Choosing a Depository Institution Pt. 2

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?

Choosing a Depository Institution

EQ - What factors should be considered when choosing a savings plan?

1. Activator - Practice Quiz
2. TPS Brainstorming: 
1. What are depository institutions?
2. List the 2 types of depository institutions.
3. What should we look for when comparing depository institutions?
3. Comparing the 2 types
4. What features of checking/savings accounts are most important to you?
5. Discussion Question - How can we find this information to help us make personal finance decisions?
6. 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!!!)
7. Summarizer - TOD
1. What factors were most important to the decision?  Why?
2. What was the most difficult aspect of making this decision?  Why?

Unit 5 - Intro to Banking Systems

EQ - Why are bank accounts important to me?

1. Activator -
1. Active Reading TPS - I'm the Biggest Boss (of my money)
2.  Discussion Question - Why is it important to open a bank account?
2. How does a bank function? - You Can Take That to the Bank *
3. Discussion Question - How do you know which bank is right for you?
4. Shared Inquiry - Did You Know
1. Identify unknown words
2. Identify questions you have
3. Discussion 
5. Top 3 - Identify and Rank
1.  What are your top 3 reasons that teens should learn about banks and bank accounts?
6. Homework - Complete the Note Taking Guide and be prepared to use the information tomorrow in class.  Intro to Depository Institutions PPT - CLICK HERE FOR THE PPT

Unit 4 Exam

EQ - How are budgets used to make wise financial decisions?

1. Mini-lesson - Brainstorm the major budget categories and the average allocation percentages
2. Homework Review
3. Q & A 
4. Unit 4 Exam
5. Learn Something New
1. Visit THIS WEBSITE
2. Choose a new story
3. Actively read the article
4. Write a Summary & Analysis of the article
1. In MS Word
2. 2 paragraphs
3. Be complete
5. Test Feedback

Evaluating a Budget

EQ - How is a real life budget created, evaluated, and adjusted?

1. Collaborative Teams - Review the previous lesson content including the following:
1. TCAIE
2. Show how to allocate expenses to categories (use "Step Three" in the packet)
3. Calculating Percentage of Income Used
4. Pie Chart Percentages
2. Collaborative Teams - Questionnaire
1. What are the similarities between the Brown Family's expense allocation and the average expense allocation?
2. What are 2 differences?
3. Debriefing - White Board Response
1. What 3 steps of budgeting are for PLANNING?
2. Which category allocation from the scenario most alarms you?
3. What makes it alarming?
4. Activator - TPS: Mint.com Budgeting Gadget
5. Evaluating a budget
1. Sample Budget *
2. Review Control Systems
3. The evaluation process* (Together)
6. Financial Advice - What advice would you give to Sonny?  Be specific and detailed *
1. Google Docs Instruction Sheet
2. Letter Directions
3. Composition Work Time
7. Self-Evaluation
1. What kind of spender are you? 
2. How can the result of this quiz help you when planning your personal budget?

Developing a Budget

EQ - What are the steps used to develop a budget?

1. Activator: Test your knowledge (TPS)
• Spending Plan Note Taking Guide (19-20)
2. Application Activity - "The Brown Family Scenario"
• Steps 1-3
3. Discussion & Review
4. Intro - Control Systems
1. What?
2. Why?
5. Complete Steps 4-5
6. Discussion & Review
7. Assignment - Complete pages 25-26

Intro to Unit 4

Unit EQ - How are budgets used to make wise financial decisions?

LEQ 1 - How are income and expenses classified?
LEQ 2 - What are the steps to develop a budget?

Please access your laptop & visit the class website

1. Activator - Chalk Talk
1. What do adults pay for on a monthly basis?
2. White Board Groups - Estimations
2. Mini Lesson - Cash Flows
3. Spending Plan - Advanced Organizer
4. Spending Plan - PowerPoint
• Classifying Income and Expenses  (LEQ 1)
• Spending Plan Development Process (LEQ 2)
• Components of Spending Plans  (LEQ 2)
• Identifying Spending Plan Components (LEQ 1 & 2)
5. TOD - Today's Meet (CLICK HERE FOR LINK)
• List the steps of creating a spending plan.
• Muddy Points

Tax Return Preparation

EQ - How do I prepare a tax return?

