1. Financial Literacy Institute February 9 Melissa Groves mgroves@towson.edu Debbie Batchelor dbatchelor@towson.edu

2. February 9 th Topics Standard 4 Standard 6 Technology MSDE Credits Quiz Post-Test

3. Standard 4 Highlights Manage Credit and Debt Why Borrow? Sources of Credit Interest Payment Methods Credit Worthiness

4. Why Learn about Credit?

5. How Would You Like to Pay? Lesson 8 Sources of credit Payment methods

6. Credit is Based on Trust Lesson 12 Credit Worthiness

7. Building Wealth: Piggy Bank Craft A shoe box Some pink paper Scissors Glue/tape Creativity

8. Drew Plans a Budget Decision-Making Spending Plan Goods/Services

9. Allowance Day Coins in my pocket dance around As I walk about the mall. Today was payday for my chores And I am walking tall. It seems the coins are pleading In their jingly, jangly voice: “ Let ’ s buy a toy! ” “ Let ’ s buy some food! ” How will I make a choice?

11. Standard 6 Highlights Manage Risks and Preserve Wealth Insurance Advertising Fraud Identity Theft

12. Be a Wise Consumer Advertising

13. Advertising Techniques HUMOR: The ad makes a person smile so they are more likely to feel like buying the product. BANDWAGON: The ad states that “ everyone ” of any importance is buying the product therefore others should too. TESTIMONIAL: The ad uses a famous person or expert to convince people that a product is better than other products.

14. A Bonus Question! What advertising technique was used in this advertisement?

15. Insurance New Lesson Coming to www.econed.org soon! An agreement that protects you from financial loss in specific cases

16. Federal Reserve Standard 1: Decisions Standard 2: Income Standard 3: Spending Plan ORDER NOW! https://www.newyorkfed.org/publiations/

17. A Kid ’ s Guide to Money Reinforces Standard 1: decision-making, opportunity cost, goal Addresses Standard 2: Relationships between skills and income (page 3) and Sources of income (page 3) To order go to: http://www.clevelandfed.org/learning_center/online_activities/great_minds_think/

18. MSDE Credit Forms Must be filled out in ink Do NOT indicate credit on the form Enter information shown on the screen

19. End: Day 3 Complete quiz. Turn in –ScanTron sheet –Final Evaluation –MSDE Credit Form and Envelope Behavioral Survey: Late Spring 2013 Please spread the word about the next class.