Unit 6 Exam

EQ - Why is it important to monitor and protect your credit rating?

1. Recap of Friday & Monday
2. Q & A
3. Unit 6 Exam
4. Credit Story Show and Tell (if time permits)

Credit Story

EQ - How can I apply my understanding of credit to compose a creative story that informs others of how credit works?

1. Apply Your Knowledge – Partnership Activity
1. Open Google Docs
2. Add your responses to your most recent document.
2. Credit Story Project - Review the directions as a class
1. Choose at least 15 vocabulary terms learned throughout the Credit Unit
2. Compose a story that indicates an understanding of each term’s meaning
3. Design rough draft illustrations for your story
4. Create the final draft of your entire credit story (Due Tuesday at the start of class).
3. REMEMBER - Organize your thoughts and compose a creative story that describes important elements of credit that we have discussed in class.  You may (but are not limited to) include the following information:
1. Description of Credit
2. How credit works
3. Credit Reporting Agencies
4. Credit Scores
5. Bankruptcy
4. This story should be written in Google Docs
1. Your password is Capital DSD and your lunch Code (DSD12341242)

Managing Credit

EQ - How can poor credit management impact your personal financial situation?

Lesson PowerPoint

1. Activator - Brainstorm 3-5 signals that show a person is getting into financial trouble with credit.
2. Discussion Question - What can a person do to improve a troubling financial situation?
3. Intro - Credit Counseling
1. What is credit counseling?
2. How does credit counseling work (Key activities)?
3. Where can you find assistance?
4. Muddy Points
4. TPS: Bankruptcy - 2 Forms
1. Foldable
1. Type of bankruptcy (Defined/What?)
2. How does it work?
3. Benefits?
4. Drawbacks?
5. Knowledge Check
1. Identify 7 warning signs that a person is in financial trouble.
2. Explain the 2 main activities of the CCCS?
3. Describe two options when declaring bankruptcy.
4. Why might it be easier for someone to obtain credit if they have filed Chapter 13 bankruptcy instead of Chapter 7 bankruptcy?  Support your answer with specific details from the entire Credit Unit.
5. Managing Debt - Credit decision making
6. Debriefing
7. Muddy Points

5 C's of Credit Continued

EQ - What are the 5 C's of Credit

1. Activator - Splashdown w/ Q & A
2. Credit Report Quiz
3. A closer look at Credit Scores
1. PPT
2. Actively Read
3. Formulate Questions
4. Refresher - The 5 C's of Credit
1. List
2. Describe
5. Create a scenario that illustrates a person who is considered to be creditworthy AND incorporate the following information:
1. The 5 C's
2. Information found on a credit report
3. Credit Score information

The 5 C's of Credit

 EQ - How does your credit score impact your personal finances?

1. Activator - Credit Card Trivia
1. Collaborative Pairs
2. Keep track of your score
2. A closer look at Credit Report 
1. Reading a Credit Report  
2. Discussion Question - What information is found in the credit report?
3. Sample Credit Report - Experian
3. A closer look at Credit Scores
1. PPT
2. Actively Read
3. Formulate Questions
4. Refresher - The 5 C's of Credit
1. List
2. Describe
5. Create a scenario that illustrates a person who is considered to be creditworthy AND incorporate the following information:
1. The 5 C's
2. Information found on a credit report
3. Credit Score information

Credit Song Performance

1. Activator - List 5 elements of the previous 3 class periods
2. Credit Song Preview
3. Performances
4. Credit Card Trivia (if time permits)

Credit Reports

EQ - How are credit reports created?

1. Activator: What is the greatest advantage of using credit?  Justify your answer.
2. Intro Credit Report PowerPoint
1. Advanced Organizer
3. Create a Credit Score Song Directions
1. Include the following:
1. What is a good credit score?
2. Why is developing positive credit a good thing?
3. How can good credit be developed?
4. Names of the 3 Major U.S. Credit Bureaus
5. Fair Credit Reporting Act
6. Additional Information?
4. Individual Concept Review

Credit

EQ - What steps can you take now to start building and maintaining a strong credit rating?

