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STANDARDS

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  • pg 1
									                       Correlation of


            Managing Your Personal Finances, 6/E,
                 by Joan S. Ryan, © 2010,
                   ISBN 10: 0538449373;
                 ISBN 13: 9780538449373

                             to

              Tennessee’s Business Technology
                 Curriculum Standards for
              Personal Finance, Grades 11-12
STANDARDS                                   PAGE REFERENCES
CORRELATION TO TENNESSEE’S BUSINESS TECHNOLOGY STANDARDS, PERSONAL FINANCE, GRADES 11-12
TITLE: MANAGING YOUR PERSONAL FINANCES, 6/E, BY JOAN S. RYAN, © 2010,
ISBN 10: 0538449373; ISBN 13: 9780538449373
PUBLISHER: CENGAGE LEARNING, INC.
                                      STANDARDS                                                                        PAGE REFERENCES
Course Description:
Personal Finance is a course designed to help students understand the impact of
     individual choices on occupational goals and future earnings potential. Real world
     topics covered will include income, money management, spending and credit, as
     well as saving and investing. Students will design personal and household
     budgets; simulate use of checking and saving accounts; demonstrate knowledge
     of finance, debt, and credit management; and evaluate and understand insurance
     and taxes. This course will provide a foundational understanding for making
     informed personal financial decisions.
Standard 1.0
Analyze factors affecting income throughout the life span.                                p. 115-123, 136-138, 162-169
1.1 Interpret factors affecting income.                                                   p. 115, 116, 117, 118, 119, 120, 121, 122, 123
    a. Career choices and potential income                                                p.115-125, 142, 143
    b. Educational requirements/training costs                                            p. 14, 15, 16, 17
    c. Educational level                                                                  p. 14, 15, 16, 17
1.2 Analyze employer benefits packages.                                                   p. 121, 122, 123
    a. Savings plan                                                                       p. 123
    b. Retirement                                                                         p. 123
    c. Insurance                                                                          p. 122, 123
    d. Leave (vacation, sick, etc.)                                                       p. 121, 122
    e. Stock purchase                                                                     p. 123
    f. Educational reimbursement                                                          p. 121
    g. Incentive plans                                                                    p. 121, 123
    h. Cafeteria plan                                                                     p. 123
1.3 Demonstrate an understanding of inflation and its effect on purchasing power.         p. 240, 277, 322, 324, 643-648
    a. Cost and availability of goods                                                     p. 277, 643-648
    b. Effect of cost on availability of and demand for goods                             p. 277, 643-648
    c. Inflation’s effect on the value of money                                           p. 240, 324, 646-648



