 ……Identify differences among people’s values and attitudes as they relate to money. ……Evaluate your own money personality.

Timeline:  Warm Up: 5 min.  Video 1.1: 15 min.  Key Terms:10 min.  The Flaw: 15 min.  Home Work: Back Then Activity, Due Thursday. Warm-up:  How do men and women relate differently to money, and have you noticed any of these differences in your relationships?

 Accountability: The quality or state of being responsible, liable or answerable  Free spirit: A person who thinks that everything will work out fine and typically hates to deal with the details  Nerd: A person who is picky about budgeting and details  Time poverty: A situation in which a person is lacking time, which leads to stress  Value system: A person’s priorities, beliefs and standards that affect how he or she views the world

 ……Evaluate how discussing important financial matters with household members can reduce conflict. ……Understand how having a budget or a money plan can reduce conflict.

Timeline:  Warm Up: 5 min.  Video 2.1: 10 min.  Creative Debating Activity: 25 min.  The Flaw: 15 min. Warm-up:  Why is it important to learn about the differences in how men and women relate to money?

1. Men love to share facts; women love to express feelings. 2. Men connect by doing things; women connect by talking. 3. Men tend to compete; women tend to cooperate. 4. Men tend to be controlling; women tend to remain agreeable. 5. Men tend to be independent; women tend to be interdependent. o By Gary Smalley

 Get in groups of four, with two boys and two girls in each group.  Each group chooses one of the scenarios below. Then partner up by gender within your group—girls work together; boys work together. Both teams in your group will work on the same scenario the group chose.

 Scenario #1: One spouse wants to finance a boat that costs $32,000. The other spouse wants to pay cash. They have $18,000 saved outside their emergency fund. How can they compromise?  Scenario #2: One spouse thinks that their two children need new shoes. The other spouse thinks that the family vehicle needs an oil change. Can both be done with only $30 in the budget for blow money? How can this issue be resolved in the future?  Scenario #3: One spouse wants to go to the beach for family vacation. The other spouse wants to visit relatives in the mountains. How can they enjoy a family vacation and still stay within a $2,000 budget?

 Each team (the girls, the boys) in the group will write a brief paper outlining their solution to the scenario.  They must explain their answer in detail and use at least five of the terms listed in their paper.  »» Accountability  »» Allowance  »» Checking Account  »» Commission  »» Debt  »» Envelope System  »» Fiscal  »» Free Spirit  »» Negotiate  »» Nerd  »» Security  »» Self-Esteem  »» Value System  »»Work Ethic

 Work again as a group of four and read each paper out loud in the group. Discuss the differences between solutions. How did the boys’ solution differ from the girls’ solution? Which of Gary Smalley’s behavioral differences do you notice?

 ……Understand the value of discussing individual and shared financial responsibilities. ……Develop communication strategies for discussing financial issues.

Timeline:  Warm Up: 5 min.  Video 3.1: 10 min.  Roommates and Money Activity: 20 min. o Computers  The Flaw: 20 min. Warm-up:  Are you a natural saver or spender? Explain your answer. $ SaverSpender $

 Things to Talk About Before You Move In o Responsibility: Make sure both you and your roommate know all the terms of the lease and understand the consequences (both legal and financial) of not complying with the lease. o Utilities: Many roommates split the cost of utilities equally. However these expenses are covered, they should be discussed and agreed upon prior to moving in. o Your finances: Know your roommate’s financial situation and share yours with them. Do your parents pay your rent, or are you supporting yourself? o Groceries: Will you plan your meals and shop together, splitting the cost equally? Or will you each buy your own groceries, respectfully avoiding your roommate’s stash of cookies. o Guests: Be sure to set guidelines for how long and often guests can visit. Having noisy guests in your apartment when you’re trying to study can strain the best of friendships. o Cleaning: Some people are neat freaks and others are more laid back when it comes to keeping their place clean. Either way, it’s important to discuss expectations of cleanliness prior to moving in. o Who is bringing what: While bedroom furniture is pretty straightforward, furnishing common space needs to be planned out. What furnishings are needed, and who will be supplying/purchasing them?

1. What are some advantages of a roommate? 2. What are some possible disadvantages of a roommate? 3. What would be your minimum roommate expectations? 4. Do you think rooming with old friends is a good idea? Why or why not? 5. What are some tools/sources for finding a roommate safely?

1. What are some tools/sources for finding a roommate safely? 2. Look at the sample rental agreement (lease) provided. What are the basic components of a lease agreement? 3. Look online to find a sample roommate agreement. How might having a written roommate agreement prior to moving in together be helpful?

 …………Integrate healthy communication about money with parents, friends and others.

Timeline:  Warm Up: 5 min.  Financial Literacy Scholarship Quiz: 20 min.  Check investments: 10 min.  Presentations: 20 min. Warm-up:  How might money affect your value system?

 Divide the students into small groups (preferably mixed genders) and follow the steps below.  You are a family of four (two kids and two adults. Plan your dream vacation. You can go anywhere for a weekend. Discuss for a couple minutes and then I will give you a budget.  Your Budget: $1,100  Hand out the student activity sheet.  Using their $1,100 vacation fund, list out all expenses of their trip: hotel, gas, food, entertainment, etc. Use the internet to get actual admission prices, total mileage if driving, etc. Students will fill out the vacation planning form for this step.  Present your vacation plans to the class.

 ……Asses student learning through test.

Timeline:  Warm Up: 5 min.  Test: 30 min.  The Flaw: 20 min. Warm-up:  How will the information learned on relating with money benefit you in the future?