Lesson Plan Outline Unit 1: Income Lesson 1: Plan Your Future

Lesson Description: (Pg. 5-13) Students will consider their own personal traits and learn about a variety of occupations that may someday provide them with an income.

Vocabulary:

Abilities, Aptitude, Income, Interests, Values

Core/Supplemental Material:

Student Workbooks Income Slides (1-5) Access to internet

Activity: Interest and Skills Survey Activity: Students complete the Rate your Interest, Abilities and Values (IAV) worksheet, create a Worker Profile, and identify top three IAVs.

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Lesson Plan Outline Unit 1: Income Lesson 2: Careers

Lesson Description: (Pg. 13-28) Student will consider their own personal traits and match them to a variety of occupational clusters.

Vocabulary:

Career Clusters, Skills, Success skills, Technical skills

Core/Supplemental Material:

Student Workbooks Career Cluster Cards Income Slides (6-11) Copy paper in various colors, scissors, ,markers and tape Access to internet

Activity: Career Cluster Memory Game: In groups, students play the memory game to learn more about career clusters. A member from each group takes turns to memorize as much career information as possible and the team has to use that information to complete the Career Cluster Card Memory Sheet.

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Lesson Plan Outline Unit 1: Income Lesson 3: STEM Careers

Lesson Description: (Pg. 63-68) Students explore STEM occupations and use paper to create a pencil holder, exercising creativity and problem-solving skills.

Core/Supplemental Material:

Student Workbooks

Computers and internet

Activity: Intro to STEM Careers: In groups, students use their creativity and problem-solving skills to create a pencil holder from a single sheet of paper.

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Lesson Plan Outline Unit 1: Income Lesson 4: Taxes and My Income

Lesson Description: (Pg. 29-46) Students learn the three main sources of tax revenue: income, sales and property tax.

Vocabulary:

Income Tax, Medicare, Social Security, Taxes

Core/Supplemental Material:

Student Workbooks Store receipts Income Slides (12-21) Copies of property tax bills, pay stubs showing various deductions Calculators Index cards, used in summary

Activity: Paycheck Calculations: Students practice deducting taxes and calculating net monthly income to see how much is left for them to spend using the Paycheck Calculations Worksheet on Page 15 of the Student Workbook

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Lesson Plan Outline Unit 1: Income Lesson 5: Creating a Lawn Care Business

Lesson Description: Groups work on starting a lawn care business and calculate operating costs.

Core/Supplemental Material:

Student Workbooks

Computers and internet

Activity: Lawn Care Business: Students plan a neighborhood lawn care business. They learn about the importance of identifying a market and how to project their fixed and variable costs

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Lesson Plan Outline Unit 2: Savings, Investing and Risk Management Lesson 1: Saving and Investing

Lesson Description: (Pg. 5-16) Students will identify the benefits of saving a portion of income for future use and will be introduced to various methods of saving, such as savings accounts, stocks, and mutual funds.

Vocabulary:

Bond, Financial institution, Interest, Invest, Mutual funds, Opportunity Cost, PYF, Principal, Risk,

Savings Account, Stock

Core/Supplemental Material:

Student Workbooks

Savings, Investing and RM Slides (1-12)

Highlighters

Access to internet

Activity:

Doodling for Dollar Activity: Students take 5-10 minutes to complete the Doodling for Dollars Worksheet on Page 33 to determine how they receive and spend their money. Teachers assign $50 to students that don’t receive an allowance.

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Lesson Plan Outline Unit 2: Savings, Investing and Risk Management Lesson 2: Managing Risk

Lesson Description: (Pg. 17-30) Student will assess personal risk and risk management.

Vocabulary:

Insurance policy, Premium, Risk, Deductible/co-pay, Life insurance, Term insurance, Whole life,

Universal life and other cash value policies, Disability insurance

Core/Supplemental Material:

- Student Workbooks

- Savings, Investing and RM Slides (13-15)

- Colored paper for copies

- Access to internet

Activity:

Perfectly Matched Game: Teachers handout Insurance Sheets to half of the class, and Life Sheets to the other half. Students with insurance sheets look for customers and students with life sheets look for classmates that are selling insurance based on their scenario.

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Lesson Plan Outline Unit 2: Savings, Investing and Risk Management Lesson 3: Understanding Stocks Quotes

Lesson Description: (Pg. 35-38) Students choose three stocks and learn how to read stock quotes. (MATH)

Core/Supplemental Material:

Student Workbooks

Computers and internet

Activity:

How do I Read a Stock Quote? Students answer worksheet questions based on the information found in the abbreviated stock quote table.

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Lesson Plan Outline Unit 2: Savings, Investing and Risk Management Lesson 4: Roth IRAs: Teens and Retirement Savings

Lesson Description: (Pg. 39-45) Students read six scenarios and decide whether it’s a good idea to start saving for retirement with a Roth IRA.

Core/Supplemental Material:

Student Workbooks

Computers and internet

Activity:

Back to the Future Worksheet: Students read six teen scenarios and decide whether it’s a good idea if any or all of the teens should start saving for retirement with a Roth IRA.

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Lesson Plan Outline Unit 2: Savings, Investing and Risk Management Lesson 5: Compound Interest

Lesson Description: Students learn, and practice, the Rule of 72.

Core/Supplemental Material:

Student Workbooks

Computers and internet

Activity: Rule of 72 Activity: Students use the Co quickly figure how long it would take to double their money by using the Rule of 72.

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Lesson Plan Outline Unit 3: Debit and Credit Lesson 1: Banking Partners

Lesson Description: (Pg. 5-12) Students identify the types of financial institutions and the services they provide.

