Module 6: Finance and Financial Planning and Budgeting
“If you don’t know where you are going, you’ll end up someplace else.”
“If you don’t know where you are going, you’ll end up someplace else.”
~ Yogi Berra
~ Yogi Berra
Embedded Files
Module Introduction
For Part A of this Module you will learn about the importance of budgeting and how to prepare a budget.
For Part B of this module, you will explore a slightly different approach to planning and considering your career options. For this task you will consider your ideal life style at 30 years old - What it would look like and then you will cost it out and create a budget to determine how much money you would need to earn to live your ideal life at the age of 30.
From there, you will consider some of your career areas and determine if those careers would be able to afford you the lifestyle you want to live. If not, you may learn that you will have to adjust your lifestyle preferences and/or consider alternative careers that you may not have considered before, but may also find fulfilling.
For Students Taking Co-op for a Second or Third Time, you will also complete Part B.
PART A
Task 1: Planning and Budgeting For Your Future
Planning your Ideal Life at 30
Home Measurements
Purchasing a Home and Understanding Mortgages 101
Using Realtor.com and Grapevine
Purchasing Vehicles
Vehicle and Home Insurance
Completing the Task
Part B: Introduction to Finance
Task 2: Accounting Basics
1. Read the following Google Slide
Intro to Accounting; and complete the exercises below
Task 3: Understanding Bankruptcy
Read the following article and complete the tasks below.
Task 4: Understanding Credit
Read the following google slide note and complete the tasks below.
Understanding Credit note
4.1 Letter To Child Going Off To University/College
Task 5: Income Management
Read the following google slide note and complete the tasks below.
Task 6: Budgeting
Read the following google slide note and complete the tasks below.
Budgeting note
6.1
6.2
Task 7: Banking, Savings, and Investing
Read the following google slide note and complete the tasks below.
7.1
7.2
7.2
Module 6 Task Due Dates
“If you don’t know where you are going, you’ll end up someplace else.” – Yogi Berra
“If you don’t know where you are going, you’ll end up someplace else.” – Yogi Berra
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