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 – What is a Stock? Lesson – What is an ETF? Lesson – What is a Mutual Fund? Lesson – What are Bonds Lesson – What are Annuities Lesson – Investing Strategies Lesson – Preparing for 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 – Budgeting Lesson – Pay Yourself First Lesson – Career Development Lesson – Building Wealth Lesson – Preparing for Retirement | |||||
| 57.02 Explain basic steps in the financial planning process. |
Budget Game – Core Component Lesson – Budgeting Lesson – Pay Yourself First | |||||
| 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 – Use the Saving to be a Millionaire Calculator Activity – Use the Compound Interest Calculator Lesson – Family Planning Lesson – Preparing for 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 – When to Hire a Tax Professional | |||||
| 58.02 Develop a set of criteria for evaluating a planner’s credentials. |
Lesson – Certifications in the Finance Industry Lesson – When to Hire 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 – Budgeting Lesson – Spending and Savings Plans Lesson – Investing Strategies Lesson – Building a Diversified Portfolio 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 – Researching Spending Lesson – How to Choose and Compare Stocks 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 – What is an Income Statement? Lesson – What is a Balance Sheet? | |||||
| 59.04 Explain how a planner analyzes financial data using the components of a financial plan. |
Lesson – Debt Management Services Lesson – When to Hire a Tax Professional Lesson – What are Financial Records? | |||||
| 59.05 Identify key terms, concepts, and industry trends for creating a financial plan. |
Budget Game – Core Component Lesson – Financial Reporting and Terms Lesson – Budgeting Lesson – Budgeting and Spending Strategies 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 – What are Financial Records? Lesson – Pay Yourself First Lesson – Managing Debt Lesson – Car Insurance Lesson – Health Insurance Lesson – Rental Insurance Lesson – Life Insurance Lesson – Building Wealth Lesson – Simple and Living Wills | |||||
| 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 – Financial Records and Receipts Lesson – What is an Income Statement? Lesson – What is a Balance Sheet? Lesson – What Is A Cash Flow Statement | |||||
| 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 – Good Debt, Bad Debt Lesson – Using Credit Lesson – Preparing for Retirement Lesson – Managing Debt Lesson – Life Insurance Lesson – Budgeting and Spending Strategies | |||||
| 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 Lesson – Health Insurance Lesson – Workplace Benefits Lesson – Income and Compensation Lesson – Employer and Employee Rights and Responsibilities Lesson – Disability Insurance Lesson – Rental Insurance Lesson – Home Owner’s Insurance | |||||
| 60.02 List the most common insurance products available to consumers. |
Lesson – Life Insurance Lesson – Health Insurance Lesson – Workplace Benefits Lesson – Disability Insurance Lesson – Rental Insurance Lesson – Home Owner’s Insurance | |||||
| 60.03 Explain the purposes of various insurance products in wealth and retirement planning, including property, disability, medical, and life (whole & term) insurances. |
Lesson – Preparing for Retirement Lesson – Disability Insurance Lesson – Life Insurance Lesson – Health Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations | |||||
| 60.04 Explain the major insurance-related concept of risk sharing. |
Lesson – Health Insurance Lesson – Disability Insurance | |||||
| 60.05 Identify key terms, concepts, and industry trends for Property & Casualty and Life Insurance. |
Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations Lesson – Life Insurance Lesson – Disability Insurance | |||||
| 60.06 Develop a list of criteria for determining the amount of insurance an individual needs. |
Lesson – Disability Insurance Lesson – Life Insurance Lesson – Home Owner’s Insurance Lesson – Rental Insurance Lesson – Health Insurance Lesson – Car Insurance | |||||
| 60.07 Determine the amount of auto insurance a person needs. | Lesson – Car Insurance | |||||
| 60.08 Calculate the amount of life insurance a family needs using the needs based approach. |
Lesson – Health Insurance Lesson – Life Insurance | |||||
| 60.09 Explain the difference between an emergency accounts vs. savings. |
Budget Game – Core Component Lesson – Pay Yourself First 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 – Use the Saving to be a Millionaire Calculator Lesson – Preparing for Retirement Lesson – Building Wealth | |||||
| 61.02 Identify and categorize sources of retirement funds (Three Legged Stool). |
Lesson – Building Wealth Lesson – Preparing for Retirement Lesson – What are Annuities? | |||||
| 61.03 Describe the characteristics of various pension plan options. |
Lesson – Workplace Benefits Lesson – Income and Compensation Lesson – Preparing for Retirement | |||||
