Money Management II Syllabus
Ms. Christy Garrett -- Room 4204
Website: http://christygarrett.weebly.com/
Email: garrettc@aaps.k12.mi.us
Phone: 994-2092
Facebook: Ms. G at Huron High
I. What is Money Management II all about?
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Life is a challenge. As you’ll see... just when you're about to make ends meet, someone moves
the ends! For a lot of people it can be a struggle to pay bills, make the rent payment and
provide food and clothes for their family. Most work hard and just try and do their best.
Ultimately, the life we all want—a nice place to live, enough money to pay our bills, and fewer
concerns about finances—is possible if we keep focused on our goals.
That's where this class is designed to help! Money Management II is a semester course that
focuses on helping students to better manage their finances. The course has no prerequisites
and is offered to all grade levels. In addition, this course meets the requirement for .5 credit of
your 4th year of Math. The class aims to provide personal financial planning tips and
information, it provides concrete advice on how to manage money so money doesn't manage
you. Hopefully, when this semester is over, you’ll end up thinking it was one of the best classes
you ever took!
What will be taught in Money Management II!
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Credit
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Personal Decision Making
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Topics include: advantages & disadvantages of using credit, understanding annual
percentage rate, calculating finance charges, understanding your credit report and your
credit score, computing finance charges using the adjusted balance, previous balance,
and average daily balance methods, problems with credit, credit counseling using the
20/10 rule, using calculations to analyze cost benefit of declaring bankruptcy, applying
and getting approved for loans.
Topics include: identifying personal wants and needs, using cost analysis and comparison
shopping, housing principals: calculating moving costs and installation charges,
understanding mortgage loans, interest rates, and cost of utilities. Real Estate Principles:
property taxes, easements, and closing costs, calculating depreciation and appreciation,
understanding earnest money agreements, offers, and liens, understanding car financing,
loans, interest rates, down payments, and cost benefit analysis of leasing vs. buying.
Personal Risks & Insurance
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Topics include: the importance of insurances, insurable interest, insurable risk, payment
schedules, and computing discounts and deductibles, property & liability insurance,
reducing automobile insurance premiums, understanding insurance claims and
deductibles, health & life insurance, calculating co-pays & deductibles, computing future
value and cash value of insurance policies.
Money Management II
Syllabus
IV. Grading
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You will be graded on a total points basis. You earn points from in class assignments,
homework assignments, class projects, study guides, and tests (including a cumulative final
exam).
Methods: Projects handouts, lectures, discussion, text readings and videos
Grades are calculated using the district default A-E scale.
Assessment days for the business department are Mondays and Fridays. Every attempt will
be made to have any major unit exam fall on one of these days.
STUDY for your exams. Retakes can only be used to bring E’s up to 60%. It’s important to be
accountable for your education. Study, Study,
Grading and Class Expectations: Be prepared, be respectful, be responsible, participate
productively in class activities, use your planner, monitor your graduation requirements,
expect to be challenged and embrace the challenge, and do your best and take pride in your
work!
VII. Materials
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Textbook: Glencoe Personal Finance. We do not have enough textbooks to pass out to
each student. You will receive Power Point slideshows and note organizers to read and study
from instead.
Software: Microsoft Word, Excel, PowerPoint, and Internet Explorer
Supplies Needed By Student: binder or folder, calculator, your brain and a great attitude
VIII. Academic Integrity
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Students are expected to uphold the principles of academic integrity. Academic honesty and
ethical behavior are required at all times. Academic dishonesty includes, but is not limited to,
cheating and plagiarism (using other’s work as your own). Academic dishonesty can, and
will, result in failure of the assignment/project/test.
Absence policy:
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It is the student’s responsibility to find out what was missed due to absence and to make up
the work as soon as possible. Please communicate with me before any planned absence and
upon returning from an absence. You can find an assignment calendar on my website. There
are also links to virtually all assignments, projects and activities available there as well. It is
the responsibility of each student to use all of the tools available to them to keep track of
what is going on in class!
IX. Policy on late work:
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Students are expected to complete all class work and homework assignments by the specified due
dates.
Please communicate with me in advance of the due date to request an extension if you have a problem
completing an assignment on time.
If your work is late, you will receive an automatic 10% deduction. From that point forward, you will
have a maximum of one week from the specified due date to turn in your work.
Communicate with your teacher if you are having problems with a particular assignment or project!