Florida's CTE Personal Financial Literacy Curriculum Framework

Florida (CTE) Personal Financial Literacy Course

We have recently aligned our interactive games and lessons to the Career and Technical Education (CTE) course on personal and family financial literacy. Please note that this elective course (#8500120) will no longer meet the graduation requirement for the state of Florida starting next year. However, since this CTE course is the one that most schools will be offering, we wanted to clarify how our learning materials are specifically aligned to it.

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
01.0 Define the role of individuals and families in the American economic system. The student will be able to:
01.01 Identify the importance of financially self-sufficient families to the stability of the American economic system.	Lesson – What is Economic Growth? Lesson – Major Economic Indicators (GDP, CPI, Jobs) Lesson – Why Do Some Jobs Pay More Than Others? Lesson – The Anatomy of Unemployment
01.02 Identify the role and importance of the consumer in the economic system.	Lesson – Protect Yourself as a Consumer Lesson – Benefits of Competition Lesson – The Anatomy of Unemployment Lesson – The Business Cycle Lesson – Analyzing Consumer Behavior
01.03 Define consumer education terminology, including capitalism, resources, economic system, and supply and demand.	Lesson – Protect Yourself as a Consumer Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism Lesson – Supply and Demand Examples in the Stock Market Lesson – Why Is There Scarcity?
01.04 Describe the characteristics of a free enterprise system.	Lesson – Benefits of Competition Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
01.05 Summarize the laws of supply and demand and explain its importance in a free enterprise system.	Lesson – What is Supply? Lesson – What is Demand? Lesson – Supply and Demand Examples in the Stock Market
02.0 Apply the decision making process to personal and family financial choices. The student will be able to:
02.01 Discuss the importance of taking responsibility for personal financial decisions.	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – How to Prepare for Unexpected Expenses Lesson – The Art of Juggling Many Bills in a Pinch
02.02 Explain how personal financial resources affect the choices people make.	Budget Game – Core Component Lesson – How Do You Stop Impulse Purchases? Lesson – Protect Yourself as a Consumer Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Receipts: What to Keep and Why
02.03 Apply a decision-making process to making consumer choices concerning public transportation and vehicle ownership, including leasing versus owning and new versus used.	Activity – Calculate Your Car Loan Payments Activity – Rent or Buy: Which is Right for You? Lesson – The Car Buying Checklist Lesson – Car Insurance: How to Lower Your Rates
02.04 Apply a decision-making process to making consumer choices concerning housing, including renting versus owning.	Activity – Find Out Your Monthly Home Budget Lesson – Mortgage Options for First-Time Homebuyers Lesson – How to Use Debt to Your Advantage Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners
02.05 Describe how shared decision-making regarding income allocation and expenditures works in a family setting.	Lesson – The Cost of Raising a Family
02.06 Explain the interrelationship of time, effort, and money to achieving personal and family goals.	Activity – Watch How Your Savings Could Grow Activity – Crack the Code to Becoming a Millionaire Lesson – Demystifying the Impact of Interest Rates Lesson – Time Value of Money
02.07 Identify the advantages and disadvantages of dual income families.	Lesson – The Cost of Raising a Family Lesson – Planning Your Career Path Lesson – The Secret to a Comfortable Retirement
02.08 Explain discretionary and disposable income and how it affects personal and family spending.	Budget Game – Core Component Lesson – Achieve Financial Goals with a Spending Plan
03.0 Investigate strategies for managing personal and family income. The student will be able to:
03.01 Identify sources of income.	Lesson – What’s in Your Compensation Package?
03.02 Analyze how career choice affects income.	Lesson – Planning Your Career Path Lesson – Go to College or Start Working? Lesson – Starting a Business 101 Lesson – What is Entrepreneurship?
03.03 Analyze how education and technical skills affect income.	Lesson – Planning Your Career Path Lesson – Go to College or Start Working?
03.04 Relate personal income goals and financial goals to life events.	Budget Game – Core Component Lesson – How to Prepare for Unexpected Expenses Lesson – The Art of Juggling Many Bills in a Pinch Lesson – What to Do When You Need Money Fast
03.05 Identify the opportunity cost of various financial decisions, including the costs of time, risk and resources.	Budget Game – Core Component Stock Game – Core Component Activity – Net Present Value (NPV) Calculator Activity – Model Your Financial Future Lesson – What is Opportunity Cost? Lesson – Time Value of Money Lesson – Knowing Your Risks and Risk Tolerance
03.06 Explain the effects of inflation on purchasing power.	Lesson – Inflation Lesson – Demystifying the Impact of Interest Rates
03.07 Compare the advantages and disadvantages of different payment methods.	Lesson – What is Money? Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More Lesson – How Debit Cards Work Lesson – What to Do When You Need Money Fast
03.08 Compare the advantages and disadvantages of various payment methods (i.e. digital and mobile, credit cards, automatic withdrawals, cash, etc.)	Activity – Calculate Your Car Loan Payments Lesson – What is Money? Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More Lesson – How Debit Cards Work Lesson – What to Do When You Need Money Fast
03.09 Compare and contrast cost of living expenses in various locations.	Budget Game – Core Component
04.0 Demonstrate an understanding of services, functions, and products available from the financial industry. The student will be able to:
04.01 Identify rules and regulations of financial institutions pertaining to the consumer (i.e. FDIC, Dodd-Frank Act, etc.).	Lesson – Choosing the Best Banking Option for You Lesson – Protect Yourself as a Consumer Lesson – Why You Should Care About the Fed Lesson – Government Impact on the Economy Lesson – Credit Cards: Terms, Fees, and More Lesson – What Your Credit Report Says About You
04.02 Investigate money management tools (i.e. financial institutions, qualified financial planners, software, digital apps, etc.)	Lesson – Choosing the Best Banking Option for You Lesson – Getting Help With Debt Repayment Lesson – Do You Need a Tax Professional? Lesson – What Is a Tax Audit?
