Financial Literacy

Homework: Review Notes

Opening

(I Do)

Standards

FIN-FL-4

Develop and evaluate a spending and savings plan while applying rational decision making to personal spending and saving choices.

Learning Target(s) related to the standard(s)

•             I can identify needs versus wants

•             I can identify the difference between a fixed and variable expense

•             I can identify the components of a budget

•             I can work with others to create a budget for a group

•             I can identify ways to start saving for the future

Success Criteria

·         I can explain how limited personal finance resources affect the choices people make

·         I can identify the opportunity cost of financial decisions

·         I can create and manage a budget

·         I know the importance of taking responsibility for personal financial decisions

·         I know how to apply a decision-making process to perfonal finance choices

·         I can explain how inflation affects spending and investing decisions

·         I know how to design a plan for earning, spending, saving, and investing

·         I can apply fractions, percentages, and ratios to solve problems related to spending and savings.

Introduction/Connection/Direct Instruction

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• Daily 10  – see overhead projector, prepare to share/discuss

•             Needs vs. Wants

•             Dave Ramsey’s Foundations in Finance: Budgeting

•             Budgeting and Spending Plan Notes

•             Dave Ramsey’s Foundations in Finance: Bargain Shopping

•             Dave Ramsey’s Foundations in Finance: Money and Relationships

Work Period

(We Do, You Do)

Guided Practice

Collaborative Practice

Indepdendent Practice

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• Budget Practice 

• Vocabulary assignment
• Budget Problems
• Bargain Shopping Assignment
• Budgeting money with college roommates project
• Dave Ramsey’s Guide to Budgeting
• Monopoly Budgeting Activity
• Study Guide

Differentiation

•             Individual and small group work

•             Collaborative pairs

•             Printed handouts where needed

Formative/Summative Assessments

(We Check)

Assessment Uses/Strategies

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·         Students will have an ongoing assessment to check for Employability Skills.

•     Students will take an exam to assess their knowledge budgeting and saving.

Closing

(We Check)

Summarize/Share

•             TOTD

Schoolwide Instructional Focus

Literacy (Reading and Writing)

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Every Monday and Wednesday I require my students to read and business or finance related current event. They then write a short summary and opinion on the article and share with the class.

Attachments:

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