Money


 * Money Skills will start at the beginning of the 2nd Quarter . . . **

Each Tuesday and Thursday, you will start the class period developing your money skills more fully. You will access [|**Money Skill**] to complete 34 modules covering all areas of personal finance that you need to know. You will complete one module per class period. Each module will take 20 to 40 minutes to complete. After a new concept has been introduced, you will be quizzed using a question or a problem to test your understanding of the material. The system will keep track of your score on each module and will provide you and Mrs.Grams with the percent that you got correct. The points on each question accumulate to your total score for each module, so take your time and read each question carefully before you answer. //The question may be reversed from the form it was presented in the material. Thinking and taking yur time will pay dividends!//

You will be testing your money skills in the National Financial Capacity Challenge sponsored by the U.S. Treasury Department. Find more information about the Challenge at []
 * Take your MoneySkills seriously!**

//This schedule may be adjusted as the year progresses.//

**//__Tuesday, February 16__//** Introduction and Module #1 (The Plans We Have For Our Lives)

__//** Thursday, February 18 **//__ Modules #2 (Andrew's Simulation) //When finished, go to Games2Play: Download **Second Life** to your computer. Join, create your avatar, and play!//

**//__Tuesday, February 23__//** Module #3 (Federal Income Taxes)

//Respond to the following items using the resource link:// [|Federal Reserve Bank] //Word process your responses and e-mail to// jgrams@hlv.k12.ia.us //- Paying Off a Loan Early// //- Three Ways to Improve Poor Credit// //- Can You Be Held Responsible for Your Husband's/Wife's Debt if You Divorce?// //- Four Reasons You May Be Turned Down for Credit// //- What Do Lenders Look For When You Ask To Borrow Money?//

Thursday, February 25​ - Teacher Inservice

//__**Tuesday, March 2**__// Module #4 (Other Deductions from Pay) //Go to Games2Play -- Simulation: Industry Masters// **//__Thursday, March 4__//** Module #5 (Tracking Expenses and Budgeting) //Respond to the following items using the resource link:// [|Finance Freak] . Word process your responses and e-mail to jgrams@hlv.k12.ia.us - //You want to start saving for your future...you have $100 to invest. You go to the financial institution and they tell you you can choose how the interest in compounded on that investment. Which do you choose? Why?// //Choice 1: Interest compounded yearly; 12% interest each year// //Choice 2: Interest compounded semi-annually (twice a year); 6% at the end of June, another 6% at the end of December// //Choice 3: Interest compounded quarterly (four times a year); 3% at the end of each quarter//

//- Taking that $100 initial investment and the 12% interest compounded quarterly, how much will be in the account in 15 years?//

//- You decided to invest $50 in an account for retirement (that's 45years!).The interest rate is 10% and interest in compounded semi-annually. How much will you have at the end of 45 years?//

**//__Tuesday, March 9__//** Module #6 (Paying for What We Buy) //Internet Activity:// [|Are You Covered?]

**//__Thursday, March 11__//** Module #7 (Using a Checking Account) [|//Take the Spending Challenge//] //As you work through the challenge, answer the following questions.// //You may copy the questions onto a Word document and then type your responses.// //Send your answers as an attachment to// jgrams@hlv.k12.ia.us

//1. How much debt do you have at the end of your 4-month trial?// //2. How much money did you have on hand when you got into the accident in week 16?// //3. What did you learn about having cushion money for unexpected expenses?// //If you played the game again, would you play differently? How?//

**//__Tuesday, March 16__//** Module #8 (Food and Clothing) //Use the rest of the class period to work on your// [|Housing Project]

**//__Thursday, March 18__//** Module #9 (Savings) // All modules thourgh #9 must be completed by the end of today. // //Use the rest of the class period to work on your// [|Housing Project]

**//__Tuesday, March 23__//** Module #10 (Credit Cards and Other Borrowing) //Respond to the following items using the resource link:// [|//Finance Freak//] //. Word process your responses using complete sentences and e-mail to// //jgrams@hlv.k12.ia.us// -How is your FICO score figured (break down of factors)? - Summarize the Five C's of Credit. - Identify basics of keeping a good credit rating. - Which is the worst possible debt you can have and why? --- Mortgage, Car Loan, Credit Card, Student Loan - Do you need credit cards?

**//__Thursday, March 25__//** - Teacher Inservice

**//__Tuesday, March 30__//** Module #11 (Your Credit Rating) //Research the health care reform passed by Congress on March 21, 2010. Write an editorial answering the following question: **Will the new reform help or hurt the middle class citizen?** Use at least five// [|//vocabulary terms/] [|/] //in the editorial. Highlight each term. Editorial tips:// **keep the topic relevant; use personal opinion; use persuasive language; get your facts straight; use facts as examples.** //Send as attachment to jgrams@hlv.k12.ia.us//

**//__Thursday, April 1__//** Module #12 (Renting a Home) -- //This is no joke!// //When finished, work on yesterday's assignment (Health Insurance - continued)//

**//__Tuesday, April 6__//** Module #13 (Owning a Home)

Wednesday, April 7 //Students will participate in the// **//National Financial Capacity Challenge//**

**//__Thursday, April 8__//** Module #14 (Buying/Leasing a Vehicle) [|Health Care Simulation] //Read the simulation, copy the questions onto a Word document, answer and send as an attachment to// //jgrams@hlv.k12.ia.us//

