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Financial Independence

What It Is:

Financial Independence (Ages 15-18)

 

Week 1 (Day 1): Setting the Foundation

                          Careers: Interests, Abilities, Aptitudes, Values

                               -Types of Careers

                                  -Applying for a Career: Introduction to resumes and interviews

                                  -Write a Resume

 

Week 1 (Day 2): Introduction to Mock Career/ Lifestyle

                          -Pick random Career

                          -Resumes and interviews (in-person, video)

 

Week 2 (Day 3/ Month 1): Paycheck: Gross vs. Net

                                           -How to read a Pay Stub

                                           - Taxes: Income, State, Property

                                           -Savings: Types of Savings Accounts and Interest

                                           -Budget: Expenses, Savings, Balance Sheet

 

Week 2 (Day 4/ Month 2): Random Pick of Life’s Hits (Pick a random incident from jar)

                                         Budget: Expenses, Savings, Balance Sheet

                                         - How to Write a Check

 

Week 3 (Day 5/ Month 3): Random Pick of Life’s Hits (Pick a random incident from jar)

                                         Budget: Expenses, Savings, Balance Sheet

                                          - Credit vs. Debit: Differences and Banking

 

Week 3 (Day 6/Month 4): Random Pick of Life’s Hits (Pick a random incident from jar)

                                        Budget: Expenses, Savings, Balance Sheet

                                        - Credit vs. Debit: Good and Bad

 

Week 4 (Day 7/ Month 5): Random Pick of Life’s Hits (Pick a random incident from jar)

                                         Budget: Expenses, Savings, Balance Sheet

                                          - Credit Card Statement (APR)

 

Week 4 (Day 8/ Month 6): Random Pick of Life’s Hits (Pick random incident from jar)

                                         Budget: Expenses, Savings, Balance Sheet

                                         - Managing Credit: Credit report and Credit Score

 

Week 5 (Day 9/ Month 7): Random Pick of Life’s Hits (Pick random incident from jar)

                                         Budget: Expenses, Savings, Balance Sheet

                                         - Rent vs. Home Ownership: What to look for in a lease.

        How to apply for a loan. Property taxes.                                                     

 

Week 5 (Day 10/ Month 8): Random Pick of Life’s Hits (Pick random incident from jar)

                                           Budget: Expenses, Savings, Balance Sheet

                                           - Leasing vs. Buying a Car (Registration and Plates)

 

Week 6 (Day 11/ Month 9): Random Pick of Life’s Hits (Pick random incident from jar)

                                           Budget: Expenses, Savings, Balance Sheet

                                            - Identity Theft: How to prevent it

 

Week 6 (Day 12/ Month 10): Random Pick of Life’s Hits (Pick random incident from jar)

                                             Budget: Expenses, Savings, Balance Sheet

- Shopping on a Budget: Impulse purchases. Wants and Needs. Enjoying life while still managing your funds.

 

Week 7 (Day 13/ Month 11): Random Pick of Life’s Hits (Pick random incident from jar)

                                             Budget: Expenses, Savings, Balance Sheet

                                             -Setting Saving Goals: Long term vs. Short term

 

Week 7 (Day 14/ Month 12): Random Pick of Life’s Hits (Pick random incident from jar)

                                             Budget: Expenses, Savings, Balance Sheet

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

 

 

*Other Topics: FAFSA 101

                        Financial Aid Options