Income Intel SlidesINCOME INTEL CASH COURSE: DAY 01 Bell Ringer "If you earned $500 this month, would you actually receive $500? Why or why not?" 10 MINUTES Today's Goals 01 Define different types of income: wages, passive, windfall, and more. 02 Distinguish between Earned and Passive income. 03 Calculate the gap between Gross Pay and Net Pay. The Basics: What is Income? Wages Money earned for working an hourly job. The more hours you work, the more you make. Example: $15/hour at a pizza shop Fixed Income Income that does not change from month to month. Reliable and predictable. Example: Social Security or a Pension Smart Money Passive Income Money earned with little to no daily effort to maintain it. Rental property, investments Residual Income Money that continues to be generated after the initial work is done. Royalties from a book, YouTube ads THE WINDFALL 💨 A Windfall is a large, unexpected amount of money you receive suddenly. Birthday money Lottery winnings Inheritance ⚠️ Danger Zone "Many people blow through windfalls because they treat it like 'free money' rather than part of their financial plan." THE BIG GAP GROSS PAY The total amount you earned before taxes and deductions. $1,000 NET PAY "Take-Home Pay" The amount you actually get to keep after taxes. $785.42 Where did the rest go? Taxes, Insurance, & Retirement! Income Sorting On your worksheet, categorize these examples: YouTube Ad Revenue Working at Starbucks $100 for your Birthday Monthly Disability Check Selling Crochet Hats Winnings from a Raffle 20 MINUTES PAYCHECK MATH 🧮 Alex works 30 hours at $16.00/hour. Alex has $96.00 in taxes taken out. GROSS PAY: 30 × $16 = $480 NET PAY: $480 - $96 = $384 Try the practice problems on page 2 of your packet! EXIT TICKET Define Gross Pay and Net Pay in your own words. Give one example of a Windfall. Hand it to the teacher on your way out!
Income Intel WorksheetIncome Intel Cash Course: Day 01 Name: Date: Part 1: Income Sorting Categorize the following income examples into the correct type: Earned, Passive, Residual, or Windfall. A. Working 15 hours at a grocery store B. Winning $500 on a scratch-off ticket C. Monthly rent received from a tenant D. Royalties from a song you wrote E. $50 for your birthday from Grandma F. Ad revenue from your YouTube channel Earned Income List letter(s) here: Passive Income List letter(s) here: Residual Income List letter(s) here: Windfall Income List letter(s) here: Part 2: Paycheck Math Key Formulas Gross Pay = Hours Worked × Hourly Wage Net Pay = Gross Pay - Taxes & Deductions 1. Sarah works 25 hours a week at a camp. Her wage is $14.50/hour. The government takes out $72.50 in taxes. Calculate Gross Pay: Calculate Net Pay: 2. Marcus earns a gross salary of $3,400 per month. His pay stub shows that 22% of his pay is deducted for taxes and insurance. Calculate Total Deductions ($): Calculate Net Pay: Part 3: Analysis Explain the difference between Gross Pay and Net Pay in your own words. Why might a person prefer to have Passive Income rather than Earned Income? Give a specific reason.
Income Intel Answer KeyAnswer Key Income Intel: Day 01 Teacher Resource Part 1: Income Sorting Earned Income A (Grocery Store Job) Passive Income C (Rent from Tenant) Residual Income D (Song Royalties), F (YouTube Revenue) Windfall Income B (Scratch-off), E (Birthday Money) Part 2: Paycheck Math 1. Sarah (25 hrs @ $14.50, $72.50 tax) Gross Pay: 25 × 14.50 = $362.50 Net Pay: 362.50 - 72.50 = $290.00 2. Marcus ($3,400 Gross, 22% tax) Deductions: 3,400 × 0.22 = $748.00 Net Pay: 3,400 - 748 = $2,652.00 Part 3: Analysis Notes Gross vs. Net: Students should identify that Gross is the "before" number and Net is the "after" (take-home) number. Deductions are the difference. Passive vs. Earned: Look for answers mentioning "time freedom," "earning while sleeping," or "not trading hours for dollars." Passive income is often more scalable.
