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 – Labor and Productivity Lesson – Unemployment | |||||
| 01.02 Identify the role and importance of the consumer in the economic system. | Lesson – Consumer Rights and Responsabilties Lesson – Benefits of Competition Lesson – 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 – Consumer Rights and Responsibilities 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 Lesson – Preparing for Spending Shocks Lesson – Managing Bills | |||||
| 02.02 Explain how personal financial resources affect the choices people make. |
Budget Game – Core Component Lesson – Researching Spending Lesson – Consumer Rights and Responsibilities Lesson – Pay Yourself First Lesson – Financial Records and Receipts | |||||
| 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 – Use the Car Loans Calculator Activity – Use the Buy vs Lease Calculator Lesson – Buying a Car Lesson – Car Insurance | |||||
| 02.04 Apply a decision-making process to making consumer choices concerning housing, including renting versus owning. |
Activity – Use the Home Budgeting Calculator Lesson – Mortgages Lesson – Good Debt, Bad Debt Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations | |||||
| 02.05 Describe how shared decision-making regarding income allocation and expenditures works in a family setting. | Lesson – Family Planning | |||||
| 02.06 Explain the interrelationship of time, effort, and money to achieving personal and family goals. |
Activity – Use the Compound Interest Calculator Activity – Use the Saving to be a Millionaire Calculator Lesson – Importance of Interest Rates Lesson – Time Value of Money | |||||
| 02.07 Identify the advantages and disadvantages of dual income families. |
Lesson – Family Planning Lesson – Career Development Lesson – Preparing for Retirement | |||||
| 02.08 Explain discretionary and disposable income and how it affects personal and family spending. |
Budget Game – Core Component Lesson – Spending and Savings Plans | |||||
| 03.0 Investigate strategies for managing personal and family income. The student will be able to: | ||||||
| 03.01 Identify sources of income. | Lesson – Income and Compensation | |||||
| 03.02 Analyze how career choice affects income. |
Lesson – Career Development Lesson – Work vs Study Lesson – Starting a Business Lesson – What is Entrepreneurship? | |||||
| 03.03 Analyze how education and technical skills affect income. |
Lesson – Career Development Lesson – Work vs Study | |||||
| 03.04 Relate personal income goals and financial goals to life events. |
Budget Game – Core Component Lesson – Preparing for Spending Shocks Lesson – Managing Bills Lesson – Short-Term Financing | |||||
| 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 – Use the Net Present Value Calculator Activity – Use the Investment Return Calculator Lesson – Opportunity Cost Lesson – Time Value of Money Lesson – Risk | |||||
| 03.06 Explain the effects of inflation on purchasing power. |
Lesson – Inflation Lesson – Importance of Interest Rates | |||||
| 03.07 Compare the advantages and disadvantages of different payment methods. |
Lesson -What is Money?
Lesson – Using Credit Lesson – Credit Cards Lesson – Debit Cards Lesson – Short-Term Financing | |||||
| 03.08 Compare the advantages and disadvantages of various payment methods (i.e. digital and mobile, credit cards, automatic withdrawals, cash, etc.) |
Activity – Use the Car Loans Calculator Lesson -What is Money? Lesson – Using Credit Lesson – Credit Cards Lesson – Debit Cards Lesson – Short-Term Financing | |||||
| 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 – Banks, Credit Unions, and Savings and Loans Lesson – Consumer Rights and Responsibilities Lesson – The Federal Reserve Lesson – The Government Impact on the Economy Lesson – Credit Cards Lesson – Credit Reports | |||||
| 04.02 Investigate money management tools (i.e. financial institutions, qualified financial planners, software, digital apps, etc.) |
Lesson – Banks, Credit Unions, and Savings and Loans Lesson – Debt Management Services Lesson – When to hire a Tax Professional Lesson – Tax Audits | |||||
| 04.03 Demonstrate knowledge of opening and managing bank accounts (checking and savings). |
Budget Game – Core Component Lesson – Banks, Credit Unions, and Savings and Loans Lesson – Reconciling Accounts Lesson – Debit Cards Lesson – Automatic Payments | |||||
| 04.04 Balance checking account. | Lesson – Reconciling Accounts | |||||
| 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 – Consumer Rights and Responsibilities Lesson – Credit Cards Lesson – Credit Reports | |||||
| 05.02 Describe the rights and responsibilities of buyers and sellers under consumer protection laws. | Lesson – Consumer Rights and Responsibilities | |||||
| 05.03 Describe the effects of advertising on consumer purchases. |
Lesson – Classifying Products and Services Lesson – Analyzing Consumer Behavior Lesson – Spending and Savings Plans | |||||
| 05.04 Describe the effects of social media on consumer purchases. | Lesson – Spending and Savings Plans | |||||
| 05.05 Investigate and evaluate consumer information regarding products and services (i.e. Consumer Reports, Layaway, etc.). |
Lesson – Consumer Rights and Responsibilities Lesson – Researching Spending | |||||
| 05.06 Compare different credit plans such as revolving charge, 90 day, installment accounts, and interest free. |
