PERSONAL FINANCE EXAM REVIEW CHECKLIST COACH by fanzhongqing

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									                               PERSONAL FINANCE
                             EXAM REVIEW CHECKLIST
                                 COACH CURTIS


STANDARD ONE: INCOME

1.1   FACTORS - “I can identify factors that affect income”

1.    “My Life – The Plan” (Activity)
2.    Education
3.    Occupation/ Salaries
4.    Aptitude
5.    MI Inventory (Activity)
6.    Resumes
7.    Interviews

1.2   EMPLOYEE BENEFITS - “I can analyze incentives in an employer benefit
                           package”
1.    Salary
2.    Stock
3.    Insurance

1.3   INFLATION - “I can demonstrate an understanding of inflation and its effect on
                       purchasing power”
1.    Defined
2.    Effects
3.    Simulation Game (Activity)
4.    History of Rates

1.4   TAXES – “I can give examples of different taxes and the different components of
                taxes.”
1.    Federal Taxes
2.    State Taxes
3.    Local Taxes
4.    Forms 1040, W2 and W4

1.5   TAXES - “I can explain the cost and benefits of paying taxes in economic terms”

1.    Benefits if Taxes
2.    Negatives of Taxes
STANDARD TWO: MONEY MANAGEMENT

2.1   MAKING FINANCIAL CHOICES - “I can design a current personal financial plan”

1.    Buying a car
2.    Shopping Wisely
3.    Diversification

2.2   FINANCIAL PLANS – “I can analyze incentives in an employee benefit package”

1.    Budgeting
2.    Post-Secondary Student Options
3.    Student Loans

2.3   BANKING – “I can explain banking services and procedures and how to best use
                 them”

1.    Defined
2.    Terms and Principles
3.    How a bank makes money
4.    Services
5.    Banking Simulation Game (Activity)

2.4   RISK – “I can analyze personal risk management”

1.    Defined
2.    Insurance terms and principles
3.    Auto Insurance
4.    Home Insurance
5.    Life Insurance
6.    Medical Insurance

2.5   CONSUMER FINANCE - “I can demonstrate basic knowledge of consumer
                         finance”
1.    Buying a car
2.    Shopping Wisely
STANDARD THREE: FINANCIAL MANAGEMENT DECISIONS

3.1   CONSUMER PROTECTION - “I can demonstrate awareness of consumer
                                  protection and information”
1.    Famous Scams
2.    Federal
2.    State
3.    Uniform Landlord Tenant Act
4.    Identity Theft
5.    Hacking
6.    Phishing

3.2   DEBT MANAGEMENT - “I can analyze consumer debt management”

1.    Good/ Bad Debt
2.    DTI
3.    Bankruptcy
4.    Chapter 7 Bankruptcy
5.    Chapter 13 Bankruptcy
6.    Restitution (Garnishment, Confiscation)

3.3   CREDIT PAYMENT - “I can explain various forms of credit payment”

1.    Credit Cards
2.    Bank Draft
3.    Line of Credit

3.4   LOANS - “I can compare and contrast various types of loans”

1.    Principles and terms
2.    Qualifying
3.    Pre-Qualifying/ Approval
4.    Buying a home
5.    Mortgages
6.    Zillow (Demonstration)
7.    Auto Loans
8.    Pawn Shops
9.    Reverse Mortgages
10.   Loan Sharking
STANDARD FOUR: SAVING AND INVESTING

4.1   REASONS - “I can explain reasons for saving and investing”

1.    Saving vs. Investing (Definitions)
2.    Reasons for saving and investing (Values, Goals, Emergency Fund)
3.    Risk/ Level of Comfort
4.    Compound Interest
5.    Estate
6.    Will and Testament
7.    Power of Attorney
8.    Medical Power of Attorney
9.    Probate Court

4.2   METHODS – “I can evaluate methods of saving money.”

1.    Savings account
2.    Certificate of Deposit
3.    Money Market Account
4.    Stocks
5.    Mutual Funds
6.    Bonds
7.    Gov. Bonds
8.    IRA
9.    Roth IRA
10.   Annuity
11.   Real Estate

4.3   OTHER ASPECTS – “I can appraise other aspects of saving and investing.”

1.    Diversification
2.    The Rule of 72

4.4   REGULATORY AGENCIES – “I can identify regulatory agencies and their
                                 function”
1.    SEC
2.    FDIC
3.    FSLIC
4.    Department of the Treasury
5.    Federal Reserve
6.    Secret Service

								
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