1. FINANCIAL LITERACY
Choices you make in your young life will affect you for the rest of your life!

2. Day 1 - Scenarios
Each of you will receive a new life, new name – a new identity.
As you read about your life, circle key events or decisions and make note of vocabulary words that you might not understand.
Who likes their new life? Why?
Who doesn’t like their new life? Why?
What life events happened when…18? 25? 35? 45? 55? 65?
These topics will be covered in this unit – FINANCIAL LITERACY!

3. Day 2 – Money Personality
Journal: What does money mean to you? What are your views about money? Are you a spender or a saver? Why do you think you are that way? Do your values influences your views? Your upbringing? Explain.
Share thoughts….
Watch “Your Life Your Money” – Introduction and Making It, Keeping It.

4. Goal Setting S = Specific M = Measurable A = Attainable R = Relevant
T = Time-bound
Money Value Survey
Surprise Gift

5. Day 3 – Need v. Want
In your notebook: Create two columns (need and want) list items in each. Discuss.
Watch “Your Life Your Money” – Make Your Money Work for You.
What are the differences between an atm/debit card, check, and credit card?
How do you write a check? Practice.
Keeping a checking account – deposits vs. credits.

6. Spending Plan/Budget Income – Expenses = Savings Why have one:
Puts you in control of spending and saving
Helps you set priorities
Helps you live within your means
Protects your credit rating
Helps you maintain savings and investments

7. Expense Categories Fixed – stays the same each month (rent)
Variable – Costs each month that change (utilities, groceries)
Periodic – Sometimes unexpected, you don’t pay every month (medical bills, taxes)
Gotta Get It Gauge!

8. Beware of Fringe Banking!
Pawn Shops
Rent-to-Own Programs
Check Cashing Outlets
Refund Anticipation Loans
Payday Lending
Credit “fixers”
Examples…
Homework – personal budgets

9. Day 4 – Bean Budget Divide class into groups of 3-5.
Each group will receive 24 beans and an envelope containing various expenses and how many beans they each cost.
As a group you must decide how to spend your beans.
Add and take away beans as things change!
Millionaire facts: Who wants to be a millionaire?

10. Day 5 - Credit Saturday Night Live clip 4 C’s of Credit:
Collateral – car, house, business
Capital – savings, something that can be sold
Capacity – job, steady employment, existing debt
Character – history of paying bills on time
= Credit Score
Watch “Your Life Your Money” – Digging Out of Debt and Start Saving.

11. Day 6 – The Future
Watch “Your Life Your Money” – Get Insured and Do It Yourself.
Journal: Life is about choices and choices have consequences. What choices will you now make regarding your career and your financial future?
10 Financial Tips for Success! (Handout)

12. Day 7 - Taxes
Powerpoint on taxes!

13. Day 8 – Stock Market Powerpoint on the Stock Market!
Trace a stock assignment.

14. Days 9 & 10 – Survival Guide
In class reading and questions to turning 18 and surviving the future!