Learning Objectives
- Identify the Five Foundations of personal finance.
- Understand the purpose of having an emergency fund.
- Explain the three basic reasons for saving money.
- Understand the importance of saving for both long-term and short-term goals.
- Describe what a sinking fund is and identify purchases for which you would use a sinking fund.
- Demonstrate how compound interest works and understand the impact of annual interest rate.
- Describe the difference between simple and compound interest.
- Understand the importance of beginning to save now.
Assignment 2.S.1
- Read each of these statements and mark whether you agree or disagree.
Assignment 2.S.2
- Make a copy of this Google Document, rename the document 3 Reasons to Save-(Your Initials), and move it into your Chapter 2 folder.
- Fill in the graphic organizer with the three things you need to save for. Describe why each is important for your financial future.
Assignment 2.S.3
- Utilize this Chapter 2 Review to assess your learning from Chapter 2. You have as many attempts to get as good of a score as you can. You are free to use your Chapter 2 Textbook when going through this review.
Assignment 2.S.4
- Make a copy of this Google Document, rename the document Short Answer 2-(Your Initials), and move it into your Chapter 2 folder.
- Use your Chapter 2 Textbook to help answer your questions.
Assignment 2.S.5
- Make a copy of this Google Document, rename the document Case Studies 2-(Your Initials), and move it into your Chapter 2 folder.
- Use your Chapter 2 Textbook to help answer your questions.
- Read THREE of the cases and write a possible resolution to the problems presented. Remember to apply the personal finance knowledge and principles you have learned in this chapter.