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Welcome to a new year, a new administration, and a fabulous experience! We are Responsible, Respectful, and Proud!
Daily Lessons and Assignments
Period 2 Personal Financial Management
This list includes class lessons and assignments. All assignments are worked on in class, and most should be completed by the end of the period. On the few occassions that students do not complete their work, it must be completed for homework and handed in the next day.
4/13 Use the dining out information to complete the Monthly Entertainment Budget Worksheet. Add information about the cost of entertaining at home, attending concerts or sporting events, going to a movie, renting a movie or becoming a member of a health club. Look at the price of subscribing to a newspaper or magazine, purchsing books or music, saving for a special item, or having a hobby.
4/12 Discuss eating out. Compare costs of eating breakfast, lunch and dinner at a variety of local restaurants. Looking at menus, determine the average cost of a breakfast, lunch and dinner at a restaurant in the local area.
4/11 Complete Food Shopping Comparison Sheet
4/10 Determine ways that you might be able to save money on your grocery shopping. Discuss variety of grocery stores including Stop & Shop, Big Y, Price Chopper, Geissler's and PeaPod. Go online to look at weekly scirculars to compare prices of similar items. Begin filling out Food Shopping Comparison Sheet.
4/9 Complete working on your Grocery Shopping Worksheet. When your weekly sheet is completed, determine how much money you will spend for an entire month.
4/4 - 4/5 Food Budget - Grocery Shopping - Make a shopping list to include all of the items on your menu. Go online to www.peapod.com and browse the aisles. Find the items that you need to complete the weekly shopping list worksheet. Estimate how many items you will purchase, record the brand of the item, the container size, the price of the item, and the total amount of that purchase. Add up the total cost of your shopping trip.
4/3 List foods that you eat for each meal as well as snacks and beverages. From that list, create a weekly menu. Be sure to include 3 meals a day as well as snacks and drinks. Remember that you are an adult, and might have to pack your own lunch for work!
4/2 Food Budget - list the foods we like to eat. Show the food pyramid and determine where each of our favorite foods would fall.
3/27 - 3/30 Clothing Budget Project- Discuss how many items of clothing you will buy in a year, search catalogs, flyers and online to find prices, determine the average cost and complete the clothing budget worksheet. Figure out the amount of money you will spend in one year for purchasing new clothes, then divide it and determine how much you should save each month. Create a poster showing the clothes you will purchase. Use the rubric to self-asses your poster and your worksheet. HAPPY SHOPPING!!
3/26 Complete transportation assessment - Pg. 45 16-18, and Pg. 46 20-25 (use the following information: Volney - $16,995, Jess - $5,406). Complete pag - 47 Glyphs. Discuss other expenses we will have as an adult.
3/23 Continue work on Transportation Assessment.
3/22 Transportation Assessment - Final assessment of topics covered in this section of the personal budget. Page 42 # 1-7, Pg. 43 # 1-2, Pg. 44 # 11,13,15.
3/21 Renting an Automobile has many hidden costs as well as concerns. Be aware of all of the things you should look for! Assessment - pages 40-41.
3/20 Public Transportation - what is available - how do you use it - what is the cost. We looked at commuter bus schedules from Canton to Hartford, determining the monthly cost.
3/19 Look at the yearly costs of operating and maintaining a vehicle. Discuss which costs are variable and which are fixed. Work on pages 30-32.
3/15 - 3/16 Look at www.meineke-torrington.com and www.find.monro.com to find prices for oil changes for vehicles. Based on the chart on page 28 determine the total cost of oil changes for a year for the 4 cars given. Use www1.goodyearautoservice.com or www.townfairtire.com to find prices for tires that would be the correct size for both of the cars that you have chosen. Complete page 28 determining yearly oil change prices, tire prices and average car repair prices.
3/14 Use www.fueleconomy.gov to determine the average MPG for vehicles. Using the chart on page 27, figure out the amount of money you will spend on gasoline for the two vehicles you have chosen.
3/13 Discuss number of miles estimated that will be driven each week. Look at the price of gasoline in the area today!! It's outrageous! Complete worksheet page 26 in packet to determine the money that will be spent each month for gasoline.
