financial literacy institute february 9 melissa groves debbie batchelor
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Standard 4 Highlights Manage Credit and Debt Why Borrow? Sources of Credit Interest Payment Methods Credit WorthinessTRANSCRIPT
February 9th Topics•Standard 4•Standard 6•Technology•MSDE Credits•Quiz•Post-Test
Standard 4 HighlightsManage Credit and Debt
Why Borrow? Sources of Credit Interest Payment Methods Credit Worthiness
Why Learn about Credit?
How Would You Like to Pay?
Lesson 8
Sources of credit
Payment methods
Credit is Based on Trust
Lesson 12
Credit Worthiness
Building Wealth:Piggy Bank Craft
A shoe boxSome pink paperScissorsGlue/tapeCreativity
Drew Plans a Budget
Decision-Making Spending Plan Goods/Services
Allowance DayCoins in my pocket dance aroundAs I walk about the mall.Today was payday for my choresAnd I am walking tall.
It seems the coins are pleadingIn their jingly, jangly voice:“Let’s buy a toy!” “Let’s buy some food!”How will I make a choice?
Standard 6 HighlightsManage Risks and Preserve Wealth
Insurance
Advertising
Fraud
Identity Theft
Be a Wise Consumer
Advertising
Advertising Techniques
HUMOR: The ad makes a person smile so they are more likely to feel like buying the product.BANDWAGON: The ad states that “everyone” of any importance is buying the product therefore others should too.TESTIMONIAL: The ad uses a famous person or expert to convince people that a product is better than other products.
A Bonus Question!
What advertising technique was used in this
advertisement?
InsuranceNew Lesson Coming to www.econed.org
soon!
An agreement that protects you from financial loss in specific cases
Federal Reserve
Standard 1: Decisions Standard 2: Income
Standard 3: Spending Plan
ORDER NOW!https://www.newyorkfed.org/
publiations/
A Kid’s Guide to Money
Reinforces Standard 1: decision-making, opportunity cost, goal
Addresses Standard 2: Relationships between skills and income (page 3) and Sources of income (page 3)
To order go to:http://www.clevelandfed.org/learning_center/online_activities/
great_minds_think/
MSDE Credit FormsMust be filled out
in inkDo NOT indicate
credit on the form Enter information
shown on the screen
End: Day 3 Complete quiz. Turn in
– ScanTron sheet– Final Evaluation– MSDE Credit Form and Envelope
Behavioral Survey: Late Spring 2013 Please spread the word about the
next class.