Embedded Files
Project Overview
Project Overview
In the project, students look forward 10-15 years and create a financial portfolio to help them achieve their future lifestyle and monetary goals while also learning about the importance of planning for unexpected adversities. They will create a variety of artifacts—physical and digital—and deliver presentations as they explore the steps required for a secure financial future.
The project is divided into four discrete steps, each of which has an essential question that students will answer.
MY SAVINGS PLAN
How do you plan to save money throughout your lifetime?
MY BUDGETING HABIT
What can you do to help prevent overspending?
MY CREDIT SCORE
How does a credit score influence the things you can buy?
MY INVESTMENT PLAN
How can investing in the markets help you to earn more money?
Student Materials
Student Materials
Project Sessions 1-3: Overview and Objectives
Project Sessions 1-3: Overview and Objectives
Students learn how a good savings plan starts with identifying a savings goal. They understand one of the most effective ways to save is to consistently put money aside and watch it grow. They do so by applying the Rule of 72, which determines how long an investment will take to double given a fixed annual rate of interest.
STUDENTS WILL:
Examine anticipated income and costs for each SMART financial goal.
Develop a savings plan for each of their SMART financial goals.
Mandate Requirements Alignment
Mandate Requirements Alignment
1) Fundamentals of banking for personal use, including, but not limited to, savings and checking and managing to minimize fees.
Project 1: My Savings Plan reinforces the following:
3) Employment and understanding factors that affect net income, including the topics described in subdivision (a) of Section 49110.5.
5) Uses and costs of loans, including student loans, as well as policies that provide student loan forgiveness.
7) Impacts of the tax system, including its impact on personal income, the process to file taxes, and how to read tax forms and pay stubs.
10) Identifying means to finance college, workforce education, low-cost community college options, and other career technical educational pathways or apprenticeships. Financing options covered may include scholarships, merit aid, and student loans.
11) Understanding how psychology can impact one’s financial well-being.
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