Expense Expert SlidesEXPENSE EXPERT Cash Course: Day 02 Bell Ringer List 3 things you spent money on this month. Were they needs or wants? 10 MINUTES Today's Goals 01 Categorize spending into Fixed, Variable, and Discretionary expenses. 02 Identify the difference between Needs and Wants. 03 Apply budgeting skills to a real-world scenario. Fixed Expenses ⚓ The Definition Costs that stay the same every single month. They are predictable and hard to change quickly. Rent / Mortgage Car Payment Gym Membership Netflix (Basic Plan) Variable Expenses ⚖️ The Definition Costs that change depending on how much you use them or shop around. Groceries Electricity Gasoline Water Bill Discretionary Expenses 🍿 The "Want" Money Non-essential spending. Money spent after all the bills are paid. This is usually the first category to cut when saving. Video Games Eating Out Concert Tickets Designer Clothes THE ULTIMATE BATTLE NEEDS Food & Water Shelter / Rent Basic Clothing Transportation to work VS WANTS Fancy Steakhouse Gaming Laptop Brand Name Sneakers Summer Vacation "If you spend all your money on Wants, you won't have enough for your Needs." Activity: Budget Sort Instructions Grab your 20 expense cards. Work with your partner to categorize them. Place them in the correct column: Fixed, Variable, or Discretionary. 🚗 Car Insurance 🍕 Friday Pizza Night ⚡ Electric Bill 🏠 Apartment Rent 🎨 Hobby Supplies 🛒 Weekly Groceries 30 MINUTES Group Challenge BUILD THE BUDGET You have a net income of $2,800/month. Using your expense cards, decide which ones you will keep and which ones you will cut to ensure you have at least $300 left over for savings!
Expense Expert WorksheetExpense Expert Cash Course: Day 02 Name: Date: Part 1: Needs vs. Wants In the left column, list 4 things you consider Needs. In the right column, list 4 things that are Wants. NEEDS WANTS Part 2: Expense Types Classify each expense as Fixed, Variable, or Discretionary. Expense ItemCategoryExplain Your ReasoningNetflix Subscription ($15.99) | | Electricity Bill | | | | Tickets to a Concert | | | | Rent for Apartment ($1,100) | | | Part 3: Mini-Budget Challenge Scenario: Your monthly net income is $2,400. You must cover your needs and try to save $200. Plan Your Expenses Rent (Fixed Need) $900 Groceries (Variable Need) $350 Phone Bill (Fixed Need) $75 Health Insurance (Fixed Need) $150 Choose 2 Discretionary (Wants): Video Game ($60) Gym Membership ($40) Eating Out ($120) THE BOTTOM LINE Add up all your chosen expenses. Subtract from $2,400. Total Spent: $__________ Amount Left: $__________ Did you meet the $200 savings goal? Why or why not? Critical Thinking Explain how understanding the difference between Fixed and Variable expenses helps you create a better budget.
Bank Boss SlidesBANK BOSS Cash Course: Day 03 Bell Ringer "What is the safest place to keep your money?" 10 MINUTES Today's Goals 01 Differentiate between Checking, Savings, and HYSA accounts. 02 Master the flow: Credits vs. Debits. 03 Track a balance using a professional Transaction Register. The Banking Duo 👯 Checking Account Built for Daily Use. Paying bills, buying groceries, and withdrawing cash. Low or no interest earned. Easy access. Savings Account Built for Future Use. Emergency funds or saving for a goal. Earns interest. Limited withdrawals. HYSA (High Yield Savings Account): Like a normal savings account, but earns way more interest (up to 4-5% vs 0.01%)! Money In vs. Money Out CREDIT (+) Any money that is added to your account balance. Paycheck Deposit + $500 Gift from Grandma + $50 DEBIT (-) Any money that is taken out of your account balance. ATM Withdrawal - $40 Buying Lunch - $15 THE OVERDRAFT TRAP 🪤 Overdraft Fee A penalty charged by the bank when you spend more money than you actually have in your account. AVERAGE FEE: $35.00 The Scenario: Account Balance: $10.00 You buy a Starbucks for: $12.00 New Balance: -$2.00 + $35.00 Overdraft Fee TOTAL DEBT: $37.00 "That $12 coffee just cost you $47!" How to Be the Boss: The Register 📝 DateDescriptionDebit (-)Credit (+)Balance03/01Opening Balance$200.0003/02Movie Tickets$30.00$170.0003/04Paycheck$150.00$320.00 Always know your number. Never trust the ATM receipt alone! Your Turn Record these transactions:
Bank Boss WorksheetBank Boss Cash Course: Day 03 Name: Date: Part 1: Account Logic Which account is better for paying your monthly phone bill? Why? Explain the advantage of a High Yield Savings Account (HYSA) over a standard savings account. Part 2: Transaction Register Record the following transactions and maintain the running balance. Your Starting Balance is $125.00. 03/05: Buy movie tickets (-$24.50) 03/07: Paycheck deposit (+$140.00) 03/08: ATM Withdrawal (-$20.00) 03/10: Lunch with friends (-$15.75) DateDescriptionDebit (-)Credit (+)Balance---Starting Balance$125.00 | | | | | | | | | | | | | | | | | Part 3: Overdraft Analysis Scenario: Your final balance from Part 2 is your starting point. You forgot that your automated Gym Membership ($45.00) was coming out of your account today. Then, you bought a $6.00 sandwich for lunch. 1. Calculate your new balance after both the Gym Membership and the sandwich. 2. Your bank charges a $35.00 Overdraft Fee per transaction that takes you below $0. How many fees did you trigger? What is your final balance now? Banker's Reflection Why is it dangerous to rely ONLY on a mobile banking app's "Current Balance" instead of keeping your own register?
