Filing Your Taxes - NGPF FY-10.4 (Taxes Unit)

(View Complete Item Description)

Students will be able to: - Identify what they need to file their tax returns - Distinguish tax credits from tax deductions and understand how they can lower their overall tax burdens - Complete a 1040 form to file their tax returns - Explain how to pay back any taxes they owe or how to maximize a tax refund - Identify fees and penalties they will incur if they fail to file a tax return or pay back taxes owed

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Do I Need To File a Tax Return? - NGPF FY-10.3 (Taxes Unit)

(View Complete Item Description)

Students will be able to: - Understand the factors that determine whether or not someone has to file a tax return - Explain what a dependent is and establish if they can be claimed as a dependent by someone else on their tax return - Determine whether someone has to file a tax return based on their specific situation

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Important Tax Forms - NGPF FY-10.2 (Taxes Unit)

(View Complete Item Description)

Students will be able to: - Distinguish between common IRS forms and determine when and how each form is used in the tax cycle - Explain the purpose of a W-4 and how withholdings impact your paycheck - Carefully read the details of a W-2 form

Material Type: Lesson Plan

Author: Next Gen Personal Finance

The U.S. Tax System - NGPF FY-10.1 (Taxes Unit)

(View Complete Item Description)

Students will be able to: - Explain where income taxes are collected from and how they provide revenue for public expenses - Describe how the progressive tax code, current tax brackets, and different taxes between states lead to individuals paying varying amounts of taxes

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Read the Fine Print - NGPF 1.2 (Checking Unit)

(View Complete Item Description)

Students will be able to -Learn tips for using their checking account effectively, including the use of mobile alerts -Read a checking account agreement and identify the fees associated with a checking account -Understand how overdraft protection works and how to avoid high fees attached to the service -Read a bank statement to verify its accuracy and interpret how their money is being used

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Online & Mobile Banking - NGPF 1.4 (Checking Unit)

(View Complete Item Description)

Students will be able to: -Appreciate the range of online and mobile banking services available to help manage and fully utilize their checking account -Explain what direct deposit is, how they sign up for it, and why it could be beneficial -Use online bill pay -Understand the advantages and disadvantages of digital wallet payments such as Apple and Google Pay -Identify ways they can protect their checking account when using online and mobile banking

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Saving Basics - NGPF 2.1 (Savings Unit)

(View Complete Item Description)

Students will be able to: -Explain how saving is linked to overall wealth -Describe how saving and investing are different -Understand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable saving -Acknowledge the role of delayed gratification in saving

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Why We Save -NGPF 2.2 (Savings Unit)

(View Complete Item Description)

Students will be able to: -Identify everyday obstacles Americans experience when trying to save money -Understand why it is important to maintain an emergency fund -Describe their own savings goals as well as big picture reasons to save, such as for college or retirement -Estimate the cost of medium- and long-term goals and devise smaller, periodic savings goals to reach them

Material Type: Lesson Plan

Author: Next Gen Personal Finance

How We Save - NGPF 2.3 (Savings Unit)

(View Complete Item Description)

Students will be able to: -Identify various rules of thumb and strategies to save money -Determine whether a direct deposit or manually saving is the best strategy for them -Understand how compound interest works to increase savings -Explain how to use the Rule of 72 -Recommend different mobile apps that can help them manage and increase their savings

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Select a Savings Account - NGPF 2.4 (Savings Unit)

(View Complete Item Description)

Students will be able to: -Compare different savings vehicles such as a savings account, CD, and money market account -Identify important criteria to consider when selecting a savings account -Make a systematic and informed decision by gathering, evaluating, and comparing information

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Why Saving is Important - NGPF 5.1 (Saving Unit)

(View Complete Item Description)

Students will be able to: Explain why saving is important Explain what it means to “pay yourself first” and why it’s beneficial Create a list of short, medium, and long-term savings goals

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Building Your Savings Habits - NGPF 5.2 (Saving Unit)

(View Complete Item Description)

Students will be able to: Analyze the elements of a budget and how they affect different aspects of your personal and financial well-being Calculate how much they would have to save weekly, monthly, or annually to meet different savings goals Determine what spending habits they have that could change if necessary in order to meet savings goals

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Savings vs. Checking Accounts - NGPF 5.3 (Saving Unit)

(View Complete Item Description)

Students will be able to: Explain what is a savings account Compare the difference between savings and checking accounts Choose whether a savings or checking account is appropriate for different financial situations

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Opening a Savings Account - NGPF 5.4 (Saving Unit)

(View Complete Item Description)

Students will be able to: Develop a plan to talk to a parent or guardian about opening a savings account Prepare for opening a savings account by determining what features are most important, what items they already have, and what items they’ll need to apply Analyze a savings account statement

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Investing In Funds - NGPF 7.5 (Investing Unit)

(View Complete Item Description)

Learning Objectives Students will be able to Explain the difference between active investing and passive investing Identify a variety of popular investment funds including mutual funds, index funds, exchange traded funds, and target date funds Read a fund fact sheet for an index fund and a target date fund Approximate Time Lesson length: 110 mins

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Deep Dive Into Funds - NGPF 7.6 (Investing Unit)

(View Complete Item Description)

Learning Objectives Students will be able to Arrange companies to create a diversified mutual fund or index fund Evaluate how the composition of a mutual fund or index fund is associated with risk and reward Analyze the composition of the S&P 500 Approximate Time Lesson length: 80 mins

Material Type: Lesson Plan

Author: Next Gen Personal Finance

The Power of Compound Interest - NGPF 5.5 (Saving Unit)

(View Complete Item Description)

Students will be able to: Explain what is simple interest and compound interest Compare the difference in growth of an investment when using simple vs. compound interest Calculate simple interest and compound interest earnings year over year

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Why Invest? - NGPF 6.1 (Investing Unit)

(View Complete Item Description)

Students will be able to: Explain the difference between saving and investing Explain the difference between simple interest and compound interest Calculate compound interest using an online compound interest calculator

Material Type: Lesson Plan

Author: Next Gen Personal Finance

The Stock Market - NGPF 6.2 (Investing Unit)

(View Complete Item Description)

Students will be able to: Discuss the basic elements of the stock market Explain upward and downward trends (bear vs. bull) in the stock market Analyze several firms’ performance in the S&P 500 over various periods of time

Material Type: Lesson Plan

Author: Next Gen Personal Finance

Stocks vs. Bonds - NGPF 6.3 (Investing Unit)

(View Complete Item Description)

Students will be able to: Compare the difference between stocks and bonds Evaluate when it would be beneficial to invest in stocks and bonds Decide how much someone should invest in stocks and bonds based on personal goals and risk tolerance

Material Type: Lesson Plan

Author: Next Gen Personal Finance