Course Description & Class Expectation

Pre-Test

September 1

Make a best-guess budget for yourself for a one month period. Use the example on page 82 for a reference. You will compare this budget to your income and expenses for one month.

September 2

Financial Planning
and Legal Documents
Read Ch 5 p 79-92 - Complete case problem 3 & 4

Homework: Prices and deposits of three like-size apartments in 1. Portland, 2. Bend, 3. any college town + document your sources. Due Tomorrow.
You might want to use the following resources:

oregonlive.com
bendbulletin.com
rent.com

4

Watch Fundamental Economic Concepts video

5

Labor Day

6

Begin Income/Expense Sheets

Review Ch 5 - Financial Planning and Legal Documents

• Budget
• Personal Property Inv
• Tax Records
• Statement of Net Worth
• Contracts

Income/Expense Sheets

Begin Real World WebQuest

Grade Scale:
-Budget 10 Points
-Explanation of Budget - 5
-Job 5
-Home 5
Summary 5

Excel Turorial using budget.xls
Formatting, merge and center, changing width, adding columns, creating formulas, relative and absolute values, creating charts, formatting charts.

8

Income/Expense Sheets

Excel - graphing and text boxes

Continue Real World WebQuest

Grade Scale:
-Budget 10 Points
-Explanation of Budget - 5
-Job 5
-Home 5
Summary 5

9

Income/Expense Sheets

Continue Real World WebQuest . This is the last day to work on this project. Due at the beginning of class on Friday.

The entire work needs to be completed on one Excel file.

Quiz over Ch 5 - Financial Planning and Legal Documents and discussion.

12

Income/Expense Sheets

Determining food costs assignment. Must be completed by field trip to Rays Food Place (That's Tuesday by the way).

Continue Real World WebQuest

13

Income/Expense Sheets

Field trip to Rays Food Place.

14

Income/Expense Sheets

Turn in food cost assingment.

Turn in 1-month budget guesstimate and statement of net worth (Excel Sheet).

Continue Real World WebQuest The entire work needs to be completed on one Excel file.

15

Continue Real World WebQuest The entire work needs to be completed on one Excel file.

16

19

Income/Expense Sheets

Understanding Housing - Read Ch 19 in text pg 335-350 -Answer items for discussion 1-10 and Applications #2. Turn into basket when done. This is due today.

Make a list of three questions you have about renting.

Discussion on Oregon Tenant Rights.

20

Income/Expense Sheets

Housing - Discussion of the rental process -

Partner up with a classmate and open up the Oregon Tenant Rights document. Summarize three laws that you think should be changed and state why you think those changes should be made. The three laws that you are writing about must come from different sections of tenant rights.

Test Review Sheet

Lease agreement worksheet & Rental agreement worksheet - read and answer questions.

Income/Expense Sheets

Jeopardy

23

Did you miss The OC? - see what you missed.

Income/Expense Sheets

Housing and Financial Planning Exam

Look up the following Consumer Protection Acts: Truth in Lending Act, Fair Credit Billing Act, Equal Credit Opportunity Act, Fair Debt Collection Practices Act, and Fair Credit Reporting Act on the Internet. Try to use a site that does not use legal jargon. You make have to look at several different sites to find one that is easy to read.

Describe what the act does and give an example of when and how a consumer should utilize the act. Also, explain why you think we need this act. This is to be hand-written! No Exceptions.

26

Correct Tests

Turn in Consumer Protection Acts

27

Continue with review of Consumer Protection Acts

1. TILA
2. FCRA
3. FDCPA
4. ECOA
5. FCBA

28

N.E.F.E Student Guide pg 59-70. Go over together as a class.

How variables affect a loan. Complete problems a, b, c on pg 66 (fig 5.2) in NEFE handbook.

Amortization Schedule. What is it? How do extra payments each month affect the life of a loan? Use http://www.hsh.com/calc-amort.html

Review Consumer Protection Acts

29

N.E.F.E Student Guide pg 59-70. Go over together as a class.

How variables affect a loan. Complete problems a, b, c on pg 66 (fig 5.2) in NEFE handbook.

30

Complete and turn in Finding the best credit card for you worksheet. use bankrate.com.

Continue N.E.F.E Student Guide pg 59-70. Go over together as a class.

Disputing a bill from a creditor. Read scenario and write your own letter. Use personal business style letter format. What is the personal business letter format? Click here.

Pop Quiz - 3 simple interest problems.

Types of Credit- Revolving, Single Payment, and Installment

Bankruptcy: Chapter 7 & Chapter 13

Discussion on understanding credit cards. Outline.

How credit card companies determine your payments and how paying minimum amounts will take a very long time.

How to compare the cost of credit when variables are different. Show example. Begin handout Lets Break Down a Deal. May work in pairs

Begin auto financing. Use autotrader.com to find and determine the true cost of buying a car on credit.

For the first car you look up make sure it is a car that you would be able to buy within the next couple of years. For the second car, you may choose whatever vehicle you want - maybe your dream car.

Use the loan calculator on the autotrader website to find your monthly payment. Determine hwo much you paid for the car by multiplying your payments by your payment amount. Next subtract the amount you borrowed for the car from the total you paid for the car to determine the finance charge.