Lesson Objectives
- Develop communication strategies for managing money and discussing financial issues.
- Evaluate your own money personality; identify your money strengths and weaknesses.
Assignment 1.3.1
- Watch Video 3.1
- As you watch the video, record the missing words from pages 20-23 of the Chapter 1 Textbook as they pop up on the left side of the video screen by filling in this form. (page 20-23) .
- Discussion Questions:
- Why is it important to know the language of money?
- In what ways does your behavior affect whether or not you win with money?
- What does it take to become money smart?
- Describe the three levels of financial well-being.
- When you’re an adult, who will determine your level of financial well-being?
- Why is it important to consider your money personality when developing a personal financial plan?
Assignment 1.3.2
- Some people make more than $100,000 per year but are living at survival because they spend everything they make (and then some). There are others who make $40,000 per year but live at a secure level. How is this possible?
- Read about the three levels of financial well-being on page 22 in your Chapter 1 Textbook.
- Utilize this information as well as information from your research on the internet to identify how this can happen. Then create a new document titled Financial Well-Being-(Your Initials) and write a paragraph explaining your thoughts. Then in a new paragraph, write how a person can be sure to keep themselves from ever getting into the survival stage. In the end, you should have a one-page report showing your thoughts.
Assignment 1.3.3
- In your Personal Finance Journal-C1 file in your Chapter 1 folder, complete the next row in the table by answering the question listed.