2.  List the steps to get out of debt.  Refer students to sidebar on p. 89 about serious consequences of not repaying debt.  Read and discuss.  Refer students to article “What about credit card rewards?”  on p. 88 in textbook.  Read and discuss. 3.  What is the debt snowball?  How does it work?  Activity:  The Debt Snowball.

 

 

 

Monday–

Topics:  Debt-  Product, Not privilege

Activities:  Discuss Learning Outcomes for Section 1.  Complete Measure your progress (Before).  Watch Video 1.1.  Students to take notes and answer journal question.  Discuss video content.  Then read and discuss “The Devastating Effects of Credit.”  Watch Video 1.2.  Students to take notes and answer journal question.  Discuss.

Tuesday-Wednesday

Topics:  Hidden Costs of Credit

Activities:  Finish discussing second video from Monday.  Refer students to sidebar on p. 78.  Discuss.  Pull up and show national debt clock on foundationsU.com/clock and discuss national debt, elections, etc.  Students will then pick a partner and complete the “Hidden Costs of Credit” activity.  Discuss if time allows.

Thursday-Friday

Topics:  Debunking the Credit Myths; money myths

Activities:  Discuss Learning outcomes for Section 2.  Video 2.1-  students to fill in blanks in notes during video, then complete the journal questions.  Discussion Questions:  1.  Explain why cosigning a loan for a friend or relative is never a good idea. 2.  What is predatory lending?  3.  Why are people drawn to predatory lending companies?  Activity:  “Realities of Cash Advance”.

 

 

 

Monday-

Topics:  Review Ch. 3 material

Activities:  Students will participate in basketball test review game.  Winning team will receive +5 bonus points on their test.

Tuesday-

Activities:  Ch. 3 Test-  Budgeting

Wednesday-

Topics:  Test results; objectives for next section (Debt)

Activities:  Students will define the vocabulary for Ch. 4 on a sheet of paper using online book.

Thursday-

Topics:  Debt:  Product, Not privilege

Activities:  Discuss Learning Outcomes for Section 1.  Complete Measure your progress (Before). Watch Video 1.1.  Students to take notes and answer journal question.  Discuss video.  The read and discuss “The Devastating Effects of Credit.”  Watch Video 1.2.  Students to take notes and answer journal question

Friday-

Topics:  Debt:  Product, Not privilege

Activities:  Go back through fill-ins for 2nd video for section 1.  Discuss video content.  Refer students to sidebar on p. 78.  Discuss.  Pull up and show national debt clock on foundationsu.com/clock and discussed national debt, elections, etc.  Students will then pick a partner and complete “Hidden Costs of Credit” activity. Discuss if time allows.

 

Monday-

Topics:  Zero-Based budgets

Activities:  Students will receive “The Student budget” activity sheets.  We will go through scenario one and create a zero based budget for Marcus together as a class.  We will then go through how to calculate income for second scenario (Jenna) since it involves overtime pay.  Students will then be responsible for finishing the budget for Jenna as well as create a zero-based budget for themselves using their complete cash flow plans.  If don not finish in class, for homework.  Due by the first of class Tuesday.

Tuesday-

Topics:  Zero-based budgets

Activities:  Zero-based budgets due.  Will go through budget for Jenna.  Class will then be divided into groups of 4-6.  These groups will represent families of different makeups.  Each group will draw for their personal makeup.  Students will then choose a family name and names for family members.  Each group will record this information on the Student Activity Sheet.  Next, each group will draw for their annual income.  Students will need to divide this income by 12 (to determine their monthly income for budget purposes) then multiply that figure by .80 to get their monthly income after taxes.  After income is determined, each group will work together to create a zero-based budget based on the needs of their assigned family.  MUST include the basics for shelter, utilities, food, transportation, and clothing.  Also need to contribute some to savings to build an emergency fund.  All left-over money can be divided according to their family’s needs.

Wednesday-

Early release day–  Class will be given the opportunity to work on any assignments that they are behind on.

Thursday-

Topics: Review of Ch. 3 material

Activities:  Students are to complete the Ch. 3 Summary and Money in Review using their notes and their online book.  If don’t finish in class, for homework.  Due by the first of class Friday.

Friday-

Topics:  Reinforcement of Ch. 3 material

Activities:  students will be broken up into groups and given a scenario to read and discuss.  They must come up with, as a group, some possible solutions to the presented problems as well as answer any other questions that were given in scenario.  Students will then present their scenario and solutions to the class.  Afterwards, students will be directed to foundationsU.com.  They will need to click on the High School link and go to FPP Radio Calls.  They will then need to choose one radio call to listen to.  On a sheet of paper, they will need to write which radio call topic they chose, summarize the caller’s question/situation, and Dave Ramsey’s advice to them.  Due by the end of class.