68 Chapter 2 Making Smart Decisions
Teamwork
Consumers have a responsibility to live within their means. Work
in a team with other students to discuss the following questions. When
consumers have financial difficulties caused by overspending, what, if any,
public assistance should be available to them? Is it ethical to create credit
card debt to buy nonessentials, to buy a car you cannot afford, or to borrow
money you cannot repay? Is it ethical for creditors to make credit readily
available to borrowers who have limited ability to repay as agreed? Share
your team’s opinion with the class.
G-W Learning Mobile Site
Visit the G-W Learning mobile site to complete the chapter pretest
and posttest and to practice vocabulary using e-flash cards. If you
do not have a smartphone, visit the G-W Learning companion
website to access these features.
G-W Learning mobile site: www.m.g-wlearning.com
G-W Learning companion website: www.g-wlearning.com
Common Core
CTE Career Ready Practices. For every action, there is a
reaction—whether it is immediately seen or not. There are
positive and negative consequences for different actions and
inactions. Make a list of five things that you have done for
which there were either positive or negative consequences. Put
a plus sign (+) beside the positive outcomes and a minus (-)
sign beside the negative outcomes. What could you have done
differently that would have changed each outcome?
Reading. Read a magazine, newspaper, or online article about the importance
of personal finance for teens. Determine the central ideas of the article and
review the conclusions made by the author. Provide an accurate summary of
your reading, making sure to incorporate the who, what, when, and how of
this situation.
Writing. Research the history of personal finance. Where did the concept
originate? Write an informative report consisting of several paragraphs to
describe your findings.
Web Connect
Investigate several money management software programs online.
Compare and contrast the key features of three of them. Discuss ways
money management software could help you with financial planning and
management over your lifetime.
College
and Career
Readiness