Main Street, FBLA



Financial Literacy Project 923290109220For Future Business Leaders of America, it is essential to learn how to make smart monetary decisions and master the basics of financial literacy. Finance is an enormous sector of the business economy and a fundamental aspect of daily life. It is important for high school students to become fiscally aware and to master the skills of efficient money management as they transition from school to career. Members must complete all 4 activities from the list below. Due: February 23, 201900For Future Business Leaders of America, it is essential to learn how to make smart monetary decisions and master the basics of financial literacy. Finance is an enormous sector of the business economy and a fundamental aspect of daily life. It is important for high school students to become fiscally aware and to master the skills of efficient money management as they transition from school to career. Members must complete all 4 activities from the list below. Due: February 23, 2019-1619255207000 Name_________________________________________________ Grade Level____________________Chapter_________________________________________________ Section______________________ActivityDate CompletedAdviser Verification1Complete a monthly budget and then track your finances for 3 months. See form below.2Explain the difference between a credit card and a debit cardExplain how credit cards work. Include the following: Annual Percentage Rate, Billing Cycle, Late Fees, and Accrued InterestExplain the following: What is a credit score?Why is it important to know your credit score?How is your credit score determined?How do you increase your score?How do student loans affect your credit score?3Create a table that defines, in your own words, the following financial options and provides one advantage and one disadvantage of each one. Bank savings account Checking accountMutual FundsMoney market fundsROTH IRA401K4Write a 200-word summary reflecting on your personal financial management and how the completion of this project has affected your financial habits.Teen Budget Worksheet for Activity 1Part A: IncomeSource of Income Month 1 Month 2 Month 3(list amount earned each month)JobAllowanceGiftsOther:Monthly Total Part B: Monthly Expenses:ItemAmount BudgetedMonth 1 Month 2 Month 3(List amount actually spent)SnacksCoffeeBreakfast (eating out)Lunch (eating out)Dinner (eating out)ClothesSchool itemsGas for carCell PhoneInternetComputer SuppliesMovies/Concerts/EntertainmentMusic/VideosHobbiesOther:Monthly TotalsPart C: Monthly Savings:Subtract the amount spent from your total monthly income to get your actual savings/debtTotal Monthly IncomeAmount SpentSavings or Debt (+ or -)Month 1Month 2Month 3Month 1Month 2Month 3Month 1Month 2Month 3Submission: This project may only be submitted by your local chapter adviser using his or her district email account. Advisers should email this project to FinLit@. Projects submitted after the deadline will not be accepted. Advisers: Place all individual projects in one Word document and clearly label it with the students’ name.0238124Please submit the Project Participant Summary List and documentation in the order listed on the checklist.Effectively immediately: The drop boxes are no longer going to be used. Advisers, using their official school email address, should email their chapter's projects to the appropriate email address listed below (capitalization doesn't matter in email addressing). Financial Literacy FinLit@ Projects may be submitted by ADVISERS ONLY.More information can be found on the state website. The adviser should attach each project into one WORD document. Please keep photos size at 4”x4”Participants’ names MUST be included in the participants’ summary to be accepted for credit All pictures and the checklist MUST be included in one single word documentDEADLINE: By 11:59 P.M. on FEBRUARY 23, 201900Please submit the Project Participant Summary List and documentation in the order listed on the checklist.Effectively immediately: The drop boxes are no longer going to be used. Advisers, using their official school email address, should email their chapter's projects to the appropriate email address listed below (capitalization doesn't matter in email addressing). Financial Literacy FinLit@ Projects may be submitted by ADVISERS ONLY.More information can be found on the state website. The adviser should attach each project into one WORD document. Please keep photos size at 4”x4”Participants’ names MUST be included in the participants’ summary to be accepted for credit All pictures and the checklist MUST be included in one single word documentDEADLINE: By 11:59 P.M. on FEBRUARY 23, 2019Project Participant Summary ListPlease create a list with the information below and the names of all chapter members who participated in this project and should receive a ribbon at SLC Chapter: __________________________________________Section: __________________________________________________Adviser: ___________________________________________________Adviser email: _____________________________________________List Member Names Below: ................
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