| Financial Responsibility and Decision Making |
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| Explain how individuals demonstrate responsibility for financial well-being over a lifetime. |
Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Preparing for Retirement
Lesson – Career Development
Lesson – Building Wealth
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| Analyze ways financial responsibility is different for individuals with and without dependents. |
Lesson – Family Planning
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| Analyze financial information for objectivity, accuracy, relevancy to given needs, and currency |
Lesson – What makes a contract valid
Lesson – What is an Income Statement?
Lesson – What is a Balance Sheet?
Lesson – What Is A Cash Flow Statement
Lesson – What are Financial Records?
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| Investigate current types of consumer fraud, including online scams |
Lesson – Protecting Against Fraud
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| Analyze consumer protection laws for the issues they address and the safeguards they provide. |
Lesson – Consumer rights and responsibilities
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| Demonstrate steps for resolving a consumer complaint. |
Lesson – Consumer rights and responsibilities
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| Set measurable short-term, medium-term, and long-term financial goals. |
Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Preparing for Retirement
Lesson – Career Development
Lesson – Building Wealth
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| Evaluate the results of financial decisions. |
Stock Game – Core Component
Budget Game – Core Component
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| Apply systematic decision making to long-term goals. |
Lesson – Preparing for Spending Shocks
Lesson – The Business Cycle
Lesson – The Importance of Interest Rates
Lesson – Planning for Long Term Purchases
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| Compare and contrast the benefits of sharing financial goals and personal finance information with a potential partner before forming a partnership |
Lesson – Family Planning
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| Describe essential elements of a contract between individuals and between individuals and businesses. |
Lesson – What makes a contract valid
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| Describe the actions a victim of identity theft can take to restore personal security |
Lesson – Protecting Against Fraud
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| Relating Income and Careers |
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| Analyze ways economic, social, cultural, education and political conditions can affect income and career potential. |
Lesson – The Business Cycle
Lesson – Government impact on the economy
Lesson – Importance of Interest Rates
Lesson – Analyzing Consumer Behavior
Lesson – The Product Lifecycle
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| Analyze the financial risks and benefits of entrepreneurship as a career choice |
Lesson – Starting a Business
Lesson – Entrepreneurship
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| Compare and contrast wage, gift, rent, interest, dividend, capital gain, tip, commission, and business profit as sources of personal income. |
Lesson – What is Money?
Lesson – Debit Cards
Lesson – Income and Compensation
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| Analyze the advantages and disadvantages of participation in government assistance programs. |
Lesson – Unemployment and other programs
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| Analyze typical employee benefits and explain why they are a form of compensation. |
Lesson – Employer and Employee Rights and Responsibilities
Lesson – Income and Compensation
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| Describe benefits of employer sponsored savings plans and other personal options for shifting current income to the future. |
Lesson – Employer and Employee Rights and Responsibilities
Lesson – Income and Compensation
Lesson – Building Wealth
Lesson – What is Wealth?
Lesson – Preparing for Retirement
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| Planning and Managing Money |
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| Create a basic budget with categories for income, taxes, planned savings, and fixed and variable expenses. |
Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
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| Analyze and adjust budget categories to manage spending and achieve financial goals. |
Lesson – Budgeting
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| Develop a personal financial plan that shows allocation of income, spending, saving, investing and sharing/giving over a year-long time span. |
Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
Lesson – Spending and Savings Plans
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| Analyze a plan to secure funding for a financial goal (such as college, major consumer purchases, etc.). |
Lesson – Preparing for Spending Shocks
Lesson – Planning for Long Term Purchases
Lesson – Researching Spending
Lesson – Mortgages
Lesson – Student Loans
Lesson – Buying a Car
Activity – Use the Buy vs Lease Calculator
Activity – Use the Home Budgeting Calculator
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| Utilize a system to record income and spending for categories such as purchases, services, and taxes. |
Lesson – Pay Yourself First
Lesson – Budgeting and Spending Strategies
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| Demonstrate recordkeeping that utilizes digital financial management systems. |
Lesson – Receipts – Keeping and Tossing
Lesson – Reconciling accounts
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| Evaluate different payment methods, including cash, checks, stored-value cards, debit cards, credit cards, and electronic or online payment systems |
Lesson – What is Money?
