- Количество слайдов: 38
Welcome to Volunteer Training Please sign the back of your Volunteer Registration Form
Volunteer Role • Provide guidance to students • Facilitate activities • Monitor student progress • Collect necessary materials at end of day (Calculators!!)
Daily Schedule MEETING
THE TRUTH REVEALED (45 Minutes)
Student Portfolio Make sure students place Name and Account # on Portfolio
VOLUNTEERS: 4 TASKS n GIVE DEBIT CARD TO CORRECT STUDENT n READ LUCKY CHANCE (ADDITIONAL INCOME) n CHECK THE 2 ND PAGE ( Net Monthly Income) FOR CORRECT NMI n LET THE STUDENTS CHECK THEIR BUDGET & REGISTER; COLUMNS 1&2 ONLY
Life Situation Account# 102 PIN 5678 Ages of Children: 5, 8 Business: Key Bank Gross Annual Income: $59, 088 SS Tax: $148 Age: 29 Married: No Group: 2 Fed Tax: $246 Med Tax: $98 These cards are sitting in your businesses. The students already know what their place of business will be for the day. Solarity Credit Union
MOST IMPORTANT STEP First Last Business Account PIN Lunch Jennifer E Mejia Key Bank –Group 1 97 8274 B Kinsey Nicole Miller Key Bank –Group 1 98 2134 B Bogdan Petrovch Mosiychuk Key Bank –Group 1 99 1987 B Kristina Marie Nelson Key Bank –Group 1 100 1964 B Cadence Brienne Nickerson Key Bank –Group 1 101 2579 B Emily Rose Ouellette Key Bank –Group 1 102 9641 B Solarity Credit Union Account# 102 PIN 5678 Age: 29 Ages of Children: 5, 8 Married: No Business: Key Bank Group: 2 Gross Annual Income: $59, 088 Fed Tax: $246 SS Tax: $148 Med Tax: $98
1 ST STEP Students must sign in to receive credit
2 ND Step: FIGURE NET MONTHLY INCOME Gross Annual Income (GAI) From the life situation sticker 31, 164 GAI divided by 12 months 2, 597 130 78 52 260 2, 337 Taxes from the back of debit card Total taxes Monthly income minus total taxes
Correct NMI $2, 337 CLZ Volunteer Initials
NMI 421 561 70 $2, 337 164 23 117 STUDENTS will complete Columns 1& 2 (minimums and maximums)
NMI Maximums Minimums 421 561 70 $2, 337 164 23 117 Students will self-correct (ONLY 10 DIFFERENT NMI’S: You have all of the answer keys in your volunteer binder)
ALL ANSWERS ARE ROUNDED TO THE NEAREST DOLLAR
The Truth Revealedreview n n n n How do students get their life situation? ((account #)) What do the students need to do on the computer? How do the students know what lunch they attend? Does everyone get a Lucky Chance? Are the Unexpected Expenses/ Student Loans passed out now? What is Net Monthly Income (NMI)? ANSWER KEY Who corrects the worksheet? ANSWER KEY Questions about the Truth Revealed?
THE BIG SEARCH 60 minutes
Pick up preprinted Bills from areas in this column Check Marks the SPOT! Bills are printed from computer stations
‘THE BIG SEARCH’ – FINAL STEP Students MUST put bills in order from line 2, to line 18.
Stock Price Changes Stock Prices Change 3 Times The Big Search - Opening The Budget Puzzle - Midday The Final Commitment Closing
Investment Report • Print your investment report in RBC Dain Rauscher Investing. Record the opening price of each share. • Multiply the price per share by the amount of shares you own. • Add the total value to determine your portfolio value. Total portfolio value l l l
• Bills Can be collected in any order • Stocks Remind students to record Opening stock prices. ( if they miss opening or midday prices please read them their stock prices – answer key) • Decisions on actual budget worksheet will be done later (Students should not work on the budget & register worksheet) • Lunch Students will eat in the restaurant during this time according to their assigned group (A, B or C) – this information is on your excel spreadsheet.
The Big Search- review n n n What are students doing during the Big Search? What do the volunteers do during the Big Search? Bills: Pre-printed vs. Computer Printed (left vs. right) Do students make any buying decisions during the big search? Where/when do students eat lunch? Volunteers? What must students remember to go record? Questions about the Big Search?
THE BUDGET PUZZLE
443205 Calculating insurance payment 102. 00 46. 00 148. 00 1 Write this amount onto your budget worksheet.
Step 3 - Budget decisions - check points #11 Yakima Regional At this point add up all your budget decisions. They should not total more than approximately 62% of your NMI. Write down this total. #19 Unlucky or Student Loan Total the rest of your budget decisions(#12 -#19). Write this total down.
Step 3 - Budget decisions -check points Total A The sum of (#2 through #11) Not more than approximately 62% Total B The sum of (#12 through #19) Total A + Total B NMI Volunteer checks work and lets student proceed to payment phase.
Savings Finance Park Challenge: Save 10% of your Net Monthly Income (NMI)
Budget Puzzle- review n n n Who gets an Unexpected Expense or Student Loan? Why is it important that students put their bill sheets in order before making decisions? What can volunteers do to help during Budget Puzzle? How much money should students have left after they have made all their decisions? Students should also be sure to record and calculate MIDDAY STOCKS from the ticker. Questions about the Budget Puzzle?
THE FINAL COMMITMENT (Pay the bills)
…after they have balanced their budget…. Fiesta Foods Groceries Each student must go to the different business to pay their bills.
CHECK OUT at Checkout Kiosk n Once the students have paid all their bills at each business, they will bring their folder to me at the Checkout Kiosk. n I will check their work against the computer and give them final approval to move on to the budget register to check their work.
Checking with the register 3, 468 650 - 2, 818 75 - 2, 743 - 120 2, 623 You are working in the shaded areas Subtract each entry from the previous balance on the shaded line. The final balance must be $0.
The Final Commitmentreview n n n What are students doing during this time? Which worksheets must be completed before students start to pay their bills? Budget & Register Where is the unlucky or student loan bill paid? Which stock prices should the student be recording at this time? Where do students ‘check out’? What do students do once they have ‘checked out’ ?
Closing Activities Have students clean up their business; unwanted paper is recycled, chairs stacked/organized n Turn in calculators to basket !!! n Complete evaluation form (blue) n Return nametag n