Curriculum Overview Page| 917
SESSION 2: Financial Planning for Janella (Part One)
• Explore the concept of budgeting and learn the differences among Fixed Expenses, Variable Expenses, and Occasional (or Periodic) Expenses, which are the key terms for this session.
• Understand how to read a pay stub (i.e. earnings statement) and become familiar with the various types of deductions that typically factor into an employee’s amount of take-home pay.
• Apply your newfound knowledge to create a budget for Janella Sims, a fictional 28-year-old woman for whom your group will provide financial planning services.
SESSION 3: Financial Planning for Janella (Part Two)
• Work with your group to finalize your recommendations for Janella’s budget.
• Understand the key terms relating to the concepts of banking, loans, investing, and volatility.
• Discuss the effects covid-19 had on the capital markets and what personal finance lessons can be learned from this financial crisis.
SESSION 4: Financial Planning for Janella (Part Three) • Evaluate group budgets for Janella, including how fully their plans might help her reach each of her
financial goals.
• Learn important concepts relevant to saving and investing, including “risk vs. reward” and the power of compound interest. Explore some of the best ways to save and invest. In the process, students should learn these related key terms: Investment Risk Tolerance, Mutual Fund, Exchange Traded Fund (ETF) and Venture Capital.
SESSION 5: Post-Assessment and Financial Plan Presentations
• Complete the RTSWS post-assessment to help us evaluate the impact of our program and see how much students have learned in Sessions 1 through 4.
• Present your group’s completed financial plan for Janella to the entire class.
• In anticipation of the upcoming field trip, explore and discuss possible future career paths in the world of finance and the strengths the students could bring to the industry as women.
A field trip to a local financial services firm will also be scheduled during the coming weeks. There will be a tour of the facilities and introduction to personnel, followed by a panel discussion with three or more leading females from the firm.
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