Introduction
What is Financial Literacy? Financial literacy is the knowledge that allows an individual to make informed and effective decisions with all of their financial resources. We are going to cover many topics within the finance world and go over many skills that will help you make effective decisions.
Topics covered include; money management and financial decision making, benefits and risks of credit, improving personal earning capacity, investing for the future, types of financial services, and selecting insurance.
Task
You will be asked to visit a series of websites, look at pamphlets, and asked specific questions. Using an online presentation software, you will then create a presentation of your answers and be prepared to share them.
You can use Google Slides to create your presentation.
Process
Q1 - What is a budget?
Q2 - What is the difference between a checking account and a savings account?
Q3 - Do you have a bank account? If so, what is the bank called?
Q4 - What is a credit card? What age can you get one?
Q5 - Read this article: https://www.creditkarma.com/credit-cards/i/debit-vs-credit and tell me what the difference is between a credit card and a debit card?
Q6 - Use this link: https://www.nerdwallet.com/article/finance/credit-score-ranges-and-how-to-improve and tell me what is a credit score? Why is it important? What are the categories of a bad, fair, good, or excellent credit score?
Q6 - What kind of benefits would you get if you got a job with the Bucks County Administration Building?
Q7 - What is a 401k? Is this something you should be involved in?
Q8 - Check this link out: https://smartasset.com/taxes/pennsylvania-paycheck-calculator to find out what your taxes would be if you made $40,000 a year.
Q9 - In Module 6 finance literacy book on the Project SEARCH shelf, what different types of insurance are there?
Q10 - In Module 5 finance literacy book on the Project SEARCH shelf, what are fast facts about banking fees? Give 4 examples of types of fees.
Evaluation
Here is the rubric for your presentation:
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CATEGORY |
4 |
3 |
2 |
1 |
SCORE |
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Requirements |
All requirements are met and exceeded. |
All requirements are met. |
One requirement was not completely met. |
More than one requirement was not completely met. |
|
|
Sources |
Source information collected for all graphics, facts and quotes. All documented in desired format. |
Source information collected for all graphics, facts and quotes. Most documented in desired format. |
Source information collected for graphics, facts and quotes, but not documented in desired format. |
Very little or no source information was collected. |
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|
Presentation |
Well-rehearsed with smooth delivery that holds audience attention. |
Rehearsed with fairly smooth delivery that holds audience attention most of the time. |
Delivery not smooth, but able to maintain interest of the audience most of the time. |
Delivery not smooth and audience attention often lost. |
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Content |
Covers topic in-depth with details and examples. Subject knowledge is excellent. |
Includes essential knowledge about the topic. Subject knowledge appears to be good. |
Includes essential information about the topic but there are 1-2 factual errors. |
Content is minimal OR there are several factual errors. |
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Originality |
Product shows a large amount of original thought. Ideas are creative and inventive. |
Product shows some original thought. Work shows new ideas and insights. |
Uses other people's ideas (giving them credit), but there is little evidence of original thinking. |
Uses other people's ideas, but does not give them credit. |
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Conclusion
I hope you learned about the importance of money management. This is just a small example of the ways you can educate yourself so you can have money when you want and need it!