Personal Finance 20S

Course Syllabus Mrs. J. Bachart jbachart@pembinatrails.ca www.msbachartbusiness.weebly.com www.engrade.com Room 234 Financial success is in your future. In Personal Finance, you will discover what it takes to achieve financial success. You will learn how to manage your own money by using an effective budget, make smart decisions about banking, credit, investing, taxes, insurance, buying choices, and much, much more. Invisioning what your financial future is the beginning of controlling your financial life. You are never too young to learn the skills that will lead to economic independence. In todays ever-changing economy, one thing remains constant: an education about personal finance is a necessity!

Course Outcomes
Upon completion of this course you will be able to: Define commonly used financial terms Comprehend how to generate income in a variety of ways Differentiate between income and passive income Understand the consequences attributed to identity theft and how to prevent it Discuss Banks vs. Credit Unions Explore the duties of the World Bank and the International Monetary Fund See the potential in using vision boards List and explain the history of currency Explain how coins are made in Winnipeg and how banknotes are made in Ottawa Differentiate saving and spending philosophies Believing that you also have the ability to be wealthy The Secret Understand how the global economic situations affects our finances today in your future Discuss the U.S financial crisis and the key players Discern investment opporutnities Understand IPO, NASDAQ, TSX, DIJA Decide what is a need and a want and the outcomes of those choices Recognize and discuss the importance of credit ratings Discuss bankruptcy, credit counseling and the problems with overspending

Course Activities
In Personal Finance you will learn in many different ways. This course will allow you to understand concepts by doing them, seeing them, watching them and reading them.

Textbooks and Other Materials

CNBC Television o Suze Orman Show o Till Debt Do U$ Part o American Greed o Untold Wealth: the Rise of the Super Rich Lang & Oleary Exchange (CBC) RICH DAD, POOR DAD. Robert T. Kiyosaki SECRETS OF THE MILLIONAIRE MIND. Mastering the Inner Game of Wealth. T. Harv Eker THE INSTANT MILLIONAIRE. A Tale of Wisdom and Wealth. Mark Fisher WHY WE WANT YOU TO BE RICH. Two Men. One Message. Donald J. Trump & Robert T. Kiyosaki THE SECRET. Rhonda Byrne

Assessment & Evaluation

Journals Projects Bulletin Board Vision Board Final Project Assignments Test / Quizzes Final Exam 6% 10% 5% 5% 12% 12% 20% 30%

Course Schedule
Topic Unit 1 MONEY WHAT WE DONT KNOW AND THINK WE DO (Projects / Assignment / Journal/ Bulletin Boards) Hours Topics Learned An briefing in personal finance Financial Blue Print What you really know about money Money Cliches 15 Vision Boards The Secret Everyone has the opportunity to be wealthy

PERSONAL FINANCE SYLLABUS 2013/2014

Page 2

Unit 2 Money, Money, Money ( Assignment / Journal / (Tests and Quizzes) 5

History of currency New polymer notes Security Features of Canandas Banknotes Counterfeiting Counterfeiting scams The Big 5 A touch of economics How to choose the bank for you Banks vs. Credit Unions IMF & WORLD BANK-what are they? The Federal Reserve and The Bank of Canada

Unit 3 YOU CAN BANK ON IT! (Projects / Assignment /Journal) (Tests and Quizzes) 8

Unit 3 THE U.S. FINANCIAL MELTDOWN (Essay)

A discussion of the inner workings How the U.S.A.s decisions affect you!

Unit 4 HOW DO I GET SOME OF THAT? (Projects / Assignment / Journal) (Tests and Quizzes) 10

Pathways of income Exploring occupations vs. entrepreneurship University / College outcomes The incredible shrinking paycheque Federal and Provincial tax calculations Extended Health, EI, CPP-speaking of shrinking.. Plan B Four major life expenditures How to raise a millionaire Children and the costs to raise them Car lease vs buy Mortgages, CMHC, Land transfer tax Gross debt service ratio Total debt service ratio Winnipeg property tax and where it goes

Unit 5 I GOT IT! BUT WHY DID IT DISAPPEAR SO FAST? (Projects / Assignment / Journal) (Tests and Quizzes) 10

Unit 5 The Instant Millionaire 5 (Projects Journal)

A tale of wisdom and wealth

PERSONAL FINANCE SYLLABUS 2013/2014

Page 3

Unit 6 Budgeting (Projects / Assignment / Journal) (Tests and Quizzes) 8

What is a budget? Who needs to use a budget? What should a budget include? Proper budgeting for savings and emergencies Expenses Needs vs. wants Realistic income and expenses Economic forecast Calculating your net income Future planning for saving and retirement History of credit cards Advantages/disadvantages of credit Choosing the right credit card for you APR, Interest Rates, Annual fees Credit rating and what is contained in it Credit bureaus Credit Score Signs you are in trouble Credit counseling, consumer proposals and bankruptcy ID Theft Fraud Prevention It is not gambling Stocks/bonds/GIC/mutual funds R.O.I or not.. Saving for a rainy day Lifestyle masks living beyond your means Compound interest Stock exchange:DIJA, TSX, S&P, NASDAQ NYSE, IPO The final project has your choice of four options Book Review Documentary Childrens Book Creative Timeline Something creative you have come up with

Unit 7 GIVE ME SOME CREDIT MAN! Or am I ready? (Projects / Assignment / Journal) (Tests and Quizzes) 7

Unit 8 INVESTING, NOT JUST AN OPTION A NECESSITY! (Book Review / Journal / Assignments) (Tests and Quizzes)

FINAL Project

PERSONAL FINANCE SYLLABUS 2013/2014

Page 4

FINAL Exam

Includes all topics covered during the semester

Expectations:
In order to be successful you will need to maintain regular attendance and arrive to class on time with all material needed for class. Record notes, participate in discussions and activities, be an active group member and ask questions. Sharing your questions or comments during class helps me teach the class and helps you and your classmates learn. Assignments are due at the start of class and are expected to be handed in on the due date. If you are late or miss class but you are in school on the due date of the assignment, you are expected to submit the assignment. Your assignment will not be identical to anyone elses. Even if you work on the assignment together, the finished product must be different. If two or more assignments contain significantly similar written passages, they will be given the mark of zero. Copying = plagiarism. Tests will be announced at least one week in advance. You are expected to write tests on the assigned dates. If you are to be away on a test day, YOU must make alternate arrangements with me PRIOR to the scheduled time of the test AND you must provide a PARENTAL NOTE explaining the absence. You will write the missed test on your first day back to school. Tests missed due to unexcused absences will result in a mark of zero. If you dont understand the lesson, please see me for immediate clarification. If you are absent it is your responsibility to get caught up. Friend, Friend, Me.

Terms Related to the Course Schedule, Assessments & Evaluation

Journal In the students journal, they will write about their feelings and experiences that they had when discussing the topics in class. This will be marked as completed or not completed as it will be used as assessment for learning. Bulletin Board The students will be put into groups and will use the class bulletin boards to display the topic they choose as a group to put up. If you are having any difficulty in this course, please come to me in Room 234 or email me at jbachart@pembinatrails.ca with your concerns. It is much easier to tackle the issue earlier on in the course then it is at the end. There are very few problems that we cannot work out together!
PERSONAL FINANCE SYLLABUS 2013/2014 Page 5