Thursday – July 13, 2017

Block 1 & 2

WE KNOW:

The financial risks in life and how to protect against the consequences of these risks financially.

WE WILL UNDERSTAND:           

The different types of consumer fraud.

WE WILL BE ABLE TO:

  • Identify ways to protect oneself from consumer fraud.

Key Terms:  Consumer Fraud, consumer protection, Phising, Identify theft, Insurance fraud, Internet and email fraud, Pyramid schemes

Agenda:

  1. Consumer Fraud Discussion – types-of-consumer-fraud
  2. Assign: Everfi – Consumer Protection
  3. Unit 5 Exam
  4. Review for Final Exam
  5. Complete All Everfi’s and all other missing assignments

Wednesday – July 12, 2017

Block 1 & 2

Unit 5:  Plan and Save:  Save Money and Move Out of the House

WE KNOW:

The different components of a household budget and how they affect your finances,

WE WILL UNDERSTAND:

The financial risks in life and how to protect against the consequences of these risks financially.

WE WILL BE ABLE TO:

  • Explain how insurance is based on the principle of large numbers.
  • Identify the different types of insurance and their importance.
  • Describe way to reduce financial risks.

Key Terms:  Principle of large number, premiums, deductible, coinsurance, Life, health, property, liability and disability insurance, long term care, claims, policy, policy holder, Moral hazard.

Agenda:

  1. Review Employment Benefits
  2. Discussion: Insurance and Health Insurance
    1. PowerPoint
    2. Note-Taking Guide
  3. Health Insurance Case Scenario – Damon Goes to the Hospital
  4. Complete: Worksheet on Insurance
  5. Assign: Everfi – Insurance and Taxes
  6. Hand out Unit 5 Review

Tuesday – July 11, 2017

Block 1 & 2

Unit 5:  Plan and Save:  Save Money and Move Out of the House

WE KNOW:

Students need to develop and evaluate a plan to manage their money to achieve personal goals.

WE WILL UNDERSTAND:

The major components of a household budget and how they will affect your personal finances.

WE WILL BE ABLE TO:

  • Analyze component parts of your budget with consumer guidelines.
  • Analyze components of a paycheck.
  • Utilize basic federal income tax forms.
  • Examine employee benefit packages.

Key Terms:  Discretionary spending, financial guidelines, budget, opportunity cost, tradeoffs, disposable income, W-4, deductions, FICA, Federal and State Income Tax, Withholdings, W-2, 1040 EZ, Employee benefits, fridge benefits,

Agenda:

  1. Assign: Complete a 1040 EZ form from the W-2 Information given
    1. 1040 EZ
    2. W-2 Form – Sample_W2 (1)
    3. Tax Table
  2. Assign: The Basics of Taxes
  3. Video and Worksheet: How People are Paid

Monday – July 10, 2017

Block 1 & 2

Unit 5:  Plan and Save:  Save Money and Move Out of the House

WE KNOW:

Students need to develop and evaluate a plan to manage their money to achieve personal goals.

WE WILL UNDERSTAND:

The major components of a household budget and how they will affect your personal finances.

WE WILL BE ABLE TO:

  • Analyze component parts of your budget with consumer guidelines.
  • Analyze components of a paycheck.
  • Utilize basic federal income tax forms.
  • Examine employee benefit packages.

Key Terms:  Discretionary spending, financial guidelines, budget, opportunity cost, tradeoffs, disposable income, W-4, deductions, FICA, Federal and State Income Tax, Withholdings, W-2, 1040 EZ, Employee benefits, fridge benefits,

Agenda:

  1. Discussion: Taxes
    1. PowerPoint
    2. Note-Taking Guide
  2. Review Paycheck Stub
  3. Complete W-4 Form
  4. Review W-2
    1. Sample W-2
  5. Complete 1040EZ using Sample W-2 (Step 4A)