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 1. Choose a credit card for yourself: American Express, Discover, Visa, Master Card Which card did you choose? ○ What is the annual interest rate? ○ What are the annual fees? ○ Why did you choose this card? 2. Credit card interest activity You now have credit card debt due to an emergency! Choose your debt. Minimum payment is interest +1% Use the interest rate from the credit card you chose. ● Using the Credit Card Calculator answer the following questions: 1. How many months will it take to pay this off with just minimum payments? How much interest will you pay? 2. If you use your monthly savings as the payment (assuming it is greater than your minimum payment) how many months will it take you to pay off the balance? 3. How much interest will you pay? 4. Has this activity changed the way you view credit cards? Why or why not?
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Warm Up: Do you think having credit is important? Why or why not?
Warm Up: What do you think a credit score is and why might it be important? Credit Cards 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. Credit Hangover worksheet Warm up: If you could have dinner with anyone who would it be and why? What would you serve?
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. www.walmart.com or www.amazon.com work well. Add sales tax to the total-7.9% In your journal-
Warm up: Write about a bad food experience.
Grocery Receipt Activity Complete the Weekly Meal Plan
Make your grocery list and track all prices.
Warm up: Do you have any food-related family traditions? What are they and what makes them special to you and your family?
Grocery Receipt Activity Complete the Weekly Meal Plan
Make your grocery list and track all prices.
Warm up: When you shop locally you pay sales tax on your purchases. What do you think the sales tax is used for?
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 Warm up: Why might it be important to keep a check register?
Check writing and register activity. Use this check register (make a copy and share with me) to record the four checks you write and your monthly expenses. Keep a running balance of how much money you have! Include the following in your register:
Warm Up; What are some important qualities your food must have and why? Organic? Cheap? Flavorful? Better quality ingredients? Gourmet?
Food activity! Cost of unit versus sales price. What is the retail price? What is the unit price? Which is the better deal? Which do you choose? Compare five items in each of the Albertsons and City Market weekly circular ads to Walmart.com and figure the cost per unit. Which one is a better deal? List all five in your journal with the better deal identified. Warm up: What are three requirements you must have in your apartment/ house at 25 years old?
Find three rentals and write the details of each in your journal. The Durango Herald or a newspaper in your city is a good place to start. www.apartments.com
Electronic budget Record your monthly revenue and your new rent cost in the electronic budget. Share it with me. Warm up: What are some resources you can draw on when a "life wild card" hits you? Examples: A very large medical bill or a car repair.
Check writing and register activity. Use this check register (make a copy and share with me) to record the four checks you write and your monthly expenses. Keep a running balance of how much money you have! Include the following in your register:
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AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
April 2019
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