Economics Assignments
A summary of what is discussed and assigned daily will be posted here. However, actual documents and PowerPoints will be posted on the Google Classroom website.

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So here is what the deal entails: If you open a savings account, you can deposit any amount all the way up to $1000 and earn 5% interest!!!!!! This is a HUGE deal that you'll understand more in a few weeks. You will keep earning that amount until you are 30 (unless of course times get rough for the bank)!! Any amount over $1000 will earn the normal .1% interest. Please say you heard about the deal at Deer Creek High School because it'll help ensure I get the funding to keep our school's program going.

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$12,500 grant opportunity due Dec 31!!!
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November 17: We completed the chapter 5 case studies and a worksheet entitled Cost of Living Calculator. 

November 15 and 16: Today and tomorrow students are doing research on college and careers to determine costs and filling out the attached chart on GC.

November 14: pages 114-121!!!!

November 13: You need your workbooks today. We are completing pages 108-111.

Answer in your brain-- How does starting college with the end in mind motivate to avoid loans and credit card debt?

November 10: Pages 104-107!!! Then we talked about Veterans' Day!!! =)

November 9: First students wrote a note to their future self. Then we went through the first three pages of Chapter 5 pages 100-103.

November 8: We are going to watch this video today about gambling in class. We won't quite finish. If you are interested in finishing you are welcome to watch it on here. =)
 
November 7: Gambling quiz day!

November 6: Today we are learning about the negative effects of Gambling. Tomorrow we will have a quiz. View attachments on GC.

November 3: Test day!

November 2:  Yesterday you completed the chapter 4 workbook summary and the case studies. You also received the study guide for the test that is on Friday. Today we are going over all of it. 

October 31: Today we looked at a few scenarios and determined whether or not the people deserved the loan they wanted. Then I told them about different loan companies and the different loan opportunities I receive each day in the mail. Afterward I told students the things a collection agency cannot do to them and they researched different credit laws out their to protect them.

October 30: We are completing pages 92-95 in the workbook today along with the Making a Loan sheet, How to Handle Identity Theft Threats and Debt Collectors, and then I discussed with you fraud I've received. 

October 27: Go online and figure out how these unfortunate acts can lead to thieves taking your money! Write them down.
-Identify Theft -Hacking
-Forgery -Security Fraud
-Ponzi Schemes -False Billing
-Dumpster Diving -Pretexting
-Skimming -Stealing
-Phishing -Changing Your Address

Then we looked one more time at the fine print for credit cards (see attachment). Students answered questions 1-7.
 
October 26: Today we are learning how crazy the rent-to-own option is! We are looking at the website attached on GC and completing the chart on GC as well. This is due at the end of the period.

October 25: Bellwork: Using what you know about the debt snowball, prioritize the order of the debts to be paid.
-A car loan with a balance a $6,000, monthly payments of $250, and an interest rate of 8.9%.
-A bank credit card with a balance of $800, minimum monthly payments of $20, and an interest rate of 19.5%.
-A student loan with a balance of $30,000, monthly payments of $175, and an interest rate of 6%.
-A store credit card with a balance of $2,300, minimum monthly payments of $70, and an interest rate of 15.9%.
-A credit union credit card with a balance of $3,500, minimum monthly payments of $110, and an interest rate of 12%.

We completed pages 90-92.

I told you about debt:
You hire an attorney to file a bankruptcy petition for you which begins the bankruptcy process. You attend a meeting with you creditors with your attorney and a person from bankruptcy court where your petition is approved or not. During the process you must attend debt counseling classes. Bankruptcy stays on your credit history for 10 years and lowers your credit score. You will have higher interest rates to pay when borrowing money. It can keep you from that house you want or even that job! Student loans, child support and income taxes don’t go away with bankruptcy. 

*When a person can’t pay their debts, society gets to pay for them! With higher interest rates!
*Most ads for improving your credit are scams. Just budget and be smart with your money!

