FIN 1050 |
1st Term (2011-2012 School Year) 1st Period
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1stTerm | Study Guide ("Broadcasting" tab) | Media Release Form | Digital Media Contract
Monday, October 17, 2011
Use the class time to read Ch. 6 on using credit cards and unsecured credit. Use the Four Square Informational Reading Notetaking Method as you read and be ready for discussion next week
Thursday, October 13, 2011
Today we are going to research the different cash management offerings that banks can offer us. Please do the Cash Management Accounts Research assignment which is due on Monday, October 17, 2011.
Tuesday, October 11, 2011
This week we will start our Stock Tracking Assignment. This is where we will follow $50,000 worth of stocks for a 10-week period and then write about our findings afterward. You will use a spreadsheet to track you stocks (see the assignment sheet for a link to the spreadsheet). Starting with this week, you should be able to complete your tracking by December 15, 2011 (just before our Winter Recess) and then turn in your analysis after we return to school on Thursday, January 5, 2012.
Friday, October. 7, 2011
You should have been reading Ch. 12 to get familiar with stocks. Today I did a simple demonstration on what it means to issue stocks, purchase stocks, sell stocks, etc. I explained what dividends are and other ways to make money on stocks. And I explained why a company may issue stocks (get money for expansion).
Wednesday, October 5, 2011
First thing you need to do is take this online test. You may use your notes, a calculator (handheld or online), and the textbook if you choose (only on this first test). Take your time and do well since there will be no opportunities for a retake (because I'm allowing notes and the textbook to be used, duh). When you are done, shut the computer down and start reading Ch. 12 using the Four Square Notetaking Method.
Tues., Sept. 27 through Mon., Oct. 3, 2011
This week we discussed Ch. 5 in class. Hopefully you took notes to during the lecture to supplement your reading notes. Remember, Four Square Notes are for reading comprehension, they should not be used exclusively. You should still take notes during lectures and discussions. I also warned you about an upcoming test.
Friday, September 23, 2011
Use the class time to read Ch. 5. Use the Four Square Informational Reading Notetaking Method as you read and be ready for discussion next week.
Mon., Sept. 19 through Wed., Sept. 21, 2011
Discussion continues on on Ch. 3 and the Time Value of Money. However, now I want you to put it into practice. Teach me what you know TVM by completing the problems 1, 3, 5, 9, and 12 on pg. 85 from the textbook. Go ahead and work with others in the class. This is not an assignment to turn in, but something you will present in class on Tuesday, September 27, 2011.
Tues., Sept. 13 through Thurs., Sept. 15, 2011
Discussion continues on Ch. 3 regarding the Time Value of Money (TVM). Today we discussed what was written on our Four-Square notes. We discussed PV (Present Value) and FV (Future Value), the Rule of 72, Compounded Annual Rate of Return, Compound Interest, and Amortization. Most of these terms were briefly discussed as we will go into more depth when we his the credit chapters. Here are some links to help you:
Tues., Sept. 13 through Thurs., Sept. 15, 2011
This week, through a series of lectures and reading of Ch. 3 in the textbook, I have been introducing you to the concept of TVM: Time Value of Money. I started out talking about how inflation (actually moderate inflation) is not only a good thing but necessary. Then we moved on to compounding of interest. You should read all of Ch. 3 (using the Four Square Informational Reading Analysis note-taking method) and become very well acquainted with it. This chapter contains concepts that we'll use throughout the rest of this course and that become paramount the rest or your life in order for you to understand and manage your finances.
Friday, September 9, 2011
After a discussion in class regarding Balance Sheets, Income Statements, assets, liabilities, investments, etc., I gave you the My Financial Statements assignment where I handed out the Personal Balance Sheet and the Simplified Income Statement and explained in class how to fill these out. You can download these forms online from the assignment sheet. This assignment is due by the beginning of class on Tuesday, September 13, 2011.
Wednesday, September 7, 2011
I introduced the Balance Sheet and the Income Statement in class lecture today. Read Ch. 2 on Measuring Your Financial Health and Making a Plan (pgs. 28-52) in the textbook using the Four Square Informational Reading Analysis note-taking method. Then be ready to participate in a class discussion on the chapter.
Friday, September 2, 2011
We'll review the Personal Financial Lifecycle and then we'll take a look at our goals. For effective financial planning purposes, it's always a good idea to set goals as a target. Our wishes, plans, ideas, and life circumstances may change throughout our life and we may need to reevaluate those goals at some point. Then, after we have our goals in mind, we need to know our resources. We'll start by tracking what our current spending is. Not just the money we spend, since high school students rarely spend money that hasn't been handed to them, but what it actually costs to be us. We need to know the cost to exist. For that purpose, you'll spend the next two weeks tracking all money spent by you or by someone else in your behalf in the Daily Spending Journal. I'll hand out a hard copy to you in class, or click this link to get your own copy. This assignment is due on Wednesday, September 21, 2011.
Wednesday, August 31, 2011
Multiple topics covered today in class. First, we dealt with a bit of psychology and learned about Maslow's Hierarchy of Needs to liven things up and expand understanding on our behaviors. Behaviors, after all, are directly related to our spending and other financial decisions.
Then we discussed the Personal Financial Lifecycle in class. This is where we look at how our financial needs, obligations, and goals change over the course of our lives. I pressed upon the point that the need to understand this is necessary in order to be prepared for the natural course our your lives (education, family, kids, aging, etc.). I followed this up with an assignment: Plot your family tree along the Personal Financial Lifecycle curve. This assignment is due in class on Friday, September 2, 2011.
Monday, August 29, 2011
Continue reading Ch. 1 in the textbook I introduced to you last Thursday using the Four Square Informational Reading Analysis note-taking method as described in class. Be prepared to share your findings in the second half of class today.
Thursday, August 25, 2011
After a discussion on the Four Square Informational Reading Analysis note-taking method, we started reading Ch. 1 in the textbook Personal Finance, Turning Money Into Wealth (ISBN-13: 978-0-607062-7). You should take Four-Square Notes while reading the chapter and be prepared for discussion in class where you will be asked to share what you discovered.
Tuesday, August 23, 2011
Welcome to the first day of class. Today you will receive my disclosure, which is due back to me next time we meet or you will not have access to the computers. And you will forfeit points since this is your first assignment. I will discuss what my expectations are and what the rules in my classroom will be this year. Your disclosure is due back to me signed by you and a parent/guardian by Thursday, August 25, 2011.
You will check out a textbook using the textbook checkout form that I provide. As you will discover in class, you are already a chapter behind if you haven't arrived in class with Ch. 1 read and notes taken. Welcome to college. Don't panic, I'll explain further in class.
An integral part of personal finance is having a good understanding of where you came from and who you are. This may identify what sort of financial decisions you will make and what sort of financial planning you will have to undertake. Today's exercise is called "What's YOUR Story?" This is where you write about an event or defining moment in your life that tells something about you. This is not an autobiography, we don't have time to hear about your whole life. We just want a story that tells something about you. Your story should be written in Microsoft Word, OpenOffice, or some other word processor. It should be at least one page single spaced and be emailed to trathke at gmail dot com by the beginning of class on Thursday, August 25, 2011. |
