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 – Consumer Rights and Responsabilties 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 – 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: 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 – Consumer Rights and Responsibilities 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 – Use the Car Loans Calculator 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 – Use the Home Budgeting Calculator 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 – Use the Compound Interest Calculator 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 – 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 – What’s in Your Compensation Package? | |||||
| 03.02 Analyze how career choice affects income. |
Lesson – Planning Your Career Path Lesson – Work vs Study Lesson – Starting a Business 101 101 Lesson – What is Entrepreneurship? | |||||
| 03.03 Analyze how education and technical skills affect income. |
Lesson – Planning Your Career Path Lesson – Work vs Study | |||||
| 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 – Opportunity Cost Lesson – Time Value of Money Lesson – Risk | |||||
| 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 – Use the Car Loans Calculator 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 – Consumer Rights and Responsibilities Lesson – The Federal Reserve Lesson – The 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 – When to hire 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 – Consumer Rights and Responsibilities 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 – 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 – 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 – 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 – 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 & 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 Lesson – Get Practice Filing a Sample 1040 Tax Return Lesson – Income Tax Filing Tips & Tricks | |||||
| 06.06 Identify and complete forms used to file taxes (e.g. 1040A, 1040EZ, 1099, W-2, W-4 and bank statements). |
Lesson – Get Practice Filing a Sample 1040 Tax Return Lesson – Income Tax Filing Tips & Tricks Lesson – Uncovering Hidden Income Taxes You Owe | |||||
| 06.07 Calculate various taxes (i.e. FICA, SS, Medicare, Federal withholding, sales tax, etc.). |
Lesson – Get Practice Filing a Sample 1040 Tax Return Lesson – Income Tax Filing Tips & 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 – Rental 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 – Risk Lesson – Don’t Let Disability Derail Your Finances Lesson – Rental 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 – What makes a contract valid? 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 – 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: The Ultimate Safety Net Lesson – Simple & Living Wills 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 – 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 – Getting Started with Bond Investing Lesson – What are Annuities Lesson – Intesting Strategies Lesson – What is Diversification & 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 – Certifications in the Finance Industry 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 – Good Debt, Dad Debt 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 – Use the Car Loans Calculator Activity – Use the Credit Card Payments Calculator 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 – Use the Compound Interest Calculator Lesson – Demystifying the Impact of Interest Rates |