Monday-
Topics: Test Review
Activities: Chapter review due. Students will then be divided into teams to compete in Test review game. Winning team will get 5 points added to test grade.
Tuesday-
Ch. 4 Test- Debt
Wed-Friday-
Out for Thanksgiving holidays!
Monday-
Topics: Debt vs. Wealth Building
Activities: Students will get back into groups from Friday and finish the Debt Snowball activity. Will come together and discuss when finished.
Tuesday-
Topics: The Credit Score
Activities: Students to watch video 3.1 and fill-in notes and journal question. 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?
Wednesday-
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 long 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 Fai 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 you are a victim? 4. Tips to protect yourself from identity theft? 5. What should a strong password include?
Thursday-
Out for state volleyball tourney
Friday-
Topics: Chapter review
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 first of class Monday.
Monday-Tuesday-
Topics: Review of Friday’s material (The truth about car loans)
Activities: Students to complete the “Drive Free” activity using the Internet and a calculator.
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) 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 ether 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 questions: 1. What is your 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.