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Presentations and Projects on Credit Cards document sample
Presentations and Projects on Credit Cards document sample
Penns Grove High School Penns Grove-Carneys Point Regional School District A School District with a Mission Preparing Students for the 21st Century and Beyond Financial Literacy Curriculum Grades 11-12 Committee: Zenaida Cobian, Facilitator Kristin Williams, Chairperson Jennifer Baczewski Ryan Keane Board of Education Adoption: November 1, 2010 Penns Grove High School CURRICULUM MAP Financial Literacy – Grades 11 and 12 Week One Week Two Week Three Week Four Week Five Budgeting (JA Finance Park Taxes and my Salary (JA Taxes and my Salary (JA Financial Institutions (JA Budgeting (JA Finance Park Unit 3) Finance Park Unit 2) Finance Park Unit 2) Finance Park Unit 1) Unit 3) Week Six Week Seven Week Eight Week Nine JA Finance Park Field Trip? Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments Students will learn Why does “take Explain the meaning and purposes of 9.2 Personal Teacher that deductions and home pay” vary taxes and tax deductions and why fees Financial Literacy: observation fees that are taken between people? for various benefits (e.g., medical All students will out of their check benefits) are taken out of pay. 9.2.4.A.4 develop skills and Student before taxes will Discuss the pros and strategies that presentations reduce their taxable cons of pre-tax Explain the purpose of the payroll promote personal and income. deductions. deduction process, taxable income, and financial responsibility Student projects employee benefits. 9.2.8.A.7 related to financial planning, savings, Simulation Differentiate among the types of taxes investment, and Activities and employee benefits. 9.2.8.A.8 charitable giving in the global economy. Resource Differentiate between taxable and Assessments nontaxable income. 9.2.8.A.9 Student notebooks Discussions Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments By identifying short What is the value of Analyze the relationship between various 9.2 Personal Teacher and long term goals, happiness? careers and personal earning goals. Financial Literacy: observation students can work 9.2.12.A.1 All students will toward a career path Can a dollar amount develop skills and Student that will provide the be placed on health? Identify a career goal and develop a strategies that presentations financial plan and timetable for achieving it, promote personal and opportunities to How does a person including educational/training financial responsibility Student projects achieve those goals. decide if going into requirements, costs, and possible debt. related to financial debt is a good idea 9.2.12.A.2 planning, savings, Simulation There are many for meeting their investment, and Activities colleges available, goal? Analyze how the economic, social, and charitable giving in the choose a post- political conditions of a time period can global economy. Resource secondary education How do various affect starting a business and can affect Assessments that will give you income sources vary? a plan for establishing such an access to achieving enterprise. 9.2.12.A.3 Student notebooks your goals without being bogged down Summarize the financial risks and Discussions in debt. benefits of entrepreneurship as a career choice. 9.2.12.A.4 Evaluate current advances in technology that apply to a selected occupational career cluster. 9.2.12.A.5 Penns Grove High School Big Idea: Month: End. Understandings Essential Questions Skills Standards Rec.Assessments That the money they Is it possible to make Analyze and critique various sources of 9.2 Personal Teacher earn from a job is not money without income and available resources (e.g., Financial Literacy: observation the only financial earning a pay check? financial assets, property, and transfer All students will value which they can payments) and how they may substitute develop skills and Student build. Why do similar for earned income. 9.2.12.A.6 strategies that presentations products have promote personal and How currency is used different prices in Analyze different forms of currency, how financial responsibility Student projects between countries different regions? currency is used to exchange goods and related to financial and the exchange services, and how it can be transferred planning, savings, Simulation rates of the Does culture affect from one person’s business to another. investment, and Activities countries. spending and saving 9.2.12.A.7 charitable giving in the habits? global economy. Resource That different Analyze how personal and cultural Assessments countries have values impact spending and other different values and financial decisions. 9.2.12.A.8 Student notebooks how goods and services are affected Discussions by these differences. Penns Grove High School Big Idea: Month: End. Understandings Essential Questions Skills Standards Rec.Assessments The government Why does the Demonstrate how exemptions and 9.2 Personal Teacher taxes the income of government provide deductions can reduce taxable income. Financial Literacy: observation workers to provide social services? 