3a265e80-4c12-4135-a5ef-04104445d51a.doc                                                                                                   Page 2 of 7
CORRELATION TO TENNESSEE’S BUSINESS TECHNOLOGY STANDARDS, PERSONAL FINANCE, GRADES 11-12
TITLE: MANAGING YOUR PERSONAL FINANCES, 6/E, BY JOAN S. RYAN, © 2010,
ISBN 10: 0538449373; ISBN 13: 9780538449373
PUBLISHER: CENGAGE LEARNING, INC.
                                  STANDARDS                                                                           PAGE REFERENCES
1.4 Examine the components of paying taxes.                                              p. 117, 136-139, 141-155,
    a. Types of taxes (Federal, State, County, City)                                     p. 117, 136-139
    b. Personal and employer tax responsibilities                                        p. 117, 120, 136-138, 141-158
    c. Various documents for reporting taxes (W-2, W-4, 1040, 1040-EZ)                   p. 89-92, 147-155
1.5 Analyze the costs and benefits of paying taxes.                                      p. 136-138, 141-158
    a. Cost of government services (Police and fire protection, schools, roads, Social   p. 117, 119, 120, 121, 136
       Security, AFDC, parks and recreation, etc.
Standard 2.0
Evaluate practices for successful money management.                                      p. 162-169
2.1 Apply a decision making process to personal financial choices.                       p. 162-169, 447-450
2.2 Design a current personal financial plan.                                            p. 162-169, 211-217 (Assessing Your Financial Health)
2.3 Create a realistic household budget that includes the following items.               p. 162-169, 211-217 (Assessing Your Financial Health)
    a. Short-term components – saving and spending (housing, utilities, food,            p. 183 ( Solve & Explore Problems), 211-217 (Assessing Your Financial Health)
       entertainment, clothing, transportation, personal items, insurance, etc.
    b. Long-term components – saving and spending (estate planning, wills,               p. 183 ( Solve & Explore Problems), 211-217 (Assessing Your Financial Health)
       insurance, long-term care)
2.4 Understand banking procedures and services.                                          p. 186-196, 199- 204
    a. Checking and savings accounts (maintaining and reconciling)                       p. 186-196
    b. Bank service fees                                                                 p. 199-203
    c. Payment methods                                                                   p. 199-203
    d. Debit, bank, and automatic teller machine (ATM) cards                             p. 200-201
    e. Loans                                                                             p. 202
2.5 Analyze personal risk management (insurance).                                        p. 567-637
    a. Health                                                                            p. 605-612
    b. Life                                                                              p. 615-621
    c. Homeowners                                                                        p. 587-591
    d. Auto                                                                              p. 594-599
    e. Renters                                                                           p. 586-587
3a265e80-4c12-4135-a5ef-04104445d51a.doc                                                                                                             Page 3 of 7
CORRELATION TO TENNESSEE’S BUSINESS TECHNOLOGY STANDARDS, PERSONAL FINANCE, GRADES 11-12
TITLE: MANAGING YOUR PERSONAL FINANCES, 6/E, BY JOAN S. RYAN, © 2010,
ISBN 10: 0538449373; ISBN 13: 9780538449373
PUBLISHER: CENGAGE LEARNING, INC.
                                   STANDARDS                                                                      PAGE REFERENCES
    f. Disability                                                                    p. 613, 614
    g. Long-term care                                                                p. 545, 546, 613
Standard 3.0
Analyze the risks, costs, and benefits of financial management decisions.            p. 447-450, 455-462
3.1 Demonstrate knowledge of basic principles of consumer finance.                   p. 367, 368
    a. Credit worthiness                                                             p. 378, 379, 383
    b. Purchases                                                                     p. 447-450, 450-452, 455-462
    d. Goods/Services                                                                p. 447-450, 450-452, 455-462
    e. Consumer loans/credit life insurance                                          p. 363- 370, 615, 617, 627, 628
    f. Opportunity cost                                                              p. 449
    g. Consequences of purchasing choices                                            p. 447-450
3.2 Demonstrate awareness of consumer protection and information.                    p. 386-391, 666-671
    a. Personal responsibility                                                       p. 398- 402
    b. Laws and regulations                                                          p. 398-391, 674-678
    c. Legal documents, including contracts                                          p. 327
    d. Consumer protections                                                          p. 386-391, 516-518
    e. Crimes against consumers                                                      p. 685
    f. Fraud/Scams                                                                   p. 400,401,423,424,651,653
    g. Loan Sharking                                                                 p.368
    h. Identify theft/protection                                                     p. 654, 679
    i. Credit reporting services (Equifax, Trans Union, Experian)                    p. 376-378, 383-386
    j. Rental/lease                                                                  p. 480- 486
3.3 Analyze consumer debt management.                                                p. 357-360, 363-370, 375-381, 383-391, 397-403, 405-411, 418-424, 427-433
    a. Credit card use and abuse                                                     p. 363-366, 380, 400, 402, 418, 419
    b. Credit costs (interest- including APR, penalties, fees, credit score, etc.)   p. 359, 360, 370, 376, 377, 384-386, 405-411
    c. Loan consolidation (benefits and disadvantages)                               p. 422, 423
    d. Credit Counseling                                                             p. 421, 422
3a265e80-4c12-4135-a5ef-04104445d51a.doc                                                                                                        Page 4 of 7
CORRELATION TO TENNESSEE’S BUSINESS TECHNOLOGY STANDARDS, PERSONAL FINANCE, GRADES 11-12
TITLE: MANAGING YOUR PERSONAL FINANCES, 6/E, BY JOAN S. RYAN, © 2010,
ISBN 10: 0538449373; ISBN 13: 9780538449373
PUBLISHER: CENGAGE LEARNING, INC.
                                    STANDARDS                                                                      PAGE REFERENCES
    e. Credit problems including bankruptcy, foreclosure, repossession, surrender of   p. 427-433
       collateral (turn back), delinquency, garnishment, effect on employment and
       purchase of insurance, etc.
3.4 Examine various forms of credit payment.                                           p. 359, 405-411
    a. Installment                                                                     p. 365
    b. Bank draft                                                                      p. 199
    c. Layaway                                                                         N/A
    d. Electronic (Internet, debit card, electronic transfer, credit card)             p. 363-364
3.5 Compare and contrast various types of loans.                                       p. 492-497, 500-505
    a. Mortgage                                                                        p. 171, 323-324, 494, 495, 502, 503, 505, 557, 558
    b Balloon                                                                          N/A
    c. Installment                                                                     p. 365, 515-516
    d. Education/Training loans                                                        p. 15 , Training for Jobs- Employee Sponsored
    e. Check cashing businesses                                                        p. 369 – Net Bookmark
    f. Personal                                                                        p. 380
    g. Secured and unsecured                                                           p. 428
    h. Line of credit                                                                  p. 359, 360, 363
    i. Equity                                                                          p. 312, 323, 493, 494
    j. Title loans                                                                     p. 503, 504, 522
    k. Pawn shops                                                                      p. 368, 369


