Lesson 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.R.1
- Obtain a partner from your teacher.
- Make a copy of this Google Document and share it with your partner. Name the file Rate of Return-(Your Initials). Please it in your Chapter 2 folder. Complete the document as instructed.
Chapter 2 Folder
- Your Chapter 2 folder should have the following files in it:
- Personal Finance Journal-C2
- Five Foundations (poster)
- Saving A Way to Build Wealth
- 3 Reasons to Save
- Short Answer 2
- Case Studies 2
- Rate of Return
- Investment 2