Day 2

Lesson Objectives

  • Describe what personal finance is.
  • Outline the components of effective financial planning.
  • Identify focuses of study throughout this course.

Assignment 1.1.1

  1. Watch Video 1.1
  2. As you watch the video, record the missing words from page 13 of the Chapter 1 Textbook as they pop up on the left side of the video screen by filling in this form.  (page 13) .
  3. Discussion Questions: 
    1. What is personal finance?
    2. Why is it important to set money goals?
    3. In what ways are people different when it comes to managing money?
    4. What is the behavior they refer to?  How does that affect the results of one’s money?
    5. What does paycheck to paycheck mean?  Why do 7 out of 10 households live paycheck to paycheck?

Assignment 1.1.2

  1. In your Personal Finance Journal-C1 file in your Chapter 1 folder, complete the next row in the table by answering the question listed.