Monday-

Topics:  Credit Bureaus and Identity Theft

Activities:  Students to watch video 4.1 and fill in notes and journal question.  Discussion Questions:  1.  What is a credit bureau?  2.  Typical client of credit bureaus?  3.  How longs does info stay on your credit report?  4.  What are the three main credit bureaus?  5.  How often should you check your credit report for errors?  6.  What issues was the Fair credit Reporting Act intended to address?  7.  Discuss the Fair debt collection practices act.  Identity Theft:  1.  Fastest growing white-collar crime in N. America?  2.  What are some warning signs that you may have had your identity stolen?  3.  What should you do if you think your are a victim?  4. Topics to protect yourself from identity theft?  5.  What should a strong password include?  Students are to then get onto Foundationsu.com and select and listen to an Ask Dave radio call.  Will need to summarize caller’s situation, including financial information needed to make a decision, followed by the advice that Dave gave the caller.  Turn in for a daily grade.

Tuesday-

Topics:  Chapter review over Debt

Activities:  Students to use their notes and book from Google drive to complete the chapter review questions.  If don’t finish in class, for homework.  Due by the first of class Wednesday.

Wednesday-

Topics:  Chapter review over Debt

Activities:  Chapter review questions due.  Students will then participate in a review game to go over topics for test.  Winning team will receive 5 bonus points towards their test grade.  **Test tomorrow**

Thursday-

Activities:  Test over Chapter 4- Debt

Friday-

Topics:  Ch. 4 Test results

Activities:  Go over Ch. 4 Test; students to make corrections to missed questions and turn back in by the end of class.

Monday-Tuesday

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 your largest wealth-building tool? 2.  List the steps to get out of debt.  Refer to sidebar on p. 89 about serious consequences of not repaying debt.  Read and discuss.  Refer 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.

Wednesday-

Topics:  The Credit Score

Activities:  Students to watch video 3.1 and fill in notes and journal questions.  Discussion Questions:  1.  What does FICO stand for?  Refer to chart on p. 90 (5 components)  2.  What are the 5 components of the FICO score? 3.  Can you really live without a credit score?  Activity:  Students to get online and answer the following questions on their own:  1.  Explain what the 5 components of the FICO score mean (Describe)  2.  Range of possible FICO scores  3.  Levels marking bad credit, good credit, etc.  4.  How is manual underwriting an alternative to having to obtain a mortgage with a FICO score?

Thursday–Friday

Topics:  Credit Bureaus and Identity Theft

Activities:  Students to watch video 4.1 and fill in notes and journal question.  Discussion Questions:  1.  What is a credit bureau?  2.  Typical client of credit bureaus?  3.  How longs does info stay on your credit report?  4.  What are the three main credit bureaus?  5.  How often should you check your credit report for errors?  6.  What issues was the Fair credit Reporting Act intended to address?  7.  Discuss the Fair debt collection practices act.  Identity Theft:  1.  Fastest growing white-collar crime in N. America?  2.  What are some warning signs that you may have had your identity stolen?  3.  What should you do if you think your are a victim?  4. Topics to protect yourself from identity theft?  5.  What should a strong password include?  Students are to then get onto Foundationsu.com and select and listen to an Ask Dave radio call.  Will need to summarize caller’s situation, including financial information needed to make a decision, followed by the advice that Dave gave the caller.  Turn in for a daily grade.

 

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.