Financially Free
Essential Questions
-How can I make good financial decisions and be Financially Free?
-Are credit cards, student loans, and mortgages good for you?
-How does exponential growth and decay affect your life?
In this project you will learn how credit cards can be great to have if you use them well and terribly if you use them poorly. You will also do calculations for student debt, mortgages, and investments like IRA's and 401k's.
Deliverables
-You will create Excel Spreadsheets to calculate monthly payments for
-Mortgages (30 fixed vs 15 year fixed)
-Credit Card Debt Examples
-Investments for IRA's
-A financial plan explaining how you will become a millionaire by getting a college degree and finding a job earning $60,000 per year
Articles to Read:
http://www.distance-education.org/Articles/College-Debit-Cards--Should-You-Sign-Up-For-One--638.html
Here are some YouTube videos you can watch for help: http://www.youtube.com/watch?v=20ycC_GY56Y or http://www.youtube.com/watch?v=R0K1j69IUJo
Want a deeper understanding of credit cards? http://www.comparecards.com/pdf/Introducing_the_Credit_Card.pdf?k=comparewallet06
Want to learn more about stocks and bonds? http://www.comparecards.com/pub/assets/pdf/UNIT_1_Basics%20of%20Investing.pdf?k=comparewallet06