clm_financial+knowledge

Career and Life Management CLM - Home ESSK 11 INDEPENDENT LIVING Know and understand the skills, rights, resources, and responsibilities required to live independently in society. ** FINANCIAL KNOWLEDGE ** ESSK.11.01 - Demonstrate the financial knowledge and skills necessary for independent living. Demonstrate the ability to open and maintain **checking and savings accounts**. || ==**Checking and Savings Accounts**== || How to open a checking/savings account How to write checks How to keep a register How to endorse a check How to reconcile a Bank Statement What is 21st Century Banking How to complete a reconciliation between your register and the bank statement. How to start a new month. || **Grand Valley National Bank - Mock Banking simulation books** ||  || Develop a personal **budget** based on a given income level || ==**Budgeting**== || # Why keep track of expenditures?
 * ~  ||~   ||~   ||~ == ||~   ||
 * ~ Week or Date ||~  ||~ Standard/Objectives ESSK 11.01 ||~ Lesson Title/Focus ||~ Skills and Concepts ||~ Resources and Directions ||
 * ||  ||= ESSK 11.01b
 * ||  ||= ESSK 11.02a
 * 1) Why have a financial plan or goals?
 * 2) How do you manage your money?
 * 3) What is a Budget?
 * 4) What is income?
 * 5) What are expenses ?
 * 6) Why Plan for the Hard Times? || **Workbook for Graded Assignments:**



> Demonstrate an understanding of **credit** (types, usage, and costs). ESSK11.03e Demonstrate knowledge of how to access a personal credit report. ESSK11.03f Identify the steps to follow in the case of identity theft. || # == The Credit Puzzle == Demonstrate an understanding of investments (types, purposes, rates of return, and compound interest). || Investing and Retirement || What is investing? How do you invest? Why do people invest? When should you start investing? What are the different ways you can invest?
 * Resources: **
 * 1) Take a Quiz: http://www.gcflearnfree.org/moneybasics/quiz
 * 1) Understanding and Creating a Budge t
 * 2) Read the article in the link titled "Living Below Your Means" then following along in GCF while completing the tasks listed in the Google Doc named "Understanding and Creating a Budget".
 * Extra for your information:**
 * 1) [[file:pv-mrsnichols/Personal Finance_hardtimes.pptx|Personal Finance_hardtimes.pptx]]
 * 2) Money Management ||   ||
 * ||  ||= ESSK 11.01d
 * 1) Banks vs Credit Unions
 * 2) How Banks Work || # What is Credit?
 * 3) Name the three Credit Reporting Agencies?
 * 4) How do you build credit?
 * 5) How do you lose credit?
 * 6) What is a Credit Card?
 * 7) What is a Bank?
 * 8) What is a Credit Union?
 * 9) How does it all work? || **CREDIT REPORT/Identity Theft:**
 * Handout from Federal Trade Commission: use this document to write document your findings Building a Better Credit - Creditreports
 * CREDIT CARDS: **
 * Introduction to credit cards
 * Credit Card Statement
 * BANKS and CREDIT UNIONS:** //Banks take your money, earn interest on your money, give loans at a higher interest rate; that pay your interest you are earning on your savings. The Banks make the profit. //
 * Video on Credit Unions and Banks
 * //Credit Unions vs Banks// ||
 * ||  || ESSK 11.01c

What is the Rule of 72? What is a rate of return? What is compound interest? || "Taking control of your personal finances will take work, and, yes, there will be a learning curve."

Investing 101 - Investopedia - this document will guide your <span class="GINGER_SOFTWARE_mark">research, be sure to make a copy || Understand different types of insurance (auto, life, health, disability, renters) || ==Insurance== || # What is Insurance? > What are the different types? > What insurance do I really need? - <span class="GINGER_SOFTWARE_mark">Use as <span class="GINGER_SOFTWARE_mark">a guide, it explains each type
 * ||  || ESSK 11.01f
 * 1) How does insurance work?
 * 1) What is Auto Insurance?
 * 2) What is Collision?
 * 3) What is Comprehensive ?
 * 4) What is Life Insurance?
 * 5) What is Term?
 * 6) What is Whole Life?
 * 7) What is Health Insurance?
 * 8) What is Disability?
 * 9) What is Renters? || **Resource:**

Insurance Worksheet - Google Doc - graded practice, use pdf above to assist you. || ||  ||   || . || Demonstrate an understanding of <span class="GINGER_SOFTWARE_mark">taxes by calculating tax rates and completing personal income tax returns. || Personal Income Tax Returns || What is personal income tax? How is it determined? Who oversees the tax? How is it paid? What is the IRS? || []
 * Worksheet:**
 * ||  || ESSK 11.01g

[] - Publication for Individuals about federal income tax [] - State of Colorado || a) Identify the requirements to become a registered voter. b) Demonstrate an understanding of the importance of volunteerism and giving back to the community, on both the personal and corporate levels. c) Explain the importance of health and wellness in an individuals’ personal and employment activities. || <span class="GINGER_SOFTWARE_mark">Understanding the Responsibilities of Citizenship || What is a Registered Voter? How to register? When to vote? Why Volunteer? || 1st research each specific objective a, b and c, of standard. Compose a statement why each is important and make sure it relates to the standard, understanding the responsibilities of citizenship. RESOURCES:Voting in Mesa County (CLERK and RECORDER)
 * ||  || ESSK.11.04

2nd make several recommendations for both b and c. These recommendations can be you as individual or as a class you can practice being a responsible citizen. RESOURCES: @http://www.idealist.org/info/Volunteer/Why

3rd as a group or individual plan one simple act of <span class="GINGER_SOFTWARE_mark">volunteerism we can <span class="GINGER_SOFTWARE_mark">complete at the school. || <span style="font-family: 'Century Gothic',sans-serif; font-size: 9pt;">Identify federal, state, and local resources available to community members. || Identify Community Resources || <span style="font-family: 'Century Gothic',sans-serif; font-size: 12.222222328186035px;">Identify resources for housing assistance. (Housing Authority)
 * ||  || <span style="font-family: 'Century Gothic',sans-serif; font-size: 9pt;">ESSK.11.02<span class="GINGER_SOFTWARE_mark"> -

<span style="font-family: 'Century Gothic',sans-serif; font-size: 12.222222328186035px;">Identify resources for medical assistance. (Health Department)

<span style="font-family: 'Century Gothic',sans-serif; font-size: 12.222222328186035px;">Identify resources for legal assistance. (Legal Assistance)

<span style="font-family: 'Century Gothic',sans-serif; font-size: 12.222222328186035px;">Identify community options for recreation || <span style="font-family: 'Century Gothic',sans-serif; font-size: 9pt;">Identify transportation options and resources in the community. || Understand Individual Rights in Society || Yours and my rights in our society ||  ||  ||
 * ||  || ESSK.11.03