Financial Responsibility: Creating a Budget Freshmen OrientationApril 27, 2010

Agenda Quick-writes dealing with financial responsibility. Review page 76 in the Guidebook. Examine the cost of items in Fresno and Avenal, examine “wants” and “needs”. Notebook, Guidebook, and Workbook assignments. And 3 quotes on financial responsibility.

Objectives Students Shall; Practice building a budget. Understand the sacrifices needed to maintain a high cost lifestyle. Further examine basic economic principles by understanding the differences between “wants” and “needs”.

Quick-write quotes Choose 2 out of the 3 to write on. “Make no mistake, my friend, it takes more than money to make men rich.” ◦ Quoted from A. P. Gouthey “Money was invented so we could know exactly how much we owe.” ◦ Quoted from Cullen Hightower It's just as easy to be happy with a lot of money as with a little. ◦ Quoted from Marvin Traub

Guidebook page 76 HOUSECREDIT CARDS CARCABLE FOODMOVIES GASDINNER PG &ECELL PHONE WATERSHOPPIN G

Real life costs and prices ItemCosts in FresnoCosts in Avenal Apartments2 bedroom on Chestnut Ave., $625 monthly rent. Villa Esperanza, 3 & 4 bedrooms $599 monthly rent. Houses3 bedrooms, 2 bathrooms, 1929 sq. feet. N. Anna St. $218,000. Near the River Park Shopping Center. 2 bedroom, 1 bath, $50,000. Vehicles2010 Dodge Ram 1500 Basic package, $16, L Hemi engine 4x2 wheel drive 2003 Ram L Hemi engine 4x4 wheel drive $10,000 Car Insurance 2 vehicles cost Mr. and Mrs. Rosas $275 monthly 2 vehicles cost Mr. and Mrs. Rosas $160 monthly Cable TV and Dish Comcast Cable, $112 Premium Channels Sports package DVR DirecTV, $132 Premium Channels Sports Package More than one DVR

Notebook assignments You will need to copy a blank chart like the one on Guidebook page 76 twice. Make sure that you have space to write. The 1 st chart, you will estimate how much it costs to pay for each item you want. Be very specific, like the type of home/apartment, car, etc. The 2 nd chart, estimate how much your parents/family pay for each item.

Financial Responsibility: Credit Cards and Investing Freshmen Orientation April 28, 2010

AgendaApril 28, 2010 Take your materials out. Quick-write, as you complete this task I want to stamp yesterday’s notebook homework. What did you learn from asking your parents about the family budget? Are there any “wants” that you would give up if you had to? Guidebook and Notebook assignments.

Objectives Students Shall; Re-evaluate their thoughts about financial responsibility after they spoke with their parents. Examine the advantages and disadvantages of using credit cards.

Quick-write Take out a sheet of binder paper. You will write 3 original quotes about being responsible with money. Think about… ◦ Wants and Needs ◦ Savings ◦ Your future ◦ What is important to you. You will need this same paper for another assignment.

What did you learn from yesterday? Use the same paper from your quick-write. After you spoke to your parents last night and made your own budget you need to answer these two questions; 1. What did you learn about the hard work and sacrifices your parents make for you? 2. Are there any “wants” that you would give up if you need to? 3.If you did not do this, you have to write a one page explanation why you could not budget your time to finish this. Perhaps your parents’ should be informed.

Guidebook and Workbook Guidebook pages 77 and 78 let’s examine these together. Workbook pages 97 and 98 will be your responsibility to complete.

AgendaApril 29, 2010 Let’s finish looking at Credit Cards & Interest. Let’s study investing ◦ Compounding Interest ◦ Balancing the Books Complete Guidebook page 81 and Workbook pages with a partner. Finish early & either need or want extra credit…write & turn in a list of the specific requirements you need to meet to graduate from high school & apply to college.

Objectives Students Shall; Examine the advantages and disadvantages of using credit cards. Understand the fundamentals of investing. Practice budgeting their monthly income.

AgendaApril 30, 2010 Quick-writes, from quotes that your peers wrote. Add to your notebook, “Qualities that employers look for.” Also add to your notebook, the average starting salaries for popular careers. Guidebook page 81 and Workbook pages with a partner. Extra Credit, write & turn in a list of the specific requirements you need to meet to graduate from high school & apply to college.

Objectives Students Shall; Write a reaction to their peers advice for handling money. Examine qualities that are essential in the job market. Learn how much an average starting salary several popular careers.

Quick-write, Your Quotes 1. “Think of what you need, not of what you want.” – Melissa Figueroa 2. “Just because you want it doesn’t mean you need it, & just because you need it doesn’t mean you always want it.” – Sabrina Bishop 3. “Money is a privilege, not a reward, it is powerful, but it is your responsibility to protect. – Erik Rosales 4. “Our future will be determined by what we do today, & how hard we work from now on.” – Juan Rivera

Qualities that employers look for Work ethic, are you willing to work hard? Punctual, can you be on time? Meet your deadlines, so get your work done on time. Time management Are you trustworthy? Are you a team player? Can you inspire your co-workers to try harder? Articlebase.com

Remember education, qualifications, and experience help determine your starting salary. Popular Careers from this class Average starting salary after taxes Aerospace Engineer Architect Chef Elementary School Teachers Farmers & Ranchers Lawyers Police Officers Secondary School $51, $49, $25, $31, $26, $82, $31, $33,213.75

Extra Credit High School Graduation requirements How many units do you need to complete? How many units or years do you need to complete in each subject? What is the minimum g.p.a. you need? How many hours of community service do you need? What about attendance? You need to be present for what % of the year? Applying for college What g.p.a. do you need to apply to a 4 year college? How years of each subject do you need to complete so you can apply? Would a grade of ‘D’ count when you apply for college? What are 4 universities that are 2 hours away from AHS?