Post by Cyrenn on Aug 2, 2014 8:51:21 GMT -8
Unit 7 - Personal Finance. Part 2
- Borrowing Money
- Investing Options
- Debt and It's Impact
- Making Sound Financial Decisions
Key Words.
- Personal Consumer Loans
- Student Loans
- Mortgage Loans
- Proof of Income
- Loan Contract
- Loan Interest Rate
- Loan Maturity
Borrowing Money
Unit 7 - Power Point
Slides 5-8
Ask students to describe their experiences in obtaining loans, including student loans. Do not let them get into issues about specific people that they may have encountered; only what they have learned from their experiences. If they experiences problems or surprises, what could they have done differently to change the outcome?
Payday Loans
In groups of three or four students, referring to Slide 9 and page 230 in Madura, ask students to discuss the advantages and disadvantages of using payday loans. Have them discuss their personal experience with payday loans. Lastly, should payday loans be outlawed? Take five minutes for a class discussion. Then, have each group list their top two advantages and top two disadvantages. What was their decision on outlawing payday loans?
Payday Loans - Consumer Information
Student Loans
Federal Student Aid: Loan Program Facts Sheet.
Home Buyers Checklist
Home Buyer's Checklist.
Investing in Assets
- Liquid Assets
- House Hold Assets
- Investment Assets
In groups of three or four students, have each group develop a practical plan that would allow them to create a savings plan with three months of normal spending. What would they have to change about their spending habits and how long would it likely take. Have each group describe their plan to the class.
True Cost of Bad Debt.
Sample Credit Report.
HomeWork
Calculating Credit Scores.
Using the Internet and ITT Tech Virtual Library, students will research how a credit score is calculated and what influences the credit score.
Calculating Credit Scores.
- Borrowing Money
- Investing Options
- Debt and It's Impact
- Making Sound Financial Decisions
Key Words.
- Personal Consumer Loans
- Student Loans
- Mortgage Loans
- Proof of Income
- Loan Contract
- Loan Interest Rate
- Loan Maturity
Borrowing Money
Unit 7 - Power Point
Slides 5-8
Ask students to describe their experiences in obtaining loans, including student loans. Do not let them get into issues about specific people that they may have encountered; only what they have learned from their experiences. If they experiences problems or surprises, what could they have done differently to change the outcome?
Payday Loans
In groups of three or four students, referring to Slide 9 and page 230 in Madura, ask students to discuss the advantages and disadvantages of using payday loans. Have them discuss their personal experience with payday loans. Lastly, should payday loans be outlawed? Take five minutes for a class discussion. Then, have each group list their top two advantages and top two disadvantages. What was their decision on outlawing payday loans?
Payday Loans - Consumer Information
Student Loans
Federal Student Aid: Loan Program Facts Sheet.
Home Buyers Checklist
Home Buyer's Checklist.
Investing in Assets
- Liquid Assets
- House Hold Assets
- Investment Assets
In groups of three or four students, have each group develop a practical plan that would allow them to create a savings plan with three months of normal spending. What would they have to change about their spending habits and how long would it likely take. Have each group describe their plan to the class.
True Cost of Bad Debt.
Sample Credit Report.
HomeWork
Calculating Credit Scores.
Using the Internet and ITT Tech Virtual Library, students will research how a credit score is calculated and what influences the credit score.
Calculating Credit Scores.