| CAREERS, EDUCATION & INCOME | | | | | | |
| Develop and manage financial goals for the future based on one’s career choice and lifestyle expectations to meet the needs of individuals and families. | Lesson – Career Development
Lesson – Family Planning
Lesson – Preparing for Retirement | | | | | |
| Explain how income can be earned (e.g., wages, commission) or unearned (e.g., interest, capital gains). | Lesson – Income and Compensation
Lesson – What is Money?
Lesson – Building Wealth | | | | | |
| Explain net income (i.e., wages and salaries minus payroll deductions equal net income or takehome pay). | Budget Game – Core Component
Lesson – Income and Compensation
Lesson – Tax Filing and the Form 1040 | | | | | |
| CREDIT & DEBT | | | | | | |
| Compare a variety of credit sources from which consumers can choose to borrow. | Lesson – Using Credit
Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Lesson – Banks, Credit Unions, and Savings and Loans | | | | | |
| Compare the costs and benefits of buying on credit that are key to making a good borrowing decision. | Lesson – Managing Credit
Activity – Use the Credit Card Payments Calculator
Activity – Use the Buy vs Lease Calculator | | | | | |
| DECISION MAKING & MONEY MANAGEMENT | | | | | | |
| Evaluate financial management resources and how they are needed to meet the goals of individuals and families by: a. prioritizing financial goals. b. creating a budget including income, expenses (fixed/flexible), and savings. c. developing and explaining a savings plan and budget based on specific short and long term financial goals | Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Budgeting
Lesson – Spending and Saving Strategies
Lesson – Family Planning
Lesson – Preparing for Retirement | | | | | |
| Apply decision making strategies when buying products. | Budget Game – Core Component
Lesson – Planning Long Term Purchases
Lesson – Researching Spending | | | | | |
| Compare and evaluate products and services based on major factors (e.g., brand name, price, quality feature, availability) when making consumer decisions. | Lesson – Researching Spending | | | | | |
| “Investigate how culture, media and technology impact the family and consumer decision making
by:
a. explaining ways consumer buying practices are influenced by social factors, economic principles, peer pressure, desire for status and advertising techniques.
b. exploring the impact of positive and negative effects of advertising techniques (e.g.,
bandwagon, facts and figures, emotional appeal, endorsement/testimonials, free samples,
coupons, use of gimmicks, misleading/false information, social media).” | Lesson – Budgeting
Lesson – Analyzing Consumer Behavior
Lesson – The Business Cycle
Lesson – Consumer rights and responsibilities
Lesson – Ethics In Marketing | | | | | |
| SAVING & INVESTING | | | | | | |
| List examples of investments for current income and investments for future growth. | Investing101 Certification
Lesson – Building a Diversified Portfolio
Lesson – Investing Strategies
Lesson – Preparing for Retirement
Lesson – Building Wealth | | | | | |
| MONEY & THE ECONOMY | | | | | | |
| Compare the relationship between supply and demand and their role in meeting consumer needs. | Lesson – Supply and Demand Examples in the Stock Market
Lesson – The Benefits of Competition | | | | | |
| INSURANCE & RISK MANAGEMENT | | | | | | |
| Research federal government depository insurance coverage and limits related to consumer bank and credit union accounts. | Investing101 Certification
Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Preparing for Retirement
Lesson – Property Rights | | | | | |
| Investigate the use of insurance to cover risk of financial loss (e.g. liability, health, auto, renter, home). | Lesson – Car insurance
Lesson – Health Insurance
Lesson – Rental Insurance
Lesson – Home Owner’s Insurance
Lesson – Life Insurance | | | | | |
