Financial+Literacy+Course+Outline

Test - Income Tax
 * __ Friday, February 8: __**

[|Completing Form 1040 EZ with Form 1099INT]
 * __ Thursday, February 7: __**

Completing Form 1040A with Form 1099INT
 * __ Wednesday, February 6: __**

__** Tuesday, February 5: **__ [|Refund and Record Keeping] Simulation: [|Completing Form 1040A] Simulation: [|Completing Tax Form]

Simulation: [|Earned Income Credit] Simulation: [|Earned Income Credit]
 * __ [|Earned Income Credit] __**

// Start with Simulations on Completing a Tax Return // Simulation: [|Education Credit] Simulation: [|Education Credit]
 * __ Monday, February 4: __**
 * __ [|Education Credits] __**

[|Tax Child Credit] Simulation: [|Child Tax Credit] Simulation: [|Tax Credit for Child and Dependent Care]

Income Taxes: [|Standard Deductions]
 * __ Friday, February 1: __**

Simulation 8: [|Completing a Tax Return as a Dependent] Simulation 9: [|Completing a Tax Return Using Married Filing Separately Filing Status]

Income Taxes: [|Filing Status]
 * __ Thursday, January 31: __**

Simulation 7: [|Identifying Filing Status and Dependents]

[|Exemptions]

Simulation 8: [|Identifying Filing Status, Dependents, and Exemptions]

Income Taxes: [|Dependents]
 * __ Wednesday, January 30: __**

Simulation 4: [|Identifying Dependents as a Single Taxpayer] Simulation 5: [|Identifying Dependents as a Single Taxpayer with Children] Simulation 6: [|Identifying Dependents]

Income Taxes: [|Wage and Tip Income] [|Interest Income]
 * __ Thursday, January 31: __**

Simulation 2: [|Using Form W-2 to File Form 1040EZ] Simulation 3: [|Using Form W-2 and Form 1099-INT to File Form 1040EZ]

Test (Rent vs. Buy)
 * __ Monday, January 28: __**

Income Taxes: Your First Job - Payroll Taxes and Federal Income Tax Withholding ([|Completing FormW-4])

Simulation 1: [|Completing Form W-4]

[|Closing on Your Home] Review for test (Monday)
 * __ Friday, January 25: __**

[|Prepare to Qualify] [|Understanding Mortgages]
 * __ Thursday, Janaury 24: __**

//**Assignment**//: [|Mortagage Worksheet]

Watch You Tube videos (1) [|Intro to Mortgages] and (2) [|Mortgage Interest Loans] Share notes from each video with jgrams@hlv.k12.ia.us
 * __ Wednesday, January 23: __**


 * //Assignment//**: Notes over Intro to Mortgages video. Share with jgrams@hlv.k12.ia.us

[|Renters Insurance Worksheet] [|Scenario Worksheet]
 * __ Tuesday, January 22: __**

Owning a Home: [|Overview] //**Assignment**//: [|House-Hunting]

[|Apartment Application Items You Need] [|Renters Insurance] PPT //**Assignment**//: [|Your Scenario Worksheet]
 * __ Monday, January 21: __**

[|Lease] and [|Lease Checklist] [|Renting in Iowa]
 * __ Friday, Janaury 18: __**

Housing- Rental: [|Overview] [|Securing a Place to Live]
 * __ Wednesday, January 16: __**

Auto Test
 * __ Tuesday, Janaury 16: __**

Semester Test
 * __ Thursday, January 10 - Friday, January 11: __**

'Auto Test'
 * __ Wednesday, January 9: __**

Review for 'Auto Test' and semester test
 * __ Tuesday, January 8: __**

__#|Continue__ discussion on __#|Auto Insurance__
 * __ Monday, January 7: __**

//**Assignment**//: //Find the minimum requirements for __#|Auto Insurance__ in the state of Iowa?//

Go to [|Edmunds Auto Loan Calculator] or[| Bankrate Auto Loan Calculator] to find your __#|monthly payments__ for the __#|vehicle__ you selected previously. You may want to compare who gives the __#|best rate__. We will not consider __#|insurance__ costs right now, but realize that will impact your decision in which __#|vehicle__ to purchase!
 * __ Friday, January 4: __**

[|Leasing an Auto #1] [|Leasing an Auto #2] [|Auto Insurance]


 * __ Thursday, January 3: __**
 * __#|AUTO LOANS__**
 * We will discuss** __**[|Auto Loans]**__ together before you move on . ..

Based on the __#|Auto Loan__ discussion, answer the following questions. Share your responses with jgrams@hlv.k12.ia.us

// 1. What is a cosigner? What happens to a cosigner if the original borrower does not make the payments? // // 2. What is a lender? Name four lender options. // // 3. What consumer rights act requires clear disclosure of key terms and all costs in lending agreements? // // 4. Name two items __#|lenders__ are required by law to disclose to consumers. // // 5. Define negotiated price. // // 6. What variable is dependent on the down payment and/or trade-in? // // 7. What measure is the time period of an __#|auto loan__ usually expressed? // // 8. Define total cost of __#|the loan__. // // 9. Define total purchasing cost. // // 10. Rule of Thumb: What happens to the principal __#|loan amount__ if the consumer has a larger down payment? // // 11. What are the three variables needed to calculate the cost of a __#|loan__? // //For each, identify the principle __#|loan amount__, interest paid, __#|monthly payment__//, //total __#|loan amount__// 12. Changing the APR: $7,500 negotiated price; $2,500 down payment; 3 years A. 8% APR B. 10% APR
 * Calculate the costs involved with an __#|auto loan__ given the following situations. **

13. Changing the Time Period: $7,500 negotiated price; $2,500 down payment;8% APR A. 3 years B. 5 years

[|Purchasing an Auto] - research [|Vehicle Shopping]
 * __ Tuesday, December 18: __**

