Curriculum Guide. Topic(s) Indicators Essential Questions Vocabulary Resources. Why is it important to have a plan for money?

Transcription

1 8 to 11 days Financial Planning - Creating Smart Goals Understanding income and expenses Making Changes to Financial Plans Topic: Financial Responsibility and Money Management 13. Cost benefit analysis 14. Personal financial plan 15. Payment methods Why is it important to have a plan for money? Why is it important to know personal finance standings Why monitor and modify financial plans. Needs Wants Goal Values opportunity cost 1

2 6 to 8 days Budgeting - Understanding income - Understanding expenses - Building a budget - Keeping track and staying on track of finances Topic: Financial Responsibility and Money Management 13. Cost benefit analysis 14. Personal financial plan 15. Payment methods 1. Why is a budget needed? 2. How is a budget created? 3. How will a budget change throughout life? Budget Income Tax Expenses Pay yourself first economic NEFE high school Worksheets videos 10 to 15 days Topic(s) Indicators Essential Questions Vocabulary Resources Investing - Saving and investing - Calculating interest - Stocks - Bonds - Mutual Funds - Stock Markets - Other types of investments - Risk and Reward Topic: Saving and Investing 16. Wealth building 17. Hardship buffer 18. Saving choices 19. Investments 1. How is saving different than investing? 2. Evaluate different investment choices. 3. What is risk and reward in terms of investing? Investing Saving Interest Rule of 72 Stock Market Investments Risk vs. Reward 2

3 15 to 18 days Credit - Defining credit - Understanding interest - Types of credit - Checking ones credit - Government s to help consumers/protecting credit Topic: Credit and Debt 20. Credit availability 21. Credit worthiness 22. Consumer protection 1. What is credit? 2. How does one maintain credit? 3. How can credit be mishandled? Interest Principal Loan term Debt Credit report Bankruptcy Fair debt collection Practices Act 3

4 Banking - Financial services - Checking Accounts Writing checks Reconciling accounts Understanding check ledgers - Financial fraud Planning and money management : Describe how to use different payment methods 1. What are the benefits of being an active banker? 2. What are the benefits/draw backs of using banking services. 3. What are the values of tracking incoming/outgoing payments? Bank Credit unions Savings accounts Checking accounts Identity theft 10 to 13 days 4

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6 5 to 8 days Insurance - Types of insurance Renters Life Health Automobile Home - Managing risk Risk management and insurance 1. Identify common types of risks and basic risk managemen t methods 2. Explain the purpose and importance of property and liability insurance protection 3. Explain the purpose and importance of health, disability, and life insurance protection 1. What is the importance of having insurance? 2. Why is it important to evaluate different forms of insurance? Risk Insurance policy Premium deductible 6

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