1. Activator: Costs of doing taxes
2. Vocabulary Preview - The Language of Taxes
3. Start Here
4. Simulation 1 - W-4
5.  Simulation 2 - W-2
6. 1040EZ Form 
7. Tax Table
8. 1099-Int Form
9. Table Quiz - Key Terminology
10. Simulation 3 - 1040EZ
11. Completing a 1040EZ

Minimum Wage Laws

EQ - How do current minimum wage laws affect your pay?

1. Activator: Can You Survive?
1. Before you begin
1. Explain your opinion of a job that will pay your $9/hr.
2. Would you be able to provide for yourself at this hourly rate?
2. The Experience - Can You Survive?
3. What was this experience like for you?
4. Has your perception changed?  Why or why not?
2. Key Content
1. The Impact of Overtime
2. Hourly vs. Salary
3. Defining Pay Periods
4. Assessing the impact
3. Practice Problem
4. KWL - Minimum Wage
5. Discussion - What do you know about minimum wage?
6. Federal Minimum Wage Laws
1. Review guidelines - Actively read the article
2. Complete the "L" of your KWL
3. Prepare for a class discussion
7. Muddy Points Review

Calculating Earnings

1. Activator: An aggregate view of federal income tax dollars
2. Assignment
1. Answer the EQ
2. Describe your opinion on how our federal income are dispersed.
1. Do you think the allocation is appropriate? Why or why not?
2. If you could change anything regarding how tax dollars are spent, what would you change?  Explain.
3.  Class discussion

EQ - What considerations factor into the calculation of a paycheck?

1. Activator - How much did Sally make of her first paycheck?  Second?
2. The Impact of Overtime
3. Hourly vs. Salary
4. Defining Pay Periods
5. Assessing the impact
6. TOD - Muddy Points

Payroll & Taxes Part 1

EQ 1 - How are gross pay and net pay different?
EQ 2 - How does the government spend our tax dollars?

1. Activator - Preview Survey
2. Identifying Key Vocabulary
1. Gross Pay, Net Pay, Wages, Taxes, Deductions
3. Previewing a Paystub - Click Here
4. How are these taxes used? - Where Did My Tax Dollars Go 
5. Partnership Activity
1. Choose one category where tax dollars are allocated
2. Create a poster to illustrate the components of your category
3. Share with the class
6. Assignment
1. Answer the EQs
2. Describe your opinion on how our federal income are dispersed.
1. Do you think the allocation is appropriate? Why or why not?
2. If you could change anything regarding how tax dollars are spent, what would you change?  Explain.

Unit 2 Exam

Your Unit 2 Exam will begin in 7 minutes

 Please take out your Life Map assignment and prepare for your test.

When you have finished

1. Submit your test to the PF folder 
2. Access your laptop.
3. Log in and visit the class website
4. Actively Read - "Open Ended Response"

EQ - What is the difference between gross pay and net pay?

1. Activator - Money, Money, Money, Money
2. Open Ended Response
1. Preview the question
2. Read the article
3. Class discussion
4. Identifying Key Vocabulary
1. Gross Pay, Net Pay, Wages, Taxes, Deductions
5. Previewing a Paystub - Click Here
6. How are these taxes used?
7. TOD - Knowing the effect of deductions from your paycheck, how might this impact you when you begin financial planning using SMART Goals?

FCCLA Decision Making Process

EQ - How can we develop a logical argument to explain a decision?

1. SMART Goals Quiz
2. Activator - Forced Decision
1. Directions
2. Statements
3. Reflection
3. Decide by Chance
4. Introduction to FCCLA's Method
   
   
5. As a class - Solving a problem
6. Collaborative Group Activity
1. Choose a problem
2. Identify the 6 steps of DECIDE
3. 4 share
7. TPS - Making Decisions
8. TOD - Answer the EQ

 LIFE MAP DUE THURSDAY