Special savings plan

http://www.dol.gov/ebsa/consumer_info_pension.html

Go to: What you should know about your retirement plan

Come up with a list including descriptions of what you should know about your retirement plan.

List anything that you found to be interesting, or something that you did not know about before.

Stock Market: Investing

Read through this article:

http://www.stockmarketinvestinginfo.com/

What is a drawback to the stock market currently?


Describe the stock market in general.  What is it all about?


How can stocks be used as a long term investment?

What are the risks and benefits involved with investing?

National Savings

Go to this website:

http://www.economywatch.com/economic-statistics/economic-indicators/Gross_National_Savings_Percentage_of_GDP/

I want you each to look at one countries % of Gross national savings.  Break this down by year, 1980 - 2015: obviously 2015 will be a prediction.  Create a graph that shows this in intervals of 5 years.  Along with the chart you will write a paragraph reflection on this including your thoughts on the topic and why you think the country you are looking at received the trend that they had on your chart.  Also include: currency, location in the world, how their location relates to their savings,  Research is encouraged to back up your theory.

Why Save??

http://money.cnn.com/2010/06/30/news/economy/personal_savings_decline.fortune/index.htm

Read through this article and write a paragraph reflection on it.

Wednesday, 4/20/11 Planner

Directions:

Copy and paste these notes to a word document and complete them

- You will be expected to be ready for these two quizzes on Thursday

- There will also be a student news quiz on Thursday

- Also, complete Section 3 questions 1, 2

- Section 4 Questions 1,2,3

Section 3 Guided notes                                          4/20/11

-          When you apply for credit – explain the process you go through

o   Credit Bureau

-          Credit rating:

-          Three Credit Check Factors: Name and describe

o    

o     

o     

-          Secured loans:

o   Collateral –

-          Unsecured loan:

-          Cosigning a loan:

-          Responsibilities as a borrower:

-          Paying on time:

-          Keeping Records:

Section 4: Government Regulation of Credit

-          Who regulated the credit industry?  How?

-          Equal Credit Opportunity Act:

o   What is it?

o   Who is it for?

-          State Usury laws:

o   Usury Law:

-          Interest Ceilings:

-          Bankruptcy

Major Federal Laws Regulating Consumer Credit

Fill out:

Name of law, Main Purpose, Major provisions for each

Credit Cards versus Debit Cards

Read through this article:

http://www.creditcards.com/credit-card-news/debit-or-credit-differences-1271.php

Answer these questions:
- What is the major difference between credit and debit?

- What are some advantages of Credit cards?

- What are some advantages of Debit Cards?

- Which do you think is better for your own personal use?  Why?

Commercial banks

Read through this article and write a brief response covering these questions: 

- What is a commercial bank and what does it offer to people?

- How does a commercial bank differ from an investment bank?

- How do commercial banks act as moneylenders?
http://www.economywatch.com/banks/commercial-banks/