Purpose of Unit 4

1. To learn the most basic steps homeowners should take to protect and maintain the safety of their home.

2. To be able to understand and use a warranty for a major household appliance.

3. To be able to fill out and use a monthly household budget.

Warm-up
1. Ask students to look at the picture on this page. Use the questions to introduce the topics to be covered in Unit 4.

Reflecting as a group
1. Ask students to think about why it is important for them to be good
financial planners after they become homeowners. What can happen if they don’t make their monthly mortgage payments on time? What kinds of unexpected expenses may come up once they become homeowners?
Point out that Lesson 2 will go over the steps for making a monthly household budget.

2. Together with students, discuss what it means to become a member of a community. Why is it important for neighbors to get to know one another? List some ways neighbors can work together to make their neighborhood a safer and better place to live.