Week 3 - Buying Decisions & Money Management
Post date: Sep 23, 2019 8:22:13 PM
Monday 9/30
Journal - Write down 5 big purchases that you will need to borrow money for in the next 20 years. Why is it important to you that you purchase each of these things? How long will it take you to pay for each of these things? For each item, how much interest do you think you'll be charged for borrowing the money?
Classwork - Foolproof #2 and #3
Tuesday 10/1
Journal - Write down (in as much detail as possible)
3 financial goals that you have:
1 for the next 3 months,
1 for the next year, and 1 for the next 5 years.
You will be assigned 1 of the topics below.
You and your group will prepare a 5 minute audio/visual
presentation on that topic.
Each group member should spend...
5-7 minutes quietly researching & writing ideas
(at least 5 sentences)
in your journal (date and label it so I'll see it on Friday)
5-7 minutes discussing, planning & preparing your
presentation with your group
4-6 minutes presenting (all group members must contribute)
- Decision making (p19-21)
- Types of expenses (p25-27)
- 6 steps to a winning spending plan (p29-31)
- Cruise to the finish line (p32-33)
- Money 911 (p34-35)
- 7 Ways to strike back (p36-37)
Due on Friday 10/4 (when I check your journal)
-> 5-7 sentence summary of your topic,
3-5 sentence summary of each other topic (6 topics total);
Information on all topics can be found on the following pages
in your"Module 1: Money Management" textbook
Wednesday 10/2
Journal - What is 1 thing that you would like
to buy over the next 3 months - 2 years?
Make it a SMART (Specific, Measurable, Attainable,
Relevant, Timebound) goal.
In-class activity - Create a google presentation explaining how you
would use the 6-step decision making process (on page 20)
to make a decision on what to buy. Your explanation must include
each of the 6 steps and must provide links to all expenses.
Title it "(Your name)'s Buying Decision"
Share your presentation with jcotter@assabet.org
You can do this project individually or in a group of 2.
Due Friday at 8am
Classwork -
1) Finish your "Buying Decision" presentation
2) Finish "foolproof #2" and "foolproof #3" (extra credit)
Friday 10/4
Journal - Write down 7-10 sentences about what you learned
while preparing your "buying decision" presentation
(or anything else you learned this week)
In class - "Buying Decision" presentations
If we have extra time..."Foolproof Jeopardy"
Closing Journal - What did you learn from listening to
your classmates' presentations?
Stuff due today:
- week 3 journal entries
- "Buying Decision" google slideshow
- foolproof #2 (and #3 for EC)
Due next week (Oct 15th)
- a log of 7 days of expenses
Homework Due Oct 15th - write down everything you spend
money on for a week.
Thursday 10/3 -
Review the list below, putting a:
1 next to those that are needs for you,
a 2 next to high priority wants, and
a 3 next to low priority wants.
You can leave some blank if they don’t fit into your lifestyle at all.
Fill in the two empty boxes with items we haven’t included.
In your journal, write 7-10 sentences explaining how you decided what were needs,
high priority wants, and low priority wants.