Personal+Finance

"The learner will . . ." || **Standard(s)** || **No. of Days** || **Vocabulary Terms** || **Resources** || **Student Learning Activities** || **Assessment** ||
 * Teachers **** : ** Lori McKenney
 * Textbook: ** Foundations in Personal Finance, Lampo Press, 2008
 * ~ (1) ||~ (2) ||~ (3) ||~ (4) ||~ (5) ||~ (6) ||~ (7) ||~ (8) ||~ (9) ||
 * **Obj #** || **Unit** || **Objective:**
 * 1-4 || Ch5 & 11

Ch2, 3, 4, 5, 6, 7, 8

All Units

Ch5 & 11

Ch1, 4, 6, 10

Ch2, 3, 8, 9

Ch1, 4, 6, 7, 8, 9, 10

All Units

Ch5 & 10

Ch1, 2, 4, 5, 6, 10, 12

All Units

Ch2,3,4, 5,8,9,11

All Units

Ch5 & 11 || **List the Baby Steps:** -$1,000 or $500 in an emergency fund -Pay off all debt except the house -3-6 months in savings -Invest 15% of your household income into Roth IRAs and pre-tax retirement plans -College funding -Pay off your home early -Build wealth and give

-Emergency fund -Purchases -Building Wealth
 * Explain the three basic reasons for saving money:**

-Less stress -Prepared for the unexpected -Rainy day unbrella -Don't have to borrow money when a financial crisis comes up || BE 12.1.1 Career Development: Students will understand career preparation and job acquisition skills required for employment, professionalism and career transitions in their chosen fields. They will demonstrate competency by matching skills and aptitudes for occupations, planning career options and applying job acquisition skills.
 * Identify the benefits of having an emergency fund:**

BE 12.3.1 Computation: Students will understand mathematical procedures and tools to analyze and solve business problems. They will demonstrate competency by preparing and maintaining financial records and interpreting financial information.

BE 12.5.1 Economics and Personal Finance: Students will understand basic economic and financial principles in order to make wise domestic and global economic decisions related to their personal financial affairs, the successful operation of organizations and the economic activities of the country. They will demonstrate competency by applying economic and personal financial reasoning to individual, business and government practices.

BE 12.6.1 Entrepreneurship: Students will understand the importance of recognizing and acting on local, regional and global business opportunities in small business and corporate environments. They will demonstrate competency by identifying a business opportunity and researching and developing a business plan.

BE 12.7.1 Ethics: Students will understand the importance of business ethics at the individual, organizational, technological, professional,societal and international levels. They will demonstrate competency by identifying why ethical problems exist, examining ethical models, applying ethical reasoning and adhering to ethical use policies.

BE 12.9.1 Accounting: Students will understand how to manage an organization's and/or personal financial resources. They will demonstrate competency by preparing, maintaining and interpreting accounting records.

BE 12.10.1 Business and Consumer Law: Students will understand the relationship between ethics and the law in conducting business and assuming roles as citizens, workers and consumers in a global society. They will demonstrate competency by describing and applying personal and business law to situations with potential local, national and international impact.

FCS 06-12.6.1 Consumer Resources and Management: Evaluate consumer and management decisions related to human, economic, technological, and environmental resources within families and society.

FCS 06-12.10.1 Work Readiness: Demonstrate transferable and employability skills in family, community and work/career settings.

FCS 06-12.11.1 Family, Career and Community Connections: Analyze the interconnection of individual, family, career and community relationships.

ENT 12.7.1 Money Basics

ENT 12.7.2 Financial Services

ENT 12.7.3 Personal Money Management

ENT 12.8.1 Career Planning || 10 || Baby steps- Compound Interest- Emergency Fund- Interest Rate- Money Market- Sinking Fund- || Workbook

Videos

Activity Sheets

Internet || Activity Sheets || Tests & Projects ||