Florida (CTE) Personal Finance Student Performance Standards

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 – Getting Started with Bond Investing Lesson – Is an Annuity Right for You? 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 – 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 – A Strategy to Build Wealth, Not Debt Lesson – The Secret to a Comfortable Retirement
57.02 Explain basic steps in the financial planning process.	Budget Game – Core Component Lesson – 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 – Watch How Your Savings Could Grow Lesson – The Cost of Raising a Family Lesson – The Secret to a Comfortable Retirement Lesson – A Strategy to Build Wealth, Not Debt
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 – Want to Work in Finance? Lesson – Do You Need a Tax Professional?
58.02 Develop a set of criteria for evaluating a planner’s credentials.	Lesson – Want to Work in Finance? Lesson – Do You Need a Tax Professional?
58.03 Describe the skills, education, and training necessary for a career in financial planning.	Lesson – Want to Work in Finance?
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 – Lesson – Break Free From Money Stress with a Budget Lesson – Achieve Financial Goals with a Spending Plan Lesson – How to Develop an Investing Strategy Lesson – What is Diversification and How to Spread Your Risk Lesson – Evaluating Big-Ticket Purchases Lesson – How to Use Debt to Your Advantage
59.02 List and describe financial information needed in the data gathering phase of planning.	Lesson – How to Research and Compare Stocks Watch Video – Investment Research Lesson – How Do You Stop Impulse Purchases? Lesson – How to Choose Stocks Strategically Lesson – Evaluating Big-Ticket 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 – GAAP – Financial Reporting and Terms Lesson – Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending Lesson – Achieve Financial Goals with a Spending Plan
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 – What’s Not Covered in Renter’s Insurance? Lesson – Life Insurance: The Ultimate Safety Net Lesson – A Strategy to Build Wealth, Not Debt 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 – What’s Not Covered in Renter’s 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 – What’s Not Covered in Renter’s 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 – What’s Not Covered in Renter’s 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 – A Strategy to Build Wealth, Not Debt
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 – A Strategy to Build Wealth, Not Debt
61.02 Identify and categorize sources of retirement funds (Three Legged Stool).	Lesson – A Strategy to Build Wealth, Not Debt Lesson – The Secret to a Comfortable Retirement Lesson – Is an Annuity Right for You?
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).	Activity – 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 – A Strategy to Build Wealth, Not Debt
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 – Who Gets Your Stuff When You’re Gone? 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 – Who Gets Your Stuff When You’re Gone? Lesson – Life Insurance: The Ultimate Safety Net
62.03 Describe the roll of a financial advisor vs. attorney in estate planning.	Lesson – Who Gets Your Stuff When You’re Gone? Lesson – Life Insurance: The Ultimate Safety Net Lesson – Do You Need a Tax Professional?
62.04 Create an estate plan for a case study.	Lesson – How To Tell Your Business’s Success Story Lesson – Who Gets Your Stuff When You’re Gone? 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 – Who Gets Your Stuff When You’re Gone?
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 – Is an Annuity Right for You? Lesson – A Simple Explanation of ETFs Lesson – How to Avoid Identity Theft, Scams and Fraud
63.02 Identify sources of information for career planning.	Lesson – Planning Your Career Path Lesson – What’s in Your Compensation Package? 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 – Want to Work in Finance? 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 – Want to Work in Finance?
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 – 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 – A Strategy to Build Wealth, Not Debt 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 – Who Gets Your Stuff When You’re Gone?
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 – A Strategy to Build Wealth, Not Debt Lesson – What is Diversification and 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 – Calculate Your Car Loan Payments 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 – Find Out Your Monthly Home Budget 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 – What’s Your Leadership Style?
65.02 Establish and maintain effective working relationships with others in order to accomplish objectives and tasks.	Lesson – Centralized and Decentralized Management Explained Lesson – How to Plan for Business Success
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 – Why You Should Care About the Fed 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 Lesson – What is Entrepreneurship? Lesson – Go to College or Start Working? 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 – 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 – A Strategy to Build Wealth, Not Debt 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 Lesson – How to Research and Compare Stocks Activity – Model Your Financial Future Lesson – How to Develop an Investing Strategy Lesson – What is Diversification and 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 – Achieve Financial Goals with a Spending Plan
67.02 Describe reasons for saving, investing, speculating.	Lesson – What is Diversification and 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 – Knowing Your Risks and Risk Tolerance Lesson – A Strategy to Build Wealth, Not Debt
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 – 8 Techniques to Increase Your Sales Lesson – How To Launch Your Career in Accounting Lesson – Why Accounting Rules Matter Lesson – 5 Ways to Assess Business Risk

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