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Mr. Ostman |
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Personal Finance Class-
Chapters 1 & 2 Vocabulary Review Your first assignment is to review your vocabulary and concepts in Chapters 1 & 2 through a game called Concentration. Go to the following website: Click on "How To Play" for directions. You want to be timed so click on this option. You may play it as many times as you would like (within the class time). The top three times with the most pairs in the least tries will receive extra credit and the best time will get the most (10 points). Print the page with your score or let me see it to verify it. Write your score below: _______ pairs in ______ tries and my time was __________for ch. 1 Next, do chapter 2. Go to the following website: Write your score below: _______ pairs in ______ tries and my time was __________for ch. 2 Do the practice test for chapter 1 at the following website: http://glencoe.mcgraw-hill.com/sites/0078687128/student_view0/unit1/chapter1/practice_tests.html You do not need to submit your answers, just write your score here: Do the practice test for chapter 2 at the following website: http://glencoe.mcgraw-hill.com/sites/0078687128/student_view0/unit1/chapter2/practice_tests.html You do not need to submit your answers, just write your score here:
Continue the personal finance modules. Work through module 8. Go to the following site and log on using your log in name and password I gave you in class. http://www.moneyskill.org/curriculum/launch.cfm Your score will automatically be graded and sent to me when you are done. You may continue on to the next one if time allows as we will complete all the modules with a green check next to them throughout the trimester. Remember, your grade will be your average times 2 out of 200 points and weekly you will receive a completion grade. -
Chapter 3 Online Activities Sections 3.2 & 3.3 You will have two websites to navigate through for today’s activities. Chapter 3 Online Activities Section 3.1 Click on "How To Play" for directions. You want to be timed so click on this option. You may play it as many times as you would like (within the class time). The top three times with the most pairs in the least tries will receive extra credit and the best time will get the most (10 points). Print the page with your score or let me see it to verify it. Write your score below: _______ pairs in _______ tries and my time was ______________ The next part will be an activity on "Tracking Expenses and Budget". Go to the following site and log on using your log in name and password I gave you in class. http://www.moneyskill.org/curriculum/launch.cfmYour score will automatically be graded and sent to me when you are done. You may continue on to the next one if time allows as we will complete all the modules with a green check next to them throughout the trimester. Cell Phone Comparison Go to the Let’s Talk website (Link Below) to compare cell phone information. Choose the plan that is most appropriate for you. http://www.letstalk.com/product/findProducts.htm?pgId=101 Cell Phone Comparison Chart
Which plan can you afford and why would you choose this plan? Is it different than the plan you have now? Chapter 5 Online Activities Your first assignment is to review your vocabulary and concepts in Chapter3 through a game called Concentration. Go to the following website: http://www.glencoe.com/olc_games/game_engine/content/gln_ba/bpfinance/chapter05/game1_type_4/index.htmlClick on "How To Play" for directions. You want to be timed so click on this option. You may play it as many times as you would like (within the class time). The top three times with the most pairs in the least tries will receive extra credit and the best time will get the most (10 points). Print the page with your score or let me see it to verify it. Write your score below: _______ pairs in _______ tries and my time was ______________ Register for my stock market game like you did in Economics Class. On this site at the top, click on "Stock Market Game" and follow the steps to register. The next part will be the personal finance module. Work through module 12. Go to the following site and log on using your log in name and password I gave you in class. http://www.moneyskill.org/curriculum/launch.cfmYour score will automatically be graded and sent to me when you are done. You may continue on to the next one if time allows as we will complete all the modules with a green check next to them throughout the trimester. For Wednesday, april 30, 2008 First go to http://glencoe.mcgraw-hill.com/sites/0078687128/student_view0/unit2/chapter5/practice_tests.html And take the Chapter 5 practice test and record your score below after I see it or print it off and staple to this sheet SCORE:__________
Go to the following website and read the article on “Can you teach your kids to be rich?” and answer the questions. Use the backside if you need more room. Questions 1. What are three key characteristics Dr. Cora has identified that she believes most wealthy people possess? Do you feel you possess any of these? Explain with examples 2. How many states require financial education, according to the National Council on Economic Education? (MI is NOT one of them!) 3. Miller and his wife, Sheri, felt it was important to show their kids how to watch expenses. How do the try to set a good example? Explain what this means. 4. How will Steve Miller’s son, Benji, accumulate $140,000 by the time he is 24? 5. So what do you think? Can wealth be taught? Can you relate to financial lessons taught at home? Give an example of a good or bad lesson on finances. Next… Complete up through module 14 on http://www.moneyskill.org/curriculum/launch.cfm website. After class today, I will grade up through module 12 (based on completion AND your score). Check/update your stocks as well (http://vse.marketwatch.com/Game/Homepage.aspx). Chapter 6 Online Activities Go to the following website to begin: TV411: Using Credit Cards Wisely (Flash plug-in required) http://www.tv411.org/lessons/cfm/math.cfm?str=math&num=21&act=1 This interactive lesson reviews percentages and decimals while teaching valuable information related to credit cards. Review basic credit card terminology. As you do this define the following terms: Grace Days or Period: Schumer Box: See how finance charges can add up over time. Write down the 10 multiple choice answers: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Learn ways to pay off credit card debt. In the last section (part 3), The good, the bad and the ugly, keep track of the total amount of “yes” answers and “no” answers with tally marks. YES total: NO total: Use the following site to evaluate a credit card that you might use RESPONSIBILY one day. Follow the directions and provide accurate information to get the right card for you. http://www.mint.com/credit-cards/ Write down the following information on the card (Click on the card name for this info) you chose. Issuing bank: APR thereafter the intro rate: Annual fee: Rewards: List atleast 3 Card Features you like: The next part will be the personal finance module. Work through module 20. Go to the following site and log on using your log in name and password I gave you in class. http://www.moneyskill.org/curriculum/launch.cfm Your score will automatically be graded and sent to me when you are done. You may continue on to the next one if time allows as we will complete all the modules with a green check next to them throughout the trimester. Go to the following site and get two sample FICO scores. You must say you have a credit card and/or a loan. Pick choices to get a very high FICO score and choices to get a low score. Write those scores below FICO Score Estimator High Fico score range______________ Low Fico score range______________ Next, go to the following site to see the impact of a great verses a poor FICO score: http://www.myfico.com/myfico/creditcentral/loanrates.aspx The Loan Savings Calculator shows how FICO® scores impact the interest you pay on a loan. Select a typical home loan of $100,000 in step 3, then in step 4, click on 760-850 and go back up to step three and click on “calculate”. (Just leave all other steps as they are) Write down how much more you would have to pay just in interest for all the ranges below 760-850.
