Learning Objectives
- Identify the Five Foundations of personal finance.
- Understand the purpose of having an emergency fund.
Assignment BAU3.5
- Watch Video 3.1
- 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) .
- Discussion Questions:
- What does it mean to have a negative savings rate?
- Why do you think Americans, in general, are not good savers?
- How can having an emergency fund help you to protect and grow your wealth?
- What are some ways a teen can come up with $500 quickly?
Assignment BAU3.6
- 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
- Be creative and make your poster visually appealing.