Florida (CTE) Personal Finance Course
We have recently aligned our interactive games and lessons to the Career and Technical Education (CTE) course that will be used to meet the personal financial literacy requirement for the state of Florida. This course (#8815120) is from the finance curriculum framework that was published for 2023-24. Students will learn about the opportunities in financial services, as well as about financial products, banking, investing, and financial planning.
Activity Type Key:
Articles
Videos
Interactive Calculators
Comprehensive Tools
Includes Built-In Assessment
| Standard | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
| 56.0 Identify key terms/concepts/trends. The student will be able to: | ||||||
| 56.01 Explain the characteristics of various investment vehicles, including mutual funds, 401Ks, IRAs, 403(b) |
Stock Game – Core Component Lesson – A Beginner’s Guide to Investing in Stocks Lesson – A Simple Explanation of ETFs Lesson – The Pros and Cons of Mutual Funds Lesson – What are Bonds Lesson – What are Annuities Lesson – How to Develop an Investing Strategy Lesson – The Secret to a Comfortable Retirement | |||||
| 57.0 Identify and apply the processes used in personal financial planning. The student will be able to: | ||||||
| 57.01 Discuss the importance of financial planning to an individual’s overall well-being. |
Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Planning Your Career Path Lesson – Building Wealth Lesson – The Secret to a Comfortable Retirement | |||||
| 57.02 Explain basic steps in the financial planning process. |
Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth | |||||
| 57.03 Evaluate a hypothetical situation from a financial planning point of view. | Budget Game – Core Component | |||||
| 57.04 Summarize the extent to which financial planning would benefit people of different financial circumstances. |
Budget Game – Core Component Activity – Crack the Code to Becoming a Millionaire Activity – Use the Compound Interest Calculator Lesson – The Cost of Raising a Family Lesson – The Secret to a Comfortable Retirement Lesson – Building Wealth | |||||
| 58.0 Describe the role of a financial planner. The student will be able to: | ||||||
| 58.01 Define abbreviations associated with degrees granted by various financial institutions and industries. |
Lesson – Certifications in the Finance Industry Lesson – Do You Need a Tax Professional? | |||||
| 58.02 Develop a set of criteria for evaluating a planner’s credentials. |
Lesson – Certifications in the Finance Industry Lesson – Do You Need a Tax Professional? | |||||
| 58.03 Describe the skills, education, and training necessary for a career in financial planning. | Lesson – Certifications in the Finance Industry | |||||
| 59.0 Outline the components of a financial plan. The student will be able to: | ||||||
| 59.01 Explain the importance of goals during the various phases of financial planning. |
Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – Spending and Savings Plans Lesson – How to Develop an Investing Strategy Lesson – What is Diversification & How to Spread Your Risk Lesson – Planning Long-Term Purchases Lesson – Cood Debt, Bad Debt | |||||
| 59.02 List and describe financial information needed in the data gathering phase of planning. |
Activity – Basic Research and Comparing Stocks Watch Video – Investment Research Lesson – How Do You Stop Impulse Purchases? Lesson – How to Choose Stocks Strategically Lesson – Planning Long-Term Purchases | |||||
| 59.03 Explain significance of an income statement and balance sheet for financial planning. |
Investing 101 – Chapter 06 (Fundamental Analysis: Understanding Earnings and Cash Flow) Lesson – How to Read an Income Statement Lesson – How to Read a Balance Sheet | |||||
| 59.04 Explain how a planner analyzes financial data using the components of a financial plan. |
Lesson – Getting Help With Debt Repayment Lesson – Do You Need a Tax Professional? Lesson – Tame Your Financial Paperwork | |||||
| 59.05 Identify key terms, concepts, and industry trends for creating a financial plan. |
Budget Game – Core Component Lesson – Financial Reporting and Terms Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending Lesson – Spending and Savings Plans | |||||
| 59.06 List & describe common components of a financial plan (financial statements, emergency fund, debt management, insurance, housing, retirement & wealth building, estate planning). |
Budget Game – Core Component Lesson – Tame Your Financial Paperwork Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – How Borrowers Manage Personal Debt Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Rental Insurance Lesson – Life Insurance: The Ultimate Safety Net Lesson – Building Wealth Lesson – Who Gets Your Stuff When You’re Gone? | |||||
