Personal Finance

Making Smart Financial Goals

Read the info and fill in the following packet: Smart Goals Financial Planning.

Budgeting

Complete the Budget Busters Inventory: Budget Busters Inventory.

Read the Article: Learn to Live.

Complete the Redecorating Activity: Redecorating.

Examine the Teenage Budget pie chart and think about your own resources. What would your budget look like? There is no assignment with this, it is just to look at and think about.

Examine the Time Management pie chart and take a couple days to understand your own time management patterns. Then make your own pie chart and turn it in. Make sure to label the categories and include a table with the exact amounts of time. What can you improve on?

Go to this website Reality Check and run the Reality Check simulation. At the end of the simulation, identify the following items:

Salary per hour
Salary per year
Three top jobs that fall in your pay scale
Education Required

Using the Salary from the Reality Check simulation, go to TheMint.org and play Determine Your Budget. Keep trying until you have achieved a budget that isn’t negative, then take a screenshot and submit it for grading.

Banking

Complete the Debit Card and Checking Simulation review and complete the simulation and questions at the end of the lesson (pages 14-25).

Shopping

Complete the Shopping for Food Assignment.

Taxes

Read the handout: How to Read a Paystub.

Fill out the Paycheck Worksheet.

Read the Powerpoint, Preparing Taxes.

Complete a tax form 1040 for James T Kirk, using the following documents.

These forms are all filled out for you: W2, Itemized Deductions Schedule A, Interest and Dividends Schedule B, Child Tax Credit, Supporting Statements, Dependent Information, Recovery Rebate Worksheet, and more Supporting Statements.

Here is a blank, fillable form 1040 for you to fill out, using the information in the above documents: Form 1040.

Buying a Car

Have someone read to you the article Getting a good deal on a new car. As you listen, fill in the blanks in this New Car Notes worksheet.

Then, take this auto buying quiz. When you finish, check your answers here!

Have someone read to you the article Buying a Used Car. As you listen, filling in the blanks in this Used Car Notes worksheet.

Choose three cars of people you know, to inspect. Using the Used Car Checklist, go over the car and fill in relevant information for every item in the column. If something is in good shape, just note “no problems.”