Intro to Savings Tools

EQ - How would you choose the best savings tool to help meet your financial goals?

1. Activator - List what you know about savings tools
2. Graphic Organizer
3. Savings Tools PowerPoint
1. Savings Tools PowerPoint (PPT)
2. Savings Tools PowerPoint (pdf)
1. Intro to Savings Tools
2. 4 Types of Savings Tools
3. Review of Liquidity
4. Characteristics of Savings Tools
4. AP - Collaborative Pairs
1. Create an Infographic that includes details on each of the 4 savings tools
1. Name of savings tools
2. Characteristics of each savings tool
3. Liquidity and Interest Rate expectations
5. TOD - Muddy Points

*Intro to Check Register*

Intro to Depository Institutions

EQ - How can bank accounts benefit me?

1. Activator – How does the banking system work
1.  Draw and label a picture of how you believe the banking system works
2. Chalk Talk – How banks work
3. AP – Update your picture and summarize how banks work on the back of your paper
4. Activator – Money Matters (YouTube music video)
1. Active Reading TPS - I'm the Biggest Boss (of my money)
2.  Discussion Question - Why is it important to open a bank account?
5. AP – Reading Response Questionnaire
1. What are savings and checking accounts, and how do they differ?
2. How can opening a bank account help you learn to budget? Why is this important, especially if you use a debit card?
6. Discussion Question - How do you know which bank is right for you?
7. Shared Inquiry - Did You Know
1. Identify unknown words
2. Identify questions you have
3. Discussion 
8. AP - Top 3 - Identify and Rank
1.  Students partner up to list as many reasons as they can to explain why bank accounts are important.
2. Groups will list reasons on the board and then explain why they believe their group has the best reasons.
3. TOD - Students will individually rank their top 3 reasons that teens should learn about banks and bank accounts?

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

Budgeting Practice

Using the example from class, complete a budget.  Be sure your income equals your expenses.

George works as a customer service representative and earns $43,000 per year after taxes.  He has two savings accounts; one at a credit union and the other at a local bank.  These accounts provide him with interest of $135 and $105 interest respectively.  George just recently purchased a new car and owes $400 per month for his car payment.  The car insurance company charges $185 per month and he estimates his upkeep and maintenance will cost him $50 a month.  George rents a one bedroom apartment in a choice location for $950 per month.  His utility bills cost him $175 per month.  In addition, George pays $65 per month to park his car in a secured lot.  George pays $125 per month for the latest iPhone and $125 for the Comcast Triple Play.  His medical and dental insurance plans cost him $75 each per month.  He shops frequently and spends $150 per month on clothes and $200 per month on groceries.  Georges uses $125 of gasoline each month and uses $80 for dining out.  He estimates his monthly expenses are $50.

Sonny Advice Letter Review

Directions

1. Review your letter to Sonny.
2. Identify all comments that apply to your letter.
3. Copy and paste the comments that apply to the bottom of your letter.
4. Revise your letter to make it amazing!
5. When you have finished, please review the Unit Map and begin preparing a study guide.

Sonny Advice Letter Comments 

1. Organize your multiple ideas into multiple paragraphs (1 main idea per paragraph).
2. Watch out for run on sentences.
3. How can calculating the percentages spent on each category better convince Sonny to follow your advice?  Implement these calculations when necessary.
4. How does your recommended control system work?  Can you provide a description of what this may look like for Sonny?
5. Check your spelling and grammar (sometimes even spell check misses errors). 
6. You convinced me to review some items in my budget!  
7. You may want to be nicer to Sonny; its only his first time budgeting.
8. Great job!  Sonny is lucky to have you!
9. With some revision, this will be the best letter of advice ever!
10. Feel free to ask for help if you need it.  I will gladly meet with you during a Tribe Time to help you with this composition.

Evaluating Budgets

1. Activator - TPS: Mint.com Budgeting Gadget
2. Evaluating a budget
1. Sample Budget *
2. Review Control Systems
3. The evaluation process* (Together)
3. AP - 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
4. Self-Evaluation
1. What kind of spender are you? 
2. How can the result of this quiz help you when planning your personal budget?
5. TOD 
1. Review the Unit Map
2. Develop a Strengths and Weaknesses Chart to assess your current comprehension of Unit 4 objectives
3. How can you use this information to prepare for your Unit Exam

Developing a Budget

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

1. Activator: Test your knowledge (TPS)
• Spending Plan Note Taking Guide
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

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

1. Activator - TPS Splashdown
2. AP - 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. AP - 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. AP - 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?
8. TOD 
1. Review the Unit Map
2. Develop a Strengths and Weaknesses Chart to assess your current comprehension of Unit 4 objectives
3. How can you use this information to prepare for your Unit Exam

Intro to Budgeting

Unit Exam

EQ - How are income and expenses classified?

EQ - How is a budget created?

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

Junior Year Timeline

EQ - How can I begin networking for my post-secondary path?

1. Meet in the Guidance Office.
2. Counselors lecture (with note taking guide)
3. As students enter the classroom, they will take out their assigned laptops and login to the class website.
4. AP - Counselor Feedback
   1. What is the most meaningful thing you learned from your counselors this morning?  Explain why this matters to you.
   2. List one question for your counselor to answer when you have your next scheduled appointment.
5. Activator (TPS) - Word Association - What comes to mind when you hear the word "Network"
   1. Define Networking
   2. Discussion Question - How can networking help you when you plan for your future?
   3. Discussion Question - How can you use networking to complete your Graduation Project's Experiential Learning Component.
6. Getting Help - TPS LINK - What's a Mentor and How Do I Get One 
   1. Students will create a LINK Foldable
      1. List (prior to reading) what you know about mentors.
      2. Inquire (prior to reading) about mentors.
      3. Note (while reading) the most important ideas presented in the reading
      4. Know (after reading) Compose a clear and concise message to help another high school student understand how having a mentor can benefit him/her.
   2. Students will share the summary with their table partners.
   3. As a class we will review how having a mentor can benefit a high school student.
7. AP - Connecting Concepts (TOD)
   1. How can you develop a network of mentors during your experiential project?
   2. How can having a mentor help you further develop your resume?
   3. Who are some people that you should consider networking with to assist you with your post-secondary path?

Tax Return Quiz

EQ - How do I file my tax return?

1. Quiz
2. Quiz Review
3. Unit Exam preparation
1. Unit Map Review
2. Study Guide Development

Your Unit 3 Exam will be on October 6.

Tomorrow's class will meet in the Guidance Office