Transcript Chapter 1: Foundations in Personal Finance

Unit 4: Income, Taxes, and Giving

Examine the charts, graphics, and reading
excerpts in Chapter 10: Money and
Relationships.
o Make a list of questions you would like to have
answered as we go through the chapter.

WB: Before You Begin, pgs. 210 - 211
o Review the Learning Outcome objectives and Key
Terms
o Complete the “Before” column on the “Measure Your
Progress” chart

Journal:
What are your initial thoughts about money and
relationships?
2. What do you want to learn about money and
relationships?
1.
Section 1

Video 1.1 (13 minutes): Values and Attitudes

Journal:
1.
Have you ever witnessed money affecting a
relationship close to you?

How do a person’s values affect the way they
handle money?
o Your values influence your behavior.
o How a person handles money is 80% behavior and 20%
head knowledge.

Activity:
o Back Then (45 minutes at home, 20 minutes in class)
Section 2

Video 2.1 (11 minutes): Marriage and Money

Journal:
1.
Would you describe yourself as a Nerd or a Free
Spirit when it comes to handling money? Explain
your answer.

In a marriage, who is supposed to do the financial
decision making?
o Both people in the relationship.

In a marriage, besides telling your money what to
do, what else does having a budget accomplish?
o A budget will ensure that both people are agreeing on
what they want their money to do.

Are you a natural saver or spender? Explain your
answer.

Activity:
o Creative Debating (25 Minutes)
Section 3

Video 3.1 (9 minutes): The Budget Committee
Meeting

Journal:
1.
How will this chapter change the way you talk to
your parents about money?

What are some important guidelines to remember
when communicating with others about money?
o Listen, pick the right time and place to start a
conversation, be honest, seek counsel, and communicate
your money goals.

Why is it important to communicate with other
household members about money?
o Winning with money takes teamwork.
o Helps maintain accountability as you work toward your
financial goals.
o The financial plan should be agreed upon by all involved.

Activities:
o Roommates and Money (20 minutes)
o Time Budget (20 minutes)

Take Action Challenge, pg. 219

Budget Builder – foundationsU.com

Money in Review, pgs. 220-221

Complete the “After” column on the “Measure
Your Progress” chart, pg. 211.