Standard 4.0
Investigate opportunities available for saving and investing.                          p. 228-233, 240-246, 322-329
4.1 Identify reasons for saving and investing.                                         p. 219-225, 228-233, 240-246, 322-329
    a. Education                                                                       p. 220
    b. Emergencies/rainy day                                                           p. 219
    c. Short term goals                                                                p. 219, 536, 537
   d. Long term goals                                                                  p. 220, 221, 536, 537
3a265e80-4c12-4135-a5ef-04104445d51a.doc                                                                                                    Page 5 of 7
CORRELATION TO TENNESSEE’S BUSINESS TECHNOLOGY STANDARDS, PERSONAL FINANCE, GRADES 11-12
TITLE: MANAGING YOUR PERSONAL FINANCES, 6/E, BY JOAN S. RYAN, © 2010,
ISBN 10: 0538449373; ISBN 13: 9780538449373
PUBLISHER: CENGAGE LEARNING, INC.
                                  STANDARDS                                                                          PAGE REFERENCES
    e. Retirement                                                                       p. 221, 322-329
    f. Down payment                                                                     p. 219
4.2 Evaluate methods of saving.                                                         p. 228-233
    a. Certificates of Deposit                                                          p. 228, 229
    b. Interest bearing savings account (Passbook savings)                              p. 228
    c. Individual Retirement Account (IRA) – Roth and traditional                       p. 332, 333
    d. Pension plans (401K, 403B, annuities, etc.)                                      p. 334, 335, 336
    e. Education savings plans                                                          p. 333


4.3 Evaluate methods of investing.                                                      p. 240-246, 249-256, 262-266, 269-277, 283-288, 291-294, 301-306, 309-313
    a. Stocks and bonds                                                                 p. 252, 253, 262-266, 269-277, 283-288, 291-294
    b. Mutual funds                                                                     p. 254, 301-306
    c. Real estate                                                                      p. 254, 309-313
    d. Annuities                                                                        p. 254, 333
    e. Business                                                                         p. 313-315
4.4 Appraise other aspects of saving and investing                                      p. 313-315
    a. Diversification                                                                  p. 243, 244, 254, 302, 311
    b. Time value of money                                                              p. 407
    c. Compound growth/Accrued interest                                                 p. 406, 407, 408, 409
    d. Rule of 72 (divide interest rate into 72 to determine number of years in which   p. 240, 241
       money will double)
    e. Risk and return                                                                  p. 243, 244, 252-255, 303


4.5 Identify regulatory agencies and their functions                                    p. 137, 668-671, 674-677
    a. Federal Deposit Insurance Corporation (FDIC)                                     p. 199, 223, 225, 230
    b. Federal Savings and Loan Insurance Corporation (FSLIC)                           N/A
    c. Securities Exchange Commission (SEC)                                             p. 251, 676

3a265e80-4c12-4135-a5ef-04104445d51a.doc                                                                                                           Page 6 of 7
CORRELATION TO TENNESSEE’S BUSINESS TECHNOLOGY STANDARDS, PERSONAL FINANCE, GRADES 11-12
TITLE: MANAGING YOUR PERSONAL FINANCES, 6/E, BY JOAN S. RYAN, © 2010,
ISBN 10: 0538449373; ISBN 13: 9780538449373
PUBLISHER: CENGAGE LEARNING, INC.
                                   STANDARDS                                                                          PAGE REFERENCES
    d. Federal Reserve                                                                   p. 291, 298, 647-648
    e. Internal Revenue Service (IRS)                                                    p. 137
Standard 5.0
Apply employability skills as an integral part of the personal finance curriculum.       p. 25-31, 69-73, 76-82, 97-100
5.1 Participate in co-curricular student organization activities that enhance personal   Student participates in Unit Cases and Projects: p. 106, 107-111, 210, 211-215,
    finance skills implementing collaborative projects                                        342,343-353, 438, 439-443, 554, 5555-563, 624, 625-637, 704, 705-713




3a265e80-4c12-4135-a5ef-04104445d51a.doc                                                                                                                Page 7 of 7

								
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