Dotting the i's and crossing the t's. Graduation week!

1. Zoom meeting links for this week:

Join Zoom Meeting at 10:00 on TUESDAY 6/2

https://zoom.us/j/2425160447

ALL late work needs to be in by 3:00pm Wednesday 6/3. Remember, if you have shown no progress toward distance learning (you will earn an INCOMPLETE) If you have shown progress and want to increase your grade by doing missing current events/quizzes/ etc that are currently represented by an asterisks in the gradebook as of now and will change to a zero on Wednesday. Remember those are all assignments prior to March 13th so they can negatively affect your grade.  Please let me know if you need me to open up quizzes or have any questions. FINISH STRONG! 

Building Credit Early in Life — Important Rules of Thumb

1. Zoom meeting links for this week:

Join Zoom Meeting at 10:00 on TUESDAY 5/26
https://zoom.us/j/2425160447

JUMP$TART NATIONAL STANDARD: Credit and Debt, Standard 3

CEE NATIONAL STANDARD: Using Credit, Standard 1

COMMON CORE STATE STANDARD: CCRA.R.2

CONTENT STATEMENT: Establish rules of thumb to build credit early in life.MATERIALS NEEDED: (included); Building Credit Vocabulary Powerpoint (included)

KEY VOCABULARY/TERMS: Credit, Credit Score, Credit Utilization Rate, Rules of Thumb

1. Students complete the Fact or Myth worksheet, Fact or Myth Worksheet. Students predict how a lack of credit history or bad credit will impact their everyday life. Here is the fact or Myth key Fact or Myth Master 
2. Students read the article “How Credit Impacts Your Day to Day Life” and circle the correct responses.
3. Review the brief article and Infographic on what factors that contribute to building a strong FICO credit score. In the article on the bottom is a short video.“What’s In Your Score?”.
4. Students read the following articles and identify credit building strategies.
   1. “What’s The Best Way to Build My Credit Score?”
   2. “How Do I Get and Keep a Good Credit Score?”
5. Model for students how the complexity of credit building can be coalesced into simple Rules of Thumb* students can remember that are relevant to their lives now, or in the immediate future. Research exhibiting the effectiveness of Rules of Thumb:
6. • Consumer Voices on Financial Rules to Live By. Rep. Consumer Financial Protection Bureau, May 2016. Web. 11 Apr. 2016. <http://files.consumerfinance.gov/f/201603_cfpb_rules-to-live-by_ideas-for-financial-educators.pdf>.
   • Schoar, Antoinette, and Saugato Datta. The Power of Heuristics. Rep. Ideas42, Jan. 2014. Web. 12 Apr. 2016. <http://www.ideas42.org/wp-content/uploads/2015/05/ideas42_The-Power-of-Heuristics-2014-1.pdf>.
7. Distribute to students the CFPB document MY Credit Rules to Live By click here CFPB Credit Rules to Live By as an example of the process of establishing a rule of thumb. Encourage students to use what they learned from the credit building articles, the FICO scoring model, and if applicable a prior lesson on credit reports, when developing their own rules of thumb.

8. DO THIS EXIT TICKET WHEN DONE,CLICK HERE

Enrichment reading:

• “Zina Kumok: ‘Getting My First Credit Card Was So Exciting’”
• “When It Comes to Student Loans, It Pays to Finish Your Degree”
• “The Power of Plastic: What to Know about What You Owe”
• “Take Command of Your Credit Score”
• “Killing the ‘Cockroaches’ of Myths about Money”
• “Getting Creative with Money”
• “Educator Toolkit: Paying for College”
• “Digital-age Danger: Learning to Protect Your Identity”
• “Credit Alert: The Dangers of Overspending and Underpaying”

Financial Goal planning

Join Zoom Meeting at 10:00 on TUESDAY 5/19
https://zoom.us/j/2425160447

Please click here for the slides presentation on financial goals.
Please click here for the corresponding exit ticket aligned with this weeks lesson "Guided Notes for SMART Goals Lesson “Financial Goals in Focus” OR “Getting off to a S.M.A.R.T Start”

Please go on an check out https://www.mint.com/ this is a great site/app that will help you budget and manage your spending in a secure way. I highly encourage it.

TOPIC/COMPETENCY: Standard: Spending & Saving – Goal setting strategies [i.e. S.M.A.R.T.], integrating personal values, experiences vs. possessions research

CEE National Standard:

II Buying Goods and Services, Standard 7 [Grade 4]

Jump$tart National Standard:

Spending & Saving, Standard 4.

Common Core State Standard:                                                                                               

CCSS.ELA-LITERACY.SL11-12.3

CCSS.ELA-LITERACY.SL11-12.1

LESSON TITLE: “Financial Goals in Focus” OR “Getting Off to a S.M.A.R.T. Start” Objective: Students will learn the elements of a SMART Goal, practice writing goals that address planning for a future financial goal, and identify how their personal values are related to goal setting by completing a values inventory assessment.