9.2.12.A.9 All students will benefits to the develop skills and Student workers as well as Who pays for Explain the relationship between strategies that presentations those people who are government government programs and services and promote personal and unable to work. programs? taxation. 9.2.12.A.10 financial responsibility Student projects related to financial Should the Explain how compulsory government planning, savings, Simulation government be able programs (e.g., Social Security, investment, and Activities to force a person to Medicare) provide insurance against charitable giving in the pay for a government some loss of income and benefits to global economy. Resource program? eligible recipients. 9.2.12.A.11 Assessments Which insurance is banking electronically, or filing forms. Student notebooks most important? 9.2.8.B.11 Discussions Who should have Evaluate the appropriate financial insurance? institutions to assist with meeting various personal financial needs and goals. 9.2.8.B.12 Penns Grove High School Big Idea: Month: End. Understandings Essential Questions Skills Standards Rec.Assessments Foregoing what you Analyze the impact of the collective 9.2 Personal want today may bargaining process on benefits, income, Financial Literacy: allow you to get what and fair labor practice. 9.2.12.A.12 All students will you want tomorrow. develop skills and Justify the concept of “paying yourself strategies that Keeping personal first” as a financial savings strategy. promote personal and information secret is 9.2.8.B.2 financial responsibility a lifelong important related to financial process. How does collective Relate the concept of deferred planning, savings, bargaining benefit gratification to investment, meeting investment, and financial goals, and building wealth. charitable giving in the Teacher labor? 9.2.8.B.3 global economy. observation Does collective Create debit and credit balance sheets Student bargaining hurt the and income and cash statements. presentations consumer? 9.2.8.B.9 Student projects Why should saving money be a priority? Determine the most appropriate use of various financial products and services Simulation (e.g., ATM, debit cards, credit cards, Activities How does a consumer identify checkbooks). 9.2.8.B.10 Resource which method of Justify safeguarding personal Assessments payment he/she should use? information when using credit cards, banking electronically, or filing forms. Student notebooks Why is safeguarding 9.2.8.B.11 Discussions personal information important? Penns Grove High School End. Understandings Essential Questions Skills Standards Rec Assessments Saving & spending How does age affect Prioritize financial decisions by 9.2 Personal Teacher plans may need to be saving and spending systematically considering alternatives Financial Literacy: observation adjusted based on plans? and possible consequences. 9.2.12.B.1 All students will inflation and life develop skills and Student events. What affect may Compare strategies for saving and strategies that presentations inflation have on investing and the factors that influence promote personal and savings? how much should be saved or invested financial responsibility Student projects to meet financial goals. 9.2.12.B.2 related to financial When should I begin planning, savings, Simulation planning for Construct a plan to accumulate investment, and Activities retirement? emergency “rainy day” funds. 9.2.12.B.3 charitable giving in the global economy. Resource How can I maximize Analyze how income and spending plans Assessments my savings through are affected by age, needs, and tax deductions? resources. 9.2.12.B.4 Student notebooks Analyze how changes in taxes, inflation, Discussions and personal circumstances can affect a personal budget. 9.2.12.B.5 Design and utilize a simulated budget to monitor progress of financial plans. 9.2.12.B.6 Develop personal financial planning strategies that respond to and use tax deductions and shelters. 9.2.12.B.7 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments A plan must be What are the added Describe and calculate interest and fees 9.2 Personal Teacher established, with fees when spending that are applied to various forms of Financial Literacy: observation concern to expenses money? spending, debt, and saving. 9.2.12.B.8 All students will and fluctuations in develop skills and Student the market, in order How do investments Chart and evaluate the growth of mid- strategies that presentations to reach long term grow and change and long-term investments. 9.2.12.B.9 promote personal and goals. over time? financial responsibility Student projects Develop a plan that uses the services of related to financial What are some various financial institutions to meet planning, savings, Simulation services and personal and family financial goals. investment, and Activities resources available 9.2.12.B.10 charitable giving in the to help develop and global economy. Resource maintain financial Assessments goals? Student notebooks Discussions Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments Credit cards can be What are the pros Explain why people borrow money and 9.2 Personal Teacher used to help build and cons of owning a the relationship between credit and Financial Literacy: observation credit and help credit card? debt. 9.2.4.C.1 All students will achieve, both long develop skills and Student and short term goals, What types of credit Identify common sources of credit (e.g., strategies that presentations but could be are available? banks, credit card companies) and types promote personal and detrimental as well. of credit (e.g., loans, credit cards, financial responsibility Student projects How does interest mortgages). 