In the lesson you learned that a market economy is where the prices
of services and goods are determined through a free system. Tell what
you think an advantage and disadvantage is of this type of economy.
This Economy can be beneficial to some and hurtfu
The True Cost of
1. Research a new car and complete the new car chart below.
2. Research the same make of car but one that is two years older and complete the two-year-old car
New Car: Chevy Cruz
1 Year of
College With The
End In Mind
Ms. Audrey Goldstein
Based on the review material in Section 1 and Section 2, highlight some of
the things the former students had to sacrifice in order to pay back their
One of t
2.06: The Power of Compound Interest
A Way to Build Wealth
In this activity you will investigate the impact time and rate of
return have on savings and assess the lump sum needed to reach
a specific investment goal.
Utilize the Investing Cal
06.03: Buyer Beware, Part 2
What is the total amount Kelsey and Cody financed, including
$153 for tax and $75 for delivery?
Kelsey and Codey financed a total of $2,883.
According to the conditions stated in the disclosure statement,
how much are their
Module Ten Text Questions
1. A company calls you to say that you won a free trip to the Bahamas. In
order to claim the prize you must give them your social security number.
What should you do in order to find out if the prize is legi
Module Six Text Questions
1. Think about your life, home, automobiles and possessions.
What type of risks/accidents can happen to each of these? What
type of insurance would you recommend to protect against each
of these risks?
Some of the
Module Five Text Questions
1. You get your first W-2 tax form to file. Your boss has been at the company
for over 20 years and also has to file a tax form. Do you think you both will
pay the same amount in taxes? Why or why not?
Module Seven Text Questions
1. What are some factors that influence how individuals invest their
money? What should individuals keep in mind when investing money?
Some factors that influence how individuals invest their money is their
Module Eight Text Questions
1. Credit card can be a wonderful item to have. However, they can also
create problems. How can individuals protect themselves from financial
difficulties when they make purchases with credit? What should s
Module Two Text Questions
1. You learned in the lesson how the stock market influences the economy. Do you have to own
stocks to be impacted personally by the change in the market? Explain why or why not.
You do not have to own stocks
08.04: Types of Investments, Part 1
A. Investment Risk Least to Greatest
B. Investment Return Least to Greatest
I would invest in mutual funds. The main reason is that mutual funds have diversifi
Food For Thought
Eggs / large
3 pack b
Often you may see advertisements for items as freebies. Describe
how the items may not actually be free and the impact they have on
people who receive them. Have you ever had an experience with a
freebie? No item is ever just a freebie. Nothing is free
A Shared decision-making process involves having two or more
people negotiate or compromise to make a financial decision. Have
you ever been involved in a share decision-making process with your
family? If so, explain the situation and what input you g
Impact of Daily Decisions
Cost Per Day
Cost Per Month
Soda (5 days/
(1 day/ week)
Opportunity Cost: If Invested at 12%
Robert Smith; May 14, 2106
1.05 - Money, the American Way
1. Carefully review all videos in this lesson.
2. Complete the reading and activities for this lesson.
3. Answer two questions on history of credit in America.
4. Write one paragraph on
Name of program(s) watched: Banoodle, Skittles
Date/time watched: July 10, at around 2:50 p.m.
Number of commercials: 2
Examples of products/services advertised: A banoodle, and a bag of skittles
Complete the table below for two
Choice One Disclosure
1. Open and carefully review the Sample Disclosure Statement in the lesson.
2. Using this document, answer each of the following questions.
Explain when this credit card company can adjust the APR.
The APR can be adjusted
3.07 Text Questions
1. Emotions can play a big part in our financial decision making process.
Have you ever purchased something based solely on your emotions? If so,
what did you buy and how did you feel about your purchase? Do you th
Module Four Text Questions
1. A friend received a lot of money as a birthday present and does not
know what to do with it all. Knowing what you have learned about different
types of accounts. What would you suggest they do with the mo
Chapter 4 notes
Annual fee: A yearly fee that is charged by the credit card company for the convenience of the credit
Annual percentage rate (APR): Cost of borrowing money on an annual basis; takes into account the
interest rate and other related fee
Budget: A written cash flow plan
Cash Flow Statement: A summary that shows total income and spending for a given time period
Carbon Check: A copy of each check you write
Envelope System: Series of envelopes that are divided into categories (food
Chapter 7 Notes
Auction: A public sale in which property or items of merchandise are sold to the highest bidder
Consignment shop: Retail store where people sell items and the owner of the shop gets a percentage of
Cost-benefit analysis: The proce
Consumer: A person or organization that uses a product or service
Credit: The granting of a loan and the creation of debt; any form of deferred payment
Debt: An obligation of repayment owed by one party (the debtor/borrower) to a second party (the
Chapter 6 Notes
Branding: The promotion of a product or service by identifying it with distinct characteristics (usually
associated with public perception, quality, or effectiveness)
Brand recognition/awareness: Refers to the public's ability to recall an
C HAP T E R 3
Foundations in Personal Finance High School
To begin your journey toward financial success!
Car & Repairs
Restaurants / Ea
Name of program(s) watched: The Last Ship
Date/time watched: 9/2/16 10:00
Number of commercials: -/+40
Examples of products/services advertised:
Sams Club, Lexus, Ipads
Complete the table below for two of the commercials viewed.
Choice Two Payment
1. Open and carefully review the Minimum Payment Schedule in the lesson.
2. Using this document, answer the following questions.
o How much total interest will Zach pay? $1119.57
o How many years of payments will he have? Alm
Many people may think that the only solution to pay for college is to take out student
loans. While student loans are an option they are certainly not the only and or best solution to
paying for college. Some colleges are more expensive than others, and m
1. What is the total amount Kelsey and Cody financed, including $153 for tax
and $75 for delivery?
a. Kelsey and Cody financed $2773.
2. According to the conditions stated in the disclosure statement, how much
are their monthly payments?
a. Kelsey and Cod