1. Activator - Anticipation Guide
2. Reading Packet Distribution
1. Preview Discovery Project
2. Reading Preview
1. EQ
2. Main Idea
3. Content Vocabulary
4. Academic Vocabulary
3. Actively Read the packet
1. Relate: Do you think you'd ever use credit to buy something you could not afford?  What are potential consequences?
2. Jot notes, key ideas, key concepts, key words
3. Write questions or interesting elements of the reading in the margins
4. Complete your graphic organizer
4.  Assessment p. 461
1. Complete on a separate sheet of paper or using Google Drive

Intro to Credit

 EQ - How does credit impact personal finance?

1. Activator: Credit Scavenger Hunt
2. Credit Simulation
3. KWL - What do you know about credit? 
4. Home Discussion
1. Part 1
2. Part 2
5. Debriefing
6. PPT - A Deeper View of Credit
1.  Credit
2. How Credit Works
3. Forms of Credit
4. Interest
5. Minimum Payments
6. Advantages and Disadvantages of Credit
7. Table Teams - Compile a list of topics learned today and summarize the key learning

Finalizing Unit 5

EQ - What types of financial services might help you to better manage your cash flow?

1. Activator - Splashdown
2. Interest Calculations
3. Rule of 72
4. Exam Checklist
5. Study Guide Creation

UNIT EXAM TOMORROW

The Impact of Saving

EQ - How does interest impact your savings?

1. Activator: Bank It Or Bust
2. Discussion Questions?
1. What happened?
2. Is this a realistic approach for you?
3. Introduction to Interest
4. Calculating Interest
1. Simple Interest 
2. Compound Interest
3. Different Interest periods
   

Checking Account Quiz

EQ - How do I manage my checking account?

1. Activator: Team Hot Seat Challenge (Review of last week's content)
2. Identifying the steps of managing a checking account
3. Quiz
    
   Great job on the quiz!
   
   Here is the homework.  Attempt this,try this...get it right, get it wrong.  This will be the basic foundation as we move forward.
   
   If Clint deposits $249 into a bank account that pays 4% interest annually, how much (in total) will Clint have in the account at the end of 6 years?
   What the total be if the interest was compounded annually?
   How long will it take Clint to double his money? (Use the information provided)
   
   Once you have completed this part of the homework, complete a
   
   
   K - W - L
   
   
   for the savings lesson of Unit 5.  You can access the Unit 5 Map from the menu at the top of the page.
    

Checking Account Simulation

EQ - How do I effectively manage a checking account?

1. Activator - Splashdown at least 5 key elements of the previous lesson (TPS)
2. Deposit Slip Quiz
3. Simulation Assessment - Part 1 of the simulation
1. Introduction
2. Individual practice
3. Muddy Points
4. Bank Reconciliation
1. Introduction
2. Guided Practice
3. Try It

Managing Checking Accounts

EQ - What are the steps to responsibly manage a checking account?

1. Activator - Team Muddy Point Review
1. Count off 1 - 6 & repeat until everyone has a number
2. Refresher - Rules of Collaborative Work 
2. Introducing Running Muddy Points
3. Making a Deposit
1. Elements
2. Guided Practice
3. Try It
4. Importance of Accurate Record Keeping
5. Writing Checks
1. Elements
2. Guided Practice
3. Try It
6. Simulation Assessment - Part 1 of the simulation
1. Introduction
2. Individual practice
3. Muddy Points
7. Bank Reconciliation
1. Introduction
2. Guided Practice
3. Try It
8. TPS - Formulate a step-by-step process 
9. Simulation Assessment - Part 2 of the simulation
10. Muddy Point Review

Choosing a Depository Institution

EQ - How do I choose the best depository institution for me?

1. Activator - Hot Seat Questionnaire
2. Introduction of Savings Tools *Foldable*
1. Checking Account
2. Savings Account
3. Money Market
4. Certificate of Deposit
3.  Finding the perfect financial institution for you.
1. Demo - PSECU
2. Google depository institutions near Mount Joy, PA
3. Select 3 depository institutions to research
1. At least 1 must be a commercial bank
2. At least 1 must be a credit union
4. Research each selected depository institution's website for key information
5. Place this information in the appropriate location on the advanced organizer
6. Determine which depository institution best meets your personal requirements.
7. Use Google Docs & Explain how you determined your decision (2-3 paragraphs)
8. Create a new document
9. Name it Last Name - Deposit Choice
10. Share with justin.hill@staff.donegal.k12.pa.us
11. Revise your composition accordingly (MAKE IT THE BEST EVER!!!)
4. Summarizer - TOD
1. What factors were most important to the decision?  Why?
2. What was the most difficult aspect of making this decision?  Why?