Explain Personal Financial Management Techniques

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                                                  Financial Management

                                                                 HBT 1061


HBT 1061 Financial Management
Credit: 0.5 Practical Arts/Technology
Grade: 10, 11, 12
Term: 1 Semester
ACP Credit: BUS116*
Book: Personal Finance, Turning Money into Wealth (4th edition)

Students will acquire financial skills including budgeting, banking, taxes, credit, money management, and comparison
shopping. *Students in the 11th and 12th grade who have successfully completed BOTH Financial Management
and Investment Management will be eligible for ACP credit.

Education Standards:
RW2.0 - Students write and speak for a variety of purposes and audiences.
RW3.0 - Students write and speak using conventional grammar, usage, sentence structure, punctuation, capitalization, and spelling.
RW4.0 - Students apply thinking skills to their reading, writing, speaking, listening and viewing.
MA1.0 - Students develop number sense and use numbers and number relationships in problem-solving situations and communicate
the reasoning used in solving these problems.
MA5.0 - Students use a variety of tools and techniques to measure, apply the results in problem-solving situations, and communicate
the reasoning used in solving these problems
MA6.0 - Students link concepts and procedures as they develop and use computational techniques, including estimation, mental
arithmetic, paper-and-pencil, calculators, and computers in problem-solving situations and communicate the reasoning used to solve
these problems

Occupational Standards:
ORG2.0 - demonstrates the ability to work effectively and efficiently



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TS3.0 - demonstrates the ability to use reasoning




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 Week                 Critical Content/Unit of Study                                Student outcomes in measurable terms
1        Economy                                                      Standard: (NBEA) Allocation of Resources- Assess opportunity
                                                                      costs and trade-offs involved in making choices about how to use
            Analyze the role of markets and prices in the U.S.       scarce economic resources.
             economy.
            Analyze the different types of market structures and     (NBEA) Economic Systems-Explain why societies develop
             the effect they have on the price and the quality of     economic systems, identify the basic features of different economic
             the goods and services produced.                         systems, and analyze the major features of the U.S. economic
                                                                      system.

                                                                      Essential Question: What influences the economy?

                                                                      Assessment:
                                                                      Students will be able to identify the internal and external economic
                                                                      factors that drive supply and demand, which in turn determine the
                                                                      growth and decline of the economy.
2-4      Income                                                       Standard: (NBEA) Earning a living-Identify various forms of
                                                                      income and analyze factors that affect income as a part of the career
            Identify various forms of income and analyze factors     decision-making process.
             that affect income as a part of the financial planning
             decision-making process.
                                                                      Essential Question: How can learning different sources of income
                                                                      help you be successful in your future?


                                                                      Assessment:
                                                                      Students will be able to identify various forms of income and
                                                                      analyze factors that affect income as a part of the career decision-
                                                                      making process.
5        Income                                                       Standard: (NBEA) Savings and Investing-Evaluate savings and



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Week                  Critical Content/Unit of Study                             Student outcomes in measurable terms
                                                                    investment options to meet short- and long-term goals.
            Evaluate savings and investment options to meet
             short-term goals.                                      Essential Question: Why is budgeting important for individuals and
            Evaluate savings and investment options to meet        organizations?
             long-term goals (including retirement and business
             succession).                                           Assessment:
                                                                    Students will be able to create a workable plan using goal-setting
                                                                    and budgeting.
6-7      Income                                                     Standard: (NBEA) Earning a living-Identify various forms of
                                                                    income and analyze factors that affect income as a part of the career
            Compute payroll deductions and employer payroll        decision-making process.
             tax payments.
                                                                    Essential Question: What is the basis for computing payroll
                                                                    deductions?

                                                                    Assessment:
                                                                    Students will be able to explain the importance of knowing about
                                                                    income taxes.

8        Income                                                     Standard: (NBEA) Personal Decision Making-Use a rational
                                                                    decision-making process as it applies to the roles of citizens,
            Develop a management plan for an entrepreneurial       workers, and consumers.
             venture.
                                                                    Essential Question: What are the skills and abilities necessary to be
                                                                    a successful entrepreneur?
                                                                    Assessment:
                                                                    Students will be able to identify the advantage and disadvantages of
                                                                    working for yourself.
9-11     Consumerism                                                Standard: (NBEA) Managing Finances and Budgeting-Develop
                                                                    and evaluate a spending/savings plan.



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Week                   Critical Content/Unit of Study                              Student outcomes in measurable terms
            Apply a decision-making model to maximize
             consumer satisfaction when buying goods and              (NBEA) Savings and Investing-Evaluate savings and investment
             services.                                                options to meet short- and long-term goals.
            Analyze housing and renting options.
                                                                      Essential Question: How do you identify the traits of a smart
                                                                      consumer?

                                                                      Assessment:
                                                                      Students will be able to demonstrate the habits of a smart shopper,
                                                                      including the cost of transportation (public/personal) and costs
                                                                      associated with living habitations.

12-13    Consumerism                                                  Standard: (NBEA) Savings and Investing-Evaluate savings and
                                                                      investment options to meet short- and long-term goals.
            Analyze choices available to consumers for
             protection against risk and financial loss (insurance    Essential Question: How can your knowledge of frauds and
             options).                                                swindles help you elude the potential of becoming a victim of fraud?

                                                                      Assessment:
                                                                      Students will be able to explain frauds and swindles and how to
                                                                      avoid them.

14-16    Money Management                                             Standard: (NBEA) Managing Finances and Budgeting-Develop
                                                                      and evaluate a spending/savings plan.
            Evaluate services provided by financial deposit
             institutions to transfer funds.                          Essential Question: How can researching and comparing financial
                                                                      institutions help you choose the best product?

                                                                      Assessment:
                                                                      Students will be able to demonstrate a basic knowledge of financial



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Week                  Critical Content/Unit of Study                                 Student outcomes in measurable terms
                                                                      institutions and the products and services they offer.
17-18    Money Management                                             Standard: (NBEA) Managing Finances and Budgeting-Develop
                                                                      and evaluate a spending/savings plan.
            Analyze factors that affect the legal aspects of using
             credit.                                                  Essential Question: How can your knowledge of personal credit
            Analyze factors that affect the choice of credit.        and borrowing influence your purchasing power?
            Analyze factors that affect the cost of credit.
                                                                      Assessment:
                                                                      Students will be able to explain the wise and unwise uses of credit
                                                                      and borrowing.




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