Lesson – Using Credit Lesson – Credit Cards | |||||
| 05.07 Demonstrate advocacy of personal financial relations with businesses (i.e. contest incorrect billing statements, loss of bank cards, etc.). |
Lesson – Financial Records and Receipts Lesson – Reconciling Accounts | |||||
| 05.08 Understand implications of your financial digital footprint (i.e. identify theft, scams, cyber-security, etc.). | Lesson – Protecting Against 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 – Taxation Overview Lesson – Sales Tax | |||||
| 06.02 List types and sources of taxes at the local, state and federal level. | Lesson – Tax Filing and the Form 1040 | |||||
| 06.03 Describe how taxes are used for governmental services. |
Lesson – Payroll Best Practices Lesson – Unemployment and Other Programs | |||||
| 06.04 Identify penalties related to non-payment of income tax. |
Lesson – Tax Audits Lesson – Common Tax Additions | |||||
| 06.05 Explain the difference between gross and net income. |
Budget Game – Core Component Activity – Practice Filing The Form 1040 Lesson – Tax Filing and the Form 1040 | |||||
| 06.06 Identify and complete forms used to file taxes (e.g. 1040A, 1040EZ, 1099, W-2, W-4 and bank statements). |
Activity – Practice Filing The Form 1040 Lesson – Tax Filing and the Form 1040 Lesson – Common Tax Additions | |||||
| 06.07 Calculate various taxes (i.e. FICA, SS, Medicare, Federal withholding, sales tax, etc.). |
Activity – Practice Filing The Form 1040 Lesson – Tax Filing and the Form 1040 Lesson – Common Tax Additions Lesson – Common Tax Deductions Lesson – Sales Tax | |||||
| 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 – Health Insurance Lesson – Car Insurance Lesson – Rental Insurance Lesson – Home Owner’s Insurance Lesson – Life Insurance Lesson – Disability Insurance | |||||
| 07.02 Describe how insurance and other risk-management strategies protect against financial loss. |
Lesson – Risk Lesson – Disability Insurance Lesson – Rental Insurance Lesson – Home Owner’s Insurance | |||||
| 07.03 Recognize basic types of leases, service warranties and general sales/credit contracts that offer consumer protection. |
Lesson – What makes a contract valid? Lesson – Financial Records and Receipts Lesson – Credit Cards | |||||
| 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 – Simple & Living Wills | |||||
| 07.05 Identify strategies to select qualified professionals that provide insurance products, contracts, real estate and wills. |
Lesson – When to hire a Tax Professional Lesson – Life Insurance Lesson – Simple & Living Wills Lesson – Mortgages | |||||
| 07.06 Research the implications of receiving an inheritance. | Lesson – Common Tax Additions | |||||
| 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 Lesson – Spending and Savings Plans | |||||
| 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) Activity – Basic Research and Comparing Stocks Lesson – What are Stocks? Lesson – What are ETFs? Lesson – What are Mutual Funds? Lesson – What are Bonds? Lesson – What are Annuities Lesson – Intesting Strategies Lesson – Building a Diversified Portfolio | |||||
| 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 – What is a Ticker Symbol? Lesson – Getting (and Understanding) Stock Quotes | |||||
| 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 – What is a Brokerage? Lesson – Certifications in the Finance Industry Lesson – Government Impact on the Economy | |||||
| 08.06 Explain how inflation affects different types of investments. |
Lesson – Inflation Lesson – Importance 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 – Good Debt, Dad Debt Lesson – Using Credit Lesson – Mortgages Lesson – Short-Term Financing | |||||
| 09.03 Compare sources and application process of consumer loans (i.e. payday loans, student loans, line-of-credit, and auto loans). |
Activity – Use the Buy vs Lease Calculator Activity – Use the Car Loans Calculator Activity – Use the Credit Card Payments Calculator Lesson – Student Loans Lesson – Mortgages Lesson – Good Debt, Bad Debt | |||||
| 09.04 Analyze the benefits and cost of consumer credit. |
Lesson – Using Credit Lesson – Credit Cards Lesson – Buying a Car Lesson – Managing Debt Lesson – Consolidating Debt | |||||
| 09.05 Analyze the risks and consequences of consumer credit (i.e., bankruptcy, foreclosure, co-signing, lower credit score and lower credit worthiness). |
Lesson – Good Debt, Bad Debt Lesson – Bankruptcy Lesson – Debt Negotiation Lesson – Credit Reports | |||||
| 09.06 Explain factors that affect credit worthiness and determine one’s credit score. |
Budget Game – Core Component Lesson – Credit Reports | |||||
| 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 – Good Debt, Bad Debt Lesson – Short-Term Financing Lesson – Preparing for Spending Shocks Lesson – Managing Bills | |||||
| 09.08 Identify ways to correct credit problems. |
Lesson – Managing Debt Lesson – Debt Management Services Lesson – Consolidating Debt Lesson – Debt Negotiation Lesson – Bankruptcy | |||||
| 09.09 Identify credible sources to assist with credit problems. |
Lesson – Debt Management Services Lesson – When to Hire a Tax Professional | |||||
| 09.10 Research credit reporting agencies to check accuracy of your credit report. | Lesson – Credit Reports | |||||
| 09.11 Compute interest rates by various mechanisms (i.e. simple, compound, APR) |
Activity – Use the Compound Interest Calculator Lesson – Importance of Interest Rates |