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1 Department: Business - Mrs. B. Kennedy Unit 1, September Unit 1 Consumer Awareness Unit 2, October Unit 2 Consumer Privacy Why do I need to be a wise consumer? Do I really need to buy this? Is it worth the time I spend making the money to pay for it? Is there a better use for my money? Why do I need to keep as much of my personal information private? Why is privacy so important in the information age? Why is information privacy a sensitive issue? How do I get off mailing lists? What are database profiles? Are there state and federal laws that protect consumers? Use decision-making methods before purchasing a product or service Customize and use a comparative-shopping chart Identify alternative buying plans, list the advantages, disadvantages Identify various consumer scams, describe how they work, and explain what you can do if you find yourself caught in one Understand how to handle a consumer complaint effectively Understand how and why to keep records of your purchases Define and understand privacy in the information age Explain the pros and cons of database profiles. Understand federal laws that offer privacy protection. Identify public & private sector sources of information Remove your name from mailing lists and phone lists Identify state/federal laws that protect our privacy Develop strategies before purchasing products Research and present strategies to class on how not to be caught in a consumer scam Write a clear and concise consumer complaint letter Teacher provided worksheets, Graded assignments Completion of on-line comparison shopping project Completion of consumer safety strategy report Written consumer complaint letter with a specific given complaint Practical Money Skills for Life Research DMA Organization Research DoNotCall.gov Research and understand why laws are put into place to protect consumers Develop strategies to protect my personal information Teacher provided worksheets, Graded assignments Completion of Michele Brown - Identity Theft worksheet Practical Money Skills for Life 1

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3 Department: : Business Unit 3, November Setting Financial Planning Goals Unit 4, December Budgeting Making the Most of your money Why is personal financial planning important? How are financial decisions influenced by people's values, needs and wants? How do goals help a person attain financial success? Why does financial success look different for everyone? What are SMART goals? How do I create and implement a financial plan? Do I need to monitor and change my financial plan? Identify a meaningful goals Determine where my money comes from Explain opportunity costs and how they might affect my personal financial decisions Describe the strategies of financial planning Create steps for implementing a SMART plan Use the decision making process to create my financial plan Know what SMART goals are Create a financial plan that includes SMART goals and a record of spending. Analyze how you get and spend money Examine why it s important to have a plan for your money Show how to use decision-making process to develop the plan Explain how you will stick to and monitor your plan Learn how to monitor and make changes to your financial plan Teacher provided worksheets, Graded assignments, Worksheets, Vocab Quiz, Test Completion and Assessment of personal SMART goals project using short, medium, and long term goal Why do I need to examine my spending habits? What are the benefits of having a spending plan or budget? What are income sources? What are expenses? What is P.Y.F? How do I create a budget? What are some forms of record keeping available to me for budgeting and cash management? Why will a budget change throughout my life? Review financial goals and preview the required criteria to plan my activity to develop my personal budget Review anticipated income, savings and expenses Learn how my budget supports my personal financial goals Understand the importance of Pay Yourself First (PYF) Describe how you determine your adjusted gross income and taxable income Understanding cash flow Know the difference between fixed, variable and periodic or occasional expenses Identify parts of a pay stub and understand the difference between gross pay and net pay Describe how taxes have an impact of financial planning Determine how you determine your adjusted gross income and taxable income Understand the difference between federal income tax and state income tax, Social Security tax (FICA), and Medicare tax Explain the difference between a W-2 and a W-4 Teacher provided worksheets, Graded assignments, Worksheets, Vocab Quiz, Test Completion and Assessment of personal budget project Downloaded files 3

4 Department: : Business Unit 5, January Your Money: Keeping it Safe and Secure Unit 6, February Credit Cards What are the different types of financial service providers? How does savings accounts work? What is a checking account and debit card? Why use automated financial service? How do credit cards work? Examine the various types of financial services providers Understand how a savings account works Practice using a checking account and debit card Identify how a credit card is used to make purchases Identify the features of automated financial services What is credit? What is debt? Why do I need to know the advantages and disadvantages of using credit? Why do I need to know how to manage credit? What are the consequences of excessive debt and how do I learn to correct it? Research various institutions and compare financial services offered Review the 5-C's of credit Identify how to manage credit wisely. Understand the cost of credit Explain how to open a savings account/checking account Explain the different types of financial services available at a bank or credit union Complete multiple check book simulations Complete 2 month check book simulation with monthly reconciliations Explain the various types of financial services and institutions. Identify the various types of saving plans, and discus how you benefit when interest is compounded monthly as apposed to annually. Explain the concept of consumer credit and the 5 c's of credit. Discuss the cost of credit and differentiate between open-end credit and closed-end credit. Teacher provided worksheets, Graded assignments, Vocab quiz, Test Microsoft Office - Word, Excel Downloaded assignments Completion and assessment of opening a personal savings/checking account Completion of a 2 month checkbook simulation - writing checks/check register/reconciliation Class participation, Computer research Teacher provided worksheets, Graded assignments, Vocab quiz, Test Microsoft Office - Word, Excel Downloaded assignments Completion and assessment of finding various establishments that offer credit - compare and contrast rates and terms 4

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