PERSONAL FINANCE

AND VALUE

CHARACTERISTICS

ROGER EAKINS

KAREN MASSIE

WINOHAM H.S.

MAY 7, 1999

We will be team-teaching in an inclusion class next year. We will

Have approximately fifteen regular students and five special education

students. Since this is a Proficiency Math course, we are required to

prepare the students for the ninth-grade proficiency test. In doing so, we

need to review the basic concepts of fractions, decimals and percents.

We will incorporate into our curriculum a unit on balancing a checking

account and a unit on buying car.

We will also review basic Economics vocabulary, and teach the

students ways to be financially responsible. We will teach a unit on credit

card debt. We will compare the costs of purchasing items with cash versus

using a credit card. We will go over the advantages and disadvantages of

credit cards and their dangers. We will also teach the students different

ways to save and invest money.

OBJECTIVES

-Students will be able to fill out a check completely and correctly; with the correct date, money amount etc.

-Students will be able to make correct entries in a checkbook.

-Students will be able to fill out deposit slips correctly: with correct date and money amounts.

MATERIALS

-Sale papers from newspapers (students pick out and add up purchases).

-Sample checks and deposit slips on transparencies.

- Blank checks and deposit slips.

OBJECTIVES

-Students will be able to reconcile a check book when a banking statement is received.

-Students will add and subtract deposits and withdrawals correctly, to the penny.

-Students will be able to find and correct their errors.

MATERIALS

-Samples of bank statements on transparencies.

-Copies of banking statements and checkbook registers.

OBJECTIVES

-Students will compare the purchase of items using credit cards vs. cash (compute interest rates etc.).

-Students will be able to recognize advantages and disadvantages of using credit cards.

-Students will be able to recognize ways to avoid credit card debt.

MATERIAL S

-Sale papers (students will pick out and add up purchases).

-Transparencies of monthly credit card statements.

-Samples of credit card interest rates.

-Worksheets with problems to solve, using different APRs.

OBJECTIVES

-Students will determine if buying a car is a want or a need.

-Students will consider the purchase of a car (according to their projected income).

-Students will be able to recognize the importance of "delayed gratification" in regards to what kind of car they purchase.

-Students will purchase a car with cash.

-Students will purchase a car with a 3, 4, or 5-year loan.

-Students will compare how much money is saved by purchasing a car with cash vs. a loan.

-Students will also compare how much interest is saved by using a 3-year loan vs. a 4 or 5-year loan.

MATERIALS

-Automobile classified ads from newspapers.

-Transparencies with problems involving car purchases.

-Worksheets

OBJECTIVES

-Students will be able to recognize the benefits of saving money early in life.

-Students will be able to identify different ways to save and invest money.

-Students will be able to compute compounded interest.

-Students will be able to use the "Rule of 72".

MATERIALS

-Transparencies with different ways to save and invest money, each having different interest rates, minimum amounts etc.

-Worksheets.