2/28/20 - Day 37 - The Bean Game

Bellwork:

Wrap-up the Budgeting for Income & Expenses Mint Simulation from yesterday

• Don't forget about the reflections questions on the last page

Objectives:

• Identify different considerations for budgeting
• Analyze a specific budget to make decisions

Agenda:

1. The Bean Game
2. EveryDollar.com check-in
• Show me your set-up budgets in EveryDollar!

2/27/20 - Day 36 - Mint Simulation: Budgeting for Income & Expenses

Bellwork:

Log in to your Mint account

• THESE were the instructions you had to follow to set-up the account (it includes the suggested password).  Remember, you MUST be on the same device you were on when you set-up the account or you WILL NOT be able to access it and will have to set-up a new account.

Objectives:

• Identify different considerations for budgeting
• Analyze a specific budget to make recommendations

Agenda:

1. Budgeting for Income & Expenses: Mint Simulation
• You will get a packet from the sub
• Hold on to these packets until I am back tomorrow
• Follow ALL instructions listed to work through analyzing Scott's budget

2/26/20 - Day 35 - Revising a Budget

Bellwork:

I am out again today,please take a moment to complete the items on the agenda below. 

Objectives:

• Revise a budget based on different priorities

Today's Agenda:

1. Revising a Budget (paper copy)
• Where do you revise?
2. Revise Budget Busters

2/25/20 - Day 34 - Setting Up a Budget

Bellwork:

I am not here today. Please follow the agenda below.

Objectives:

• Set up a budget given a specific financial situation so that the income equation balances

Agenda:

1. Setting Up A Budget (paper copy given in class)
• Class discussion- why is it important to set up a budget?
2. Budget Busters - check yourself!

2/24/20 - Day 33 - Budgeting Equation

Bellwork:

What was the tax scenario that Victor talked about in the last episode of Life or Debt?

Objectives:

• Label the different components of a budget
• Describe the process of setting up a budget

Agenda:

1. Spending Plans 
• The Budget Equation
2. Family budget categories
• 50-30-20 Rule
3. Budget Tools- Which one would YOU pick? Why?
• Continue building your planned budget in EveryDollar.com

2/21/20 - Day 32 - Life or Debt

Bellwork:


Reminder, we are on an alternate schedule today 3A/3B, we leave 1st at 8:15am.

Objectives:

• Evaluate financial decisions of others
• Learn financial management techniques

Agenda:

1. Life of Debt

2/20/20 - Day 31 - Budgeting

Bellwork:

Take out your Mint packet from yesterday. 

Objectives:

• Explore online financial management tools

Agenda:

1. Review of Mint - Scott
2. Slides: Budgeting Intro 
3. Expenses Sort
4. Track Your Expenses

2/19/20 - Day 30 - Budgeting

Bellwork:

Take out your Mint packet from yesterday. 

Objectives:

• Explore online financial management tools

Agenda:

1. Review of Mint - Scott
2. Slides: Budgeting Intro 
3. Expenses Sort
4. Track Your Expenses

2/18/20 - Day 29 - Intro to Budgeting

Bellwork:

Follow THIS Step-by-Step guide to set up an account in Mint

• In order to access this account again, it MUST be done on the same device, so DO NOT USE A LOANER

Objectives:

• Explore online financial management tools

Agenda:

1. Why budget? Who budgets?
2. Introduction to Mint
• Peer Grading

2/14/20 - Day 28 - Tax Quiz

Bellwork:

Check out your review guide, what questions do you have?

Objectives:

• Test your tax knowledge

Agenda:

1. Tax Quiz - Schoology
2. Missing work/quizzes

2/13/20 - Day 27 - Quiz Review

Bellwork:

Open your review guide.

Objectives:

• Review the forms needed for taxes.

Agenda:

1. Review of Tax Forms (who completes them and when?)
• W-4
• W-2
• 1099-INT
• 1040
2. Finish Tax Unit Review Guide
3. Tax Quiz - TOMORROW
4. Earned Income Tax Credit - article

2/12/20 - Day 26 - Submitting Taxes

Bellwork:

I am not here today, please follow the agenda below!

Objectives:

• Explain the items that affect a person's tax refund

Agenda:

1. Finish Working with 1040s - Assignment
• Submit in Schoology
2. Begin Tax Unit Review Guide
3. Tax Quiz - FRIDAY

2/11/20 - Day 25 - Submitting Taxes

Bellwork:

Make a copy of this practice form

Objectives:

• Identify the purpose of filling out a 1040 form
• Explain the items that affect a person's tax refund

Agenda:

1. Form W-2 Check for Understanding - Reading a W-2 Form
2. Working with 1040s
• Practice
• Assignment
3. Tax Quiz - FRIDAY

2/10/20 - Day 24 - Filing Taxes

Bellwork:

Browse through these websites- what is the shared purpose for these sites?

• TaxAct
• TurboTax
• H&R Block
• Free File Online- IRS

Objectives:

• Identify items they need to prepare their tax return
• Explain the different ways they can file their taxes
• Understand the purpose of a W-2 form and how to use it to file their taxes
• Explain how to make a tax payment if taxes are owed

Today's Agenda:

1. Ways to File Your Taxes
• Pros & Cons
2. Form W-2
• Class Jigsaw- example
• Reading a W-2 Form

2/7/20 - Day 23 - Life or Debt

Bellwork:


Please check Home Access, complete any missing work. If you have not already taken the Smart Consumer quiz, please be ready to go.

Objectives:

• Evaluate financial decisions of others
• Learn financial management techniques

Agenda:

1. Life of Debt

2/6/20 - Day 22 - Tax Forms

Bellwork:

Take a look at this graph and be ready to discuss what you see!

Objectives:

• Identify important dates of the tax cycle
• Understand the difference between common tax forms
• Explain the purpose of a W-4 and how it impacts their paycheck
• Analyze and understand the fine print of a sample W-4

Today's Agenda:

1. Tax Forms Research (paper copy)
2. W-4 Form
• What is it?
• Reading a W-4

2/5/20 - Day 21 - Ask the Expert Day

Bellwork:

Please find your seat, we will head to the auditorium shortly.

Objectives:

• Learn from professionals.

Agenda:

1. Ask the Expert Day - Speaking Panel (Auditorium)

2/4/20 - Day 20 - Taxes & Teens

Bellwork:

Analyze this graph, using the questions at the bottom to guide your thinking (don't make a copy- we'll just discuss)

• Be ready to discuss your findings

Objectives:

• Explain why so few teenagers file taxes
• Identify common misconceptions about taxes and state the correct facts
• Identify what types of income are taxed
• Analyze a number of scenarios to determine who can be claimed as a dependent and if they need to file a tax return

Agenda:

1. Tax Facts
• Updated Figures
• How Much Do You Know?
• Class discussion
2. Filing Considerations
• Should They File a Tax Return?
• Tax Issues as Dependents and Self-Employed Workers (paper copy in class)

2/3/20 - Day 19 - Intro to Taxes

Bellwork:

1. Go to EdPuzzle using THIS link, you will need this for the next few unites. 
2. What do you think were the top 3 expenses the government paid for with our tax dollars in 2018?  Be ready to discuss!

Objectives:

• Explain where income taxes are collected from and how they provide revenue for public expenses
• Read a pay stub and describe the different deductions

Agenda:

1. Tax Dollars- where do they go?
• Interactive calculator
2. If Paychecks Could Talk
• What does FICA consist of?
• What are some examples of government discretionary spending?
• What are some examples of benefits we receive as a result of government spending?
3. How to Read a Paystub
• Check for Understanding