Overview
In this module, you are introduced to the expert narrators who speak directly to you throughout the entire course. You are also given an interactive tutorial on how to maximize your experience on the portal. In addition to serving as a launching pad for the courses and simulation, the portal serves as an ongoing resource and support tool, to keep you engaged and provide you with additional learning opportunities.
To Do List
1. Review parent letter
2. Watch intro video
3. Read msn article
4. Complete EverFi overview
5. Complete pre-assessment for MoneySKILL
6. Complete MoneySKILL lessons 1 & 2.
1. Review parent letter
2. Watch intro video
3. Read msn article
4. Complete EverFi overview
5. Complete pre-assessment for MoneySKILL
6. Complete MoneySKILL lessons 1 & 2.
Unit One - Savings
In this module, you learn the important habits of savings and budgeting. You learn how interest fuels savings accumulation and what vehicles can augment this process for individuals. Topics covered include interest, compound interest, The Rule of 72, principal, capital, budgeting and managing expenditures to creating a savings plan, and types of savings vehicles. You learn to create a monthly budget for expenses like insurance, student loans, utilities, transportation, credit card payments, rent, food, and entertainment. You participate in an interactive budgeting game in which you must first place various purchase receipts and bills into categories. Then you must make tough choices to reduce your monthly expenditures by $500. In this exercise, a major component focuses on food, eating out, packing a lunch, and other life-skills. Additionally, you learn the specifics of interest and compound interest by calculating compound interest earned on principal and the number of years it would take to save for a car.
To Do List
1. Complete EverFi - Savings
2. Watch Rule of 72 Video
3. Quick Knowledge Check
4. Complete Financial Plan
5. Skill Demand Response
6. Review Unit Notes
7. Continue MoneySkill Lessons
1. Complete EverFi - Savings
2. Watch Rule of 72 Video
3. Quick Knowledge Check
4. Complete Financial Plan
5. Skill Demand Response
6. Review Unit Notes
7. Continue MoneySkill Lessons
Unit Two - Banking
In this module, you learn about the banking system, retail banks, credit unions, and commercial banks. You examine typical account types (i.e. checking, savings and their features. You will have learned how to complete a check, use online banking resources, and monitor account balance activity. Topics covered include an overview of the Federal Reserve banking system, payday lenders, and FDIC Insurance. You develop a practical understanding of how different account features like protection plans for overdraft or minimum balance requirements can benefit or potentially harm financial condition differently given your income, goals, and previous savings.
To Do List
1. Complete EverFi - Banking
2. Watch Banks & Credit Unions
3. Watch Financial Institutions
4. Watch Pay Day Loans
5. Quick Knowledge Check
6. Supply and Demand - Green jobs
7. Open a Savings Account
8. Review Unit Notes
9. Continue MoneySkill lessons
1. Complete EverFi - Banking
2. Watch Banks & Credit Unions
3. Watch Financial Institutions
4. Watch Pay Day Loans
5. Quick Knowledge Check
6. Supply and Demand - Green jobs
7. Open a Savings Account
8. Review Unit Notes
9. Continue MoneySkill lessons
Unit Three - Payments Types
In this module, you learn about payment types, credit card interest rates, installment credit definitions, selecting and using credit activity, making credit card payments, and getting out of debt. You will understand features like APR, annual fees, credit limits, and rewards for signing up for a new card. Topics covered include cash advances, payday loans, debit cards, merchant cards, Annual Percentage Rates on credit cards, credit limits, annual fees on credit cards, grace periods, minimum payments, and other fee structures associated with credit cards. You will have successfully calculated a return on an initial investment with different interest rates and compounding frequencies. You will be familiar with how minimum payments work, and how to calculate the time necessary to pay off credit card debt using only the minimum payment. You have an interactive look at selecting a credit card as you explore a 3D rendered environment that displays various credit card features.
To Do List
1. Complete EverFi Payments Types
2. Watch Credit Card Debt
3. Watch Pink Polk Dots
4. Watch History of Credit
5. Quick Knowledge Check
6. Credit Card Payment Assessment
7. Life cycle response
8. Review Unit Notes
9. Continue MoneySKILL lessons
1. Complete EverFi Payments Types
2. Watch Credit Card Debt
3. Watch Pink Polk Dots
4. Watch History of Credit
5. Quick Knowledge Check
6. Credit Card Payment Assessment
7. Life cycle response
8. Review Unit Notes
9. Continue MoneySKILL lessons
Unit Four - Credit Score
You learn about the importance of a credit score and how to take control of it. You will understand what a credit score is, how it is calculated, and what the implications of good or bad credit mean. You participate in activities that focus on the financial decisions most detrimental to a credit score and highlight how easily one’s credit can be ruined. The module also includes: agencies that calculate credit scores, what impacts credit scores and how to manage a credit score, FICO, the major credit bureaus, credit checks, and purchases typically requiring good credit.
To Do List
1. Complete EverFi - Credit Score
2. Watch Bad Credit Video
3. Quick Knowledge Check
4. Credit Score Response
5. Credit Card Debt & College Students
6. Message board response
7. Explore Spendster
8. Begin stock market challenge
9. Review Unit Notes
10. Continue MoneySkill lessons
1. Complete EverFi - Credit Score
2. Watch Bad Credit Video
3. Quick Knowledge Check
4. Credit Score Response
5. Credit Card Debt & College Students
6. Message board response
7. Explore Spendster
8. Begin stock market challenge
9. Review Unit Notes
10. Continue MoneySkill lessons
Unit Five - Financing Higher Education
Upon completion of this module, you will have developed a strong understanding of the steps involved in the student loan process. From the initial stages of filling out a FAFSA to understanding repayment obligations for loans you've already taken out, you will cover topics including scholarships, grants, different loan types, good debt vs. bad debt, depreciation vs. appreciation, cost of school attendance, Master Promissory Note, loan payback schedules and returns on investments (including future returns on appreciating assets and an education). To further reinforce these topics, you will assume the role of a financial advisor to provide advice to their fellow classmates.
