KEY TERMS

ESG CURRICULUM RTSWS Session 2

Welcome to RTSWS Session #3!

• Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and leader you look up to

RTSWS COHORT NORMS

Let’s review our RTSWS cohort norms. These are the expectations for our RTSWS sessions that we set during session #1.

Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and towards the materials we use.

• Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude.

• Be kind and encourage one another - we are all in this together!

• Ask questions, share your opinions and let the volunteers know when you do not understand something.

LET’S GET STARTED!

Today’s Guiding Questions:

How can both checking accounts and savings accounts affect your financial planning and management of your financial goals? What are the similarities and differences between a stock and a bond?

SESSION #3 AGENDA:

1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. Checking Accounts, Savings Accounts and Bonds 6. Stock Market Review 7. Project Work Time: Financial Planning for Janella 8. Whole Group Reflection 9. Reminders for Next Session

What did the overworked asset say to the other asset? I feel so under depreciated

Think About It!

Do people still hide their money under their mattress? Have you ever seen a movie or a cartoon where someone hides their money under their mattress? Or maybe you’ve heard your grandparents say they used to do this?

Hiding money under the mattress stemmed from the Great Depression era when safes were not affordable and there was a deep distrust of financial institutions across the world. People trusted themselves and their homes to keep their money safe more than they trusted the bank.

While it is a good idea to keep some cash for an emergency, keeping money at home leaves a tremendous risk for theft or loss due to fire or another unexpected disaster. Need an example?! In 2009, one woman replaced her mother’s old mattress, and later learned that it is where she hid her life savings of (estimated $1 million). Here’s another… a man in Moline, Illinois, accidentally donated a suit which had $13,000 in a pocket.

Hiding cash is not secure and inflation causes spare cash to lose its value over time.