5 minute read
Session 5: Post-Assessment and Financial Plan Presentations
SESSION 4: Financial Planning for Janella (Part Three)
OBJECTIVE
Students will be able to create a money management budget, continue to examine paycheck deductions, and learn the importance • Compound Interest
of savings.
SESSION PLAN
Take weekly attendance
Take weekly attendance via Survey Monkey as students enter the classroom. Welcome the students and make sure any new volunteers introduce themselves. (2 minutes)
Review learning objectives and key terms
Briefly go over the learning objectives and key terms in
the student workbook. Have the students read these out loud. For the key terms that are difficult to understand, explain these in more detail to students and provide examples if possible. (5 minutes)
Pull up Yahoo! Finance
If accessible, use classroom technology to pull up Yahoo! Finance and display on a screen. If not, print this out ahead students pull up their Yahoo! Finance portfolios on their phones. Review the portfolio performance (AMZN, CLX, NFLX, and IBB) over the past week. (5 minutes)
KEY TERMS FOR SESSION 4
• Investment Risk Tolerance
• Mutual Fund
• Venture Capital • Inflation • Interest
of time showing AMZN, NFLX, CLX, and IBB or have
Have the classroom’s wifi
network name and password
on the board before class begins
Survey Monkey attendance link can be found at: surveymonkey.com/
4.
Continue working on Janella’s Budget
Have students meet in their groups to revisit Janella’s budget. Turn and Talk: Ask them to consider if they met all of Janella’s goals, and whether or not they helped her save and/or invest. (5-7 minutes)
What is Risk Tolerance, and Why Is It important?
Direct the groups to the article “What Is Risk Tolerance, and Why Is It Important?” and review the Napkin Finance “Risk vs. Reward” (10-15 minutes)
Make Final Adjustments to Janella’s Budget
With the time remaining, direct groups to make final adjustments to Janella’s budget while completing the following questions and activities found on “Janella’s Budget Review” in the Student Workbook.
• What was most difficult in making choices regarding Janella’s budget? • If Janella is saving and/or investing, what type of account or investment would the group recommend for her to save money? To invest? Why? As a group, go online and take The Motley Fool’s Risk Tolerance Quiz for Janella and review the results with your group’s recommendations. Find the quiz (dated May 21, 2017) via Google search for “motley fool risk tolerance quiz”. • Consider the article “Investments for Beginners”
•Based on the group’s recommendation, how much will Janella have saved or invested, and by when? Have students turn to the article “What Compound Interest Means for Your Savings” in the Student Workbook to help them calculate Janella’s future balance. (20 minutes)
Prepare to present their financial plans
Give the students a 2-minute warning to finish their deliberations and calculations and prepare to present their financial plans to the large group next week. (2 minutes)
AFTER SESSION 4: Important Activities Before Session 5
Before dismissing the class, make sure to ask them to spend time on the following activity over the coming week, before they return for Session 5.
1. If there were any articles or aspects of Session 4 you need to finish please do so before Session 5.
2. Thoroughly review and get to know the key terms. Remember, We want you to remember this for life and we will also be taking a post-assessment in Session 5 to see how much you’ve earned!
3. Spend some time engaging with RTSWS on our social media platforms
SESSION 5: Post-Assessment and Financial Plan Presentations
OBJECTIVE
you have the following: Students will complete their Post-assessment, present their
Workbook
begins budgets for Janella, and discuss careers in finance in anticipation of the upcoming field trip
SESSION PLAN
Take weekly attendance
enter the classroom. Welcome the students and make sure any new volunteers introduce themselves. (2 minutes)
Before you begin, please be sure
Sufficent copies of the Post
Assessment and Student
Have the classroom’s wifi
network name and password
on the board before class Take weekly attendance via Survey Monkey as students
Survey Monkey attendance link can be found at: surveymonkey.com/
Pull up Yahoo! Finance
Briefly go over the learning objectives and recommended resources for your future in the
student workbook. Have the students read these out loud. (3-5 minutes)
4.
Administer the Post-Assessment of basic financial terms
By now, the students should have received a text message with a link to the Post-Assessment. Please also write the link on the board so students can type this in their phone if they don’t receive the text. Hand a paper copy of the Post-assessment to any girls without a smartphone. Ask them to begin the test and tell them they have 10 minutes to complete it. Announce when there are 5 minutes and 1 minute remaining. Make sure those taking the test on their
phones press the “Submit” button at the end of the test when time is up.
Collect the completed paper copies of the Post-Assessment, making sure each student filled out her name, school and the date clearly. As soon as possible after class, please scan the paper tests and email them to your RTSWS Program Coordinator. (12 minutes total)
Have students write their budgets on the board
As soon as the students have completed the Post-Assessment, have two team members from each group write out their budgets on the board, while one of the volunteers starts reviewing the Yahoo! Finance stock portfolio. (These will be the groups who will start the presentations once you are finished reviewing the stock portfolio)
RTSWS Program Coordinator email:
Pull up Yahoo! Finance
If accessible, use classroom technology to pull up Yahoo! Finance and display on a screen. If not, print this out ahead of time showing AMZN, NFLX, CLX, and IBB or have students pull up their Yahoo Finance portfolios on their phones. Review the portfolio performance (AMZN, CLX NFLX, and IBB) over the past week. (5 minutes)
Ask each group to share their budget and recommended vehicles for saving and investing, and explain their reasoning for any major issues that diverge from what Janella asked for. Encourage students of other groups to ask questions or give comments. Give feedback to the teams about their budgets and explain who got the account and why. Have a discussion about how this can be helpful for anyone wanting to make a monthly budget. (5-7 minutes per group)
Remind students of the upcoming Wall Street Experience field trip. We will be sending an email and text with the information you should read out to students about the field trip including the date, time, and tasks to complete in order to attend. If they have additional question tell them to reach out to their school champions or reply to a RTSWS email or text. (5 minutes)
Please remember to take a few photos of the students and / or volunteers during the sessions and send to:
pictures@rockthestreetwallstreet.com