Bank Boss Answer KeyAnswer Key Bank Boss: Day 03 Teacher Resource Part 2: Transaction Register DateDescriptionDebit (-)Credit (+)Balance---Starting Balance$125.0003/05Movie Tickets$24.50$100.5003/07Paycheck Deposit$140.00$240.5003/08ATM Withdrawal$20.00$220.5003/10Lunch$15.75$204.75 Part 3: Overdraft Analysis Starting Balance from Part 2: $204.75 Gym Membership: 204.75 - 45.00 = $159.75 Sandwich: 159.75 - 6.00 = $153.75 Note: In this specific scenario, the student does NOT overdraft because their balance was high enough. However, students may have made errors in Part 2. Ensure they follow their OWN math to the conclusion. Example of Overdraft (If balance was $10): $10 - $45 Gym = -$35 (Transaction 1) -> 1st Fee ($35) -$35 - $35 Fee = -$70 -$70 - $6 Sandwich = -$76 (Transaction 2) -> 2nd Fee ($35) Final Balance: -$111.00
Plastic Power SlidesPLASTIC POWER Cash Course: Day 04 Bell Ringer "Would you rather use cash, debit, or credit for a $50 purchase? Why?" 10 MINUTES Today's Goals 01 Contrast the mechanics of Debit Cards vs. Credit Cards. 02 Define APR and explain how interest adds up. 03 Analyze the long-term cost of high-interest debt. Debit Cards: The Direct Link 🔗 "Spend what you have" Connected directly to your Checking Account. Money leaves your account immediately. No interest charged (you aren't borrowing). DEBIT 4000 1234 5678 9010 Student Name Requires a PIN for security Credit Cards: The Short Loan 💸 CREDIT 5200 9876 5432 1011 Future Big Shot Borrowed limit from a bank "Spend what you BORROW" You are using the bank's money, not yours. You receive a bill at the end of the month. Interest is charged if you don't pay in full. The Cost of "Later" ⏳ Interest The fee you pay to the bank for the privilege of borrowing their money. It is usually a percentage of the total amount you owe. APR Annual Percentage Rate. The yearly interest rate you pay on your credit card debt. Average Credit Card APR: 20% - 25% THE $100 TRAP Purchase $100.00 Interest (20% APR) +$20.00 If you only pay the minimum balance each month... That $100 sweatshirt could end up costing you $180 or more over 2 years! Danger Zones ⚠️ Late Fees Missing a payment can cost $30-$40 instantly AND hurt your credit score. Debt Spirals Interest on top of interest makes it nearly impossible to pay off the balance. Credit Score Maxing out cards makes it harder to buy a house or car in the future. Partner Chart Work with your partner to complete the comparison chart in your packet.
Plastic Power WorksheetPlastic Power Cash Course: Day 04 Name: Date: Part 1: Debit vs. Credit Compare the features of debit and credit cards based on our class discussion. FeatureDebit CardCredit CardWhere does the money come from? | | When do you pay for the item? | | | | Are there interest charges? | | | Part 2: The Cost of Interest Calculation Formula (Simplified Monthly) Monthly Interest = (Balance × APR) ÷ 12 1. You have a $500 balance on a credit card with a 24% APR. You do not pay it off this month. Calculate 1 Month of Interest: New Total Balance: Part 3: The Debt Trap Scenario: Your friend says, "I love my credit card! I can buy whatever I want and the bank only makes me pay $25 a month as a 'minimum payment.' It's basically free money." What advice would you give your friend? Why is their thinking dangerous? Why do credit card companies want you to pay ONLY the Minimum Balance each month? Final Decision If you are buying a $1,200 Laptop and you have $1,500 in your bank account, would you use your Debit Card or your Credit Card? Explain your strategy (hint: think about safety AND interest).
