Personal Finance B



Unit 3 Managing Your ExpensesDay 1Intro to the classIntroduce syllabusSet up student bindersJournalsNotesHomeworkSpreadsheet ApplicationsVocabularyJournal Prompt: What do you know about filing taxes? Have you ever had to file taxes? What do you know about sales tax? How are income taxes and sales taxes related?Chapter 6 Cash PurchasesLesson 6.1 Sales TaxJournal Prompt: How do you know if a purchase is a good purchase? Have you ever made bad purchases? What type of information would you need to decide if you should make a purchase or not?Vocabulary:Sales TaxSales ReceiptTotal Purchase PriceUnit PricingComparison ShoppingCouponsRebatesMarkdownMarkdown RateSale PriceObjective: I can compute sales tax.NotesHomework:Page 255 #1-11Challenge Problem #12Lesson 6.2 Total Purchase PriceObjective: I can calculate the total purchase price.NotesHomework:Page 258 #1-15Lesson 6.3 Unit PricingObjective: I can determine the unit price.NotesHomework:Page 260 #1-14Challenge #15Lesson 6.4 Comparison ShoppingObjective: I can find the best buy based on unit price.NotesHomework:Page 262 #1-12Lesson 6.5 Coupons and RebatesObjective: I can calculate an item’s final price after using a coupon or receiving a rebate.NotesHomework:Page 265 #1-13Challenge Problem #14Lesson 6.6 MarkdownObjective: I can find the dollar amount of the markdown.NotesHomework:Page 267 #1-17, 19-21Challenge #18Lesson 6.7 Sale PriceObjective: I can compute the sale price when the markdown rate is unknown.NotesHomework:Page 271 #1-12, 14-16Challenge #13Chapter 6 ReviewHomework:Page 273 #2-50 evenChapter 6 TestChapter 7 Charge Accounts and Credit CardsLesson 7.1 Account StatementsJournal Prompt: What are the differences between wants and needs? List at least 10 needs and 10 wants. How can you make sure that you can have both? What do you know about charge accounts and credit cards?Vocabulary:Credit CardCharge AccountAccount StatementFinance ChargeUnpaid-Balance MethodAverage-Daily-Balance MethodObjective: I can calculate the new balance on a charge account. NotesHomework:Page 286 #1-13Challenge Problem #14 Lesson 7.2 Finance Charge: Unpaid-Balance MethodObjective: I can compute the finance charge by using the unpaid-balance method.NotesHomework:Page 289 #1-13Lesson 7.3Finance Charge: Average-Daily-Balance MethodObjective: I can compute the finance charge based on the average-daily-balance method – new purchases included. NotesHomework:Page 292 #1-19Challenge #20, 21Chapter 7 ReviewHomework:Page 295 #2-18Chapter 7 TestChapter 8 LoansLesson 8.1 Single-Payment LoansJournal Prompt: Have you ever had a loan? Have you ever given a loan? What were the terms and conditions? What would happen if the loan was not repaid? What would life be like if loans did not exist?Vocabulary:Single-Payment LoanPromissory NoteMaturity ValueTermOrdinary InterestExact InterestInstallment LoanDown PaymentAmount FinancedAnnual Percentage RateRepayment ScheduleFinal PaymentObjective: I can compute the maturity value and interest rate of a single-payment loan.NotesHomework:Page 306 #1-13Lesson 8.2 Installment Loans – Amount FinancedObjective: I can calculate the down payment and the amount financed on an installment loan.NotesHomework:Page 308 #1-20Challenge #21, 22Lesson 8.3 Installment Loans – Monthly Payment & Finance ChargeObjective: I can calculate the monthly payment, total amount repaid, and finance charge on an installment loan. NotesHomework:Page 312 #1-23 oddLesson 8.4 Installment Loans – Monthly Payment AllocationObjective: I can calculate the payment to interest, payment to principal, and new balance.NotesHomework:Page 317 #1-14Challenge #15Lesson 8.5 Paying Off Installment LoansObjective: I can compute the final payment when paying off an installment loan.NotesHomework:Page 320 #1-11Lesson 8.6 Determining the APRObjective: I can determine the annual percentage rate of a loan using a table and a formula.NotesHomework:Page 323 #1-13Chapter 8 ReviewHomework:Page 325 #2-48 evenChapter 8 TestUnit 4 Making Financial DecisionsChapter 9 Vehicle TransportationLesson 9.1 Purchasing a New VehicleJournal Prompt: What are some financial decisions young people face? What financial decisions do you need to make when shopping for a vehicle? What costs come with owning a home? How does your health insurance protect you from risk? What does it mean to invest your money?Buying, Leasing, and Renting Costs graphic organizerVocabulary:Sticker PriceBase