Find Classes
Teach
Log In
Life Skills

Personal Finance Reading and Comprehension, Math, and Sim Game! (Flex/Semester)

In this 20-week semester flex course, students will use an interactive platform to learn about various personal finance topics through reading/comprehension quizzes, math quizzes, and a fun simulation at the end of each lesson.
Brooke Martinez
34 total reviews for this teacher
Completed by 4 learners
Class
No live meetings
Over 20 weeks
12-17
year olds
1-18
learners per class
per learner - per week

How does aFlexible Schedulecourse work?

No scheduled live video chats
Discussions via classroom forum and private messages with the teacher
Great if your learner prefers independent pacing or is uncomfortable with live video chat

Available Times

Pacific Time

Mon Sep 5

Sep 5, 2022 - Jan 22, 2023 (20 weeks)
Flexible Time
 Enroll

Mon Oct 3

Oct 3, 2022 - Feb 19, 2023 (20 weeks)
Flexible Time
 Enroll
Don't see a time that works for you?

Description

Class Experience

Students will be able to:
Week 1: Simulation Tutorial and Math Concepts Reference
-Understand how the course works and how the simulation is played
-Review math concepts (percentages, compound growth, probability & statistics, single variable equations, geometry)
Week 2: Time Management and Health
-Monitor Key Health Factors
-Allocate Time and Make Smart Purchases to Improve Health
-Plan and Alter Schedules to Allow Them to Balance Health, Work and Educational Goals
Week 3: Finding a Job
-Research and compare potential job openings
-Understand how experience and education qualify them for different levels of jobs
-Understand how payroll taxes and income tax deductions cause their net pay to be less than their gross pay
-Understand that some jobs provide health insurance and some don’t
-Experience how working at one job can give them the experience necessary to get a better paying job with more benefits
Week 4: Paying Your Taxes
-Read and identify key information on a W2 wage and tax statement
-Read and identify key information on a 1099-Int interest statement
-Fill out a 1040 form
-Use a tax table to compute tax owed
-Compute whether they owe tax or should receive a refund
Week 5: Education and Advancement
-Research job opportunities and determine what education is needed to obtain specific jobs
-Understand the importance of education in furthering their careers
-Understand how student loans work
-Analyze the cost of particular courses and determine how quickly an investment in education is likely to pay back
Week 6: Finding an Apartment
-Understand how apartment location, transportation, and their schedule must work together
-Compare costs of different apartments, including related costs such as transportation
-Explore different apartments in order to facilitate a schedule that accomplishes their goals
Week 7: Buying a Car
-Assess the type of car they can afford based on income and expenses
-Compare the cost of buying vs. leasing a car
-Understand key elements of a car loan, including down payment, monthly payment, and term
-Understand auto insurance, including mandatory coverages, optional coverages, and deductibles
Week 8: Shopping
-Identify and purchase goods that help their productivity, and therefore, improve their financial security
-Understand how to comparison shop to get the most for their money
-Understand how to utilize periodic sales to expand their purchasing power
Week 9: Budgeting and Saving
-Read a pay stub and understand gross pay, payroll deductions and net pay
-Estimate monthly income and expenses based on their pay stubs and their bills.
-Determine whether they expect a surplus or deficit in their budget.
-Read a bank statement to determine their actual income and spending and to compare that to their budget.
-Understand how to open a savings account.
-Recognize the importance of saving money for an emergency fund.
Week 10: Choosing and Balancing a Checking Account
-Understand that cashing checks without a checking account can be costly.
-Correctly enter deposits (credits) in a check register.
-Correctly enter expenditures (debits) in a check register.
-Balance their checkbook against a recent bank statement.
Week 11: Using Online Banking
-Understand how online banking can help them manage their finances more effectively and efficiently.
-Understand how to check account balances.
-Understand how to set up and monitor recurring bill payments.
-Understand how to transfer money between accounts.
Week 12: Getting a Credit Card
-Understand APR, credit limits, and credit card fees.
-Compare credit card offers.
-Understand the benefits of paying off a credit card bill fully.
-Understand how quickly finance charges and late fees can raise the amount owed on a credit card.
Week 13: Fixing Your Credit
-Read a credit report and identify problem areas.
-Understand the impact of poor credit on major purchases such as an automobile.
-Understand how paying off overdue bills will improve their credit score.
-Learn to build a good credit history by using credit responsibly.
-Understand the concepts of a credit score, including what constitutes a good and a bad score.
Week 14: Intro to Investing
-Understand how to invest in FDIC-insured savings accounts.
-Understand how to compare money market funds.
-Understand yield, loads, and expense ratios.
-Understand that returns on mutual funds vary over time.
Week 15: Risk vs. Return
-Understand the difference between a money market mutual fund and a stock fund.
-Compute percentage return based on the beginning and ending value of an investment.
-Understand the concept of volatility (risk) in an investment.
-Grasp the relationship between risk and return in investing.
Week 16: Diversification
-Understand the concept of diversification in investing.
-Understand that diversification can reduce risk while maintaining return levels.
-Compute risk (volatility) of individual investments vs. their entire portfolio.
-Use diversification to reach an investment goal.
Week 17: Investing for Retirement
-Understand that the tax code offers incentives to save for retirement.
-Understand the concept of a 401K plan.
-Understand company matching in a retirement plan.
-Understand how tax-advantaged retirement plans can help them reduce current taxes and make their investments grow over time.
Week 18: Buying a Home
-Understand how key percentages are used to determine how much housing expense a person can afford based on their gross income.
-Understand how other loan payments affect how large a mortgage they can get.
-Understand PMI and how it relates to down payments.
-Understand points and how they relate to interest rates and monthly payments.
-Understand how the term of a mortgage affects monthly payments and total interest paid.
Week 19: Insurance
-Understand the importance of insurance in protecting themselves financially.
-Understand what a deductible is and how it relates to premiums.
-Understand how premiums vary with coverage sought.
-Understand how medical insurance works and the relationship between co-pays, deductibles and premiums.
Week 20: New Career Project
-Manage their time to achieve a healthy, prosperous balance.
-Find employment and pay bills effectively.
-Understand how to use banking, debit cards, and credit cards wisely.
-Use higher education to advance their careers.
-Use insurance to reduce financial risk.
-Invest wisely to build wealth without taking on undue risk.
-Understand home ownership and opportunities in real estate investment.
I am from the United States and have been teaching various business, marketing, and finance courses for 13 years. I have taught both at the high school and collegiate level. I teach both in person and online but online is my favorite! I have a Bachelor's degree in Marketing and Business Information Technology Education, a Masters in Business Administration and a PhD in Online Education. 
I am very excited to work with all of you through Outschool!
Reading Quiz
Math Quiz
Simulation Score
No live meetings, and maybe some time outside of class.

Teacher

Brooke Martinez
🇺🇸
Lives in the United States
Martinez Money Message
34 total reviews
134 completed classes

About Me

Hi! I'm Dr. Brooke. I'm from Utah (United States). I teach business classes both face to face and online. I've been teaching Financial Literacy, Marketing, and Business Classes for 13 years. I have a Bachelors degree in Marketing and Business... 
Learn
© 2022 Outschool, Inc.