Vocabulary: Bank, Credit Union, Financial institution, Interest, Internet bank, Mobile banking, Online banking

Core/Supplemental Material:

Student Workbooks Debit and Credit Slides (1-6) Access to internet Scissors Colored Markers

Activity: My Bank Organizer: Students fill in the My Bank Organizer Worksheet on Page 46 in the Student Workbook to help them gauge what they know and do not know about financial institutions.

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Lesson Plan Outline Unit 3: Debit and Credit Lesson 2: Personal Spending

Lesson Description: (Pg. 13-20) Students become aware of the advantages and disadvantages related to debit and credit cards.

Vocabulary: Annual fee, APR, Credit limit, Finance charge, Minimum payment, Previous balance

Core/Supplemental Material:

Student Workbooks Debit and Credit Slides (7-13) Access to internet Scissors Calculators

Activity: Debit vs. Credit: Students take 2-3 minutes to brainstorm on the advantages and disadvantages of using a debit and a credit card

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Lesson Plan Outline Unit 3: Debit and Credit Lesson 3: Savvy Shopper

Lesson Description: (Pg. 21-26) Students understand the benefits and common pitfalls of using credit cards.

Core/Supplemental Material:

Student Workbooks 6 Savvy Shopper Game Board, Wild Card Sheet and die, Game tokens, candy pieces, or pennies for each student Scissors, Calculators Access to internet

Activity: Savvy Shopper Game: Students are divided into groups to play a game that will help them see the costs and benefits of debit and credit cards. The goal of the game is to be the first player to buy a hat, jeans, DVDs, shoes, and a bike and have $0 debt.

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Lesson Plan Outline Unit 3: Debit and Credit Lesson 4: Renting vs. Homeownership

Lesson Description: (Pg. 55-60) Students compare the benefits and responsibilities that come with renting or owning home.

Core/Supplemental Material:

Student Workbooks

Computers and internet

Activity: Rent or Home Ownership Discussion: Students take time to read the Rent or Home Ownership Sheet, then highlight new vocabulary and decide if they prefer to buy or rent.

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Lesson Plan Outline Unit 3: Debit and Credit Lesson 5: Managing Credit

Lesson Description: (Pg. 27-40) Students explore credit reports and credit scores and discover why they are important as well as how to build good credit.

Vocabulary: Credit report, Credit score

Core/Supplemental Material:

Student Workbooks

Debit and Credit Slides (15-21)

Access to internet

One Coin

Activity: Savvy Shopper Game: Students are divided into groups to play a game that will help them see the costs and benefits of debit and credit cards. The goal of the game is to be the first player to buy a hat, jeans, DVDs, shoes, and a bike and have $0 debt.

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Lesson Plan Outline Unit 3: Debit and Credit Lesson 6: Leasing vs. Buying a Car

Lesson Description: Students complete a Leasing vs. Buying a Car Graphic Organizer and Tip Sheet to determine which is best for them.

Vocabulary: Auto Loan, Interest, FTC (Federal Trade Commission)

Core/Supplemental Material:

Access to Internet

Colored pencils or markers

Scissors

Activity: Coloring: Students make a decision about buying or leasing a car without information about their overall income and spending budgets by coloring the Leasing vs. Buying a Car Graphic Organizer Worksheet.

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Lesson Plan Outline Unit 4: Budget+ Lesson 1: Think Before You Spend

Lesson Description: (Pg. 5-14) Students define what good money management is and why it is important. They discuss how setting financial goals and being an informed consumer will help them better manage their money.

Vocabulary: Expenditures, Impulse buying, Lon-term goals, Needs, Short-term goals, Wants

Core/Supplemental Material:

Student Workbooks

Budget+ Slides (1-10)

Access to internet

Calculators

Set of 3X5-inch cards

Purchase list

Activity: Wants vs. Needs: In groups of 4-5, students sort their collection of expenditure cards into two categories: needs and wants, followed by a class discussion.

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Lesson Plan Outline Unit 4: Budget+ Lesson 2: What is a Budget?

Lesson Description: (Pg. 15-24) Student will determine which categories belong in a budget and relate the need to save money to meet goals.

Vocabulary: Budget, Discretionary Income

Core/Supplemental Material:

Student Workbooks

Set of 3X5-inch cards

Career Cluster Cards

Budget+ Slides (11-16)

Sticky notes or scratch paper

Access to internet

Activity: Caleb’s Budget: Individually or in pairs, students read the case study of Caleb and complete his monthly budget.

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Lesson Plan Outline Unit 4: Budget+ Lesson 3: Personal Budget

Lesson Description: (Pg. 47-52) Students create budget projections for a four-month period to see if they are prepared to support themselves after high school.

Core/Supplemental Material:

Student Workbooks

Computers and internet

Access to online budget

Life Scenarios

Activity: Constructing a Product: Students work in groups to plan the production and sale of a product that they created out of construction paper.

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Lesson Plan Outline Unit 4: Budget+ Lesson 5: Using a Budget

Lesson Description: (Pg. 24-42) Students will prepare a budget using goals and income and compare teen and adult spending patterns.

Vocabulary:

Opportunity Cost, Scarcity

Core/Supplemental Material:

Student Workbooks

Budget+ Slides (17-19)

Summer Job Classifieds

Goal Cards

High School Life Scenarios

Activity: Life Scenario: Students complete the Life Scenario Monthly Budget Worksheet on Page 76 in their workbook and write down their pay and their short- and long-term goals, as well as their savings goal.

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