Lesson+2

Agenda: Discuss lesson 1 questions and homework. Practice problems relating to interest!! 

Review Project and Guidelines 

Discuss the homework, and give the students an opportunity to interview the teacher about her or his budgeting practices, encouraging the students to ask questions beyond the questions listed below.

Homework: 1. Interview parents and at least 3 community members about how they budget their money and finances. To help you with your interview, here are some helpful questions, feel free to develop and use your own! Make sure to take notes and create a visual representation of how each person you interview budgets her or his monthly income.

a) How do you budget your income on a monthly basis? b) With your particular profession do you find your budget reasonable? c) How many things do you purchase via credit card each month? d) How do you pay off your credit cards/loans (i.e. making the minimum monthly payment, or paying it off completely each month)

Remember: These questions are just a guide, be creative. This is an opportunity for you to compare and contrast the different budgeting strategies out there.

<span style="color: #3cd33c; font-family: Impact,Charcoal,sans-serif; font-size: 150%;">2. <span style="color: #3cd33c; font-family: Impact,Charcoal,sans-serif; font-size: 150%;">Ask your parents for a copy of a recent credit card statement, to begin your credit card project. You will have time in the following class to begin working on the project. If you forget to get one from your parents, one will be provided for you in class.

<span style="color: #031c03; font-family: Impact,Charcoal,sans-serif; font-size: 150%;">Example of a Credit Card Statement
<span style="color: #031c03; font-family: Impact,Charcoal,sans-serif; font-size: 150%; line-height: 0px; overflow-x: hidden; overflow-y: hidden;">