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Financial Literacy Institute February 9. Melissa Groves mgroves@towson.edu Debbie Batchelor dbatchelor@towson.edu. February 9 th Topics. Standard 4 Standard 6 Technology MSDE Credits Quiz Post-Test. Standard 4 Highlights Manage Credit and Debt. Why Borrow? Sources of Credit
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Financial Literacy Institute February 9 Melissa Groves mgroves@towson.edu Debbie Batchelor dbatchelor@towson.edu
February 9th Topics Standard 4 Standard 6 Technology MSDE Credits Quiz Post-Test
Standard 4 HighlightsManage Credit and Debt Why Borrow? Sources of Credit Interest Payment Methods Credit Worthiness
How Would You Like to Pay?Lesson 8 Sources of credit Payment methods
Credit is Based on TrustLesson 12 Credit Worthiness
Building Wealth:Piggy Bank Craft A shoe box Some pink paper Scissors Glue/tape Creativity
Drew Plans a Budget Decision-Making Spending Plan Goods/Services
Allowance Day Coins in my pocket dance around As I walk about the mall. Today was payday for my chores And I am walking tall. It seems the coins are pleading In their jingly, jangly voice: “Let’s buy a toy!”“Let’s buy some food!” How will I make a choice?
Standard 6 HighlightsManage Risks and Preserve Wealth Insurance Advertising Fraud Identity Theft
Be a Wise Consumer Advertising
Advertising Techniques HUMOR: The ad makes a person smile so they are more likely to feel like buying the product. BANDWAGON: The ad states that “everyone” of any importance is buying the product therefore others should too. TESTIMONIAL: The ad uses a famous person or expert to convince people that a product is better than other products.
A Bonus Question!What advertising technique was used in this advertisement?
InsuranceNewLesson Coming to www.econed.org soon! An agreement that protects you from financial loss in specific cases
Federal Reserve Standard 1: Decisions Standard 2: Income Standard 3: Spending Plan ORDER NOW! https://www.newyorkfed.org/publiations/
A Kid’s Guide to Money Reinforces Standard 1: decision-making, opportunity cost, goal Addresses Standard 2: Relationships between skills and income (page 3) and Sources of income (page 3) To order go to: http://www.clevelandfed.org/learning_center/online_activities/great_minds_think/
MSDE Credit Forms Must be filled out in ink Do NOT indicate credit on the form Enter information shown on the screen
End: Day 3 Complete quiz. Turn in ScanTron sheet Final Evaluation MSDE Credit Form and Envelope Behavioral Survey: Late Spring 2013 Please spread the word about the next class.