Comprehension check
Ask students to do the comprehension exercise on page 10 of the student workbook. Discuss the responses with the whole class. Answer any general questions students may have. Explain to them that some details — such as information about interest rates, down payments, closing costs, and qualifying — will be covered in more detail in future lessons.

Managing the classroom
environment: A note on privacy
Review with students the note on page 10 of the student workbook. Stress the fact that they may want to make up salary and income figures to use in the examples. Some students, however, may want to use real data in order to ascertain if they are able to qualify for a home. In this case, you may want to review their work in private. It’s a good idea to ask students’ permission before sharing any work they do.

Talk about it
1. Discuss why a job history is important to a lender. Talk about
what the term “line of work” means. Ask students to describe their own jobs. Have they been in the same line of work for many years? If your students are not working now, ask them briefly about what kind of work they would like to obtain.

2. Ask students to talk about how they keep records of their personal finances. Describe (or demonstrate) some of the tools that are available for record keeping, such as filing systems and financial ledgers.

Extension activity
Bring in copies of typical bills, such as a credit card bill and a bill for a car loan. Show students how to find the total owed and the monthly payment on the bill. Discuss the pros and cons of using credit cards.