Feb 20th-President's Day
Feb 21st Warm Up: Do you think a mortgage is good or bad debt? Guest Speaker-Pam Moore with the Regional Housing Alliance Feb 22nd-No class Feb 23rd Warm Up: What are two things you learned from our guest speaker on Tuesday? Scenario worksheet-Buy it or Pass it! Mortgage terms Feb 24th Warm Up: What does your dream house look like? What city is it in? How many bedrooms/bathrooms? What type of house is it? How much do you think it will cost? Describe the house in detail! Study Guide for test on Tuesday. Mortgage Worksheet- Calculator
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Feb 13th
Warm Up: What are two things you learned from the grocery store scavenger hunt? Grocery Receipt Activity Use your weekly food budget to buy TEN food items and ONE non-food item from the grocery store ads we have been working with. The items must be things you will REALLY use and would ACTUALLY buy! Create a receipt with a store name, the list of items, the price of each item, sales tax and the total. Feb 14th Warm Up: Describe the culture of food in your family. Family meals together? Clean plate club? Everyone takes their turn cooking? Has it changed as you've gotten older? Jeopardy Game Feb 15th-No class Feb 16th Warm Up: Create your own food animal, Cloudy with a Chance of Meatballs style. What is it? TacoDile or a CheeseSpider are examples. :) You have invited your favorite three people over for dinner! Plan a meal for four-main course and a dessert or appetizer. Find two recipes with at least seven ingredients (salt and pepper not included in the seven) for the main course and at least four ingredients for your dessert or appetizer. Shop online or in the newspaper circulars and price out your recipes. Add sales tax at 7.9%. What is the total spent on the meal? How much will it cost you per person? How did your dinner party effect your budget? Feb 17th-No class Feb 6th
Warm Up; What are some important qualities your food must have and why? Organic? Cheap? Flavorful? Better quality ingredients? Gourmet? Food activity! How much do you have in your food budget? Are you close to what the USDA info page suggests? Cost of unit versus sales price. Compare five items in each of the Albertsons and City Market weekly circular ads and figure the cost per unit. Which one is a better deal? List all five in your journal with the better deal identified. Feb 7th Warm up: Do you have any food-related family traditions? What are they and what makes them special to you and your family? Price is Right! Work on cost of food activity. Feb 8th-No class Feb 9th Warm up: If you could have dinner with any one person who would it be and why? What would you serve? Sales tax, discounts and unit cost Sales tax: Colorado-2.9% La Plata County-2% Durango-3% Total city tax is 7.9% Sales Tax, Discounts and Unit price worksheet Finish up the cost of food activity Feb 10th Field Trip to City Market! Meet at South City Market at 8:25 for your assignment. Worth 25 points! Jan 30th
Warm up: How did the "wild cards" effect your budget? Did they change the way you think about your emergency fund in your budget?
Jan 31st Warm Up: What do you think a credit score is and why might it be important? FICO and credit card activity What is a FICO score and why is it important? Watch this video if you did not see it in class. Questions:
Take the credit score quiz and see how well you do. Record your score in your journal, Feb 1st No class Feb 2nd Warm Up: Will you apply for a credit card when you can? Why or why not? Is there a special circumstance that would prompt you to apply for a new card? Credit Card Activity
Use 5x your monthly emergency fund as the total. Minimum payment is interest +2% Use the interest rate from the credit card you chose.
