Course Number 07.42600
How money smart are you? Step into this course specifically designed for high school students to understand the importance of the financial world, including planning and managing money wisely. Areas of study taught through application in personal finance include sources of income, budgeting, banking, consumer credit, credit laws and rights, personal bankruptcy, insurance, spending, taxes, investment strategies, savings accounts, mutual funds and the stock market, buying a vehicle, and living independently. Based on the hands-on skills and knowledge applied in this course, students will develop financial goals, and create realistic and measurable objectives to be MONEY SMART! Through project-based learning activities and tasks, students will apply mathematical concepts in realistic scenarios and will actively engage by applying the mathematics necessary to make informed decisions related to personal finance. Financial Literacy places great emphasis on problem solving, reasoning, representing, connecting and communicating financial data.
Various forms of technologies and internet research will be highlighted to expose students to the resources available when managing personal financial goals. Employability skills are integrated into activities, tasks, and projects throughout the course standards to demonstrate the skills required by business and industry. Competencies in the co-curricular student organization, Future Business Leaders of America (FBLA), are integral components of the employability skills standard for this course.
Financial Literacy is the second course in the Business Accounting and Financial Services pathways in the Finance Cluster. Students enrolled in this course should have successfully completed Introduction to Business & Technology
Course Standard 1
Demonstrate employability skills required by business and industry.
Identify various forms of income, and analyze and evaluate factors that affect income as a part of the career decision-making process.
Analyze taxes in the United States and evaluate the effect on personal income.
Develop and evaluate a spending and savings plan while applying rational decision making to personal spending and saving choices.
Analyze checking accounts and other banking services and explain how financial institutions channel funds from savers to investors.
Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.
Evaluate savings and investment options to meet short- and long-term goals.
Analyze laws and options available to consumers for protection from deceptive or unfair business practices.
Evaluate how to help deter, detect, and defend against identify theft.
Evaluate various consumer loan options and analyze factors that affect lending decisions.
Explain the principles of risk management and insurance as a strategy to protect against financial loss.
Explore how related student organizations are integral parts of career and technology education courses through leadership development, school and community service projects, entrepreneurship development, and competitive events.