Plastic Power Answer KeyAnswer Key Plastic Power: Day 04 Teacher Resource Part 1: Debit vs. Credit Debit Card Source: Checking Account Timing: Immediate Interest: None (it's your money) Credit Card Source: Bank Loan / Credit Line Timing: End of month bill Interest: High (if not paid in full) Part 2: The Cost of Interest Scenario: $500 balance, 24% APR Monthly Interest Rate: 24% ÷ 12 = 2% per month 1 Month Interest ($): $500 × 0.02 = $10.00 New Total Balance: $510.00 Teacher Note: If the student only pays a $25 minimum, they only actually reduced their debt by $15, because $10 went to interest! Part 4: Final Decision Reasoning Laptop Strategy: A strong student answer might mention using a Credit Card for the purchase if they have the discipline to pay it off immediately from their $1,500 checking balance. This allows them to earn "rewards" or "fraud protection" without paying any interest. If they use a Debit Card, it's safer for their budget but they miss out on protection/benefits. Using credit without paying it off would be the wrong answer here.
Adulting Challenge SlidesADULTING CHALLENGE Cash Course: Day 05 (Simulation) Warm-Up The Vocab Blitz ⚡ Get your devices or whiteboards ready! We are going to quickly review the terms from the last 4 days before we start the simulation. 10 MINUTES Today's Goals 01 Apply all financial knowledge to a simulated monthly budget. 02 Calculate net pay and manage unpredictable "Life Events." 03 Avoid the "Overdraft Trap" while meeting essential needs. HOW TO PLAY 🎮 1 Pick a Job Card and calculate your monthly net income. 2 Subtract your Fixed Expenses (Rent, Phone, Car). 3 Draw a Life Event card. Follow its instructions immediately. 4 Use remaining cash for Discretionary items or Savings. The Winning Goal Finish the month with POSITIVE CASH and no Overdraft Fees! Step 1: Your Career Sous Chef $3,200/mo (Gross) ER Nurse $4,800/mo (Gross) Mechanic $3,900/mo (Gross) Wait! Don't forget Taxes! 🏛️ Deduct 20% from your Gross Pay to find your Net Pay (Take-Home). Step 2: Monthly Survival 💸 Rent/Housing -$1,200 Cell Phone -$85 Groceries (Need) -$400 Car Payment -$350 TOTAL FIXED DEBITS: $2,035.00 LIFE HAPPENS 🌪️ Windfall! You got an unexpected bonus at work! +$250 Disaster! Your car needs a new tire immediately. -$180 Draw your card from the pile NOW! THE FINAL SCOREBOARD Final Calculation: Net Pay $_____ Total Expenses -$_____ Life Event +/- $_____ REMAINING $_____ The Post-Game Reflect with your team: "What financial mistakes were the easiest to make today?" "Did anyone choose to use a credit card? Was it worth the interest?"
Adulting Challenge Record SheetAdulting Challenge Day 05: Record Sheet Name: Career: Step 1: Income Setup Gross Monthly Pay: $__________ Taxes (20%): -$_________ Net Monthly Pay: $_________ Step 2: Budget Tracker Expense DescriptionCategoryAmount (-)BalanceNet Monthly IncomeEarned Income---$_________Rent / HousingFixed Need-$1,200.00Cell Phone BillFixed Need-$85.00GroceriesVariable Need-$400.00Car PaymentFixed Need-$350.00LIFE EVENT (Draw Card)Unpredictable+/-_________ | | | | | Final Month-End Balance: | $_________ | Final Reflection 1. Look at your final balance. Did you have enough money left over to put into a savings account? Why or why not? 2. Which "Life Event" card did you draw? How did it affect your financial stress levels for the rest of the month? 3. If you could repeat this month, what is ONE financial decision you would change to improve your final outcome? Adulting Status: Thriving Surviving Broke Teacher Initials:
Adulting Challenge Resource PackSimulation Pack Adulting Challenge: Day 05 Teacher Resource Career Cards (Cut Out) Social Media Manager $3,400 (Monthly Gross) Construction Foreman $4,200 (Monthly Gross) Medical Assistant $3,100 (Monthly Gross) Software Dev (Junior) $5,500 (Monthly Gross) Electrician Apprentice $3,800 (Monthly Gross) Graphic Designer $3,600 (Monthly Gross) Life Event Cards (Cut Out) Windfall! You sold some old electronics on eBay. Add +$120.00 to your balance. Windfall! You received a surprise tax refund check. Add +$350.00 to your balance. Disaster! You dropped your phone and the screen shattered. Deduct -$150.00 for repairs. Disaster! You forgot about a speeding ticket from last month. Deduct -$225.00 (Fine + Late Fee). Life Choice Your best friend is getting married out of state. Deduct -$400.00 for travel and a gift. Life Choice Your car needs a basic oil change and new wipers. Deduct -$85.00. Facilitation Tips Have students draw ONE career card at the start. They must use that exact number for their sheet. Once they have subtracted fixed expenses, go around the room and let them pick a "Life Event" card. Encourage students who hit negative balances to explain how they will fix it (e.g., "I'll use a credit card and pay interest next month"). End with a whole-class debrief on the most stressful parts.
