Course Description

  • This course will provide a foundation for understanding personal financial planning techniques. Students become equipped to confidently discuss money, credit and investing issues and plan for their own financial futures.

Proficiency Targets

  • Foundations

    As evidenced based on classroom assessments, the student is able to:

    • Calculate gross and net pay as well as calculate personal tax liabilities for various types of taxes (including income, sales, FICA, and Medicare) and rate of return 01.01.01 to 01.02.05
    • Understand how to read an amortization schedule, a credit report and a stock market charts as well as what a credit score is 01.02.06
    • Create a budget and complete a practical checking account simulation 01.05.01 to 01.05.03
    • Understand the purpose for a government to raise money via taxes 02.01.01 to 02.04.02

    Problem Solving & Critical Thinking

    As evidenced based on classroom assessments, the student is able to:

    • Understand the role of insurance for “risk management” in financial planning and can identify the type of insurance associated with different types of risk 04.01.01
    • Examine the various purchases I want to make as a consumer and can apply smart, comparison shopping strategies to make the best financial decision based on goals 04.01.01

    Safety, Health & Environment

    As evidenced based on classroom assessments, the student is able to:

    • Understand the difference between identity theft and fraud and know the steps for prevention and resolution if incurred 07.01.03

    Ethics & Legal Responsibilities

    As evidenced based on classroom assessments, the student is able to:

    • Understand how to prevent identity theft 09.01.03 to 09.02.02
    • Understand the various forms of credit 09.06.02 to 09.07.02

    Employment & Career Development

    As evidenced based on classroom assessments, the student is able to:

    • Compare and contrast compensation packages that include varying levels of income and benefits 10.02.01 to 10.03.02

    Technical Skills

    As evidenced based on classroom assessments, the student is able to:

    • Explore the options available at a bank to store my money for future use to avoid erosion due to cost-of-living adjustments 11.01.01 to 11.01.05

Materials Used

  • No Textbook -- All Supplemental Materials