Monday April 30, 2012–Friday, May 4, 2012

Essential Question(s):

Monday – How can I be financially responsible?

Tuesday – How should I write checks and balance my checkbook?

Wednesday – How do I build credit and avoid debt?

Thursday – Why is it important to create a budget and stick to it?

Friday – Why is it important to create a budget and stick to it?

 

 

 

Standards

 

SS8E5  The student will explain personal money management choices in terms of income, spending, credit, saving, and investing.

 

 

Vocabulary

Income

Spending

Credit

Debt

Debit

Saving

Interest

Investing

Transaction

Compound Interest

 

 

Classwork:

Game of Life

Students will randomly draw an occupation and corresponding salary (unemployed, hair dresser, Six Flags, policeman, doctor, etc.).   Then, students will be presented with decisions to be made (eat out or eat at home) and will have to flip a coin to make the decision.  Students will be required to keep track of what they have spent from their salary on a transaction register.

 

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