Monday – May 15, 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)

Block 3A

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. Taxes Worksheet from Friday
  2. Discussion: Insurance and Health Insurance
    1. PowerPoint
    2. Note-Taking Guide
  3. Discuss in Class: Damon Goes to the Hospital
    1. Story
    2. Reflection
  4. Assign: Everfi – Insurance and Taxes

Friday – May 12, 2017

Block 1 & 2

Unit 4:  Work:  Beginning the job, staying employed, and advancing

Objective 4.2:  Student will develop and evaluate a plan to manage their money to achieve personal goals.

Essential Understanding 

4.2.A: personal values and goals and incorporate into personal budget.

4.2.B:  Understand the responsibilities and liabilities with attaining the age of majority.

Key Terms:  Fixed and variable expenses, money management, consumerism, gross and net income.  Age of majority, contracts, liability, adult responsibility, default; Discretionary spending, consumer reports, financial guidelines, consumerism, discretionary spending

Agenda:

  1. Major Expenditures PowerPoint & Note-Taking Guide (transportation & food)
    1. PowerPoint: Link
    2. Notes: Link
  2. Finish Everfi – Renting vs. Owning
  3. Complete: Housing Reinforcement Worksheet
  4. Work on and Complete Any Missing Assignments (Job Shadow Packets are Due Today)

Block 3A

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: The Basics of Taxes
  2. Video and Worksheet: How People are Paid

Thursday – May 11, 2017

Block 1 & 2

Unit 4:  Work:  Beginning the job, staying employed, and advancing

Objective 4.2:  Student will develop and evaluate a plan to manage their money to achieve personal goals.

Essential Understanding 

4.2.A: personal values and goals and incorporate into personal budget.

4.2.B:  Understand the responsibilities and liabilities with attaining the age of majority.

Key Terms:  Fixed and variable expenses, money management, consumerism, gross and net income.  Age of majority, contracts, liability, adult responsibility, default; Discretionary spending, consumer reports, financial guidelines, consumerism, discretionary spending

Agenda:

  1. Major Expenditures PowerPoint & Note-Taking Guide
    1. PowerPoint: Link
    2. Notes: Link
  2. Start Everfi – Renting vs. Owning
  3. Complete: Housing Reinforcement Worksheet

Block 3A

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. 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

Wednesday – May 10, 2017

Block 1 & 2

Unit 4:  Work:  Beginning the job, staying employed, and advancing

Objective 4.2:  Student will develop and evaluate a plan to manage their money to achieve personal goals.

Essential Understanding 

4.2.A: personal values and goals and incorporate into personal budget.

4.2.B:  Understand the responsibilities and liabilities with attaining the age of majority.

Key Terms:  Fixed and variable expenses, money management, consumerism, gross and net income.  Age of majority, contracts, liability, adult responsibility, default; Discretionary spending, consumer reports, financial guidelines, consumerism, discretionary spending

Agenda:

  1. Unit 4 Open Note Exam
  2. Multimedia Presentations

Block 3A

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 W-2
    1. Sample W-2
  3. Complete 1040EZ using Sample W-2 (Step 4A)

Tuesday – May 9, 2017

Block 1 & 2

Unit 4:  Work:  Beginning the job, staying employed, and advancing

Objective 4.2:  Student will develop and evaluate a plan to manage their money to achieve personal goals.

Essential Understanding 

4.2.A: personal values and goals and incorporate into personal budget.

4.2.B:  Understand the responsibilities and liabilities with attaining the age of majority.

Key Terms:  Fixed and variable expenses, money management, consumerism, gross and net income.  Age of majority, contracts, liability, adult responsibility, default; Discretionary spending, consumer reports, financial guidelines, consumerism, discretionary spending

Agenda:

  1. Spending Plan PowerPoint w/ Note-Taking Guide
    1. PowerPoint: Spending_Plans_EDITED_1.15.2.G1
    2. Note-Taking Guide: spendingplansstructurednotes
  2. Analyze Three Scenarios’ in class
    1. budget-lessons
  3. Multimedia Presentations

Block 3A

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)