Catch Me If You Can - assignment
 * __ Monday, December 17: __**

Catch Me If You Can - assignment
 * __ Friday, December 14: __**

Money Skills
 * __ Thursday, December 13: __**

Catch Me If You Can
 * __ Wednesday, December 12: __**

Money Skills
 * __ Tuesday, December 11: __**

Catch Me If You Can
 * __ Monday, December 10: __**

Video: Catch Me If You Can (__#|ID Theft__)
 * __ Friday, December 7: __**

TEST
 * __ Thursday, December 6: __**

Review for test Money Skills
 * __ Wednesday, December 5: __**

Money Skills
 * __ Tuesday, December 4: __**

1. __Payday__ Lending 2. Complete [|Study Notes] over [|Bankruptcy]
 * __ Monday, December 3: __**

//**Assignment**//: [|USA Today] news article. Topic: credit, __#|ID theft__, __#|payday__ lending, or __#|bankruptcy__. Use correct format when submitting. (34424......usatoday)

1. [|Identity Theft] [|Information Sheet #2] 2. [|Payday Loans]
 * __ Friday, November 30: __**

Money Skills
 * __ Thursday, November 29: __**

1. [|Understanding Credit Reports] //A __#|credit report__ contains four parts. What information is found in each part?// 2. [|Gift Card Rules] 3. [|Shopping Online]
 * __ Wednesday, November 28: __**

//**Assignment**: Analyze the sample [|credit report] and complete the questions//

Money Skills
 * __ Tuesday, November 27: __**

1. [|Credit for Young Adults] 2. [|Understanding Credit Reports] //A __credit report__ contains four parts. What information is found in each part?//
 * __ Monday, November 26: __**

Money Skills
 * __ Tuesday, November 20: __**

//(All work needs to be done before the beginning of class tomorrow.)// 1. __#|Continue__ with __#|Credit Card Comparison__ and Essay.
 * __ Monday, November 19: __**

2. Go to [|'It Costs What?!'] Credit Card Primer Answer the following questions using __#|complete__ sentences. //1. What is a credit card?// //2. When a customer uses a credit card, what are they actually doing?// //3. Define 'interest'.// //4. Why do banks lend out money?// //5. Are credit cards bad?//

3. Go to [|'It Costs What?!'] Choosing and Using a Credit Card Answer the following using complete sentences. //1. What is 'APR'?// //2. What is a typical APR rate?// //3. Which of these APRs offers the best long-term deal?// //-15% fixed APR// //-2% introductory APR, which goes up to 23% after 6 months// //-10% APR, which goes up 1% every month for 10 months// //19% fixed APR, with 1 airline mile earned for every dollar you spend// //4. How can you avoid paying interest on your credit card?// //5. What is a grace period and how long can it be?// //6. What is a 'late fee'?// //7. What is '__credit limit__'?//

__#|Comparing Credit Cards__ [|LINK] [|Shopping for a Credit Card] [|Comparison Shopping for Credit Essay] [|Shopping Online]
 * __ Friday, November 16: __**

Money Skills
 * __ Thursday, November 15: __**

Discuss [|credit card statement] [|Credit Card Challenge] //**Assignment:**// Summary of news article __#|on Credit__ [|USA Today]or [|Wall Street Journal]) Share with jgrams@hlv.k12.ia.us
 * __ Wednesday, November 14: __**

__ Tuesday, November 13: __ Money Skills

__ Monday, November 12: __ No class - Veterans Program

Money Skills
 * __ Thursday, November 8: __**

__#|Continue__ our discussion from Monday
 * __ Wednesday, November 7: __**

Money Skills
 * __ Tuesday, November 6: __**

1. Discuss NEFE pages 41-48 2. [|Intro to Credit] 3. [|How Credit Impacts Your Life] 4. [|Credit Cards]
 * __ Monday, November 5: __**

Introduction to Credit - Read pages 41 - 48 ( NEFE) ;Complete[| notes]
 * __ Friday, November 2: __**

Money Skills
 * __ Thursday, November 1: __**

1. TEST (Budgeting/Checking) 2. News Article: [|USA Today] .(34424 usatoday)
 * __ Wednesday, October 31: __**

Money Skills
 * __ Tuesday, October 30: __**

__** Monday, October 22: **__ Checking Simulation

__** Friday, October 19: **__ Checking Simulation

1. Discuss Unit 5 notes 2. Start Checking Simulation
 * Thursday, October 18: **

__** Wednesday, October 17: **__ 1. Review Personal Budget 2. Discuss Unit 5 notes 3. Start Checking Simulation

__** Monday, October 15: **__ 1. Reveiw all work 2. Start Checking Simulation

__** Friday, October 12: **__ 1.Complete Unit 5 notes 2. JumpStart Financial Literacy Pre-Test //** No Assignment **//

__** Thursday, October 11: **__ 1. Complete Unit 2 notes 2. Budget Simulation //**No Assignment**//

__** Wednesday, October 10: **__ 1. Discuss Unit 1 notes and appliction of decision-making process. 2. [|What Lifestyle Do You Want?] //__**Assignment:**__// USA Today news article. Use correct format. Share Google Doc with jgrams@hlv.k12.ia.us

1. TEST over "Getting That Job" (application cover letter, resume, application, references, interviewing, follow up/thank you letter) 2. Complete Unit 1 notes (NEFE)
 * __ Tuesday, October 9: __**

//__**Assignment:**__// __Apply__ the Decision-Making Process to a decision you had to make about spending money. Be specific (identify what you were going to purchase, the amount of the purchase, how you used each step, etc.) Use Google Docs for your work. Rename the document to //Decision-Making Process//. Share with jgrams@hlv.k12.ia.us