1 of 4BUILDING BLOCKS STUDENT WORKSHEET Dirk avoids five financial disasters

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Name: Date: Class:

BUILDING BLOCKS STUDENT WORKSHEET

Dirk avoids five financial disasters

Spring 2020

An average of 4,700 to 8,000 servicemembers are separated each year from the military for financial issues.

Five financial disasters that servicemembers can experience are buying a car that is too expensive, having zero savings for emergencies, using a credit card without properly budgeting to pay off the balance in a timely fashion, using rent-to-own without researching all available options, and taking out a loan without understanding the loan terms.

INstructions

Complete Dirk’s MiMM story at https://mimm.gov/.

Review Dirk’s story and take notes on the financial disaster your group was assigned.

Work with your group to outline and write a short speech on the assigned financial disaster.

Each group will present their speeches to the class.

§ Working independently, take notes on the other groups’ speeches.

Answer the reflection questions on your own.

Write your financial disaster speech1. Which financial disaster was your group assigned?

2. Review Dirk’s story to read the information in the tip sections and take notesabout your group’s assigned financial disaster.

https://mimm.gov/

2 of 4Spring 2020

BUILDING BLOCKS STUDENT WORKSHEET Dirk avoids five financial disasters

3. Use your notes to outline your speech using the table below.

Outline for your financial disaster speech

Don’t

Do

Because

Write your speechBased on the information from your outline, work with your group to write a short speech (up to 60 seconds long) about why these things should be avoided and how a person can avoid them.

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Learn from your peersAs you listen to the other groups’ speeches, take your own notes on each financial disaster.

Disaster Don’t Do Because

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Reflection questions1. Which of Dirk’s choices was the most difficult for you to make? Why?

2. What are three techniques you learned to avoid financial disasters?

3. In the future, do you think you’ll spend more money than you earn in your paycheck? Why or why not?

4. In the future, why should you save money for emergencies?

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