Module 12 - Lesson 1-5

Welcome

Welcome to Module 12 of this course. 

Introduction

In this module, the student will learn important information about how to manage finances. This includes, but is not limited to, the differences between checking and savings accounts as well as debit and credit cards, how to create and maintain a budget, what a credit score is and how it is calculated, compound interest, and managing debt. Students will be provided with formulas, examples, and real-life scenarios to process how the information throughout the module applies to the real-world. It is important to understand the financial world, because any financial decision made could affect one's future.

 Course Navigation

 To navigate through this module, use the "next" and "previous" buttons located at the bottom of the page. 

Score a 100% on the CYK Quizzes. You may take these quizzes as many times as needed to score 100%. Turn in any mastery assignment, discussion post and/or module quiz before moving to the next module. The content in the following module will remain locked until all assignments are turned in for this module. 

Getting Started

1. Review the module introduction and outcomes to gain an understanding of the main topics and expectations.
2. Work through each lesson in this module and complete the Check Your Knowledge activity.  
3. Complete the Module Quiz once all lessons are finished in full.

Module 12 Objectives

After completing this module, you should be able to:

• Identify different ways to earn income, compare the properties of checking and savings accounts, and calculate simple interest loans.
• Explain what good budgeting habits are, identify the different parts of a budget, and create a personal budget.
• Compare the different properties of debit and credit cards, identify how to keep track of credit card spending, and interpret credit scores.
• Explain how interest as an annual percentage rate (APR) works, and be able to calculate compound interest for savings accounts and certificate of deposits.
• Examine different types of debts and loans and identify strategies that can be used to reduce overall debt and improve debt-to-income ratio.