2015 SENIORS NJROTC FINAL EXAM

Purpose: The purpose of this final examination for Senior Cadets is to create a financial planning product that will have relevance to your post high school plan for this upcoming fall. You should be able to use what you learn from this examination during the summer as you plan for the fall.

Pre-Exam Preparation: Spend time prior to the exam analyzing your future financial situation in the fall, consider the below expense factors (feel free to add any more you feel are relevant) and develop (synthesize) your financial plan.

Financial Expenses Factors for Fall 2015

• Living Arrangements
• Living at Home
• Rent
• Food
• Make meals / cook
• Eat Out / Fast Food
• School
• Tuition
• Books
• Room and Board
• Transportation
• Car
• Insurance
• Gas
• Bus / Subway
• Pass
• Phone
• Data Plan
• Other Expenses
• Medical
• Dental
• Prescription
• Income Plan:
• How will you earn money?
• How will you pay for these expenses?

Your Final Exam: Based upon your pre-exam preparation above, you are required to conduct two graded tasks (one written task prior to the exam and one verbal task during the exam):

• Pre-Exam Task: Complete a detailed two to three page Fall 2015 Personal Financial Expense Plan which include each category of expenses (Living Arrangements, Food, School, Transportation, Phone, Other: Medical & Dental) and how you plan on paying for these expenses. Turn this plan in during the exam to the SNSI.
• You need to develop a spreadsheet which lists the expenses and your plan to pay those expenses as well.
• Exam Task: Using your Fall 2015 Personal Financial Expense Plan, and associated spreadsheet to brief the SNSI on your personal financial plan for the fall. Ensure you address not only the specific expenses by category but how you plan on paying for each expense based on your required income.

NOTE: FINALS DATE FOR PERIOD 7 SENIORS IS MONDAY JUNE 8TH!

 

2015 Upperclassmen NJROTC Final Exam

Purpose: The purpose of this final examination for Upperclassmen (9,10,11 graders) Cadets is to create a product that will have relevance to your plans this summer to prepare you for next year both professionally and personally. You should be able to use what you learn from this examination during your summer and to help you attain goals in the future.

Pre-Exam Preparation: Spend time prior to the exam analyzing your summer, consider the below factors (feel free to add any more you feel are relevant) and develop (synthesize) your summer plan.

Summer Tasks:

• Work
• How can you earn money this summer?
• Where, Doing What, Hours, Salary
• Volunteer / Community Service
• Where can you perform community service or volunteer?
• Where, When, For Whom
• Exercise and Health
• President’s Physical Fitness Program
• Other Physical Activity of Your Choice
• Relax / Vacation
• Traveling (with family if possible)
• Stay-cation: Day Trips from home
• Professional Development
• College Prep: Generic College Essay
• Check Out Colleges Online (Which Ones)
• College Tour (Local or while on Vacation)
• SAT / ACT Prep (How, Where?)
• Personal Development
• Family Relationships
• Parents and Guardians
• Siblings (Brothers & Sisters)
• Other Relatives
• Friend Relationships
• Reading (What Books?)
• Select two Books You Want To Read This Summer that will assist in your personal or professional development.

Your Final Exam: Using your pre-exam preparation, you are required to conduct two graded tasks (one written task prior to the exam and one verbal task during the exam):

• Pre-Exam Task: Complete a detailed two to three page 2015 Personal Summer Plan and turn it in at the beginning of the class period during the scheduled exam to the SNSI.
• List and explain all of the specific tasks (Work, Volunteer / Community Service, Exercise and Health, Relax/Vacation, Professional, Personal, Reading) you plan to perform.
• Place all of these specific tasks on a calendar. You will use this calendar during the Exam Task.   
• Exam Task: Using your 2015 Personal Summer Plan, and associated calendar brief the SNSI on your personal plan for the summer. Ensure you address not only the summer tasks but specifically how you plan to accomplish them and when by using the calendar.  

Medal of Honor Recipient Assignment

You need to have two 8 X 11 papers: 

• Head shot photo [preferably color] or an individual picture
• Facts about this Medal of Honor Recipient

8 X 11 papers will be mounted on black construction paper.

Photo page will include Recipient’s photo, name and the Battle where KIA.

Your job is to make that person KIA to come alive through your presentation.

DUE: Friday May 15^th.

PUBLIC SPEAKING: Personal Finance Article Review

Today's Public Speaking Assignment: 

• Take 2 minutes to review the personal finance article you looked at over the weekend. 
• Draft a short one and 1/2 minute speech and feel free to write down some bulletized talking points.
• Standard format: Intro, 3 main points, conclusion. 

PERSONAL FINANCE - "Pay-To-Taxes" Process

CONTEXT IS IMPORTANT!

The "Pay-To-Taxes" Process takes you though the real nuts-and-bolts of determining the amount of taxes taken out of your paycheck, and filing a tax return.

It is important to step back from these details and look at the role your taxes play in the big picture. The following video aims to do just that. 
 
"What happens when a paycheck talks? Don't miss an opportunity to learn where your federal income taxes and payroll taxes go."

PERSONAL FINANCE - Role of Credit

The following videos illustrate some of the topics we covered on the role of credit.

Building credit from scratch

We all want to have "good credit," even though it's not always clear how to get there; especially when you're just getting started. But with some solid first steps and a focus on paying your bills on time, you'll be on your way to building a solid credit score.

What is a good credit score?

What is "good" credit? And who determines your credit score, good or bad? This video will show you who keeps track of your credit scores and some rules of the road when it comes to determining "good" credit.

Credit or debit card? What is the difference?

On the surface, credit and debit seem pretty similar. But there are some important differences you should know to make informed, smart decisions.

NOTE: To find other credit-oriented Bank of America videos on Youtube, search "BOA Credit". Other financial companies have videos also.

Disclaimer: The selected Bank of America videos do not represent any endorsement from NJROTC for Bank of America and its products. Their use is solely for illustrative purposes.

PERSONAL FINANCE - Monthly Budget

The following video gives additional guidance on setting up a budget. The material covered dovetails nicely into the information in your handout.

Setting up a budget is a great way to help keep your finances on track and plan for the future. Check out these easy ways to get started creating a better budget for you and your family.

Disclaimer: The selected Bank of America videos do not represent any endorsement from NJROTC for Bank of America and its products. Their use is solely for illustrative purposes.