Chapter 7: Releases you from your debt but the bankruptcy court person takes away all of your assets to pay everyone back. There are a few things you may get to keep depending upon the state you live in. Afterward you can’t file again for 8 years. It’s hard to qualify. Usually people must be unemployed or have a low income.

Chapter 13: You file a repayment plan for paying off your bills. You’ll have about 3-5 years to do so. You get to keep your stuff. Often time creditors will settle for a lesser amount. You pay everything to the bankruptcy court person who monitors your progress. 

October 24: We are completing pages 88 and 89 in the workbooks and then completing the attached worksheet regarding the Debt Snowball method.

October 18: We had Quail Creek Bank here today to discuss with us about their awesome deals for you guys and also the loan process.

October 17: View the PPT on GC about credit cards, credit scores, and online shopping if you were gone today.

October 16: We are completing pages 85-87 of the workbook today.

October 13: We are completing the True Cost of Ownership worksheet (attached on GC) comparing how much you spend when you buy a new car vs. how much cheaper it is to buy used. 

October 12: Students finished the Credit Card Comparison worksheet from yesterday if they hadn't finished. Then we completed pages 83-84 in the workbook.

October 11: Students completed the Comparing Credit Laws and Cash Advance worksheets attached on GC.


October 10: We are completing pages 76 through 81 of the workbook today.
 
October 9: We started chapter 4 today (pages 72-75). Students wrote down extra vocab. terms I had on the board.
 
October 6: Test day! You have one week to make it up and you must schedule a day with me that works with my schedule.

October 5: Review day! Test tomorrow! Reality Check interviews are due today! 

October 4: We are working on our study guides today. I handed them out yesterday (and attached them on GC). These need to be done before you leave today. Your test is Friday.

October 3: Students are completing the Chapter 2 and Chapter 3 case studies. I am giving them all the study guide today. They will have all day to work on it tomorrow. We will review Thursday and their test will be Friday. Handouts on GC. 

October 2: We are completing the Calculating Your Net Worth sheet along with the chapter summary. Handout on GC.

September 29: Today we are practicing the zero based budget. Handout on GC.

September 28: Today we watched a couple Dave Ramsey videos and complete pages 61-65 on our workbooks. You have an interview due next Thursday. See that attachment on GC. 

September 27: We discussed pages 56-60 and completed the Balancing Your Checkbook assignment. Handouts on GC.

September 26: Students practiced the check writing on their own. We reviewed in class, too. Handouts on GC.

September 25: Today students put into practice what they learned on Friday writing checks, deposit slips, and filling out check register. Then we looked at 5 phone apps that help with budgeting. Handouts on GC.
 
September 22:
Add to the Chapter 3 vocabulary the following words and their definitions
check
“debit an account”
“credit an account”
debit card
credit card
to void
endorse a check
deposit ticket/slip
account number
check stub
check register

We learned how to balance a checkbook, write a check and deposit ticket and how to keep track of our check register. See attached PowerPoint.September 20: We learned about compound interest and then completed the attached sheet on GC in class to reiterate the concept.

September 21: We are starting chapter 3 today, pages 50-54.

September 20: We learned about compound interest and then completed the attached sheet in class that's on GC to reiterate the concept.

September 19: Google what a brokerage cash management account is, a credit union account, and a mutual fund money market account. Write these down in chapter 2 on your workbooks. Complete the Sinking Fund page. We learned about the Sinking Fund approach yesterday! We are completing pages 39-43 of the workbook today.
 
September 18: List five ways in which you could save more for your needs and wants (somewhere in your workbooks in chapter 2 write these down.).
We completed pages 36 to 38  in the workbook and practiced the sinking fund method (see attachment on GC). 
 
September 15: 1. Go online. What is the current US saving rate. Is it higher or lower than 4%? What might have caused this increase or decrease in saving behavior. 
2. Compared to these other countries (view the attachment on GC) how good or bad are we at saving?
3. What factors should determine how much a household saves?

