Warm-Up: Review the “Steps Out of Debt” found on page 89.
Terms to know: Foreclosure, repossession, bankruptcy, garnishment, surrender of collateral, and delinquency Groups will take 20 minutes to design a poster highlighting the consequences of not repaying debt.. Include words and Images Video 3.1 “The Credit Score pg. 92 Test Friday
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Go over tomorrow's conference details.
Warm Up: Review Minimum Payment vs. paying cash Group Activity: Debt Snowball Assignment/Homework: Hidden Cost of Credit. Due by the end of class. Review: Difference between debit and credit
Assignment: Making the Minimum Debt vs. Wealth Building Video 2.6 Group Activity: Debt Snowball Nic, Samantha, and Amne share car projects
Credit Cards Video 2.5 Fine Print on offers Share Drive Free Time LInes
Read Three Huge Ways You Lose When Buying a New Car pg. 83 Watch Video 2.3 Truth About Car Loans Continue working on Drive Free Timeline. We will present it on Wednesday. Assignment: Complete “True Cost of Ownership” Students will use Edmunds website https://www.edmunds.com/tco.html Pick a Brand New Car to calculate the true cost of ownership for that car over the 5 years you would own it. For each year calculate the costs in each category and put it on a spreadsheet. Use formulas to do the calculations for you.
Buying a Car, Driving Free Plan (Timeline)
Assignment: Realities of Cash Advances Go to checkngo.com or any other paycheck advance website and answer the questions on the worksheet. Video 2.2 Truth About Car Loans Meeting with Mrs. Rubio regarding the Temecula Innovation Conference
Warm Up:
US Debt Clock http://www.usdebtclock.org/#www.usdebtclock.org/# What is the national debt ceiling? Read Article and answer the questions http://money.cnn.com/2015/09/14/news/economy/debt-ceiling/index.html
Activity:Students will look up articles online that demonstrate the Devastating Effects of Debt on American Households Financial Myths Watch video 1.2 Discuss journal question and read sidebar on pg. 78-80 Students will write in their journal the differences between secured and unsecured loans Share examples in class Watch video 2.1 Video 2.2 Truth About Car Loans Present Keynotes of the “Moving Out Budget”
Be sure to send the keynote and spreadsheet to Mrs. Jenkins by 8:15. ***Email Mrs. Jenkins a screen shot of your grades by 8:15 for eligibility to attend the Temecula Innovation Conference |
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