My previous post titled My Technology Lesson Plan includes my lesson plan titled Developing a Financial Plan - Goals and Making a Budget.
https://docs.google.com/document/d/1jqdq9Jde5w7hnggVjg8unKamTmd2_GqpGe8SDjDFI-g/edit?usp=sharing
That lesson addresses the following standards:
Common Core Standards:
National Standards:
Standard 1. Recognize the responsibilities associated with personal financial decisions.
Standard 4. Make criterion-based financial decisions by systematically considering alternatives and consequences.
Standard 8. Use a personal financial plan.
Ohio Standards:
TOPIC: FINANCIAL RESPONSIBILITY AND MONEY MANAGEMENT Responsible personal finance decisions are based upon reliable information and used to reach personal goals.
CONTENT STATEMENTS:
14. A personal financial plan includes financial goals and a budget, including spending on goods and services, savings and investments, insurance, and philanthropy.
TOPIC: SAVING AND INVESTING Saving and investing strategies help individuals achieve personal financial goals.
CONTENT STATEMENTS:
16. Saving and investing help to build wealth.
The desired outcome of this lesson plan is to provide students with an understanding of:
1.) The components of a budget
2.) How to control cash inflows and outflows
3.) Effective decision making with spending and saving to meet financial goals
Supplemental materials to be used with the lesson plan include the following:
1.) Personal Budget Assignment - Excel document on Google Drive. This template will be used by students to create and track a 3 month budget. Each student will be tasked with creating a DB and post their completed template on the 5th day following each month.
https://drive.google.com/file/d/0B2iDgTxFAAhYaUNKRFR2cmt2eTQ/view?usp=sharing
2.) Study Sheet of Vocabulary Terms - Word Document on Google Drive. This page of vocabulary terms and definitions will be used by the students as a study guide for the Post Assessment Quiz.
3.) Quiz - Quizlet document. This is a quiz to help prepare the students prepare for the Post Assessment Exam
https://quizlet.com/David_Hatgas/folders/djh
<iframe src="https://quizlet.com/205555485/match/embed" height="500" width="100%" style="border:0"></iframe>