Personal Finance-SP20 Assignments

Watch all the ch. 9 videos and complete the following by Friday May 22 and take the Ch. 9 Post Test on foundationsdigital.com

Watch my video about mutual funds. Then complete the Prospectus worksheet. For the worksheet you can use the example prospectus on the 2nd page. All the question numbers correspond to their location on the prospectus. So match them up and you will find the information you are looking for.

Complete the chapter 8 Summary and Money in Review, then take the chapter 8 test on foundationsdigital.com.

Watch the video to see the differences in retirement accounts, as well as how to complete this assignment.

Einstein discovered the "Rule of 72", see how it allows us to quickly determine how long it will take for invested money to grow!

READ FIRST: The bank names and rates are all given in the video, so watch the video to get them filled in before doing your calculations, or spending forever trying to find them on your own.

I know budgets have been difficult as many of you have been unable to work, but if we still spend money, we still need a plan. The economy will begin slowly opening up starting THIS week. So let's be prepared for it. It will come with a slow return of available jobs, and more opportunities to spend money. So start planning now, so you don't spend every penny you have once things open up again.

Complete the Ch. 7 Summary and Ch. 7 Money in Review. Then when you are ready, take the Chapter 7 post-test on foundationsdigital.com

For many (not all) items in the store, the generic store brand and the name brand items are produced by the same company in the same factory with a different label, but the name brand costs more.

For this assignment, you are going to compare the name brand items to the generic store brand items to see how much money you save if your bought the store brand equivalents instead. While it is best to do this in-store, with the caution due to COVID, please use the store's app (Ralph's, Walmart, etc.) or a grocery delivery app (InstaCart, etc.) to compare the prices. Please make sure you are comparing items with similar quantity.

The biggest savings on these items tends to be with medicine, even though I did not include those in this activity.

Who doesn't love a discount, even more-so when there are two discounts. Often stores will run double discounts as a way to convince consumers that they are getting a better sale than they actually are. In our minds we think of a 40% discount followed by a 20% discount as a 60% discount, but it is actually only a 52% discount.

Watch my video to understand how double discounts are calculated, then complete the assignment.

Identify which negotiation techniques apply when. The 7 techniques are found in section 2.1-2.3 in the video/notes.

This worksheet looks at how retailers (stores) calculate prices and percents for marking items up or discounting items. You will need a calculator. You will find the formulas in the directions section. Let me know if you have any questions!

Print and complete the chapter 6 summary and Money in Review.

After you have completed the Money in Review, the go to Foundations Digital and take the Chapter 6 Post-Test.

Opportunity cost is the other side of every decision, it can be good, bad or neutral depending on each circumstance. For every decision you make, there is now something you could not do, it can be because of money, time, experience, etc. It can be as simple as, if I go out to eat for lunch today, I cannot use that money to buy gas. If I go to this concert then I cannot go to...(other event happening at the same time).

Complete the worksheet, coming up with two other opportunities given up for each example, then come up with a few extra of your own.

One of the greatest marketing tools is 0% interested for a term, it sucks everyone in, but most people ended up losing big. Read the terms of the deal at the top of the worksheet, then navigate through the questions. There are right and wrong answers on this worksheet, make sure to do the math!

Two biggest scams from these deals...
1. The minimum purchase required for the deal usually higher than typically priced items, so you have to spend more to qualify.
2. If you are ever late or miss a payment, the interest rate is HUGE and is BACKCHARGED to the purchase date and added to your balance, even in you only have a couple payments left!

Print the worksheet, watch the video for directions, then complete and upload.

Read the article, then complete the worksheet. Be real and thoughtful as you fill this out.

Read the beginning of this worksheet to see the most popular marketing techniques. You will reference back to this list throughout the unit. Complete the answers on the front. For the back, you will watch two advertisements or commercials, whether on TV, or an add waiting for your youtube video to load, and analyze it to pick out what is actually being sold to you (not what the item is, but the experience, the promise, the result of using their product, ie, beauty, success, peace, fulfillment) and what techniques they are using.

IF YOU HAVE THE SAME CONTENT AS OTHERS IN THE CLASS YOU WILL NOT RECEIVE CREDIT FOR THIS ASSIGNMENT, DO THIS ON YOUR OWN!

After every interview, you should write a short thank you letter and mail it to the person who interviewed you (so make sure to get their business card during the interview). So for your assignment, write a short thank you letter, it must be hand written on a card, not an email, take a picture of it and submit it here.

Since some of you may not be able to acquire an actual card due to quarantining, you may cut down a white piece of computer paper (NOT LINED PAPER), and use that are your card for this assignment.

Hey everyone! It's budget time. I am sure your March budget turned out very differently than you expected, hopefully it meant you didn't spend as much eating out, on gas, or at the mall. April may be similar, but still make a budget. Remember, while you have less opportunity to spend, you may also have less opportunity to earn. So adjust your budget accordingly.
Remember income and outgo should be equal to one another!

After having watched my video on how the income tax system works (look at How Income Taxes Work under the "assignments/homework" category), what are YOUR ideas on how to make it better? Also watch "Do the rich pay their fair share?" and "The Progressive Income Tax: A Tale of Three Brothers"

Assignment Packet for Chapter 5. You received all these worksheets while we were still in school. In case you are missing any of them, they are attached below. While you should have had all these done while we were still meeting at West Ranch, I will give you till Thursday to get them in, rather than test day (tomorrow).
Assignment List:
1. Life After High School
2. Budgeting for Life After High School (3 scenarios)
3. Cost of Living Calculator
4. Case Study: Ethan
5. Ch. 5 Summary
6. Ch. 5 Money in Review

Use the CamScanner app (free version) or some other scanner program to try to get them all into 1 PDF document, otherwise take pics and copy them into a google doc and upload that.

Watch the video to see the how to read your paystub, complete the worksheet and upload it by Tuesday.
Test Tuesday!

Complete the two assignments and submit them by Tuesday.
Test is Tuesday on ch. 5 and ch. 11

You should have this completed from when we were still meeting at West Ranch.

Answer the 13 popular interview questions on page two of the attached assignment. I recommend that you have someone ask you these questions so you can think through how you would respond verbally in an interview.
Make sure your answers are thoughtful and complete for what you would actually share in an interview.

Begin writing your resume and cover letter. You can work off of one you have already started.

This is for YOU, not just good careers in general.

These questions are specific to you, so answer accordingly.

Be thoughtful in your answer.

Be thoughtful and specific.

Be thoughtful and consider ALL tools and strategies available to you.

Be thorough, look it up right now, list it out.

Answer the questions completely.

If you haven't personally done this, think of someone who know who did and answer based on what you observed.

Answer the question using complete sentences.

Answer question using complete sentences.

Be specific, come up with a plan on how YOU will do this.

Write a paragraph using complete sentences.

Write a paragraph using complete sentences.

Write a paragraph using complete sentences.