Day 9

Lesson Objectives

  • 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.

Assignment 2.2.4

  1. Watch Video 2.2
  2. As you watch the video, record the missing words from page 37-38 of the Chapter 2 Textbook as they pop up on the left side of the video screen by filling in this form.  (page 37-38) .
  3. Discussion Questions:
    1. When can you begin building wealth?
    2. What is the key ingredient when it comes to building wealth?
    3. Read “Ready to Start Saving,” page 38.  Summarize what you learned about banking.
  4. Watch Video 2.3
  5. As you watch the video, record the missing words from page 39 of the Chapter 2 Textbook as they pop up on the left side of the video screen by filling in this form.  (page 39) .
  6. Discussion Questions:
    1. What is compound interest?
    2. How can compound interest help you grow wealth?
    3. What excites you most about investing?
    4. Explain how Ben ended up with more money than Arthur?

Assignment 2.2.5

  1. In your Personal Finance Journal-C2 file in your Chapter 2 folder, complete the next two rows in the table by answering the question listed.