3/12 Determine premium for insurance by each type of coverage (pgs. 24 - 25). Using charts on pages 22 - 23 complete first worksheet for Car 1 together (page 24) and complete second worksheet for Car 2 independently.
3/9 Continue practicing use of insurance coverages and driver rating factor by completing pages 19 - 20 # 11 - 18.
3/8 Discussed information on how driver history, including age, driving record, school grades, etc. are used to determine driver rating factor. This is used to determine annual premium. Complete pages 18-19 # 1-10.
3/7 Car Insurance - students copied definitions of the variety of coverages and shared ideas on what each might be.
3/6 Students worked independently on examples of leasing - page 14 - 15 # 3-13. Quiz to assess knowledge on Purchaing a New Auto, Sticker price, Dealer's Cost as well as Purchasing a Used Auto.
3/5 Constinued with ideas about leased cars. Showed chart comparing expenses for all 3 types of cars over the first year, as well as over a five-year period.
3/2 Discussion on car options. Students brainstormed pros and cons of purchasing new or used cars. We talked about leasing a car; what is involved, initial pay out, monthly payments, insurances, etc. We added thoughts on pros and cons to our list.
3/1 Snowy today!!!
2/29 Complete page 11 of packet, listing cars and cost of options that come with it.
2/28 Use Kelley Blue Book to find prices of used cars and determine prices of a variety of options (pg. 11 of packet).
2/27 Discuss purchasing a usedcar and the cost of financing a car. Students chose two cars that they might be interested in purchasing; one which is less than $9,000 and another that can be any price at all. Work on pages 9 and 13 in transportation packet.
2/24 Discuss purchasing a used vehicle. Begin activity pages 7-8 in packet.
2/23 Introduction to Kelley Blue Book (www.kbb.com ). Search site to determine price of vehicles with specific options.
2/22 Discuss class expectations and develop class plan to work toward these.
2/21 Review what overhead dealer's have, and why they raise the cost of new cars. Know how to make an offer on a car that is higher than the estimated dealer's cost, but lower than the sticker price. Independent work page 6 #5-11
2/20 Discuss purchasing a new automobile and what types of options might be available to order. Begin working in transportation packet pages 3 and 4. Independent work page 4 # 8-11.
2/17 Written assessment "Better to own or Rent?"
2/16 Determine the affordability of a house in our area, then compare that same home to what the cost would be in the 10 places that you chose throughout the United States. Review cost of homes throughout world.
2/15 Discuss home affordability across the country. Look at a chart which gives an affordability index across the nation (pgs. 62-63). Choose 10 places across the United States that you would like to compare the affordability of homes (pg. 66).
2/14 Complete Assessment of Skills
2/13 Assessment of Skills - Real Estate Taxes, Homeowner's Insurance, Other Housing Costs
2/10 Continue Save Money and Save Our Earth!
2/9 Save Money and Save our Earth! Work with a partner to find ways to save money on utility bills. Research specific sites and complete the chart on page 50 to list ways that are no cost to homeowners, are minimal cost to homeowners and are a major cost to homeowners.
2/8 Understand use of gas utilities in a house. Look at a typical gas bill and understand how to read it.
2/7 Complete page 37b by recording amounts of chosen condominium, house and dream house, and complete cost of homeowner's insurance based on information from page 37. Brainstorm list of other things that cost money for a homeowner.
2/6 Compute annual homeowner's insurance premium based on the amount of insurance, location of property and type of construction of home as well as fire protection class available in the area. Complete page 37 numbers 2-8
2/3 Continue review of home insurance. Complete page 35 numbers 8-11
2/2 Discuss protection of home by purchasing homeowner's insurance. Show list of what is covered and discuss purchasing a rider for things that are not typically covered. Review insurance vocabulary: loss of use, personal liability, medical coverage, replacement value. Complete pages 34 - 35 numbers 1-7 together.
2/1 Review mill rates in surrounding towns. Complete page 27B. Record amounts of chosen condominium, house and dream house, and complete tax chart based on town they would like to live in and corresponding mill rate.