| 59.07 Prepare & analyze financial statements. |
Stock Game – Core Component Investing 101 – Chapter 06 (Fundamental Analysis: Understanding Earnings and Cash Flow) Lesson – Creating Financial Statements Lesson – Receipts: What to Keep and Why Lesson – How to Read an Income Statement Lesson – How to Read a Balance Sheet Lesson – The Cash Flow Statement Explained | |||||
| 59.08 Calculate emergency funds, debt management, life insurance needs, retirement assets requirements, and make recommendations to improve current financial plan. |
Budget Game – Core Component Lesson – Watch Video – Investment Research Lesson – How to Use Debt to Your Advantage Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – The Secret to a Comfortable Retirement Lesson – How Borrowers Manage Personal Debt Lesson – Life Insurance: The Ultimate Safety Net Lesson – Proven Techniques to Stop Overspending | |||||
| 60.0 Define the concept of risk management and insurance products. The student will be able to: | ||||||
| 60.01 List common insurance products (Life, Health, Employee Benefits, Auto, Property, Business, Others). |
Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive Lesson – What Benefits to Look for in a Job Offer Lesson – What’s in Your Compensation Package? Lesson – The Ultimate Employee Guide Lesson – Don’t Let Disability Derail Your Finances Lesson – Rental Insurance Lesson – What Damage Does Home Insurance Cover? | |||||
| 60.02 List the most common insurance products available to consumers. |
Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive Lesson – What Benefits to Look for in a Job Offer Lesson – Don’t Let Disability Derail Your Finances Lesson – Rental Insurance Lesson – What Damage Does Home Insurance Cover? | |||||
| 60.03 Explain the purposes of various insurance products in wealth and retirement planning, including property, disability, medical, and life (whole & term) insurances. |
Lesson – The Secret to a Comfortable Retirement Lesson – Don’t Let Disability Derail Your Finances Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners | |||||
| 60.04 Explain the major insurance-related concept of risk sharing. |
Lesson – Why Health Insurance is So Expensive Lesson – Don’t Let Disability Derail Your Finances | |||||
| 60.05 Identify key terms, concepts, and industry trends for Property & Casualty and Life Insurance. |
Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners Lesson – Life Insurance: The Ultimate Safety Net Lesson – Don’t Let Disability Derail Your Finances | |||||
| 60.06 Develop a list of criteria for determining the amount of insurance an individual needs. |
Lesson – Don’t Let Disability Derail Your Finances Lesson – Life Insurance: The Ultimate Safety Net Lesson – What Damage Does Home Insurance Cover? Lesson – Rental Insurance Lesson – Why Health Insurance is So Expensive Lesson – Car Insurance: How to Lower Your Rates | |||||
| 60.07 Determine the amount of auto insurance a person needs. | Lesson – Car Insurance: How to Lower Your Rates | |||||
| 60.08 Calculate the amount of life insurance a family needs using the needs based approach. |
Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net | |||||
| 60.09 Explain the difference between an emergency accounts vs. savings. |
Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Building Wealth | |||||
| 61.0 Identify retirement planning strategies and industry trends. The student will be able to: | ||||||
| 61.01 Identify key terms and concepts for retirement planning. |
Activity – Crack the Code to Becoming a Millionaire Lesson – The Secret to a Comfortable Retirement Lesson – Building Wealth | |||||
| 61.02 Identify and categorize sources of retirement funds (Three Legged Stool). |
Lesson – Building Wealth Lesson – The Secret to a Comfortable Retirement Lesson – What are Annuities? | |||||
| 61.03 Describe the characteristics of various pension plan options. |
Lesson – What Benefits to Look for in a Job Offer Lesson – What’s in Your Compensation Package? Lesson – The Secret to a Comfortable Retirement | |||||
| 61.04 Describe the role of pensions, company sponsored plans, and individual plans. |
Lesson – What Benefits to Look for in a Job Offer Lesson – What’s in Your Compensation Package? Lesson – The Secret to a Comfortable Retirement Lesson – Life Insurance: The Ultimate Safety Net Lesson – The Ultimate Employee Guide | |||||
| 61.05 Identify retirement benefits, key components, and limitations of Social Security. | Lesson – The Secret to a Comfortable Retirement | |||||
| 61.06 Outline personal income tax planning strategies, including the impact of timing” (Pre-tax vs. after-tax). |
Lesson – Get Practice Filing a Sample 1040 Tax Return Lesson – Tax Basics You Need to Know Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe | |||||