04.03 Demonstrate knowledge of opening and managing bank accounts (checking and savings).	Budget Game – Core Component Lesson – Choosing the Best Banking Option for You Lesson – Balance Your Books in 10-Minutes Lesson – How Debit Cards Work Lesson – Automatic Payments: Convenience vs. Risk
04.04 Balance checking account.	Lesson – Balance Your Books in 10-Minutes
05.0 Evaluate consumer information to make informed buying decisions. The student will be able to:
05.01 Identify state and federal agencies that provide consumer protection.	Lesson – Protect Yourself as a Consumer Lesson – Credit Cards: Terms, Fees, and More Lesson – What Your Credit Report Says About You
05.02 Describe the rights and responsibilities of buyers and sellers under consumer protection laws.	Lesson – Protect Yourself as a Consumer
05.03 Describe the effects of advertising on consumer purchases.	Lesson – Why You Buy What You Buy Lesson – Analyzing Consumer Behavior Lesson – Achieve Financial Goals with a Spending Plan
05.04 Describe the effects of social media on consumer purchases.	Lesson – Achieve Financial Goals with a Spending Plan
05.05 Investigate and evaluate consumer information regarding products and services (i.e. Consumer Reports, Layaway, etc.).	Lesson – Protect Yourself as a Consumer Lesson – How Do You Stop Impulse Purchases?
05.06 Compare different credit plans such as revolving charge, 90 day, installment accounts, and interest free.	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More
05.07 Demonstrate advocacy of personal financial relations with businesses (i.e. contest incorrect billing statements, loss of bank cards, etc.).	Lesson – Receipts: What to Keep and Why Lesson – Balance Your Books in 10-Minutes
05.08 Understand implications of your financial digital footprint (i.e. identify theft, scams, cyber-security, etc.).	Lesson – How to Avoid Identity Theft, Scams and Fraud
06.0 Demonstrate an understanding of the components of personal taxation related to individuals and families. The student will be able to:
06.01 Explain the basic principles of taxation.	Lesson – Tax Basics You Need to Know Lesson – Sales Tax: Who Pays, Collects, and Why?
06.02 List types and sources of taxes at the local, state and federal level.	Lesson – Income Tax Filing Tips and Tricks
06.03 Describe how taxes are used for governmental services.	Lesson – Payroll Best Practices Lesson – Public Financial Assistance Programs
06.04 Identify penalties related to non-payment of income tax.	Lesson – What Is a Tax Audit? Lesson – Uncovering Hidden Income Taxes You Owe
06.05 Explain the difference between gross and net income.	Budget Game – Core Component Activity – Get Practice Filing a Sample 1040 Tax Return Lesson – Income Tax Filing Tips and Tricks
06.06 Identify and complete forms used to file taxes (e.g. 1040A, 1040EZ, 1099, W-2, W-4 and bank statements).	Activity – Get Practice Filing a Sample 1040 Tax Return Lesson – Income Tax Filing Tips and Tricks Lesson – Uncovering Hidden Income Taxes You Owe
06.07 Calculate various taxes (i.e. FICA, SS, Medicare, Federal withholding, sales tax, etc.).	Activity – Get Practice Filing a Sample 1040 Tax Return Lesson – Income Tax Filing Tips and Tricks Lesson – Uncovering Hidden Income Taxes You Owe Lesson – Tax Credits & Deductions You Need to Know Lesson – Sales Tax: Who Pays, Collects, and Why?
07.0 Demonstrate an understanding of the purpose of wills, insurance and contracts. The student will be able to:
07.01 Identify the types of insurance needed by individuals and families.	Lesson – Why Health Insurance is So Expensive Lesson – Car Insurance: How to Lower Your Rates Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Life Insurance: The Ultimate Safety Net Lesson – Don’t Let Disability Derail Your Finances
07.02 Describe how insurance and other risk-management strategies protect against financial loss.	Lesson – Knowing Your Risks and Risk Tolerance Lesson – Don’t Let Disability Derail Your Finances Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover?
