Read Exploring Business – Chapter 14.1. Watch Intro to Personal Finance video. Complete the Financial Planning assignment and turn it in at the end of the period. Learning Targets: Define personal finances and financial planning. Explain the financial planning life cycle. Discuss the advantages of a college education in meeting short- and long-term financial goals. Describe the steps you’d […]
Read Exploring Business – Chapter 14.2. Watch Compound Interest video. Watch this video on Savings and discuss the five foundations. Discuss this article. Learning Targets: Explain compound interest and the time value of money. Discuss the value of getting an early start on your plans for saving.
Read Exploring Business – Chapter 14.3. Watch this video on Cash-Flowing College and this video on Cash-Flowing $120,000 in College. Watch Zero-Based Budget video and How to do a Budget video. Complete the Quick Start Budget worksheet. Learning Targets: Identify the three stages of the personal-finances planning process. Explain how to draw up a personal net-worth statement, a personal cash-flow statement, and a personal budget.
ARTICLE: What Is a Budget? Now that you’ve had a chance to see the challenges of balancing all of the things that you wanted to do for Enzo with the needs of day to day life, let’s get back to basics and consider the reasons that you would want to create a budget. Why is budgeting […]
Watch Borrowed Future and fill out worksheet packet. Learning Targets: I understand the main message of the documentary: the student loan industry has built a system that actually works against its borrowers—often destroying the futures it claims to support. If I am planning to attend college, I have a plan to pay for tuition that […]
ARTICLE: What’s the Difference Between Fixed and Variable Expenses? When creating your budget, it’s important to realize that not all expenses are the same. There are actually two distinct types of expenses – fixed and variable. Read this article, stopping at Budgeting for Fixed and Variable Expenses, to learn about these types of expenses. Then, […]
QUESTION OF THE DAY: What percent of 18-29 year olds are currently living with their parents? ARTICLE: How to Decide Where to Live One of the first steps that you make when setting up a budget to rent or own a home is to figure out where to live. There are many factors that go […]
QUESTION OF THE DAY: How much does the average American household spend on transportation per year? REFERENCE: The American Commute As you saw, Americans spend a lot of money on transportation on an annual basis. Scroll down to the chart in this article to take a look at what types of transportation Americans primarily use […]
ARTICLE: What’s the Difference Between Fixed and Variable Expenses? When creating your budget, it’s important to realize that not all expenses are the same. There are actually two distinct types of expenses – fixed and variable. Read this article, stopping at Budgeting for Fixed and Variable Expenses, to learn about these types of expenses. Then, answer the […]
QUESTION OF THE DAY: Groceries or Restaurants: Where are Americans spending more money? INTERACTIVE: What You Spend The first step to setting up a monthly food budget is figuring out how much you should be spending. This can vary wildly from household to household. Fortunately, the U.S. Department of Agriculture releases a report each month […]