| 61.07 Create a retirement investment plan using IRS approved qualified accounts, social security, and other assets. |
Lesson – How to Develop an Investing Strategy Lesson – The Secret to a Comfortable Retirement Lesson – What is Wealth? Lesson – Building Wealth | |||||
| 62.0 Identify estate planning strategies. The student will be able to: | ||||||
| 62.01 Define key terms and concepts and industry trends relating to estate planning. |
Lesson – Simple & Living Wills Lesson – Life Insurance: The Ultimate Safety Net | |||||
| 62.02 List & describe major components of an estate planning (wills, living wills, health care directives, power of attorney, child care instructions, trusts, life insurance)” of an individual estate plan. |
Lesson – Simple & Living Wills Lesson – Life Insurance: The Ultimate Safety Net | |||||
| 62.03 Describe the roll of a financial advisor vs. attorney in estate planning. |
Lesson – Simple & Living Wills Lesson – Life Insurance: The Ultimate Safety Net Lesson – When to hire a tax professional | |||||
| 62.04 Create an estate plan for a case study. |
Lesson – Building a Case Study Lesson – Simple & Living Wills Lesson – Life Insurance: The Ultimate Safety Net | |||||
| 62.05 Identify the major provisions of a will and explain why the drafting of a will is vital to estate planning. | Lesson – Simple & Living Wills | |||||
| 63.0 Select a financial industry career for research. The student will be able to: | ||||||
| 63.01 Identify current trends that have developed in the financial field. |
Investing 101 – Chapter 08 (Current Hot Topics In Trading) Lesson – What is Money? Lesson – What are Annuities? Lesson – What are ETFs? Lesson – Protecting Against Fraud | |||||
| 63.02 Identify sources of information for career planning. |
Lesson – Planning Your Career Path Lesson – Income and Compentation Lesson – What Benefits to Look for in a Job Offer Lesson – How to Get Past Resume Software Lesson – Biggest Mistakes of Job Seekers | |||||
| 63.03 Conduct in-depth career research including requirements for entry and advancement, career ladders, and opportunities related to the finance field. |
Lesson – Certifications in the Finance Industry Lesson – Are Internships Worth It? Lesson – Acing Job Interviews | |||||
| 63.04 Develop an individualized education and career plan related to the financial field. |
Lesson – Planning Your Career Path Lesson – Certifications in the Finance Industry | |||||
| 64.0 Generate a comprehensive financial plan. The student will be able to: | ||||||
| 64.01 Identify key terms, concepts, and industry trends for creating a financial plan. |
Budget Game – Core Component Stock Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – The Secret to a Comfortable Retirement Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – The Cost of Raising a Family | |||||
| 64.02 List & describe common components of a financial plan (financial statements, emergency fund, debt management, insurance, housing, retirement & wealth building, estate planning). |
Budget Game – Core Component Lesson – Planning Your Career Path Lesson – Building Wealth Lesson – The Car Buying Checklist Lesson – How to Use Debt to Your Advantage Lesson – Mortgage Options for First-Time Homebuyers Lesson – Life Insurance: The Ultimate Safety Net Lesson – Receipts: What to Keep and Why Lesson – Tame Your Financial Paperwork Lesson – Simple & Living Wills | |||||
| 64.03 Actively practice the key services provided by financial planners including savings/investing, and retirement planning. |
Budget Game – Core Component Stock Game – Core Component Activity – Model Your Financial Future Lesson – The Secret to a Comfortable Retirement Lesson – What is Wealth? Lesson – Building Wealth Lesson – What is Diversification & How to Spread Your Risk Lesson – What Benefits to Look for in a Job Offer | |||||
| 64.04 Calculate emergency funds, debt management, life insurance need, retirement assets requirements. |
Budget Game – Core Component Activity – Crack the Code to Becoming a Millionaire Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – How Borrowers Manage Personal Debt Lesson – Life Insurance: The Ultimate Safety Net Lesson – The Secret to a Comfortable Retirement | |||||
| 64.05 Develop a personal financial plan for the purchase of an automobile including purchase price, interest, tax, down payment, dealers’ fees, auto tag, auto insurance, etc. |
Activity – Rent or Buy: Which is Right for You? Activity – Use the Car Loans Calculator Lesson – The Car Buying Checklist Lesson – Car Insurance: How to Lower Your Rates | |||||
| 64.06 Develop a personal financial plan for the purchase of a home including mortgage, interest rates, closing costs, pre-paid, homeowners insurance, etc. |
