2. 1. Which is defined as a financial plan that allocates income towards expenses, savings, and debt? A. Portfolio B. Insurance C. Budget D. Savings account 2. Wendy has $30 taken out of each paycheck that is directly deposited into her savings account. What advantage does she gain by doing this? A. She will be able to work more hours. B. She will be able to deal with unexpected emergencies. C. Her social security benefits at retirement will decrease. D. Her mandatory retirement age will decrease.

3. 3. Which is usually the largest expense in a family budget? A. Car B. Health care C. Housing D. Food 4. Which personal budget item would most likely be classified as fixed expenses? A. Monthly car payment B. Class ring C. Utility bill D. Plumbing repair

4.  Hand back & go over test  Journal: Oprah’s Debt Diet-When budgeting, how much do you think you should allocate to each area? (These are just recommendations)Oprah’s Debt Diet Expenses: Housing, Debt, Transportation, Savings, Other Living Expenses Allocations: 10%, 15%, 15%, 25%, 35%

5. Tell me about an experience that you or someone else had with money that had a negative effect on a relationship. Video 1: Mom That Shopped Her Family BrokeMom That Shopped Her Family Broke  Video 2: Lending Money to Family & Friends (3.5 mins)Lending Money to Family & Friends How many of you guys have any experience with budgeting. What strategy do you use?

6.  Chapter 7 : Budgeting 101- Chapter 7 : Budgeting 101 Video: Part 1 and 2

7.  How to Create a Budget for Teens Worksheet How to Create a Budget for Teens Worksheet

8. 1. Which term is defined as payment for insurance coverage? A. Asset B. Deductible C. Premium D. Rollover 2. Which best describes income received through wages, salaries, bonuses, tips, or commissions? A. dividends B. earned C. interest D. capital gains/losses 3. Which best defines gross pay? A. Wages before deductions are taken out B. Wages before commissions on sales C. Wages before overtime D. How many hours you work

9.  Review Game : Taboo Battle of the Sexes (Review Unit 7 vocabulary words for 5 minutes- 6 Words)  Journal : “Budgeting Basics-What is Budgeting?”“Budgeting Basics-What is Budgeting?”  K-Knew (list something that you already knew)  W-Want to know (list something that you want to know more about)  L-Learned (List one thing that you learned) * Someone read the last sentence of the first paragraph under “Getting the Most Out of Your Money”…make sure your actions line up with your goals*

10.  Dave Ramsey Chapter 7 Budgeting Videos (Workbook notes) -Part 3, Part 4, Bonus Checking  Activity : DR-Student Budget Worksheet (Work in pairs-find someone who you have never worked with before)  Use Oprah’s Debt Diet recommendation (put up on board)Oprah’s Debt Diet  Use Dave Ramsey’s Baby Steps  No two budgets will be the same  Do your best  Make sure staple your work and put both names on your papers.  You may create your own personal budget using your current income or you can use a predetermined amount such as $400 monthly gross income (a realistic amount of money for a high school student).

13.  How To Get Friends To Pay You Back & Other Financial Tips How To Get Friends To Pay You Back & Other Financial Tips  Dave Ramsey Scholarship Opportunity Dave Ramsey Scholarship Opportunity  Dave Ramsey Chapter 7 Budgeting Part 4 & Part 5

14.  How To Write a Check Worksheet *Do not start new activity on the back* How To Write a Check Worksheet I. Amount: $300  Date: 4/11/13  Pay To: Sunny Day Apartments I. Amount: $75  Date: 4/12/13  Pay To: Ameren UE I. Amount: $25  Date: 4/13/64  Pay To: (A person or place of your choice)  Keeping a running balance Worksheet

15. 1. Which law protects credit customers against discrimination on the basis of sex or race? A. Equal Credit Opportunity Act B. Fair Credit Billing Act C. Fair Credit Counseling Act D. Credit Customers Act 2. Which will Bob most likely do with a resume? A. Use to determine his skills B. Fill out during an interview C. Review it for job openings D. Submit it to potential employers 3. Which term or phrase is defined as a general increase in the overall price of goods and services? A. Market value B. Inflation C. Corporate profits D. Wealth

16.  Journal: Budgeting Basics-Budget BootcampBudgeting Basics-Budget Bootcamp  Read article and tweet about 3 of the 6 things to know (TWEET on PAPER use Microsoft word-140 Characters, clever, witty, informational, and opinionated) 3 TWEETS Total- Print  Turn in homework from last class  Video: A 20-Something's Financial Wake-Up Call - Oprah's LifeclassA 20-Something's Financial Wake-Up Call - Oprah's Lifeclass  Activity: Reading a bank statement  Partner Activity: Reconciling an account

17.  Today I learned…  I don’t understand…  I would like to learn more about…  A question I have is…  Please explain more about…  The most important thing I learned today is…  Three things I learned today are…  The thing that surprised me most today was…  I wish…  The best part of class today was… (Submit)