The FoolProof Teacher Guide

Transcription

1 The FlPrf Teacher Guide - Mdule 3: Kick Sme Buck! - This guide intrduces yu t Mdule 3: Kick Sme Buck, which teaches yur students that smart cnsumers critically evaluate marketing and advertising messages rather than simply accept them. Thanks t the supprt f Teachers Credit Unin, all teachers in Indiana can utilize the FlPrf financial literacy curriculum fr free. Frever. FlPrf s wrk is underwritten slely by the dnatins f fundatins, individuals and credit unins. Our curriculum was develped entirely by teachers and cnsumer advcates, nt by marketers. Thrugh TCU s Financial Empwerment prgram, FlPrf prvides resurces fr all ages and ecnmic levels, nt such fr middle and high schls. Yu can learn abut these resurces by visiting tcunet.cm/empwer. T learn mre abut the FlPrf Fundatin, visit flprffundatin.rg.

2 Mike Sheffer Directr f Educatin FlPrf Teacher Guide Mdule 3 Kick Sme Buck Lessn: A cntinuatin f the explratin f credit. Examines individual respnsibility fr credit decisins. Expands cncepts intrduced in Mdule 2. Time: minutes (1 class perid) Tw parts: pre-teach & pst-teach Nte: This guide is, f curse, nly a suggestin. Feel free t mdify it as needed, and please feel free t share with us yur wn teaching ideas fr FlPrf! 1

3 1. Lessn Descriptin Mdule 3 s cre message: In rder t make wise financial decisins, smart cnsumers critically evaluate marketing and advertising messages rather than simply accepting them. The purpse f the mdule and lessn is t make it clear t yur students that they are in charge f their credit histry. It des nt matter wh they are r wh their families are. They are in cntrl and they are respnsible fr their mistakes and successes. The lessn is designed t help students further explre the critical rle f credit in their lives. Cncepts presented in detail include credit scres, predatry lending, and the imprtance f reading the fine print. 2. Objectives Knwledge Objectives Students will be better able t: 1. Identify what is credit. 2. Identify the cmpnents f a credit scre. 3. Understand the imprtance f having gd credit. 4. Critically evaluate fine print. 5. Identify the term predatry lending and hw it can affect them. 6. Identify and cmprehend the FlPrf cncept, The Master Plan. 7. Research nline surces fr infrmatin abut credit. 2

4 Skills Objectives Students will be better able t: 1. Analyze the benefits and csts f cnsumer credit. 2. Analyze the risk f pr credit when it cmes t predatry lending. 3. Cmpare surces f cnsumer credit. 4. Explain factrs that affect creditwrthiness. 5. Explain the purpse f credit recrds. Attitude Objectives 1. Students will feel they have a gd general understanding f credit and hw credit impacts their future. 2. Students will feel they have a fundamental knwledge f a credit scre. 3. Students will feel they have cntrl f their financial future and will understand The Master Plan. 3. Classrm Methds Mdule 2 has been cmpleted. Yu have checked fr understanding by lking at the students FlPrf test results and by yur wn evaluatins. Yu are nw ready fr Mdule 3. Remember that students can g back and review any mdule at anytime. A quick review f the previus mdule Breathing Withut Air: This mdule helped the students cmprehend the basics f credit. Its cre message: Yu can t live withut air t breathe and yu can t live withut credit. 3

5 Mdule 3 begins with a mre detailed lk at credit: What is credit? Hw is yur credit tracked? Hw des gd credit give yu independence, and hw des bad credit take away independence? Ask yur class this questin: Wh has made a decisin that impacts yu and what criteria have that persn used t make that decisin? Typical respnses will be reprt cards, test scres, hw they perfrmed in an auditin r tryut, r even hw they played in a sprts event (example: ftball r basketball game; track event; chess club match) r ther cmpetitive activity (example: debate team). The pint t make t yur class is that smene is keeping track in academic r ther activities and it is n different in yur financial life. Cmpanies are keeping track f yur incme, yur spending habits and yur paying habits just like yur schl keeps track f attendance, tardiness and grades. Start yur students n Mdule 3, Kick Sme Buck! 4. Evaluatin Mdule 3 has a review and test fr evaluatin at the cnclusin f the mdule. T further check fr understanding, take a few minutes and discuss the majr pints in Mdule 3. Each Student is in cntrl f his r her wn financial decisins. Yu dn t have t be rich t have gd credit. Incme has little t d with a persn s credit. Yur credit scre is ne f the mst imprtant numbers in yur life. Mdule 4 is cming up next: Rad Trip! A Tip: Dn t tell yur students the real tpic f Rad Trip. Let them discver it as they begin the mdule. 4