Financial Independence

Financial Independence

Financial Independence set students 9th-12th graders up for financial success. This program allows the students to go through our own version of the game called “Life”.  Students will experience a career choice, a salary, and real “life hits” that makes the world go around.  This will prepare for proper actions and decisions when they come against the economic world.

Week 1: Paycheck: Gross vs. Net

-How to read a Pay Stub

-Taxes: Federal, State, County, Property

-Budget: Expenses, Savings, Balance Sheet

Week 2: Savings vs. Checking

-Savings: Types of Savings Accounts and Interest

-Checking: Bank Checking vs Money Share apps

-Setting Saving Goals: Long term vs. Short term

-Budget: Expenses, Savings, Balance Sheet

Week 3: Credit vs. Debit

- Credit vs. Debit: Good and Bad

- Credit Card Statement (APR)

-Budget: Expenses, Savings, Balance Sheet

Week 4: Credit Report vs. Credit Score

- Managing Credit: Credit report and Credit Score

- Identity Theft: How to prevent it

-Budget: Expenses, Savings, Balance Sheet

Week 5: Rent vs. Ownership

-What to look for in a lease

-Mortgages

-Budget: Expenses, Savings, Balance Sheet

Week 6: Leasing vs. Buying a Car

-Registration and Plates

-Auto Loans

-Budget: Expenses, Savings, Balance Sheet

Week 7: Types of Investment Accounts

-Long term saving

-Life Insurance

-Retirement Account

-Budget: Expenses, Savings, Balance Sheet

Week 8: Investing In Stocks

-Intro to investing in stocks

-Brokerage Account

-Budget: Expenses, Savings, Balance Sheet

Week 9: Compound Interest vs. Dividends

-How the Market Works

-Budget: Expenses, Savings, Balance Sheet

Week 10: Researching Stocks

-Individual stocks

-Index funds

-Mutual funds

-ETFs

-Budget: Expenses, Savings, Balance Sheet

Week 11: Buying A Stock

-Picking your first stock

-Budget: Expenses, Savings, Balance Sheet

Week 12: Filing A Tax Return

-Filing Taxes: How to complete a 1040 EZ Income Tax Form