PC 101 Life Skills
Gathering Agenda for Week 08
Interest, Loans, and Savings
Gathering Purposes
• Discuss the BYU-Pathway Worldwide devotional
• Teach one another about avoiding debt and investing in the future
Preparation
• For face-to-face Gatherings, arrive early to setup the room, prepare any visual aids, and greet students as
they arrive.
• For virtual Gatherings, start the meeting early, share your screen with a message welcoming them to the
gathering and letting them know you’ll start soon.
o When the Gathering Agenda asks that students meet in small groups, use Breakout Rooms.
o When the Gathering Agenda asks you to display things on “the board,” you can use the whiteboard.
Min. Activities Teaching Tips
Welcome and Devotional
10 Welcome Welcome, announcements, and housekeeping
Hymn or Please sing one or two verses of a hymn. If you meet with a virtual
Thought, gathering, the lead student or another student should be invited to
Prayer share a brief spiritual thought. A volunteer will then give an
opening prayer.
BYU- Students were asked to watch the BYU-Pathway Worldwide Look up the questions in
Pathway devotional this week, as contained in the course. They should have advance so you are
Worldwide done this prior to the gathering. As a class discuss the devotional ready.
Devotional using the discussion questions provided in the course.
Math Gathering Activity
10 Read and This week’s math gathering activity reviews what you learned this
Discuss week about adding fractions with different denominators. It also
reviews simplifying fractions from lesson 8.
While putting together your budget you notice that your mortgage
1
accounts for of your total income and your utilities typically
5
1
account of your total income. What fraction of your total
for 20
income is your mortgage and utilities?
Answer:
1 1 4 1 5
5
+ 20 = 20 + 20 = 20
5 1
20
can be simplified to 4
1
, 5 5 𝑥𝑥 1 5 1 1 1
( 20 = 5 𝑥𝑥 4 = 5 x 4
=1 x 4
= 4
)
5 1
It may be helpful to draw a picture in order to see that = .
20 4
5 1
Conclusion: Mortgage and utilities account for = of the total
20 4
Income.
Hook/Introduction
10 Discuss Read: This week was a big week in terms of lesson material. You
learned about avoiding and eliminating debt as well as the
importance of avoiding hardship and saving and investing in the
future.
You also learned that a great deal of your success in all your
financial endeavors will match your willingness to sacrifice and
make changes to the way you are currently approaching your
finances.
In Elder Hales’ video message, you watched earlier this week, he
references the “natural man.” He depicts “natural man” tendencies
within the framework of financial stewardship when he says:
When faced with the choice to buy, consume, or engage in worldly
things and activities, we all need to learn to say to one another,
“We can’t afford it, even though we want it!” or “We can afford it,
but we don’t need it—and we really don’t even want it!”
Whenever we want to experience or possess something that will
impact us and our resources, we may want to ask ourselves, “Is the
benefit temporary, or will it have eternal value and significance?”
Truthfully answering these questions may help us avoid excessive
debt and other addictive behavior.
In seeking to overcome debt and addictive behaviors, we should
remember that addiction is the craving of the natural man, and it
can never be satisfied. It is an insatiable appetite. When we are
addicted, we seek those worldly possessions or physical pleasures
that seem to entice us. But as children of God, our deepest hunger
and what we should be seeking is what the Lord alone can
provide—His love, His sense of worth, His security, His confidence,
His hope in the future, and assurance of His love, which brings us
eternal joy.
Questions for the Class:
• How does Elder Hales describe the “natural man” in this
scenario?
2
Gathering Agenda for Week 08
Interest, Loans, and Savings
Gathering Purposes
• Discuss the BYU-Pathway Worldwide devotional
• Teach one another about avoiding debt and investing in the future
Preparation
• For face-to-face Gatherings, arrive early to setup the room, prepare any visual aids, and greet students as
they arrive.
• For virtual Gatherings, start the meeting early, share your screen with a message welcoming them to the
gathering and letting them know you’ll start soon.
o When the Gathering Agenda asks that students meet in small groups, use Breakout Rooms.
o When the Gathering Agenda asks you to display things on “the board,” you can use the whiteboard.
Min. Activities Teaching Tips
Welcome and Devotional
10 Welcome Welcome, announcements, and housekeeping
Hymn or Please sing one or two verses of a hymn. If you meet with a virtual
Thought, gathering, the lead student or another student should be invited to
Prayer share a brief spiritual thought. A volunteer will then give an
opening prayer.
BYU- Students were asked to watch the BYU-Pathway Worldwide Look up the questions in
Pathway devotional this week, as contained in the course. They should have advance so you are
Worldwide done this prior to the gathering. As a class discuss the devotional ready.
Devotional using the discussion questions provided in the course.
Math Gathering Activity
10 Read and This week’s math gathering activity reviews what you learned this
Discuss week about adding fractions with different denominators. It also
reviews simplifying fractions from lesson 8.
While putting together your budget you notice that your mortgage
1
accounts for of your total income and your utilities typically
5
1
account of your total income. What fraction of your total
for 20
income is your mortgage and utilities?
Answer:
1 1 4 1 5
5
+ 20 = 20 + 20 = 20
5 1
20
can be simplified to 4
1
, 5 5 𝑥𝑥 1 5 1 1 1
( 20 = 5 𝑥𝑥 4 = 5 x 4
=1 x 4
= 4
)
5 1
It may be helpful to draw a picture in order to see that = .
20 4
5 1
Conclusion: Mortgage and utilities account for = of the total
20 4
Income.
Hook/Introduction
10 Discuss Read: This week was a big week in terms of lesson material. You
learned about avoiding and eliminating debt as well as the
importance of avoiding hardship and saving and investing in the
future.
You also learned that a great deal of your success in all your
financial endeavors will match your willingness to sacrifice and
make changes to the way you are currently approaching your
finances.
In Elder Hales’ video message, you watched earlier this week, he
references the “natural man.” He depicts “natural man” tendencies
within the framework of financial stewardship when he says:
When faced with the choice to buy, consume, or engage in worldly
things and activities, we all need to learn to say to one another,
“We can’t afford it, even though we want it!” or “We can afford it,
but we don’t need it—and we really don’t even want it!”
Whenever we want to experience or possess something that will
impact us and our resources, we may want to ask ourselves, “Is the
benefit temporary, or will it have eternal value and significance?”
Truthfully answering these questions may help us avoid excessive
debt and other addictive behavior.
In seeking to overcome debt and addictive behaviors, we should
remember that addiction is the craving of the natural man, and it
can never be satisfied. It is an insatiable appetite. When we are
addicted, we seek those worldly possessions or physical pleasures
that seem to entice us. But as children of God, our deepest hunger
and what we should be seeking is what the Lord alone can
provide—His love, His sense of worth, His security, His confidence,
His hope in the future, and assurance of His love, which brings us
eternal joy.
Questions for the Class:
• How does Elder Hales describe the “natural man” in this
scenario?
2