This the most dramatic savings (or expense) you may experience in obtaining and keeping a great FICO score Go to the following site: http://www.myfico.com/crediteducation/questions/ Pick 5 questions that interest you and click on them, select the question AND answer and then hit print, selection and staple it to this paper. You may cut and paste these into a Word doc and just print all five at once. Read the article at this site and answer the questions on the back of this page. http://www.edmunds.com/car-loan/avoiding-credit-hassles-at-the-dealership.html OPTIONAL…. But worth remembering FICO Score Estimator Calculate your credit-worthiness using this ten question interactive tool. Your FICO score is an indicator of your current credit health since it is an evaluation of your credit history. Free Credit Report Online Use the above-referenced site to obtain a free credit report from a secure server. Federal law grants all Online Activities on Credit Cards Reading your credit card bill. Go to the following site and define the parts of your bill below. http://www.practicalmoneyskills.com/flash/bank_tutor/index.html Credit line- Credit available- New Balance- Minimum Payment Due- Transaction List- Finance Charge Summary- Credit card Information and Quiz. Read the article on the following site and then take the quiz that follows and write down your score. http://money.cnn.com/magazines/moneymag/money101/lesson9/index.htm To pay off your credit card bill. Go to the following site and calculate the numbers. http://www.bankrate.com/calculators/credit-cards/credit-card-payoff-calculator.aspx If you have the average credit card bill of $10,700 at 19.9 % APR and make the minimum monthly payment of $214 (which is 2% of balance), how long will it take to pay off the card and how much interest will you pay? Number of months _________ Total amount to be repaid = (months times $214)=________________ Total interest only ( total to be repaid minus $10,700)=__________________ Continue on with the moneyskill module through 25. Finally, check and update your stocks AND write down your screen name on the website.
Chapter 7 Online Activities Go to the following site and write down the answers to the questions. http://www.tv411.org/lessons/cfm/math.cfm?str=math&num=30&act=1 Mortgage Vocabulary. Write down the 9 multiple choice answers: 1. 2. 3. 4. 5. 6. 7. 8. 9. How much can you afford?. Write down the 8 fill in the blank answers: 1. 2. 3. 4. 5. 6. 7. 8. Factoring your Mortgage. In the last section (part 3), keep track of the total amount of “yes” answers and “no” answers with tally marks. YES total: NO total: Go to the following site and write down 10 ways you could save money with your lifestyle right now. http://www.smartaboutmoney.com/ResourceLibrary/SearchResults/tabid/442/default.aspx?m=832&RID=118 Go to the following site and write down the 5 steps for Budgeting for Lazy People. http://www.mint.com/blog/the-motley-fool/budget-management-for-lazy-people/ Go to http://www.elementslink.net/mi-safcu and scroll down to the “Quiz Show ?” section. Take all three quizzes and record your score below: New! Are you money smart? Go to http://cheboygan.suddenvalues.com/ and check out the local coupons you might like to use. Complete up through module 25 on http://www.moneyskill.org/curriculum/launch.cfm website. Check/update your stocks as well (http://vse.marketwatch.com/Game/Homepage.aspx Mortgage Webquest Highlight and print 5 questions related to home buying you are interested in from either site below: http://www.hud.gov/offices/hsg/sfh/buying/buyhm.cfm http://www.newbuyer.com/homes/homeguide/index.html Go to the following website and click on mortgage calculator (First bullet under Responsibilities that come with a mortgage) http://www.freddiemac.com/corporate/buyown/english/mortgages/what_is/ The calculator is preset to a $100,000 mortgage at 6.5% for 30 years. Leave everything the same, but in the row labeled “Years before you sell or pay off loan” , change this to 30. Click on the Tables tab and answer the following questions. You only need to focus on the part labeled Your monthly schedule of payments – Fixed: 1.) For your first payment in month 1 of $632, how much of that goes to pay off the principle and how much for just the interest on the loan? 2.) After the first year (look at the 12 month row), how much interest have you paid and how much do you still owe of the $100,000 loan? 3.) Flip or scroll to the end of the FIXED chart (look at the 360 month row). On the $100,000 loan how much would one pay in total interest only? Go to http://www.homes.com/ and start with Cheboygan zip 49721 or any city you would like to live in. Find at least two listings of homes- one at a practical price and one very high. House #1 House #2 Price: Price: City: City: Square ft: Square ft. Please check the Treasury's Challenge website (challenge.treas.gov) for the latest information and to review the instructions for delivery. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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