Activity – Use the Home Budgeting Calculator Lesson – Mortgage Options for First-Time Homebuyers Lesson – Rules for Renters & Homeowners Lesson – What Damage Does Home Insurance Cover? | |||||
| 64.07 Prepare and present a comprehensive financial plan based on a given set of circumstances and needs. | Budget Game – Core Component | |||||
| 65.0 Demonstrate leadership and teamwork skills needed to accomplish team goals and objectives. The students will be able to: | ||||||
| 65.01 Employ leadership skills to accomplish organizational goals and objectives. | Lesson – Leading vs Directing | |||||
| 65.02 Establish and maintain effective working relationships with others in order to accomplish objectives and tasks. |
Lesson – Centralized and Decentralized Management Explained Lesson – Importance of Planning and Vision | |||||
| 65.03 Conduct and participate in meetings to accomplish work tasks. | N/A | |||||
| 65.04 Use mentoring skills to inspire and teach others. | N/A | |||||
| 65.05 Discuss the importance of participating in a business-related career and technical student organization, such as BPA, DECA, FBLA, etc. |
Lesson – Planning Your Career Path Lesson – Biggest Mistakes of Job Seekers | |||||
| 66.0 Demonstrate personal money-management concepts, procedures, and strategies. The students will be able to: | ||||||
| 66.01 Identify and describe the services and legal responsibilities of financial institutions. |
Lesson – Choosing the Best Banking Option for You Lesson – The Federal Reserve Lesson – Finding the Right Brokerage Account Lesson – What is the New York Stock Exchange? | |||||
| 66.02 Describe the effect of money management on personal and career goals. |
Budget Game – Core Component Lesson – What’s in Your Compensation Package? Lesson – Planning Your Career Path Lesson – Starting a Business 101 101 Lesson – What is Entrepreneurship? Lesson – Work vs Study Lesson – Financing Your Education | |||||
| 66.03 Develop a personal budget and financial goals. |
Budget Game – Core Component Activity – Crack the Code to Becoming a Millionaire Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Planning Your Career Path Lesson – Building Wealth Lesson – The Secret to a Comfortable Retirement | |||||
| 66.04 Maintain financial records. |
Lesson – Receipts: What to Keep and Why Lesson – Balance Your Books in 10-Minutes Lesson – The Art of Juggling Many Bills in a Pinch | |||||
| 66.05 Research, compare and contrast investment opportunities. |
Stock Game – Core Component Activity – Basic Research and Comparing Stocks Activity – Model Your Financial Future Lesson – How to Develop an Investing Strategy Lesson – What is Diversification & How to Spread Your Risk Lesson – How to Choose Stocks Strategically Lesson – Decoding What Moves The Market | |||||
| 67.0 Demonstrate a working knowledge of the role savings, investing and speculating play in financial planning. The students will be able to: | ||||||
| 67.01 Identify key terms, concepts, and industry trends for Saving, investing, and speculating. |
Budget Game – Core Component Stock Game – Core Component Investing 101 – Chapter 08 (Current Hot Topics In Trading) Lesson – How to Read a Stock Quote like a Pro Lesson – Spending and Savings Plans | |||||
| 67.02 Describe reasons for saving, investing, speculating. |
Lesson – What is Diversification & How to Spread Your Risk Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth | |||||
| 67.03 Compare and explain risk vs return. |
Stock Game – Core Component Lesson – How to Develop an Investing Strategy Lesson – Risk Lesson – Building Wealth | |||||
| 67.04 Compare saving vs investing vs speculating. |
Stock Game – Core Component Budget Game – Core Component | |||||
| 67.05 Calculate investment returns using rule of 72 for 3%, 6%, 12%. | Activity – Model Your Financial Future | |||||
| 67.06 Calculate investment returns using a TVM calculator. |
Activity – Model Your Financial Future Lesson – Time Value of Money | |||||
| 67.07 Manage a hypothetical portfolio to track against the stock market. |
Stock Game – Core Component Investing 101 – Chapter 04 (Building Your $100,000 Portfolio) | |||||
| 68.0 Exhibit successful finance career skills. The student will be able to: | ||||||
| 68.01 Build and maintain a portfolio reflecting experiences and skills gained during the course of study. | Lesson – How to Get Past Resume Software | |||||
| 68.02 Demonstrate understanding of proper business etiquette related to finance careers. (i.e.: introductions, phone etiquette, dining, networking, marketing, online services and community service). |
Lesson – Personal Selling Lesson – Careers in the Accounting Profession Lesson – Understanding the Role of Accountants in Business and Society Lesson – Internal Risk Management |