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LESSON 3: GROWING YOUR WEALTH
Friday, September 13th, 2019
Lots to do today!
First, we’ll be correcting the worksheet for
lesson 17.1.
Second, we’ll be beginning lesson 3,
“Building Your Wealth.” We’ll watch the
different videos and take notes; we’ll be
breaking this into chunks, because it’s a
lot of notes and videos.
Third, we’ll have time to work on
completing lesson 2 on Budgeting:
Learning How to Manage Your Money, and
the worksheet for lesson 17.2. Both
assignments are due on Tuesday.
Agenda for the
Day:
6th 12:22-1:00
Growing Your Wealth
LESSON 3: GROWING YOUR WEALTH
Savings Accounts/Money Market Accounts
Risk
• Low
• Insured by the government up
to $250,000 per person, per
account
• Banks loan this money out to
consumers and make interest
off of it
Return
• Low- about 1 % now
-
CD’s- Certificates of Deposit
Risk
• Low
• Depositing money to the bank
for a set time period
• Insured up to $250,000 by FDIC
Return
• 1 Year- 1.35%
• 2 Year- 1.50%
• 5 Year- 2.25%
• Rates change with interest
rates

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20190913b

  • 1. LESSON 3: GROWING YOUR WEALTH Friday, September 13th, 2019 Lots to do today! First, we’ll be correcting the worksheet for lesson 17.1. Second, we’ll be beginning lesson 3, “Building Your Wealth.” We’ll watch the different videos and take notes; we’ll be breaking this into chunks, because it’s a lot of notes and videos. Third, we’ll have time to work on completing lesson 2 on Budgeting: Learning How to Manage Your Money, and the worksheet for lesson 17.2. Both assignments are due on Tuesday. Agenda for the Day: 6th 12:22-1:00
  • 2. Growing Your Wealth LESSON 3: GROWING YOUR WEALTH
  • 3. Savings Accounts/Money Market Accounts Risk • Low • Insured by the government up to $250,000 per person, per account • Banks loan this money out to consumers and make interest off of it Return • Low- about 1 % now -
  • 4. CD’s- Certificates of Deposit Risk • Low • Depositing money to the bank for a set time period • Insured up to $250,000 by FDIC Return • 1 Year- 1.35% • 2 Year- 1.50% • 5 Year- 2.25% • Rates change with interest rates