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BrettLaGrange

Finance Vocabulary Words
1. Credit 2. Savings 3. Investing 4. Borrowing 5. Giving 6. Interest 7. Credit Score
8. Mutual Fund 9. Stocks 10. Bonds 11. Certificate of Deposit 12. Equity

Take financial Quiz
http://www.usfinancialcapability.org/quiz.php




I Can Statements Finance



Finance Project



Amortization Calculator
http://www.amortization-calc.com/

Mortgage Rates
https://www.wellsfargo.com/mortgage/rates/

Savings Bonds
http://www.dummies.com/personal-finance/investing/savings-bonds/savings-bonds-pros-and-cons/

Mutual Funds

https://www.moneycrashers.com/mutual-fund-types-pros-cons/

CDS
https://www.ally.com/do-it-right/banking/certificates-of-deposit-cd-pros-and-cons/


Savings and Investing
Read the article below. Annotate and hashtag each paragraph
Going beyond the minimum
Having enough in savings to fund a single crisis is extremely helpful, but it may not be enough for safety. Some common crises may go well beyond the need for $2000. For example, if the primary breadwinner in your family loses his job and is out of work for a few months, $2000 wouldn't begin to cover what you'd need in order to get by. What's more, crises often seem to come in bunches; the car breaks down and then you get sick the very next week. If your savings account is only funded enough to take care of one crisis and you get hit by two in rapid succession, you'll be in trouble.
A better savings goal
How much you really need in your savings account depends on your lifestyle and circumstances. If you're single, have a stable job, and you have parents or other family members who can be counted on to help out in a pinch, you won't need to save as much as someone who is married with several young kids and doesn't have anyone else around for financial support. In the former situation, saving enough to get you through three months without any other sources of income should be enough. If your living situation is more precarious or other people are depending on you, aim for 6 to 12 months' worth of expenses in your savings account.


Do you agree with this advice why or why not?
Median income in the United States is around $50,000 per year. At age 25 if you had no money saved guess how much money a year you should save to live well in retirement at age 65? How much if you had no money at age 40?
After you have typed in your guess go to the link below and find out what they recommend.
http://cgi.money.cnn.com/tools/saveyoung/index.html?iid=EL
Do you agree with this advice why or why not?
Median income in the United States is around $50,000 per year. At age 25 if you had no money saved guess how much money a year you should save to live well in retirement at age 65?
After you have typed in your guess go to the link below and find out what they recommend.
http://cgi.money.cnn.com/tools/saveyoung/index.html?iid=EL




Credit Introduction


Questions after Notes in Cornell then summary

1. Why do you believe that buying a house is better than renting? Explain

2. What is equity? Explain home equity, business equity, and buying shares in equity

https://www.thebalance.com/build-equity-315654

https://en.wikipedia.org/wiki/Equity_%28finance%29

http://www.investopedia.com/video/play/what-is-equity/

3. Why can credit Cards be a major problem? Explain pros and cons

https://www.nerdwallet.com/blog/credit-cards/pros-cons-shopping-credit-card/

4. Why should you never use payday loans? Explain why this is not a smart decision

http://www.paydayloaninfo.org/facts



Part Two: Read each of the 4 categories and analyze their graphs. (click on each one at the top separately then look at each set of graphs). Write your opinion of how this affects your life, and how the country should improve. [minimum 8 sentence total one for each question for each topic]
http://www.usfinancialcapability.org/results.php?region=NC



Then watch this video or read the article and write a paragraph on why financial literacy is important or not?
http://finance.yahoo.com/blogs/daily-ticker/a-lack-of-financial-education-is-costing-the-u-s--billions-if-not-more--heidi-moore-135631985.html

Financial Literacy Video Questions

Document for Questions


To watch Video Login to NC ed cloud and then click on discovery education logo and then click on link.

Figuring Interest

https://app.discoveryeducation.com/learn/videos/d77640cc-8fe8-484f-8b41-f8d895ebe891?hasLocalHost=true

1. What is Interest?Explain




2. In what ways is interest used?






3. What is the difference between simple and compound interest?

Credit Cards

https://app.discoveryeducation.com/learn/videos/9f40be7e-b61b-458e-9c7f-46e0a71362e1?hasLocalHost=true

1. Why are credit cards so popular?


2. What is your credit card limit based on?




3. What are some positives and negatives of credit cards. Explain.




Getting a Loan: Car, School, or home

https://app.discoveryeducation.com/learn/videos/a8396095-8351-453c-9b22-f145d2f64094?hasLocalHost=true

1. Why do most people apply for a loan?
2. What are the different types of loans and how do they work? Give at least three.
3. How do banks determine a loan to a customer. Explain
http://app.discoveryeducation.com/player/view/assetGuid/75F7E0A9-20BD-4B78-9BA7-C0919D1BD65B

Long Term Savings and Investing

https://app.discoveryeducation.com/learn/videos/9ea946ff-6da1-4862-acca-8b0278e7f2a3?hasLocalHost=true


1. What are at least three investments and how do they work?
2. What is a CD and what are its guidelines?
3. Give examples of how bonds work?
4. Are Bonds and CD's taxed, explain?
5. What is a 401k and how does it function?
http://app.discoveryeducation.com/player/view/assetGuid/75F7E0A9-20BD-4B78-9BA7-C0919D1BD65B