Warm Up: Why will credit be important as you grow older? Guest Speaker: Shawn Candelaria-Four Corners Community Bank Jan 23rd
Warm Up: What is your personal definition of success. Share an example of a time where you felt successful. Finish Budget activity Jan 24th Warm up: What do you know about checking and savings accounts? What are some differences between writing a check and using a debit card? Check writing and register activity. Use the check register to record the two checks you write and your monthly expenses. Keep a running balance of how much money you have! Include the following in your register:
Jan 25th-No class Jan 26th Warm Up: What have your parents taught you about money? Budgeting? Credit cards? Saving? Finish Check register and check writing activity. Jan 27th Warm Up: What are some differences between a savings account, money market account and a CD? Spend some time on this and RESEARCH each one. CD's, Money Market's and Savings Account activity
Jan 16th-No School MLK day
Jan 17th Warm Up: What is a freedom or purchase-like a house- that you are looking forward to in your adult life? Why? How old will you be when it happens? Continue Pay stub activity Jan 18th-No class Jan 19th Warm Up: What are five things that should be a part of a budget? What are two things that you might want to include in your budget? Wrap up Pay stub activity Jan 20th Warm Up: Why do you think a budget is important? What do you think is the hardest thing about one? The greatest benefit? Begin Budget Activity Use this budget. Use your pay stub to determine your monthly take home pay. Your net (take home pay)after taxes x 2 = monthly take home pay.
Jan 9th What job is most interesting to you and why? Take a guess at the yearly salary for that job. Jess Adams-our College Counselor-will be in to do a career survey with us. By the end of class you will choose a job, know the salary and begin your 25 year old financial life. The rest of the class will be built on this class. Complete the career survey in Naviance and then choose one career. The median salary will be the one you work with moving forward in class. Use this link for instructions on how to access the career survey. juniors_january_naviance.docx Write in your journal:
Jan 10th Warm up: What does your personal "cost of living" look like based on your lifestyle? How do you think the the "cost of living" could be different in two seperate places?
Jan 11th-No Class Jan 12th Warm Up: What do you think federal taxes are used for? What other taxes are paid through your paycheck? Payroll and tax activity Fill out your W-4 to determine the number of exemptions you will claim on your earnings. Some helpful Next, fill out your Pay Stub with all of the information requested. Personal information, federal, medicare, social security and state taxes. You will need your annual salary for this activity and to know that you are paid bi-monthly or two times per month. Annual salary / # of pay periods Federal Tax Calculation Example: Determine tax, take-home income, and effective tax rate for $285,781. # Range Money in Bracket Tax rate Tax Paid 1 $0-$9,325 $9,325 10% $932.50 2 $9,326-$37,950 $28,624 15% $4,293.60 3 $37,951-$91,900 $53,949 25% $13,487.25 4 $91,901-$191,650 $99,749 28% $27,929.72 5 $191,651-416,700 $94,131 33% $31,063.23 Total Tax Paid: $77,006.29 Cumulative Tax rate: 26.9% $77006.29/$285,781
Example: Monthly gross pay: $4,707 Subtract any W-4 allowances (2): ($667) Adjusted wage: $4,040 From % withholding table(p22) ($192) $3,848 This is your Colorado taxable income Multiply by 4.63% x .0463 $178.16 Actual amount of withholding per month Jan 13th Warm up: You have won the lottery and have enough money to cover your expenses for the rest of your life. Will you continue to work in the job of your choice? Why or Why not? Continue with Payroll activity Turn in/share:
January 2nd No school-Professional Development Day January 3rd What is Consumer Math? Agree/Disagree activity January 4th No class January 5th Warm up: Tell me a little about yourself. What should I know about you? Joaquin from SCCC (Southwest Colorado Community College) will be with us to begin the registration process for concurrent enrollment. You will need the following:
SCCC concurrent enrollment application. Click on Apply Online and then create an account. You will also need to fill out an additional paper information sheet. See me if you need a copy. The electronic AND the paper applications need to be complete by January 13th. Once you have an account you can enroll at SCCC. Passing this class with a C- or better will provide you with 3 college level math credits that MAY be transferrable to your future college as an elective credit or as a math credit. The college you attend in the future will decide what the credits can be used for-math or elective. January 6th Warm up: What is your personal definition of happiness? Does money fit in? Read the Happiness article.
Acuplacer Test for SCCC for those who have not taken the ACT. If you missed class you can take the test at SCCC. Contact Joaquin at [email protected] |