Session
2 - Saving, Investing and Interest Calculation -
Requirement
4. Start first home activity Requirement 1. Worksheet to be issued via
email or downloaded from this web page. Return homework assignment at the nextTroop Meeting.
Setting Financial
Goals
- What it take to be Commitment to Savings
- Commitment
- Discipline
- Delayed gratification
- Remember that the amount saved is not as important as the commitment
- Time Value of Money Concept
- Basic Interest Calculation (Board examples only)
- Simple Interest
- Compound Interest
- Concepts of Risk
- Types of Savings Accounts
- Short-Term Savings
- Regular Savings
- Money market Savings
- Certificate of Deposit
- Savings Vs Investing
- Risk & Time Management mentioned again
- What is Investing
- Degree of Risk
- Rate and Stability of Return
- Availability of funds
- Amount of protection against inflation
- Long-Term Investment Tools
- Bonds, Stock, Others to be covered in Session 3
- End of Discussion
- Breifly Introduce Home Activity Requirement #1
- 5 minutes review
- Worksheet Emailed to Parent (download below:)
- Requirement #1 is not directly related to today's class
