Unit 7: Money Management and Financial Planning

Week 1: Introduction to Money Management

Day 1:

  • How does budgeting help people be fiscally responsible?
  • Introduction to budgeting and spending plans
  • Understanding the importance of creating a budget

Notes Flashcards Activity

Day 2:

  • Differences between needs and wants
  • Creating effective spending plans
  • The Bean Game: Understanding prioritization in spending

Notes Flashcards

Day 3:

  • Factors influencing decisions to buy or rent homes
  • Understanding mortgages and rental agreements
  • Comparing costs of renting vs. buying

Notes Flashcards Activity 

Day 4:

  • Factors involved in buying or leasing a car
  • Understanding auto loans and financing options
  • Comparing costs of vehicle ownership

Notes Flashcards 

Day 5:

  • Review and assessment of money management concepts
  • Final project: Creating a comprehensive financial plan

Activity Unit Review Notes Unit 5 Review Quiz

Week 2: Banking and Financial Services

Day 1: Finding the Right Bank

  • Compare different types of financial institutions
  • Understand interest rates and savings options
  • Evaluate bank fees and services

Notes Flashcards Activity (Savings Plan) Podcast

Day 2: Building Wealth

  • Understanding wealth creation strategies
  • Exploring investment options
  • Retirement planning basics

Notes Flashcards

Day 3: Interest and Fees

  • Understanding APR and APY
  • Impact of interest on debt and savings
  • Calculating compound interest

Notes Flashcards Activity (APR, APY) Unit 8 Quiz 1

Day 4: Payment Types Part 1

  • Comparing cash, debit, and credit
  • Understanding payment applications
  • Evaluating transaction costs and benefits

Notes Flashcards Activity

Day 5:

Week 3
Week 4