**//__Tuesday, April 13__//** Module #15 (Operating a Vehicle)

**//__Thursday, April 15__//** Module #16 (Understanding Insurance) //Start work on your activity for Friday.//

__**Tuesday, April 20**__ //Starting class with discussion on Wallwisher comments. . .//

Module #17 (Life and Disability Insurance)

//Respond to the following items using// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Finance Freak//] //Word process your responses and e-mail to// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">jgrams@hlv.k12.ia.us //-What is a mutual fund?// //- What is a front load mutual fund?// //- What is a back load mutual fund?// //- What is a no load mutual fund?//

//- Go to// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Morning Star//] //Click on **Star Rating Performance** (left sidebar). Identify the fund(s) that rate the highest.//

//- I want to invest in mutual funds that are considered conservative and safe. Which category of funds should I consider?//

//- Which category of mutual funds:// //-- pay dividends to the stockholders?// //-- put dividends back into the company?// //-- buy stocks because the stock price is less than the company is worth?//

//- Can YOU buy mutual funds directly?//

__//**Wednesday, April 21**//__ // Since I will be out of the classroom AND there is a Teacher Inservice Thursday, you will be completing Module #18 today. //

//Respond to the following items using// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Finance Freak//] //Word process your responses and e-mail to// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">//jgrams@hlv.k12.ia.us// //- Are bonds considered a safer investment than stocks and mutual funds?// //- Which type of bond is issued by state and local governments?// //- With which type of bond would you not pay any federal tax and, maybe no state tax either?// //-Which type of bond is issued by the companies?// //- Which type of bond is issued by the U.S. government?// //-What is a CD (Certificate of Deposit)?// //- What are the advantages of money market accounts?// //- Why are annuities a smart way to save?//

**//__Thursday, April 22__//** - Teacher Inservice

**//__Tuesday, April 27__//** Module #19 (Health Insurance)

**// Directions: Solve each problem. Round answers to two decimal places .//**
 * //Word process your answers and explain your calculations. Send as an attachment to//** <span style="font-family: Arial,Helvetica,sans-serif;">**//jgrams@hlv.k12.ia.us//* *

1. If the sales tax on purchases would be 7 3/4%, what would be the final cost of a shirt that cost $50.00?

<span style="display: block; font-family: 'Arial','sans-serif';">2. If Jillian invested $5,000 in a certificate of deposit that pays 6% simple interest, how much interest would she earn after 5 years? What would the final value (principal plus interst) be of the investment at the end of the 5 years? 3. You and your friends decide to tip 20% of your dinner bill. If the bill is $43.57, what will be the final bill? //4. The sales tax on a car was $150 and the sales tax rate was 5%. What was the purchase price of the car before taxes?// //5. A man paid $3520 in income taxes. His annual salary is $15,000. What percent of his income went for taxes?// //6. How much interest would you earn if you deposited $500 for one year at an interest rate of 6.25%?// //7. A typical full-time job requires 40 hours of work each week. If Marcus makes $7.85 per hour and then makes time-and-a-half for any hours worked beyond the first 40 hours, how much will Marcus make for working 52 hours in one week?// //8. You are out shopping and one of your favorite stores has a 40% off everything in the store sale. How much would you spend on a shirt with a regualr price of $24?// //9. A car salesperson earns 5% commission. If they sold a car for $45,500, how much did they earn?//

**//__Thursday, April 29__//** Module #20 (Retirement) //Respond to the following items using the// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Finance Freak//] //. Word process your responses and e-mail to// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">//jgrams@hlv.k12.ia.us// //- How do you buy stock?// //- Explain these stock classifications: Blue-chip, Income, Growth, Value, Blend, Speculative.// //- Which of the stock classifications carries the highest level of risk?// //- Which stock market index is considered to be the best gauge of the overall market?// //- If you have stock, do you want the market to be a "Bull Market" or a "Bear Market"?//

**//__Tuesday, May 4__//** Module #21 (Mutual Funds)

<span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Fasten Your Seltbeat!//] //You are about to take off on an adventure to the planet of Knab. Make the right choices while you are there and you can return to the planet Earth. Live dangerously and who knows what may happen!//

**//__Thursday, May 6__//** Module #22 (Cost/Benefits of Borrowing)

//Click// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//here//] //to go to Wallwisher where you will post a sticky note with your response to:// Now that you have learned about disability insurance and life insurance, which do you think is most important and why?

Module #23 (Secured Borrowing)
 * //__Tuesday, May 11__//**

//Respond to the following items using// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Finance Freak//] //Word process your responses and e-mail to// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">jgrams@hlv.k12.ia.us //- What are the four basic strategies of investing?// //- How does a 401K account work?// //- What is "rollover"?// //- How does a 403B account differ from a 401K account?// //- How does an IRA and a Roth IRA differ in tax payments?//

**//__Tuesday, May 18__//** Module #24 (Secured Borrowing)

Module #25 (Consumer Life Cycle)

Module #26 (Income Over the Life Cycle)

//Respond to the following items using// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">[|//Finance Freak//] //Word process your responses and e-mail to// <span style="display: block; font-family: Arial,Helvetica,sans-serif;">jgrams@hlv.k12.ia.is //- What does "buy and hold" mean?// //- Why is real estate a good investment?// //- What is FDIC and how does it protect your money?//