| 61.04 Describe the role of pensions, company sponsored plans, and individual plans. |
Lesson – Workplace Benefits Lesson – Income and Compensation Lesson – Preparing for Retirement Lesson – Life Insurance Lesson – Employer and Employee Rights and Responsibilities | |||||
| 61.05 Identify retirement benefits, key components, and limitations of Social Security. | Lesson – Preparing for Retirement | |||||
| 61.06 Outline personal income tax planning strategies, including the impact of timing” (Pre-tax vs. after-tax). |
Activity – Practice Filing The Form 1040 Lesson – Taxation Overview Lesson – Common Tax Deductions Lesson – Common Tax Additions | |||||
| 61.07 Create a retirement investment plan using IRS approved qualified accounts, social security, and other assets. |
Lesson – Investing Strategies Lesson – Preparing for 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 | |||||
| 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 | |||||
| 62.03 Describe the roll of a financial advisor vs. attorney in estate planning. |
Lesson – Simple & Living Wills Lesson – Life Insurance 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 | |||||
| 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 – Career Development Lesson – Income and Compentation Lesson – Workplace Benefits Lesson – Using Keywords In Your Resume 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 – How To Choose an Internship Lesson – Acing Job Interviews | |||||
| 63.04 Develop an individualized education and career plan related to the financial field. |
Lesson – Career Development 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 – Budgeting Lesson – Preparing for Retirement Lesson – Pay Yourself First Lesson – Family Planning | |||||
| 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 – Career Development Lesson – Building Wealth Lesson – Buying a Car Lesson – Good Debt, Bad Debt Lesson – Mortgages Lesson – Life Insurance Lesson – Financial Records and Receipts Lesson – What are Financial Records? 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 – Use the Investment Return Calculator Lesson – Preparing for Retirement Lesson – What is Wealth? Lesson – Building Wealth Lesson – Building a Diversified Portfolio Lesson – Workplace Benefits | |||||
| 64.04 Calculate emergency funds, debt management, life insurance need, retirement assets requirements. |
Budget Game – Core Component Activity – Use the Saving to be a Millionaire Calculator Lesson – Pay Yourself First Lesson – Managing Debt Lesson – Life Insurance Lesson – Preparing for 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 – Use the Buy vs Lease Calculator Activity – Use the Car Loans Calculator Lesson – Buying a Car Lesson – Car Insurance | |||||
| 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 – Mortgages Lesson – Rental Agreements and Homeowner’s Associations Lesson – Home Owner’s Insurance | |||||
| 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 – Career Development 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 – Banks, Credit Unions, and Savings and Loans Lesson – The Federal Reserve Lesson – What is a Brokerage? 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 – Income and Compensation Lesson – Career Development Lesson – Starting a Business Lesson – What is Entrepreneurship? Lesson – Work vs Study Lesson – Student Loans | |||||
| 66.03 Develop a personal budget and financial goals. |
Budget Game – Core Component Activity – Use the Saving to be a Millionaire Calculator Lesson – Budgeting Lesson – Budgeting and Spending Strategies Lesson – Pay Yourself First Lesson – Career Development Lesson – Building Wealth Lesson – Preparing for Retirement | |||||
| 66.04 Maintain financial records. |
Lesson – Financial Records and Receipts Lesson – Reconciling Accounts Lesson – Managing Bills | |||||
| 66.05 Research, compare and contrast investment opportunities. |
Stock Game – Core Component Activity – Basic Research and Comparing Stocks Activity – Use the Investment Return Calculator Lesson – Investing Strategies Lesson – Building a Diversified Portfolio Lesson – How to Choose and Compare Stocks Lesson – Understanding Price Movements | |||||
| 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 – Getting (and Understanding) Stock Quotes Lesson – Spending and Savings Plans | |||||
| 67.02 Describe reasons for saving, investing, speculating. |
Lesson – Building a Diversified Portfolio Lesson – Pay Yourself First | |||||
| 67.03 Compare and explain risk vs return. |
Stock Game – Core Component Lesson – Investing Strategies 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 – Use the Investment Return Calculator | |||||
| 67.06 Calculate investment returns using a TVM calculator. |
Activity – Use the Investment Return Calculator 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 – Using Keywords In Your Resume | |||||
| 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 |