Reference no: EM133166323

Goal:

Your task is to educate your child about personal finance.

Role:

You are a parent of an 18 year old son who recently received his first paycheck.

Audience:

Your audience is your child.

Situation:

Your child was recently hired as a clerk at a local grocery store and experienced their first payday. He has come to you for advice on managing his finances.

Product:

Make a lesson of you providing him advice on how to manage his personal finances. 

Standards for Success:

Your lesson must include:

• A description of various ways to save and a recommendation from you on where, how and why your son should save.
• A description of how to keep good financial records and perform banking transactions such as witting a check, depositing, and reconciling a bank account.
• A description of various ways to perform financial transactions electronically.
• A description of the advantages and disadvantages of credit. Include information on creditworthiness and credit score.
• A description of how to make a budget.