Personal Financial Literacy 2010

Transcription

1 Prentice Hall C O R R E L A T E D T O - Curriculum Content

2 Managing Resources Grade Levels: 9, 10, 11, 12 Course Code: Unit 1: Life Goals and Decisions - Hours: Define terms related to goals and decision making SE/ATE: 8-11, 13, 16, 22, 30, 39, Match terms to definitions 1.2 List the steps of the decision making process in order SE/ATE: 8-11, 13, 16, 22, 30, 39, SE/ATE: 40-46, Identify the decision to be made SE/ATE: Identify available resources and possible options SE/ATE: 43-44, 46, 47-51, Weigh pros and cons of each option SE/ATE: 43-46, 48-49, , Select the best option SE/ATE: 44-46, 48-49, Act on the decision Apply steps in the decision-making process SE/ATE: 44-46, SE/ATE: 16, 32-33, 40-51, , 174, , , , , Name factors which influence decisions Discuss how factors can have a positive or negative influence on decisions SE/ATE: 32, 42-43, 45-46, 62-65, 70-75, , , 141, 143, 245, SE/ATE: 32, 42-43, 45-46, 62-65, 70-75, , , 141, 143, 245,

3 Managing Resources Analyze immediate and future consequences of decisions 1.4 List the five steps for setting a SMART goal S - specific M - measurable A - attainable R - realistic T - time bound Set a short-term and long-term goal using SMART method Unit 2: Preparing to Earn - Hours: 10 SE/ATE: 3-4, 7-8, 13-17, 39-40, 45-48, 65, 108, , , 143, , 160, , 192, 206, 226, 245, 253, , , SE/ATE: 41 SE/ATE: 41 SE/ATE: SE/ATE: SE/ATE: 41 SE/ATE: 16, Define terms related to career preparation SE/ATE: 73, 76, 78, 79, 82, Match terms to definitions SE/ATE: 73, 76, 78, 79, 82, Explain factors that influence career choice SE/ATE: 69-75, 85 2

4 Managing Resources Complete an interest inventory 2.3 Identify factors that affect specific job selection Compare job offers for benefits, time, income, etc. For example, use the FCCLA Financial Fitness Making Money and Cash Control Units SE/ATE: 70 SE/ATE: SE/ATE: List ways to locate and apply for a job SE/ATE: 80-84, Complete a job search in your area of interest Complete a job application, cover letter, resume, and follow up letter 2.5 Describe ways to make a positive impression during a job interview List attributes that will make a positive impression during a job interview SE/ATE: 82 SE/ATE: SE/ATE: SE/ATE: Role-play an interview 2.6 List work related forms completed when initially hired Complete W4, I 9, and Medical and Life Insurance Form 2.7 Identify careers related to Personal and Family Finance SE/ATE: SE/ATE: SE/ATE: 93-94, SE/ATE: 12, 72, 88, 214 3

5 Managing Resources Summarize skills needed to be successful in this field Unit 3: Understanding Your Paycheck - Hours: 5 SE/ATE: 12, 88, Define terms related to understanding your paycheck SE/ATE: 92-94, 98-99, Match terms to definitions 3.2 Identify the methods by which employees are paid Chart the pros and cons of each payment method 3.3 Identify the parts of a paycheck and paycheck stub Label the parts of a paycheck and paycheck stub SE/ATE: 92-94, 98-99, SE/ATE: 74, SE/ATE: SE/ATE: 94 SE/ATE: Explain types of payroll taxes SE/ATE: 93-94, 98-99, 106, Calculate tax deductions from sample paycheck stub SE/ATE: 94, Describe the process of filing taxes SE/ATE: 95-97, , Name records that should be kept for income tax purposes SE/ATE:

6 Managing Resources Complete a 1040-EZ. For example, complete Financial Fitness Project in Making Money unit Unit 4: Financial Planning and Banking - Hours: 15 SE/ATE: Define terms related to financial planning, insurance, and banking SE/ATE: 13, 16, 30, 47, 63, 123, 127, 224, 228, Match terms to definitions 4.2 Identify the aspects that need to be considered in a financial plan Develop a financial plan. For example complete FCCLA Financial Fitness project in Banking Basics and Cash Control units SE/ATE: 13, 16, 30, 47, 63, 123, 127, 224, 228, 243 SE/ATE: 23-33, 39-40, 62-63, , 114, 120, 238 SE/ATE: 23-29, 33, 54-57, 62, Identify the components of a spending plan SE/ATE: 25, 43-44, 54-56, 62, Prepare a monthly spending plan 4.4 Explain types of financial institutions and their services Compare services of various financial institutions SE/ATE: 25, 43-44, 54-56, 62, 65 SE/ATE: , , 227, , 243 SE/ATE: 215, 227, , Manage a checking account SE/ATE: 213, , 227 5

