THIRD QUARTER EVALUATION

PRACTICE FOR THE PERSONAL FINANCE CHALLENGE–2017

STUDENT RESPONSIBILITIES EVERYDAY DURING THE SIMULATION:

  1. Login daily
  2. Pay bills on-time
  3. Adjust 401(k) contribution % and bank account type, as needed
  4. Read simulation communications via email, Dashboard Alert, and push notifications
  5. Maintain their CFS reconciled
  6. Take quizzes and surveys
  7. Review pay stubs and W-2
  8. Use the Student Quick Tips to help navigate the simulation and perform common tasks
  9. Use the Knowledge Base to answer questions about the game, scoring, website navigation, etc.

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded.

Goal: Before you leave class today you will know how to:

Start to Save

  1. Define simple & compound interest
  2. Determine the impact of interest rate and time on total interest accrued
  3. Identify common savings vehicles (savings account, CDs, MMAs)
  4. Describe common features (liquidity, minimum balance, interest rate) of savings vehicles

Compound Interest

  1. Understand that compound interest leads to more interest over time than simple interest
  2. Describe the impact of compounding frequency on total interest accrued

Budgeting Basics

  1. Describe the purpose of a budget
  2. Describe best practices to use when making a financial plan/budget

RIGHT NOW:

  1. Go to EVERFI and sign in.
  2. Finish Module 1–SAVINGS
  3. Be sure to enter your parent’s email address when you are prompted…..EXTRA CREDIT!!!
  4. FYI: THE POST-TEST WILL GO IN MY GRADE BOOK!!!

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