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The activities below can help reinforce the material in this On ® workbook when used in the classroom. Many are experiential, helping students work together to better understand issues related to personal finance and to improve skills needed for success in school and life. You can also use these activities to help students meet select Common Core State Standards for English Language Arts (CCSS.ELA). Correlations to specific standards are listed below each activity. Visit www.corestandards.org/ELA-Literacy to learn more. managing your money Page 4—Work = $ Many students already know the realities of working. Emphasize that being a student comes first at this point in their lives. Talk about the ways that education pays. Ask students who work to calculate how much they would gross annually if they were working 40 hours a week at their current hourly wage. Ask students who don’t work to calculate annual pay using federal minimum wage. Then, have students use the Internet to research the average starting pay for 5 professional positions that interest them. Ask them to write an essay imagining the realities of their life getting that hourly wage or earning one of those higher starting salaries. Supports Speaking & Listening Standards: CCSS.ELA-Literacy.SL.9-10.1c CCSS.ELA-Literacy.SL.11-12.1c Supports Writing Standards: CCSS.ELA-Literacy.W.9-10.3a,b,e CCSS.ELA-Literacy.W.11-12.3a,b,e CCSS.ELA-Literacy.W.9-10.4 CCSS.ELA-Literacy.W.11-12.4 CCSS.ELA-Literacy.W.9-10.7 CCSS.ELA-Literacy.W.11-12.7 CCSS.ELA-Literacy.W.9-10.10 CCSS.ELA-Literacy.W.11-12.10 Page 5—Meet your paycheck. As a class, explore the Internal Revenue Service’s Web site for students (http://apps.irs.gov/app/ understandingTaxes/student/index.jsp). Since many students work as food servers, review the section on wage and tip income. Invite a tax accountant to talk to the class about payroll and income taxes and filing tax returns. Have the accountant walk the students through filling out both a federal and state tax form. Supports Speaking & Listening Standards: CCSS.ELA-Literacy.SL.9-10.1c CCSS.ELA-Literacy.SL.11-12.1c Supports Writing Standards: CCSS.ELA-Literacy.W.9-10.2a CCSS.ELA-Literacy.W.11-12.2a CCSS.ELA-Literacy.W.9-10.4 CCSS.ELA-Literacy.W.11-12.4 CCSS.ELA-Literacy.W.9-10.7 CCSS.ELA-Literacy.W.11-12.7 CCSS.ELA-Literacy.W.9-10.10 CCSS.ELA-Literacy.W.11-12.10 Page 7—Money in, money out Along with knowing about income, students should also be aware of the concept of assets and how they contribute to net worth. Have students use the Internet to research the projected net worth and assets of a favorite actor, singer or athlete. Ask students to calculate their own assets and net worth. Rather than focusing on comparing the two, use the activity to launch a discussion about how money is worthy of respect, but not worship. Have students write an essay identifying some of the things in their lives that are priceless, such as good friends or a particular talent. Supports Speaking & Listening Standards: CCSS.ELA-Literacy.SL.9-10.1c CCSS.ELA-Literacy.SL.11-12.1c Supports Writing Standards: CCSS.ELA-Literacy.W.9-10.3a,b,e CCSS.ELA-Literacy.W.11-12.3a,b,e CCSS.ELA-Literacy.W.9-10.4 CCSS.ELA-Literacy.W.11-12.4 CCSS.ELA-Literacy.W.9-10.7 CCSS.ELA-Literacy.W.11-12.7 CCSS.ELA-Literacy.W.9-10.10 CCSS.ELA-Literacy.W.11-12.10 On ® Teacher’s/Leader’s Guide for Please read: Talk to a professional! This guide is not a substitute for the advice of a qualified expert. 2014 Edition ©2005 Channing Bete Company, Inc. All rights reserved. (04-14-A) Channing Bete Company, One Community Place, South Deerfield, MA 01373 • 20D-0021 To reorder call (800) 628-7733 or visit www.channing-bete.com and ask for item number PS93605 Follow your organization’s policies and regulations (for example, those that apply to parental notification and consent) when using these activities. C O M P A N Y Channin ®