Standard 2.0
Understand and explain the importance and necessity for financial understanding and planning.
Performance Indicator 2.1
Understand key terms related to financial planning and wealth management.
2.1.1 Define and explain the purpose for the following: types of income, budget, taxes, financial statements, interest, credit, risk, insurance, investments, retirement savings, estate planning, and ownership of property.
- Spending:
- NEFE: Module 01 Money Management: Control Your Cash Flow
- Lessons 1-1 Money Habits, Lesson 1-2 Goals, Lesson 1-3, Decisions, Lesson 1-4 Spending Plan, Lesson 1-5 Cash Flow (time permitting)
- Teacher Presentations (Downloaded Powerpoints)
- Complete Student 01 Booklet: Money Management lessons as guided by teacher
- Turn in Booklet
- Lessons 1-1 Money Habits, Lesson 1-2 Goals, Lesson 1-3, Decisions, Lesson 1-4 Spending Plan, Lesson 1-5 Cash Flow (time permitting)
- NEFE: Module 01 Money Management: Control Your Cash Flow
- Budget:
- econlowdown: Unit 5 Budgeting: Lesson 5B: Budget Trade-Offs - A Penny Here and Penny There
- Resources (24 pennies per student, hard-copy handouts 109-110)
- Handout Pages 109-110 and do round 1 & 2
- Use Google Docs to answers on Page 111. Save as Penny Budgeting. Add to Google Classroom
- NGPF: Budgeting #17 Online Activity: Interactive: Living Paycheck to Paycheck.
- Open worksheet from Google Classroom Pages 1-3
- Click on "SPENT" link and fill out worksheet as you perform the steps.
- Turn in to Google Classroom.
- econlowdown: Unit 5 Budgeting: Lesson 5B: Budget Trade-Offs - A Penny Here and Penny There
- Budget
- NGPF: Budgeting: Creating a Salary Based Budget #8
- Open The Salary Based Budgeting Assignment Google Slides
- Open the Salary Based Budgeting Google Sheets (Budget form) and name as directed
- Complete steps as guided by teacher and add Google Sheet to Google Classroom
- (Continued) NGPF: Budgeting: Creating a Salary Based Budget #8
- Open The Salary Based Budgeting Assignment Google Slides
- Open the Salary Based Budgeting Google Sheets (Budget form) and name as directed
- Complete steps as guided by teacher and add Google Sheet to Google Classroom
- NGPF: Budgeting: Creating a Salary Based Budget #8
- Types of Income:
- Taxes:
- Financial Statements:
- Interest:
- Credit:
- Risk:
- Insurance:
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- Investments:
- Retirement Savings:
- Estate Planning:
- Ownership of Property:
2.1.3 Distinguish between an asset and a liability
- EconLowDown: Unit 2: Planning and Tracking: Lesson 2A The Inventory Game- Net Worth and Cash Flow (Pages 19 - 30)
- Activity 1: "Wallet" (45 minutes)
- Activity 2: Net Worth and Cash Flow Worksheets to Calculate Net Worth (45 minutes)