Day 42

Lesson Objectives

  • List five steps you should take before making a major purchase

Assignment 6.2.1

  1. Watch Video 2.1
  2. Record the missing words from pages 135 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 135) .
  3. Discussion Questions:
    1. What constitutes a significant purchase?
    2. Give an example of immature spending behavior?
    3. What’s the correct way to pay for large purchases?

Assignment 6.2.2

  1. Make a copy of this Google Document, rename the document Daily Decisions-(Your Initials), and move it into your Chapter 6 folder.
  2. Following the directions below:​
    • Fill in the missing blanks by computing the daily and monthly cost of each item listed (use 30 days in a month).
    • Add two of your frequent expenses and compute the daily and monthly cost.
    • Use the Investing Calculator to figure out the future value of your expenses if you invested that money for 30 years.
    • How much would you have if you stopped contributing at the end of 30 years, but left the money invested for an additional 30 years? 

Assignment 6.2.3

  1. In your Personal Finance Journal-C6 file in your Chapter 6 folder, complete the next row in the table by answering the question listed.