Financial Literacy
In this course, you will learn about budgeting, checking and savings accounts, credit cards, debt, and taxes. Learning this course will help you better manage your money and lead you to being financially free.
Intro: Budgeting
What is Budget in your own word
Definition: Budget
Study Objective
Definition: Income
Definition: Annual Gross Wage & Monthly Gross Wage
Definition: Net Pay & Deduction
Calculate Net Pay
Other Option
Your Turn: Calculate Net Pay
Definition: Saving
Watch this video
Why should We Save?
Saving
Calculate monthly budget
Let play a Kahoot Game!
Definition: Needs
Shelter
Utilities
Food
Transportation
Insurance
Find the Total Cost of Needs
Definition: Wants
Sort item into need and want?
Want Examaple
Let Play a Kahoot Game!
Monthly spending & Balance & Evaluate
Now it your Turn!
Worksheet Direction
Complete the Worksheet!
Check your answer!
Complete this Workshop along with chapter
Intro: Saving and Checking Account
Agenda For the day
Bank
What is Bank?
Watch the Video!
Definition: Bank
Bank Example
Watch this video!
Credit Union Question
Bank VS. Credit Union
Example Credit Union
Saving Account
What is Saving Account?
Watch this video!
Why should we save?
Why is it so hard to save?
Watch this video!
Video Question
Definition: Money Marketing Account (MMA)?
Definition: Certificate Deposit (CD)?
Let play a Kahoot Game!
Checking Account
What is a Checking Account?
Withdrawals and Deposit
What is a Check?
Part of a Check
Where are these items going to go on the Check?
Grace Period and Overdraft
Let Play a Kahoot Game!
Difference Between Checking and Saving Account
What is the difference between Checking and Saving account
Account Comparison
How to open an Account
How to open an Account Steps
1. Choose a bank
2. What to bring when opening an account
3. Choose an Account
4 Ask the banker to create a account
Let Play a Kahoot Game!
Answer to the worksheet!
Complete this worksheet along with the workshop!
Intro: Credit Card
Credit Card
Watch this video!
Credit Card Question
Definition: Credit Card
Credit Card
Label the following card
Difference between Debit and Credit Card
Sort it into these categories
Tip
Be Aware
Trouble Sign
Type of credit card
Definition: Unsecured Credit Card & Secured Credit Card
Type of credit card rewards
Let Play a Kahoot Game!
Credit Score
Watch this Video!
Definition: Credit Score
Benefit of have a good credit score
What make up your Credit Score
Finding the right credit card
1. Pick the type of card
2. Find out about the important features
Other Fee to Consider
Definition: APR & Annual Fee
Defintion: Late Payment Fee Cash Advance Fees
Definition: Foreign-transaction fee & Over-limit fee
Match the Picture with the word
3. Compare Credit Card
4. Apply for credit card
Summary
Let Play a Kahoot Game!
Answer to the Worksheet!
Debt
Have you ever heard of this from others ?
Is debt a Good or bad thing?
Watch this video!
Definition: Debt & Interest
What is a Good or bad debt?
Is the following a good or bad debt?
Watch this Video!
Debt term good to know
Looking at a Debt Payment
Match the picture with the word
Let play a Kahoot Game!
Type of Debt
Pro and Con of having a Debt
Secure Debt
Example of Secure Debt
Unsecured Debt
Watch this video!
Student Loans
Revolving Debt
Credit Card debt
Personal Debt
Put them in the right category
Let play a Kahoot Game!
Get rid of Debt
Step 1: Be Determine
Let watch a video!
Step 2: Make a budget
Step 3: Make extra cash
Step 4: Choose a strategic Possible Plan
Is this: Snowball or High rate method
Let play a Kahoot Game!
Tax
Table of Contents
Tax Infomation
Pop Quiz
Government Tax
If Paychecks Could Talk
The Three Basic Tax Types
Type of Taxes
2 type of imcome
Tax cycle
Challenge
Kahoot game
W2/ W4 / W9 / I-9/ 1040 / 1099
Different ways to earn and track income
Starting a new job
W-4 Tax Form
Employee will give you
Complete the worksheet!
Answer
Let learn about Pay Stub
How to Read a Pay Stub
Other Vocabulary
Kahoot
Complete the worksheet
Analyze Part of a Tax Stub
Kahoot game
Annual Gross income
Tax Deduction
You can apply for these to pay less
Adjustment
US Personal Income Tax Overview
Deduction
Tax Deductions
File status: Standard Deduction
Exemption
What are Tax Exemptions?
Kahoot game
File Tax
Video
How to file taxes
Step to files taxes
Order the step in order of how to file taxes
Example
IRS Form 1040 page 1
Calculate Tax
IRS Form 1040 page 2
Kahoot game