07.03 Recognize basic types of leases, service warranties and general sales/credit contracts that offer consumer protection.	Lesson – The 6 Elements of a Binding Contract Lesson – Receipts: What to Keep and Why Lesson – Credit Cards: Terms, Fees, and More
07.04 Identify reasons for making a will and related documents (i.e. Power of Attorney, Living Will, Health Care Surrogate, etc.) and why they are important in a financial plan.	Lesson – Who Gets Your Stuff When You’re Gone?
07.05 Identify strategies to select qualified professionals that provide insurance products, contracts, real estate and wills.	Lesson – Do You Need a Tax Professional? Lesson – Life Insurance: The Ultimate Safety Net Lesson – Who Gets Your Stuff When You’re Gone? Lesson – Mortgage Options for First-Time Homebuyers
07.06 Research the implications of receiving an inheritance.	Lesson – Uncovering Hidden Income Taxes You Owe
08.0 Explain and describe saving and investing. The student will be able to:
08.01 Describe reasons and methods for saving (i.e. emergency fund, pay yourself first, sinking funds, etc.).	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Achieve Financial Goals with a Spending Plan
08.02 Describe reason and methods for investing (i.e. mutual funds, stocks, Roth IRA, etc.).	Stock Game – Core Component Investing 101 – Chapter 01 (Introduction to Investing) Lesson – How to Research and Compare Stocks 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 – What is Diversification and How to Spread Your Risk
08.03 Describe how to buy and sell investments.	Stock Game – Core Component Investing 101 – Chapter 03 (Making Your First Trade) Watch Video – Trading Stocks Lesson – Why Investors Need to Use Ticker Symbols Lesson – How to Read a Stock Quote like a Pro
08.04 List the three American stock exchanges and the types of companies sold on each.	Stock Game – Core Component Investing 101 – Chapter 02 (How The Stock Market Works and Why It Works) Lesson – What is the New York Stock Exchange?
08.05 Explain investor protection provided by agencies that regulate the financial markets (i.e. FDIC).	Lesson – Finding the Right Brokerage Account Lesson – Want to Work in Finance? Lesson – Government Impact on the Economy
08.06 Explain how inflation affects different types of investments.	Lesson – Inflation Lesson – Demystifying the Impact of Interest Rates Lesson – The Business Cycle
09.0 Analyze the use of consumer credit and consumer loans. The student will be able to:
09.01 Identify the role consumer credit has in today’s economy.	Lesson – What is Economic Growth?
09.02 Compare sources of consumer credit.	Lesson – How to Use Debt to Your Advantage Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Mortgage Options for First-Time Homebuyers Lesson – What to Do When You Need Money Fast
09.03 Compare sources and application process of consumer loans (i.e. payday loans, student loans, line-of-credit, and auto loans).	Activity – Rent or Buy: Which is Right for You? Activity – Calculate Your Car Loan Payments Activity – Calculate the True Cost of Credit Card Debt Lesson – Financing Your Education Lesson – Mortgage Options for First-Time Homebuyers Lesson – How to Use Debt to Your Advantage
09.04 Analyze the benefits and cost of consumer credit.	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More Lesson – The Car Buying Checklist Lesson – How Borrowers Manage Personal Debt Lesson – Debt Relief: Is Consolidation the Answer?
09.05 Analyze the risks and consequences of consumer credit (i.e., bankruptcy, foreclosure, co-signing, lower credit score and lower credit worthiness).	Lesson – How to Use Debt to Your Advantage Lesson – What Is Bankruptcy? Lesson – How to Negotiate With Creditors Lesson – What Your Credit Report Says About You
09.06 Explain factors that affect credit worthiness and determine one’s credit score.	Budget Game – Core Component Lesson – What Your Credit Report Says About You
09.07 Explain the alternatives to using consumer credit and to avoiding credit problems (i.e., cash, layaway, and planned savings for a large purchase).	Lesson – How to Use Debt to Your Advantage Lesson – What to Do When You Need Money Fast Lesson – How to Prepare for Unexpected Expenses Lesson – The Art of Juggling Many Bills in a Pinch
09.08 Identify ways to correct credit problems.	Lesson – How Borrowers Manage Personal Debt Lesson – Getting Help With Debt Repayment Lesson – Debt Relief: Is Consolidation the Answer? Lesson – How to Negotiate With Creditors Lesson – What Is Bankruptcy?
09.09 Identify credible sources to assist with credit problems.	Lesson – Getting Help With Debt Repayment Lesson – Do You Need a Tax Professional?
09.10 Research credit reporting agencies to check accuracy of your credit report.	Lesson – What Your Credit Report Says About You
09.11 Compute interest rates by various mechanisms (i.e. simple, compound, APR)	Activity – Watch How Your Savings Could Grow Lesson – Demystifying the Impact of Interest Rates

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