Finance Finale SlidesFINANCE FINALE Cash Course: Day 06 (The Finish Line) Today's Mission Part 1 Vocabulary Quiz Show off what you learned about income, banking, and credit. 30 MINUTES Part 2 Performance Task Create your very own "Teen Financial Survival Guide." 45 MINUTES Quiz Protocol Phones in pockets or bags. Use your calculator for paycheck math. Show your work on calculation problems. Good Luck, Bosses! SURVIVAL GUIDE PROJECT The Goal Imagine a freshman is about to get their first job. Your mission is to create a one-page guide that teaches them everything they need to stay out of financial trouble. Requirements: 8 Vocabulary Definitions Paycheck Math Example Banking Tip (Register/Fees) Debit vs. Credit Comparison One Visual (Chart/Graphic) Design Inspiration 🎨 Magazine Style Use big catchy headlines, bullet points, and high-contrast boxes for tips. Infographic Style Focus on the icons, charts, and arrows to show how money flows. Be creative! This can be a digital poster, a handwritten flyer, or even a brochure. Pro Tip: The Paycheck Example On your guide, you must include one math example. Make it realistic! Bad Example: "I made $100 and kept $80." (Too simple, no context) Great Example: "If you work 20 hours at $15/hr, your Gross Pay is $300. After 20% in taxes ($60), your Net Pay is $240." (Clear terms, real math!) SCORING RUBRIC Accuracy All 8 terms are defined correctly using financial context. 25 POINTS Application Calculations for paycheck and banking scenarios are 100% correct. 25 POINTS Visuals At least one chart or illustration is neat and helps explain a concept. 25 POINTS Clarity Guide is organized, easy to read, and free of major typos. 25 POINTS WORK TIME Focus. Create. Survive. 45:00
Finance Finale WorksheetFinance Finale Day 06: Quiz & Project Guide Name: Score: Part 1: Vocabulary Quiz Matching: Definition to Term _____ 1. Money added to an account balance. _____ 2. The total amount earned before taxes. _____ 3. Yearly interest rate charged on credit cards. _____ 4. Costs that change month-to-month. _____ 5. Take-home pay after all deductions. A. Net Pay B. Variable Expense C. Credit (Banking) D. APR E. Gross Pay Scenario Calculations 6. You work 40 hours at $16/hr. If your total tax deduction is 20%, what is your Net Pay? (Show your work) 7. Your bank account has $40.00. You buy a $45.00 video game. Your bank charges a $35.00 overdraft fee. What is your New Balance? Performance Task: Survival Guide The Mission Create a "Teen Financial Survival Guide" that will help a freshman understand how to manage money, avoid bank fees, and use plastic power wisely. Checklist Requirements 8 Vocabulary Terms with accurate definitions A labeled Paycheck Math example (Gross vs. Net) A "Pro Tip" for managing a Checking Account A Debit vs. Credit comparison graphic or chart Clear, organized design (No messy handwriting) Project Scoring Vocabulary Accuracy / 25 Math Logic & Application / 25 Visual Organization / 25 Clarity & Professionalism / 25 TOTAL SCORE / 100 Project Workspace / Draft Space Use this area to sketch your guide layout or draft your 8 vocabulary terms.
Finance Finale Answer KeyQuiz Answer Key Finance Finale: Day 06 Teacher Resource Matching Section C 1. Money added to balance = Credit E 2. Total earned before taxes = Gross Pay D 3. Yearly interest rate = APR B 4. Costs that change = Variable Expense A 5. Take-home pay = Net Pay Calculations Key 6. 40 hours @ $16/hr, 20% tax Gross: 40 × 16 = $640.00 Tax: 640 × 0.20 = $128.00 Net Pay: 640 - 128 = $512.00 7. Account $40, Video Game $45, $35 Fee Purchase: 40 - 45 = -$5.00 Overdraft Fee: -5 - 35 = -$40.00 Project Grading Tip For the Survival Guide, look for visual clarity. If a student's guide is cluttered or the math example is vague (missing units or labels), deduct points for "Clarity" and "Application." The best guides should be usable by an actual freshman who knows nothing about finance.
