Money and You

Go to the website

  • Click on the red button to enter the program
  • Select START above 6th-8th grade Teens --the program will automatically start.
  • Select either English or Spanish
  • When you have completed each section mark the number with an X --to remember what sections you have covered. In user options on the right -use the index to find the lesson you are on after the first day.
  • As you are listening or reading you need to answer the questions below. Read 2 or 3 questions first and then listen – watch for words in bold to help you answer the questions below.
  • Use the arrow in the bottom right corner to go back, play or pause in a lesson, or fast forward.

Introduction: 1

You and Your Money:1 2 3 4 5 6 7 8

  • The cash and coins we use are also called ______
  • People put their money in a ______for safekeeping.
  • Interest works both ways. You ______interest if you’re saving money and you ______interest if you borrow money from the bank
  • Name the 5 services that banks provide to help you manage your money

1______4______

2______5______

3 ______

  • What does ATM stand for? ______
  • What 5 qualities increase your Earning power?

1______

2 ______

3 ______

4 ______

5 ______

Budgeting: 1 2 3 4 5 6 7 8

  • You can make your financial dreams come true with a ______.
  • ______is how much money you earn or receive.
  • ______is how much you spend.
  • There are 3 types of expenses give 2 examples for each

Fixed Expenses: occur regularly and don’t change month to month--1______2 ______

Flexible Expenses: are regular and you control over how much is spent--1______2 ______

Discretionary Expenses: This is money that you choose to spend--1______2 ______

  • Name 2 ways you can save money when you go shopping:

--1______2 ______

  • Qualities of a good budget include:

1______

2 ______

3 ______

***Create your own budget and print it out. You will use the following information for you budget. You are doing work in your home or neighborhood and earn 20.00 a week for a monthly total of 80.00—Fill in the budget with how you would use your money.***

*****Print your budget*****

  • Name 2 ways Angie sticks to her budget:

1______

2 ______

Savings and Checking: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

  • When is Simple Interest calculated? ______
  • Compound Interest is earned on the amount ______and the ______it earns.
  • A way to estimate how much time it will take to double your money use the ______

(Hint)Take 72 and divide (/) by the interest rate (%) = the number of years for your money to double.

  • Name something you would save your money for: ______
  • You get a ______interest rate when your money is in a CD.
  • Your money must stay in a CD for a ______or certain amount of time.
  • A savings account that allows limited check writing and

withdrawals is a ______account

  • You need three things to open a savings account

1______

2 ______

3 ______

  • A ______is a form that tells the bank to put money into your account.
  • To cash a check you need to sign on the back of it, this is called ______a check.
  • What does PIN stand for? ______
  • Taking money out of your account is called a ______.
  • When you withdrawal money from your account at an ATM it needs to be in multiples of $______
  • Where do you write the transactions that you have made? ______
  • Each month the bank sends a ______; this is a summary of your account activity.
  • A ______account is like a savings account but gives you more access to your money.
  • If you write a check and don’t have the money you will be charged an ______.
  • Your monthly statement will come and you need to ______your checkbook with the worksheet on the back of your statement.
  • Savings and checking accounts are a big ______.

Credit and You: 1 2 3 4 5 6 7

  • Credit is about ______money.
  • Name something expensive that you would need to borrow money to buy? ______
  • How old do you need to be to get a credit card? ______years old
  • Credit cards have ______limits.
  • The bank will ask you to make a ______payment that is not the full balance.
  • When you don’t pay the full balance you have to pay the bank ______.
  • If you’re borrowing money, interest works ______you.
  • If you’re saving money, interest works ______you!
  • Annual percentage rate is abbreviated as ______.
  • If your payment doesn’t arrive on time you have to pay a ______fee.
  • Paying late or missing payments results in ______.
  • Your credit history is with you for ______.
  • Loans are for a fixed amount and for a ______reason.

Smart Investing: 1 2 3 4 5 6 7

  • ______are ways to own pieces of big companies.
  • A single stock in company HIJK is called a ______.
  • A ______is part of the company earnings paid to the shareholders.

Factors of risk when investing in the stock market include

1______

2 ______

3 __ investor optimism and consumer optimism ______

  • The Dow Jones and NASDAQ are ______to help you know if the stock market is up or down.
  • When many people have put their money together and pay a manager to buy stocks from many different companies they’ve started a ______.
  • When you sell a stock for a higher price than what you paid for it, you make a profit called a ______gain.
  • If you lose money on a stock you will have a capital ______.

Assessment

  • When you are finished with the lessons you are ready to take the assessment. There are 10 questions and you need to get 70% to print your certificate stating that you have passed this finance course. When you type your name make sure that it is right because that is how it will be printed.
  • Staple your budget and certificate to the back of this page and turn it in.