ADVISER Week 15 December 2
6th Grade - Financial Literacy Workbook (follow up from Pennies to Paychecks comedy play sketches)
7 & 8th Grades - Guidance lessons (Mrs. Smith)
- A) Gr 9-12 Brainstorm questions to ask community panel guests, share with Adviser, for use on December 16. Guests will visit with students to share what led them to choose to live &/or work in Panorama area, and their chosen careers. See list guests and their professions under Week 17.
- B) Gr 9-12 Please use the (link) Financial Planning: NEFE Student guidebook webpage activities described by HS Grade...
HS Financial Planning Activities:
What is Financial Planning?
Answer "Process of deciding how you will handle your money including spending, credit, saving, & investing.
Some people plan well & have the rewards that go with it - nicer cars, comfortable homes, savings, fun vacation trips. Other people never learn to plan & never learn to plan, and never seem to have enough money, instead living paycheck to paycheck all their lives.
Grade 9 - Pg. 3 - 11/ending with 3 R's of Money (Planned for December 2 & January 13, but wasn't covered)
- Assignment 1.1 Needs Versus Wants & 1.2 My Values
- Once students have completed charts for 1.1/page 4 & 1.2/page 5, Adviser asks students to literally draw lines to show connections they see between their Needs or Wants and their Values & walks around to ask for clarifications as needed (copy 2 pages to one side of paper).
- With reading on p.6, ask if students think greater life accomplishments are connected to a person's ability to practice delayed gratification or not? What examples can they provide to support their thinking.
- Complete Assignment 1.3/ My SMART Goals/p7 using 3 or 4 personal wants/needs & Assignment 1.4/Spending Record of (Student's Name)
- Encourage students to use their best memory of the most recent week
- Are students' differences larger for income or spending?
- With freshmen reading p.9-11, check their understanding of terms, Opportunity Cost/p9 & The 3 R's of Money/p11.
Grade 10 - Pg.19 - 24, After High School: Then What? (Planned for December 2 & January 13 but wasn't covered)
Update to Figure 2.2 Average College Costs; linked college webpages will be most current -
- Private 4 Yr College, Central College, Pella, Iowa Net Costs (Tuition $33,345 + Room $4,892 + Board $5,088 = $43,325)
- Public 4 Yr College, Iowa State University Attendance Costs (Tuition $7,736 + Room & Board $8,070 + Books & Supplies $1,070 = $16,840)
- Public 2 Yr College, DMACC Costs through Iowa College Student Aid Commission (Tuition & Fees $4,290 + Room & Board $6,656 = $10,946)
Update to Figure 2.3 Education and Earnings using Bureau of Labor & Statistics webpage links-
- No HS Diploma, $20,724 / 50 work weeks at $414.50 per week
- HS Diploma, $34,373 / 50 work weeks at $687.46 per week
- Some College, $41,658 / 50 work weeks at $833.16 per week
- Bachelor's Degree, $62,188 / 50 work weeks at $1,243.76 per week
- Professional Degree (training beyond BA), $95,309 / 50 work weeks at $1,906.18 per week
- Supplemental information linked
Complete pg. 22, Assignment 2.2, Each Student connects 4 Personal Talents or Activities to Potential Type of Business, an exercise to try thinking like an Entrepreneur.
Adviser can point to these graphics (Table 4 & Table 2 pasted below from Iowa policy project webpage
) to provide visual context for pg. 24 concept, "Cost of Living
". Each gives estimate of monthly expenses, yearly (annual) estimates of costs and hourly salaries needed to cover the costs - while Table 2 assumes both parents earn money (American has become a Nation of Dual-Income Working Couples
), Table 4 describes typical costs of single adult without kids.
Gr. 11 - Budgeting, pp. 28 - 40, Overview: What is a Budget? (Planned Dec.2 & Jan. 13 but wasn't covered)
Read over pages & complete as a group -
- Assignment 3.1 Analyzing a Pay Stub, pp. 32,33
- Assignment 3.2 Create Your Own Budget, p.35
- Student choice to complete using current situation or estimate a budget for self in future
- Can use Table 4 & 2 for computation; divide that given month amount by 4 for weekly amount.
- Use Google Spreadsheet to complete Pie Chart for Assignment 3.3 How Do You Spend Your Money?
- "Other Tools to Help You Handle Your Cash", pp.38-40.
- 1st have students browse over the pages looking for bold heading they have had experience with & could explain what that is to group.
- 2nd, students each take a section & read it carefully before verbally sharing with group about the money tool, Adviser assists & facilitates.
- Complete self "Quick Check" on p.42 (be honest, simply consider your "No" answers as future strategies help yourself.
Gr. 12 - Good Credit versus Bad Credit, pp.59 - 70 (December 2 & January 13)
- Advisers, for Assignment 5.3 A Plan to Get Out of Debt, a recommended prioritized order will be emailed you.
- Please, when considering the p.72 Action Steps, use a form to save your credit card data, talk about why taking a picture of your credit card and saving that picture, or relying on phone to save credit card information is not as safe as the #2 suggestion of determining a safe place with parents.
January 20 & 27 (wasn't covered)
All HS Grades complete Savings & Investments: Your $ at Work, NEFE wrkbk. pp. 45-58