1. Section 2 The Basic Elements of Personal Finance

2. Personal Finance IQ Quiz! What do you know about personal finance?

3. Financial Insecurity in America Why is there so much financial insecurity in America? Is it because our income is so low?

4. Not Really!

5. Consumption per person has also been growing!

6. More Consuming + Less Saving = More Debt

7. Debt Per Household

8. Who needs money when we have credit!

9. Interest on household debt as a percentage of income

10. Planning for Financial Success! The bad news: Failure to save regularly, conserve wisely, invest strategically, and use credit cards prudently is the major cause of financial insecurity in America The good news: Every one of these things is fixable!

11. The importance of financial security Financial security leads to: Less conflict in marriage Better health Retirement A greater ability to achieve personal goals

12. Why Teach Personal Finance in Middle School? The decisions of today have consequences that lie in the future! Our middle school students will some day be our teachers, janitors, health care providers, police officers, lawyers, and elected officials. Empower them now to build wealth and prosper in the future!

13. Three Valuable Resources 1.Common Sense Economics (2010) 2.Learning, Earning and Investing (2004) 3.Gen i Revolution (web based)

14. Common Sense Economics Beginning on page 145 are the 12 Key Elements of practical personal finance that can help one establish and build wealth!

15. Common Sense Economics - Activities Classroom activities that go along with these elements of practical personal finance: 1. The power of compounding: putting your money to work for you http://www.moneychimp.com/calculator/compound_interest _calculator.htm 2. How much does it cost to raise a child http://www.babycenter.com/cost-of-raising-child-calculator 3. Budgeting For Life http://commonsenseeconomics.com/instructor- resources/supplementals/

16. Theo gets a Budgeting Lesson from Bill Cosby

17. Learning, Earning, and Investing… and the GEN i revolution! You received a copy of the book Learning, Earning, and Investing which also contains lesson plans on sound personal finance practices… …. There is also an accompanying video game that your students can play!

22. As a Teacher/Administrator Plug into your students’ fascination with the media Possibly make learning economics fun Excite students about using some of their recreational time to play the game It is easy to get started.

26. As a Student Learning economics is fun and exciting. Join your classmates and complete missions to help you and others build wealth and prosper Remember, the decisions of today have consequences that lie in the future. Plan your future.

30. Advice Each mission has self-contained points and scoring. Student scores are only kept within missions, not across missions. Advise students to keep a calculator and notepad handy. Testers reported that the 4-1-1 tutorials take up the most time as students play the game, but also provide the most information. By going straight to the Battle questions, since students forgo opportunities to earn points and they have a lower chance of answering questions correctly. Advise students to work with others in a team setting.

31. End of Section 2…. Enjoy Your Break? Thank You!