1. Reflection # 20 “You can always make more money, but you can’t make more time.” What does this mean to you? Explain… Bell Quiz Day 6 Stock Market

2. Class Assignment 2: Managing a Checking Account Using your checks and deposit slips (page 13-15), make the following banking transactions and record them on the check register (page 15) in order. Today fill out: 17. February 21- write #111 to TV Connect for your cable bill for $52.67,, account #4658712. 18. February 21- write check #112 to Trusty Bank Credit for your credit card bill of $30.00, account number CO5852369.

3. Ways to save and invest poster

4. Would you rather… Have a million dollars today, or a penny that doubles everyday for thirty days? I hope you chose the penny!

5. Risk, Return, and Liquidity Risk  the chance that the value of an investment will decrease. Return  The profit or yield from an investment. Liquidity  The ability of an investment to be converted into cash quickly without loss of value. The higher the risk the higher the return. WaterIceEmpty

6. How does it relate to saving and investing? SAVINGS Low risk Low return High liquidity INVESTMENTS High return Low liquidity High risk

7. Inflation inflation is a rise in the general level of prices of goods and services in an economy over a period of time.

8. How does INFLATION affect you? Today, a large soft drink at your favorite fast-food place costs $1.00. You buy the soft drink but also decide to save some money for the future as well. So you put a dollar in your savings account, where it earns 5%.

9. One year later, the dollar in your saving account is worth $1.05. You take the money out and visit your favorite convenience store, hoping to buy another delicious beverage. Unfortunately, drinks now cost $1.10.

10. What’s the point? Inflation can work against your money. You need to learn to invest, follow the rate of inflation, and make sure your investment rates are higher than those of inflation. Break into groups for the cost of today activity.

11. What would it cost today? Read the handout. Find the historic cost for your item. Write it down on your study guide, page 10. Look in the ads to find the cost for your item today. Write it down. Use the inflation calculator to find the buying power of today. Write it down. Add your conclusion. Share your information with the class.

12. You can either book a computer lab for the last half of the class or print out the information for them to look at and do the math and calculation together. The calculator is on http://www.bls.gov/data/inflation_calculat or.htm

13. Work on… Word Search Play savings bingo