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R
10 A
BEYOND PERSONAL FINANCE
Charla McKinley TEACHER WORKBOOK
CONTENTS WHAT TO EXPECT FOR THE NEXT 20 "YEARS"
UNIT 1
Careers & Education
1
1
2 Budgeting
17
3 Car Purchase
36 52 67
4 Apartment Rental
5 Checkpoint 1
UNIT 2
6 Credit Cards
73
7 Marriage & Interest 8 Babies & Payroll 9 House Purchase
91
107 125 144 164 175
10 Insurance
11 Review
12 Checkpoint 2
UNIT 3
13 Charitable Giving 14 Investments 15 Business Basics
181
196
219 16 Layoff & Financial Tracking 241 17 Income Tax 260 18 Divorce & Review 280 19 Checkpoint 3 299 20 Retirement 306
The Teacher Workbook mirrors
the Student Workbook
YEAR 3 Future You... Buys a Car
KEY TERMS DEFINITIONS TO GET US STARTED
the manufacturer makes the cars and the dealership is authorized to sell the cars that are made invoice price is the amount the manufacturer charges the dealer for the car while the MSRP (manufacturer’s suggested retail price) is the price the manufacturer recommends the dealer sell it for Each page in the Student Workbook is also in the Teacher Workbook an agreement by the manufacturer to repair or replace defective parts
a financing agreement where people pay to drive the car for a set period of time
an initial up-front partial payment for the purchase of expensive items
loss of a car's value over time
KEY TERMS DEFINITIONS TO GET US STARTED
invoice price is the amount the manufacturer charges the dealer for the car while the MSRP (manufacturer’s suggested retail price) is the price the manufacturer recommends the dealer sell it for INVOICE PRICE VS MSRP the manufacturer makes the cars and the dealership is authorized to sell the cars that are made MANUFACTURER VS DEALERSHIP an agreement by the manufacturer to repair or replace defective parts WARRANTY The only difference is the answers are provided rather than blanks
a financing agreement where people pay to drive the car for a set period of time LEASE
an initial up-front partial payment for the purchase of expensive items DOWN PAYMENT
loss of a car's value over time DEPRECIATION
STRATEGIES YOU CAN USE TO LOWER YOUR PRICE Saving money on big purchases is key to a healthy budget.
This allows you to follow along with
the student and provide input as needed.
STRATEGIES YOU CAN USE TO LOWER YOUR PRICE Saving money on big purchases is key to a healthy budget.
The answers are also given in the Instructional Video
Be prepared
Time your purchase
Be patient
CONSIDER BUYING USED...
THE BIGGEST WAY TO SAVE MONEY ON A CAR IS TO
PROS
CONS
CONSIDER BUYING USED...
THE BIGGEST WAY TO SAVE MONEY ON A CAR IS TO BUY USED
PROS
CONS
- SAVINGS Kelley Blue Book says you will save an average of $13,500 when you buy an average used car vs an average new car. - RELIABILITY Today's cars are built to last longer. - SELECTION There are tons of gently used cars to choose from.
- MAINTENANCE A car with higher mileage can come with more repairs. - THE UNKNOWN When you buy a car someone else has driven, you don't know how they treated the car. - SEARCH COSTS Sure, there are a lot of cars out there, but you will need to be patient to find just the right one.
T H E P O I N T
T H E P O I N T
A CAR IS A BIG INVESTMENT, CHOOSE WISELY.
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