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Microsoft Word - mathnatperfin011604.docmathnatperfin011604.pdf
all charges to borrow money, including interest) and the annual percentage rate or APR (i.e., the percentage cost of credit on a yearly basis) must be displayed prominently on forms and statements used by creditors. The law provides criminal penalties for...
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all charges to borrow money, including interest) and the annual percentage rate or APR (i.e., the percentage cost of credit on a yearly basis) must be displayed prominently on forms and statements used by creditors. The law provides criminal penalties for willful violators, as well as civil remedies. It also protects you against unauthorized use of your credit card. If it is lost or stolen, the maximum amount you have to pay is $50. Fair Credit and Charge Card Disclosure Act (1989) A part of the
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alternatives. 2. Information about goods and services comes from many sources. 3. Every spending decision has an opportunity cost. 4. People pay <span class="highlight">for</span> goods and services in different ways. 5. Credit is a basic financial tool. 6. Borrowing money to buy something usually costs more than paying <span class="highlight">cash</span> because there is a fee <span class="highlight">for</span> credit. 7. Responsible borrowers repay as promised, showing that they are worthy <span class="highlight">of</span> getting credit in <span class="highlight">the</span> future. Fourth Grade Application Examples Students could <span class="highlight">use</span> this knowledge to: 1
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http://www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&forcedownload=true#page=5
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National Standards in Personal Finance © 2002 by JumpStart Coalition <span class="highlight">for</span> Personal Financial Literacy Page 5 <span class="highlight">of</span> 18 1/16/04 Eighth Grade Application Examples Students could <span class="highlight">use</span> this knowledge to: 1. Describe <span class="highlight">the</span> advantages and disadvantages <span class="highlight">of</span> spending now rather than saving <span class="highlight">for</span> a future goal. 2. Give examples <span class="highlight">of</span> how saving money can improve financial well-being. 3. Demonstrate skill in basic financial tasks such as paying bills <span class="highlight">on</span> time, balancing a checkbook, keeping financial records, and
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http://www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&forcedownload=true#page=10
www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&...
GLOSSARY <span class="highlight">OF</span> TERMS Average Annual Return <span class="highlight">The</span> rate <span class="highlight">of</span> return <span class="highlight">on</span> investments averaged over a specific period <span class="highlight">of</span> time (e.g., <span class="highlight">the</span> last 20 years). It is determined by adding together <span class="highlight">the</span> rates <span class="highlight">of</span> return <span class="highlight">for</span> each year and dividing by <span class="highlight">the</span> number <span class="highlight">of</span> years in <span class="highlight">the</span> calculation. Asset An asset is anything that is owned by an individual. With respect to saving and investing, assets are generally categorized as liquid (<span class="highlight">cash</span>) assets and capital (investment) assets. Banks Corporations chartered by state or federal
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http://www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&forcedownload=true#page=12
www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&...
all charges to borrow money, including interest) and <span class="highlight">the</span> annual percentage rate or APR (i.e., <span class="highlight">the</span> percentage cost <span class="highlight">of</span> credit <span class="highlight">on</span> a yearly basis) must be displayed prominently <span class="highlight">on</span> forms and statements used by creditors. <span class="highlight">The</span> law provides criminal penalties <span class="highlight">for</span> willful violators, as well as civil remedies. It also protects you against unauthorized <span class="highlight">use</span> <span class="highlight">of</span> your credit card. If it is lost or stolen, <span class="highlight">the</span> maximum amount you have to pay is $50. Fair Credit and Charge Card Disclosure Act (1989) A part <span class="highlight">of</span> <span class="highlight">the</span>
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http://www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&forcedownload=true#page=15
www.ksde.org/LinkClick.aspx?fileticket=WJJzUaKBxqI%3d&tabid=141&mid=8017&...
National Standards in Personal Finance © 2002 by JumpStart Coalition <span class="highlight">for</span> Personal Financial Literacy Page 15 <span class="highlight">of</span> 18 1/16/04 <span class="highlight">The</span> quality <span class="highlight">of</span> an asset that permits it to be converted quickly into <span class="highlight">cash</span> without loss <span class="highlight">of</span> value. Loss <span class="highlight">The</span> negative difference between total revenue from a business or investment minus total expense. Medicare A federal government program <span class="highlight">of</span> transfer payments <span class="highlight">for</span> certain health care expenses <span class="highlight">for</span> citizens 65 or older. <span class="highlight">The</span> Social Security Administration manages <span class="highlight">the</span> program
Microsoft Word - ssstdh.docssstdh.pdf
various factors on supply and demand through Lowell Workers and Producers Respond to Incentives. (2) web resource: http://www.econedlink.org/lessons/index.cfm?lesson=EM562&page=teacher • Keep track of income and expenses for one week. Create a personal budget using dat...
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various factors on supply and demand through Lowell Workers and Producers Respond to Incentives. (2) web resource: http://www.econedlink.org/lessons/index.cfm?lesson=EM562&page=teacher • Keep track of income and expenses for one week. Create a personal budget using data. • Simulate purchasing an item both with cash and on credit at current average interest rates. Discuss the results and then chart the costs and benefits of credit. • Have different groups in class research types of investments. The
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http://www.ksde.org/LinkClick.aspx?fileticket=iPL%2fqBAzozk%3d&tabid=1715&mid=8016&forcedownload=true#page=15
www.ksde.org/LinkClick.aspx?fileticket=iPL%2fqBAzozk%3d&tabid=1715&mid=80...
various factors <span class="highlight">on</span> supply and demand through Lowell Workers and Producers Respond to Incentives. (2) web resource: http://www.econedlink.org/lessons/index.cfm?lesson=EM562&page=teacher • Keep track <span class="highlight">of</span> income and expenses <span class="highlight">for</span> one week. Create a personal budget using data. • Simulate purchasing an item both with <span class="highlight">cash</span> and <span class="highlight">on</span> credit at current average interest rates. Discuss <span class="highlight">the</span> results and then chart <span class="highlight">the</span> costs and benefits <span class="highlight">of</span> credit. • Have different groups in class research types <span class="highlight">of</span> investments. <span class="highlight">The</span>
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