PriceOptionsDestination ChargeDealer’s CostUsed-Vehicle GuideLiability InsuranceCollision InsuranceComprehensive InsuranceDeductible ClauseAnnual PremiumVariable CostsFixed CostsDepreciationLeaseClosed-End LeaseOpen-End LeaseRentObjective: I can compute the sticker price of a new vehicle.NotesHomework:Page 342 #1-11Lesson 9.2 Dealer’s CostObjective: I can calculate the dealer’s cost of a new vehicle.NotesHomework:Page 344 #1-14Lesson 9.3 Purchasing a Used VehicleObjective: I can calculate the average retail price or wholesale price of a used vehicle. NotesHomework:Page 348 #1-10Lesson 9.4 Vehicle InsuranceObjective: I can use tables to compute the annual premium for vehicle insurance.NotesHomework:Page 352 #1-10Challenge #11, 12Lesson 9.5 Operating and Maintaining a VehicleObjective: I can compute the total cost per mile of operating and maintaining a vehicle.NotesHomework:Page 355 #1-8, 10Challenge #9Lesson 9.6 Leasing a VehicleObjective: I can calculate the total cost of leasing a vehicle.NotesHomework:Page 358 #1-13Lesson 9.7 Renting a VehicleObjective: I can calculate the cost to rent a vehicle and the cost per mile to drive a rented vehicle.NotesHomework:Page 361 #1-11Challenge #12Chapter 9 ReviewHomework:Page 363 #2-44 evenChapter 9 TestChapter 10 Housing CostsLesson 10.1 Mortgage LoansJournal Prompt: What are some of your expectations for living on your own? Think about money, bills, obligations, location, transportation, and costs of living on your own.Purchasing a Home graphic organizerVocabulary:Mortgage LoanClosing CostsReal Estate TaxesAssessed ValueTax RateMarket ValueRate of AssessmentHomeowner’s InsuranceProperty Damage CoveragePersonal Liability CoverageMedical CoverageLoss-of-Use CoverageReplacement ValuePremiumFire Protections ClassUtility CostsSecurity DepositObjective: I can compute the mortgage loan amount.NotesHomework:Page 375 #1-10Challenge #12Lesson 10.2 Monthly Payment and Total InterestObjective: I can use a table or formula to determine the monthly payment, the total amount paid, and the total interest charges.NotesHomework:Page 378 #1-15Lesson 10.3 Closing CostsObjective: I can calculate the total closing costs. NotesHomework:Page 382 #1-9Challenge #10Lesson 10.4 Allocation of the Monthly PaymentObjective: I can compute the allocation of the monthly payment to principal and interest and the new principal.NotesHomework:Page 385 #1-16Challenge #17Lesson 10.5 Real Estate TaxesObjective: I can calculate the assessed value and real estate taxes for a home. NotesHomework:Page 389 #1-14Lesson 10.6 Homeowner’s InsuranceObjective: I can determine the amount of coverage for homeowner’s insurance.NotesHomework:Page 392 #1-8Lesson 10.7 Homeowner’s Insurance PremiumObjective: I can calculate the annual homeowner’s insurance premium.NotesHomework:Page 394 #1-5Lesson 10.8 Other Housing CostsObjective: I can compute the total housing cost and compare it with suggested guidelines.NotesHomework:Page 395 #1-8Lesson 10.9 Renting or Owning a HomeObjective: I can calculate the average monthly cost of renting a home, and compare the total costs of renting to the total costs of owning a home.NotesHomework:Page 399 #1-15Challenge #16Chapter 10 ReviewHomework:Page 403 #2-56 evenChapter 10 TestChapter 11 InsuranceLesson 11.1 Health Insurance PremiumsJournal Prompt: What do you know about the cost of healthcare? How can families protect themselves from financial loss in case of illness?Insurance Coverage and Benefits graphic organizerVocabulary:Health InsuranceTraditional PlanPreferred Provider Organization (PPO)Health Maintenance Organizations (HMO)DeductibleCo-insuranceCo-paymentLife InsuranceTerm Life InsuranceBeneficiaryWhole Life InsuranceCash ValueLimited Payment PolicyUniversal Life InsuranceObjective: I can compute health insurance premiums.NotesHomework:Page 418 #1-14Challenge #15Lesson 11.2 Health Insurance BenefitsObjective: I can calculate the amount the patient pays for health care.NotesHomework:Page 421 #1-14Challenge #15Lesson 11.3 Term Life InsuranceObjective: I can utilize tables to compute the annual premium for term life insurance. NotesHomework:Page 425 #1-14Lesson 11.4 Other Types of Life InsuranceObjective: I can apply tables to data to compute the annual premiums for three types of life insurance.NotesHomework:Page 428 #1-11Challenge #12Chapter 11 ReviewHomework:Page 430 #2-42 evenChapter 11 Test ................
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