We completed pages 32-35 today.

September 14: We went over pages 29-31 in the workbook and students added the vocab terms from the board to our workbook.

September 13: Happy test day! Missed it? Not happy with your grade? You have a week to take/retake it and you need to schedule with me.

September 12: Today we reviewed for tomorrow's test! You can do it!
 
September 11: Turn in your Food for Thought paper. Get the chapter 7 summary done in the workbook as well as the study guide that I gave you on Friday! Tomorrow we will review. Wednesday is your test. 

We also discussed 9/11 a little bit. If you desire to know more the 9/11 Memorial website has eye opening timelines and details. 
 
September 8: Bellwork: You go to the store and the original price of an item is $29.99.
If the item was on sale and the sale was 15% what would the new price be?
If the item was an additional 20% off of the sale price what would the new price be?

You go to the store and the original price of an item is $179.99.
If the item was on sale and the sale was 25% what would the new price be?
If the item was an additional 20% off of the sale price what would the new price be?

Students then worked on the Food for Thought worksheet. They also received the Unit 1 study guide. 

September 7: Answer the following on a piece of paper and turn it in: What is something expensive you want right now? How much is it? Go online and find it somewhere else or find a knock off of that item. Where did you find it? How much cheaper was it? Turn this in when you are done.  Then we discussed pages 151-156.

September 6: Students reviewed the following:
List the steps in making a decision using the acronym. 
What is opportunity cost?
What is the opportunity cost of going to a movie instead of going to the mall?

Then together we completed pages 147-151 of the workbook.

September 5: Students completed pages 138-141 of their workbook then together we discussed pages 142-147 in bargain shopping! 

September 1: Today you practiced the PACED decision making model, turned in your budgets, and completed the Commercial Viewer sheet after we viewed different commercials and determined which technique was used to get customers to buy a product. The handouts from today are on GC.

August 31: Your budgets are due tomorrow! Ekk! We are completing page 135 and 136 today while also learning about the PACED decision making model! The model is attached on GC.

August 30: Google what a pyramid scheme is and find an example of them online. On the same page as yesterday answer the following
1. What is a pyramid scheme?
2. What is an example of one?
3. Why must you be careful with them if you choose to partake in them?

We then discussed pages 133 and 134.

August 29: Students answered these questions and then turned them in:
1. What is a better deal on a $50 item: 45% off the original price or 30% off and additional 20% off at the register?
2. What is the price per item if you purchase an $8.99 product at “Buy 2, get 1 free?
3. Why do stores offer sales such a buy 1, get 1 at half or buy 2, get 1 free?
4. What do you have to be cautious of before purchasing anything that is on sale?

Than we watched a Dave Ramsey video and completed page 132.

August 28: Today we talked about the cost of cool. We discussed pages 126-131. Don't forget your budgets that are due on Friday! Check out the writing contest on Google Classroom for a chance to win some money!

August 25: Students completed  pages 24-27 in their workbook. Specific directions are on Google Classroom.

August 24: Parent Interviews are due tomorrow! You received your first budget form today (also attached in Google Classroom). Start it tomorrow. You will turn it in next Friday. We finished pages 20-23 in the workbook today and watched another Dave Ramsey video.

August 23: We completed and discussed pages 14-19 in the workbook and watched a short Dave Ramsey video. Remember your Parent Interviews are due on Friday.

August 22: Today we completed pages 12-13 in the workbook and watched our first Dave Ramsey video.

August 21: Today you received your personal workbooks. We talked about pages 8-11. See you tomorrow! =)

August 18: We took a Pre-test (wasn't graded) and you received your first assignment, the Parent Interview, which is due next Friday to give you time to talk with your parent/guardian. The interview is attached on Google Classroom.

August 16 and 17 we discussed classroom policies and procedures and got to know own another.