To Do List
1. Complete EverFi - Financing Higher Education
2. Watch Scholarships Video
3. Watch Save for College
4. Quick Knowledge Check
5. Tuition
6. College Research Guide
7. Review Unit Notes
8. Continue MoneySkill lessons
1. Complete EverFi - Financing Higher Education
2. Watch Scholarships Video
3. Watch Save for College
4. Quick Knowledge Check
5. Tuition
6. College Research Guide
7. Review Unit Notes
8. Continue MoneySkill lessons
Unit Six - Renting vs. Owning
Through this module, you will utilize a cost benefit analyses framework in order to evaluate whether to buy, lease or rent a home or vehicle. The module covers mortgages, appreciation, depreciation, tax incentives, lease terms, fixed and adjustable rate mortgages, balloon payments, liens and foreclosures. You will be asked to think strategically, by using your problem-solving skills to provide solutions to complex, real life, renting vs. owning scenarios.
To Do List
1. Complete EverFi - Renting vs. Owning
2. Finish 1st 2 Everfi Games
3. Watch buying video
4. Home Search
5. Utilize Iowa Realty Website
6. Utilize Polk County Assessor Page
7. Example of an appreciating Asset.
8. Review Unit Notes
9. Continue MoneySkills
1. Complete EverFi - Renting vs. Owning
2. Finish 1st 2 Everfi Games
3. Watch buying video
4. Home Search
5. Utilize Iowa Realty Website
6. Utilize Polk County Assessor Page
7. Example of an appreciating Asset.
8. Review Unit Notes
9. Continue MoneySkills
Unit Seven - Taxes and Insurance
This module will cover topics including sales tax, income tax brackets, property taxes, capital gains taxes, and tax forms (1040, W4, & W2) to convey the importance of these obligations clearly. You will assume the role of a tax consultant and complete an individual tax return in order to calculate the taxes owed for a client. Furthermore, you will run a scenario analysis to highlight the relationships between salary, federal tax withholdings and net pay. Also, the module will review the most relevant types of insurance (health, homeowners, renter’s, and auto) and their benefits. You will evaluate multiple health insurance policies and calculate the costs associated with each (incorporating the policy’s term policy, deductible and premium), in order to recommend an optimal policy.
To Do List
1. Complete EverFi - Taxes & Insurance
2. Watch Insuring Risk
3. Watch W-2 Forms
4. Watch Auto Insurance
5. Quick Knowledge Check
6. Federal Income Tax Response
7. Read CNN Money Article
8. Review Unit Notes
9. Continue MoneySKills
1. Complete EverFi - Taxes & Insurance
2. Watch Insuring Risk
3. Watch W-2 Forms
4. Watch Auto Insurance
5. Quick Knowledge Check
6. Federal Income Tax Response
7. Read CNN Money Article
8. Review Unit Notes
9. Continue MoneySKills
Unit Eight - Consumer Fraud
This module focuses on the protection of personal financial information, details identity theft and how to prevent it, the impact identity theft can have on a person’s life, as well as other consumer fraud protection laws (the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and the Truth in Lending Act). Upon completion of this module, you will be able to prevent common consumer fraud practices (including phishing scams, credit card and banking fraud, and phone and utility theft). In addition, you will develop best practices (including checking credit reports once a year) to spot identity theft.
To Do List
1. Complete EverFi - Consumer Fraud
2. Complete last Everfi Game
3. Complete Identity Theft Presentation
4. Win a Financial Literacy football game
5. Review Unit Notes
6. Continue Moneyskills (should be around lesson 20)
1. Complete EverFi - Consumer Fraud
2. Complete last Everfi Game
3. Complete Identity Theft Presentation
4. Win a Financial Literacy football game
5. Review Unit Notes
6. Continue Moneyskills (should be around lesson 20)
Unit Nine - Investing
This module brings you to the floor of the major Stock Exchanges. You will cover topics including stocks, bonds, mutual funds, risk and reward dynamics, rates of return, shareholders, dividends, and coupons. You will become proficient in allocating the risk and return of stocks, bonds, mutual funds, and savings accounts to create an optimal investment portfolio. Also, you will familiarize yourself with reading a stock quote and understanding how to evaluate a company based on its price, market capitalization, dividend yield, earnings-per-share and price-to-earnings ratio. You will become proficient in a basic understanding of how certain securities are traded.
To Do List
1. Complete Everfi - Investing
2. Watch Commodity Exchanges
3. Watch Brokerage Houses
4. Quick Knowledge Check
5. Custodial Account Talk
6. Finish up MoneySKILL Lessons
7. Buying Stocks Response
8. Review Unit Notes
9. Final
1. Complete Everfi - Investing
2. Watch Commodity Exchanges
3. Watch Brokerage Houses
4. Quick Knowledge Check
5. Custodial Account Talk
6. Finish up MoneySKILL Lessons
7. Buying Stocks Response
8. Review Unit Notes
9. Final
East High School Business Courses (2015/2016)
- Accounting l
- Accounting ll - Computer Applications l - Computer Applications ll - Intro to Business - General Business - Business Law |
- Health & Financial Literacy
- Personal Finance - ELL Micro Economics - Micro/Macro Economics - Intro to Web Design - PowerPoint and Multimedia - Desktop Publishing - Tech Seminar |