Day 73

Learning Objectives

  • Identify the Five Foundations of personal finance.
  • Understand the purpose of having an emergency fund.

Assignment BAU3.5

  1. Watch Video 3.1
  2. As you watch the video, record the missing words from page 32-34 of the textbook as they pop up on the left side of the video screen by filling in this form.  (page 32-34) .
  3. Discussion Questions:
    1. What does it mean to have a negative savings rate?
    2. Why do you think Americans, in general, are not good savers?
    3. How can having an emergency fund help you to protect and grow your wealth?
    4. What are some ways a teen can come up with $500 quickly?

Assignment BAU3.6

  1. With a partner, create a mini-poster of the Five Foundations presented on page 32 of your textbook.  Your poster should include the following: 
    • a picture representation of each of the Five Foundations
    • a brief description of how you plan to follow through with each step
    • a label for each drawing stating which of the Five Foundations is represented
  2. Be creative and make your poster visually appealing.