Lesson – Debit Cards
Lesson – Credit Cards
Lesson – Short-Term Financing
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| Demonstrate skill in basic financial tasks (such as bill payments, check writing, reconciling checking and debit account statements, and monitoring printed and online account statements for accuracy). |
Budget Game – Core Component
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| Investigate and demonstrate ability to apply for financial assistance (such as FAFSA, 21st Century Scholars, scholarships, grants, and aid from colleges and universities) for post-secondary education. |
Lesson – Student Loans
Lesson – Work or Study
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| Evaluate impact of external factors (such as marketing, advertising and the economy) on spending decisions. |
Lesson – Budgeting
Lesson – Researching Spending
Lesson – Analyzing Consumer Behavior
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| Justify consumer buying decisions by evaluating external factors. |
Lesson – Budgeting
Lesson – Researching Spending
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| Evaluate opportunity costs (such as owning versus renting a house, purchasing or leasing an auto). |
Activity – Use the Buy vs Lease Calculator
Activity – Use the Car Loans Calculator
Lesson – Buying a car
Lesson – Opportunity Cost
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| Recognize potential threats (such as identity fraud, scams, theft, phishing, spam, unethical internet practices) to sound financial decisions. |
Lesson – Risks
Lesson – Protecting Against Fraud
Lesson – Consumer Rights and Responsabilities
Lesson – Preparing for spending shocks
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| Demonstrate budgeting financial and other resources to make contributions to a charitable organization. |
Budget Game – Core Component
Lesson – Charitable Giving
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| Contrast wills, “living wills,” trusts and other ways estates can be transferred |
Lesson – Simple and Living Wills
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| Evaluate estate planning tools (such as pensions, retirements, social security, trusts, and annuities) |
Lesson – Preparing for Retirement
Lesson – Building Wealth
Lesson – Income and Compensation
Lesson – Life Insurance
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| Managing Credit and Debt |
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| Evaluate the cost of borrowing a set amount of money using various types of credit. |
Lesson – Short-Term Financing
Lesson – Good Debt, Bad Bad
Activity – Use the Credit Card Payments Calculator
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| Explain how grace periods, methods of calculating interest, and fees affect borrowing costs. |
Lesson – Credit Cards
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| Apply systematic decision making to identify the most cost-effective option for making a purchase. |
Lesson – Planning Long Term Purchases
Lesson – Pay Yourself First
Lesson – Budgeting and Spending Strategies
Activity – Use the Buy vs Lease Calculator
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| Analyze the effect of positive and negative credit reports on credit worthiness. |
Lesson – Credit Reports
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| Illustrate steps to overcome a negative credit report and improve a personal financial future. |
Lesson – Credit Reports
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| Evaluate the effect of living beyond one’s financial resources. |
Lesson – Good Debt, Bad Debt
Lesson – Bankruptcy
Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
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| Analyze actions that a consumer can take to reduce or better manage excessive debt. |
Lesson – Good Debt, Bad Debt
Lesson – Bankruptcy
Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
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| Analyze online and printed resources for up-to-date information about consumer credit rights. |
Lesson – Managing Debt
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| Describe debtors’ and creditors’ rights related to debt that is not paid. |
Lesson – Bankruptcy
Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
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| Risk Management and Insurance |
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| Describe ways people can manage risk through avoidance, reduction, retention, assumption, and transfer of risk. |
Lesson – Risk
Lesson – Building a Diversified Portfolio
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| Analyze the types and amounts of coverage, and features needed, for various stages of life for health, property, life, disability, and liability insurance. |
Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Car Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
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| Analyze factors that can reduce or increase the amount and type of insurance coverage needed. |
Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Car Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
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| Analyze factors that affect cost of insurance for various types of insurance. |
Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Car Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
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| Saving and Investing |
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| Analyze effect of saving strategies, including “pay yourself first,” payroll deduction, automatic savings options, and reflective spending practices on financial well being. |
Lesson – Pay Yourself First
Lesson – Budgeting and Spending Strategies
Lesson – Building Wealth
Lesson – Preparing for Retirement
Lesson – Income and Compensation
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| Compare the interest generated by simple and compound interest at various rates. |
Lesson – The Importance of Interest Rates
Activity – Use the Compound Interest Calculator
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| Compare various investing strategies for their potential to build wealth. |
Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Activity – Use the Investment Return Calculator
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| Analyze investment possibilities utilizing the principles of time value of money and opportunity costs. |
Lesson – Time Value of Money
Lesson – Opportunity Cost
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
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| Calculate the end value of lump sum and periodic investments. |
Activity – Use the Investment Return Calculator
Activity – Use the Compound Interest Calculator
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| Analyze the characteristics (such as earnings, risks, liquidity) and benefits of various saving and investment options in the current economy. |
Lesson – The Business Cycle
Lesson – Bulding a Diversified Portfolio
Lesson – Investing Strategies
Lesson – Pay Yourself First
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| Analyze investment alternatives utilizing principles of inflation and other economic factors. |
Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Inflation
Lesson – The Business Cycle
Activity – Use the Investment Return Calculator
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| Compare advantages and disadvantages of buying and selling investments through various channels, including financial advisors, investment clubs, and online brokers. |
Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Brokerages
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| Compare the investment objectives and historical rates of return of various Investment options. |
Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Why invest in Stocks?
Lesson – What is an ETF?
Lesson – What is a Mutual Fund?
Lesson – What are Bonds
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| Analyze the rate of return on investments using time value of money and economic conditions as factors. |
Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Time Value of Money
Activity – Use the Investment Return Calculator
Activity – Use the Net Present Value Calculator
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| Calculate the amount of taxes on investments and income tax-free earnings. |
Lesson – Taxation Overview
Lesson – Tax Filing and the Form 1040
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| Explain how federal and state financial regulatory agencies decrease savings and investing risks. |
Lesson – Risk
Lesson – Government impact on the economy
Lesson – What is the Federal Reserve?
Lesson – Monetary Policy
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