Session 4: Financial Planning for Janella (Part Three

SESSION 3: Financial Planning for Janella (Part Two)

OBJECTIVE

Students will be able to create a money management budget, continue to examine paycheck deductions, and learn the importance of savings.

SESSION PLAN

Take weekly attendance

• Checking Account • Bond Take weekly attendance via Survey Monkey as students

• Mortgage 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 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,

KEY TERMS FOR SESSION 3

• Savings Account

• Loan

• Debt

NFLX, and IBB) over the past week. (5 minutes) • Stock Market Volatility

Before you begin, please be sure you have the following:

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 the students reconvene in their groups from Session 2 and continue working on Janella’s budget. Point out the types of assets listed in this session’s Key Terms for the students to consider as they make recommendations for “Janella’s budget.” Circulate the room to monitor progress and answer questions that may arise. (20-25 minutes)

Finalize their budget discussions and notes

Give students a 2-minute warning to finalize their budget discussions and notes for today. Circulate the room checking to make sure all groups have made progress on their budget wor sheets. As a large group, point out that what the students have just done —financial planning — is one of the many career opportunities in the world of finance. (2-3 minutes)

Economic Lessons of COVID-19

Have students turn to the Economic Lessons of COVID-19 Activity in their workbook. Start with a discussion asking students, what is COVID-19 or coronavirus? What effects did this have o the economy? If you are comfortable sharing, how did this affect your family?

Then explain what volatility means, how COVID-19 affected the capital markets, and the personal financial lessons to take away from this financial crisis. If there is extra time you can have students read the two articles, related to COVD-19, out loud as a whole group or in groups. (15 minutes)

AFTER SESSION 3: Important Activities Before Session 4

Before dismissing the class, make sure to ask them to spend time on the following activities over the coming week, before they return for Session 4.

1. If there were any articles or aspects of Session 3 you need to finish please do so before Session 4.

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

For visual reference of Key Terms in student workbook, please go to: www.rockthestreetwallstreet.com/green-reference/