7 Managing Resources Complete forms to open a checking account SE/ATE: Complete a check and check register entry SE/ATE: Reconcile a checkbook register SE/ATE: , Name factors which affect investment decisions SE/ATE: 28-29, , 258, , Compare saving versus investing SE/ATE: 28-29, , Use rule of 72 to compare return versus risk 4.7 Describe types of income and growth investments Differentiate between income and growth investments Unit 5: Insurance - Hours: 5 SE/ATE: SE/ATE: 59-60, , SE/ATE: , , 263, Define terms related to insurance SE/ATE: , 123, Match terms to definitions SE/ATE: , 123, Identify coverage for each type of insurance SE/ATE: , , Match coverage with insurance type Compare cost of premiums to amount of coverage received SE/ATE: , , SE/ATE: 122,

8 Managing Resources 5.3 Identify insurance needs for each stage of the life cycle Chart insurance needs for each stage of the life cycle Complete a project from the FCCLA Financial Fitness, Financing Your Future unit Unit 6: Credit - Hours: 10 SE/ATE: 28, 115, 120, , SE/ATE: 28, 115, 120, , SE/ATE: Define terms related to credit SE/ATE: 150, 160, 182, 185, 204, Match terms to definitions SE/ATE: 150, 160, 182, 185, 187, 204, List advantages and disadvantages of credit SE/ATE: , 161, 163, 168, 173, , 187, 192, 197, , Evaluate the advantages and disadvantages of credit using scenarios SE/ATE: , 168, 173, , 192, 197, Name sources and types of credit/loans SE/ATE: , 160, , 177, 194, 198, Analyze the advantages and disadvantages of various credit sources 6.4 Explain ways for establishing and maintaining good credit SE/ATE: 173, 177, , 195, SE/ATE: , 156, 159, Complete a sample credit application Analyze situations that affect credit ratings, including the 5 C's of credit SE/ATE: 169, 194 SE/ATE: , 159, 162, 171, 181 7

9 Managing Resources 6.5 Identify information in a Schumer box and credit card statement Compare credit card offers using information in the Schumer box Locate information on a credit card statement 6.6 Describe signs of credit overload, consequences, and sources of help SE/ATE: 193 SE/ATE: 193 SE/ATE: 193 SE/ATE: , Create a plan to reduce or eliminate debt SE/ATE: List ways personal information can be stolen and used fraudulently Compile a list of sources of personal information and how others can use it fraudulently SE/ATE: , 163, 202 SE/ATE: , 163, Identify ways to prevent identity theft SE/ATE: , Create a visual to inform others of ways to avoid becoming an identity theft victim. For example, complete FCCLA Financial Fitness project in Cash Control unit Analyze scenarios and suggest ways to prevent identity theft 6.9 Identify actions needed to check, stop, and correct mistakes on your credit report List resources available to obtain your credit report List the steps to follow when fraudulent activity occurs SE/ATE: 163 SE/ATE: , SE/ATE: 154, 159, 162 SE/ATE: 154 SE/ATE: 159 8

10 Managing Resources Describe ways to correct mistakes found on your credit report Unit 7: Consumer Skills - Hours: 5 SE/ATE: 159, Define terms related to consumer skills Match terms to definitions 7.2 Name consumer rights and responsibilities: Rights: a. right to safety d. right to be heard c. right to choose b. right to be informed SE/ATE: 152, Responsibilities: a. to make an informed decision b. to treat merchandise with care e. to demand reliable products c. to follow product instructions d. to pay your debts Write a letter of complaint Complete FCCLA Financial Fitness project in Consumer Clout unit 7.3 Describe types of advertising (testimonials, bait and switch, sex appeal, propaganda, bandwagon, and attention getter) Analyze various types of advertisements 7.4 Determine the final cost of an item Calculate the price of an item on sale Calculate the final cost of an item, including sales tax SE/ATE: 170, 184 SE/ATE: 92 9

11 Managing Resources 7.5 Describe the factors to consider when comparison shopping Demonstrate comparison shopping techniques Compare products using unit pricing 7.6 State sources of consumer information; for example, consumer protection agencies, media, package information, salespeople, and advertising Research a product using consumer magazines and websites 7.7 Identify purposes of warranties and contracts SE/ATE: 126, , 207, 227, 246 SE/ATE: 126, , 207, 227, 246 SE/ATE: 11, 215, 227, 237, 263 SE/ATE: 207, 215, 227, 246, 288 SE/ATE: 170, 186, Analyze a warranty and a contract Unit 8: Housing and Transportation - Hours: 5 SE/ATE: 170, 186, Define terms related to housing and transportation SE/ATE: , 181, Match terms to definitions 8.2 List reasons for renting, leasing, or buying housing Chart advantages and disadvantages of renting, leasing, and buying housing SE/ATE: , 181, 182 SE/ATE: SE/ATE: 104,

12 Managing Resources 8.3 List methods of purchasing a home SE/ATE: , Compare various types of home loans SE/ATE: , Calculate the final cost of a home, including interest, for the life of the loan SE/ATE: , Identify the basic components of a lease SE/ATE: Examine and analyze a sample lease 8.5 List reasons for using public transportation versus buying or leasing a vehicle Compare choices available for obtaining transportation SE/ATE: SE/ATE: SE/ATE: Examine methods of purchasing a vehicle SE/ATE: , Calculate the final cost of purchasing and maintaining a vehicle SE/ATE: