Day 8 (8)

GOAL: You will continue reflecting and planning for the future by creating a financial timeline in the form of a roadmap. You will brainstorm various financial decisions, expenses, and events anticipated in your lifetime and consider the steps you will need to take to face each. Upon completion of the course, you will revisit this timeline to make revisions or apply new knowledge.

  1. Remember that Module 1 asked you to pick three values that are important to you. Here is a list of examples you were asked to pick from:
    1. Donating to charity
    2. Having a job I love
    3. Starting my own family
    4. Traveling the world
    5. Not having to worry about money
    6. Spending time with my friends
    7. Saving for retirement
    8. Supporting my family
    9. Getting a good education
    10. Helping other people and my community
    11. Owning a house someday
    12. Buying my first car
    13. You can add your own also.
  2. In pairs or small groups, share one value that matters to you and what action steps you must take for it.
  3. Brainstorm all financial decisions or expenses – how you plan to spend your money – during different phases of life. Here are some examples of phases: now (middle school), high school, college, post-college adulthood, etc.
  4. You may connect examples in this brainstorm to the aforementioned values. Be creative but realistic with this brainstorm.
  5. Write your brainstorming down in Word Online file for this class. You will need it later.
  6. You are going to use examples from this brainstorm and plot them on a timeline or “roadmap” of
    your life. You may choose to make a traditional timeline, with a year interval of your choice. You may choose to connect chronological events in the style of a roadmap. Here are some examples:

  7. You should be considering both needs and wants on your timeline/roadmap.
    1. What is the difference between need and want?
  8. Get paper, rulers or straight-edges, and colored pencils. You will have 15-20 minutes to create your timeline.
  9. Share your timeline with the class.
  10. After the completion of the course, you will be able to describe the steps you will need to take to plan for and manage financial decisions and events.
  11. Your timelines will be hung in my classroom where you can easily accessed them after completion of the remaining FutureSmartTM modules.

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