Day 4

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

  1. Watch Video 3.1
  2. 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) .
  3. Discussion Questions:
    1. Why is it important to know the language of money?
    2. In what ways does your behavior affect whether or not you win with money?
    3. What does it take to become money smart?
    4. Describe the three levels of financial well-being.
    5. When you’re an adult, who will determine your level of financial well-being?
    6. Why is it important to consider your money personality when developing a personal financial plan?

Assignment 1.3.2

  1. 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?
  2. Read about the three levels of financial well-being on page 22 in your Chapter 1 Textbook.  
  3. 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

  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.