Intro to Credit

 EQ - How does credit impact personal finance?

1. Activator: 
1. Black Friday Survey 2011
2. Black Friday Survey 2012
3. Black Friday Survey 2014
2. Credit Simulation
3. Discussion - What do you know about credit?
4. Documentary - Maxed Out
1. Defining your purpose
2. Method of delivery
3. Watch
5. KWL

Finalizing Unit 5

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

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

UNIT EXAM TOMORROW

Summarizing Compound Interest

Common Craft has created an exceptional video to summarize compound interest.  Feel free to view the video at http://www.commoncraft.com/video/saving-money-compound-interest

Interest Calculations

EQ - How does interest impact your savings?

1. Activator - Do Now
2. Calculating Interest
1. Simple Interest 
2. Compound Interest
3. Different Interest periods
3. Practice Problems
4. Muddy Points

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
    
   
   
   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
   
   
    

Dream Vacation

Welcome back from the weekend.  Today, you will have a substitute teacher working with you.  Please work individually or with one additional person to complete the following.  Everything you need is found within the project packet.  Have a great day!

EQ - How is a budget planned, implemented, and adjusted?

1. Project packet distribution
2. Review the directions
3. Work individually or with a partner to research the information required for the project.

REMEMBER - Complete the Check Register when you make your final decisions

Bank Reconciliation

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

Click Here for the PPT

Managing Checking Accounts

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

1. Activator - Team Muddy Point Review
1. Count off 1 - 9 & repeat until everyone has a number
2. Refresher - Rules of Collaborative Work 
3. Introducing Running Muddy Points - Click Here
4. Complete the following
1. What is a depository institution?
2. What are the differences between the 2 types of depository institutions?
3. How do these institutions work?
4. Describe the relationship between liquidity and interest.
5. List and describe 4 basic savings tools.
5. Debriefing
2. Introduction to Checking Accounts
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