9.2.4.C.2 related to financial affect the long term planning, savings, Simulation effects of using Compare and contrast credit cards and investment, and Activities credit? debit cards and the advantages and charitable giving in the disadvantages of using each. 9.2.4.C.3 global economy. Resource 9.2.4.C.3 Assessments Determine the relationships among Student notebooks income, expenses, and interest. 9.2.4.C.4 Discussions Determine personal responsibility related to borrowing and lending. 9.2.4.C.5 Summarize ways to avoid credit problems. 9.2.4.C.6 Compare and contrast the financial products and services offered by different types of financial institutions. 9.2.8.C.1 Penns Grove High School : End. Understandings Essential Questions Skills Standards Rec.Assessments Credit cards can be What types of credit 9.2 Personal Teacher used to help build are available and Demonstrate an understanding of the Financial Literacy: observation credit and help what effect can each terminology associated with different All students will achieve, both long have on your types of credit (e.g., credit cards, develop skills and Student and short term goals, financial plan? installment loans, mortgages) and strategies that presentations but could be compare the interest rates associated promote personal and detrimental as well. How can you protect with each. 9.2.8.C.3 financial responsibility Student projects yourself against related to financial harmful credit? Calculate the cost of borrowing various planning, savings, Simulation amounts of money using different types investment, and Activities of credit (e.g., credit cards, installment charitable giving in the loans, mortgages). 9.2.8.C.4 global economy. Resource Assessments Determine ways to leverage debt beneficially. 9.2.8.C.5 Student notebooks Determine potential consequences of Discussions using “easy access” credit (e.g., using a line of credit vs. obtaining a loan for a specific purpose). 9.2.8.C.6 Explain the meaning and possible consequences of “predatory lending practices.” 9.2.8.C.7 Explain the purpose of a credit score and credit record, and summarize borrowers’ credit report rights. 9.2.8.C.8 Summarize the causes and consequences of personal bankruptcy. 9.2.8.C.9 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments An individual’s credit What are the Compare and contrast the financial 9.2 Personal Teacher score will determine different types of benefits of different products and Financial Literacy: observation the amount of credit interest and what are services offered by a variety of financial All students will that will be extended the pros and cons of institutions. 9.2.12.C.1 develop skills and Student to them. each? strategies that presentations Compare and compute interest and promote personal and A home is one of the What types of compound interest and develop an financial responsibility Student projects most important mortgages are amortization table using business tools. related to financial investments an available and what 9.2.12.C.2 planning, savings, Simulation individual can make. does each offer? investment, and Activities Compute and assess the accumulating charitable giving in the What is a credit score effect of interest paid over time when global economy. Resource and how is it using a variety of sources of credit. Assessments calculated? 9.2.12.C.3 Student notebooks What laws are there Compare and contrast the advantages which protect both and disadvantages of various types of Discussions the buyer and the mortgages. 9.2.12.C.4 seller? Analyze the information contained in a credit report and explain the importance How does of disputing inaccurate entries. bankruptcy affect 9.2.12.C.5 both the individual and a company? Explain how predictive modeling determines “credit scores.” 9.2.12.C.6 Explain the rights and responsibilities of buyers and sellers under consumer protection laws, and discuss common unfair or deceptive business practices. 9.2.12.C.7 Evaluate the implications of personal and corporate bankruptcy for self and others. 9.2.12.C.8 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments How does the Explain the economic principle of supply 9.2 Personal Teacher principle of supply and demand. 9.2.8.D.5 Financial Literacy: observation and demand affect All students will the supply, and price, Assess the impact of inflation on develop skills and Student of goods in different economic decisions and lifestyles. strategies that presentations regions and/or 9.2.8.D.8 promote personal and countries? financial responsibility Student projects Summarize how investing builds wealth related to financial How does an and assists in meeting long- and short- planning, savings, Simulation individual begin and term financial goals. 9.2.12.D.1 investment, and Activities continue investing in Assess factors that influence financial charitable giving in the order to meet their planning. 9.2.12.D.2 global economy. Resource short and long term Assessments goals? Justify the use of savings and investment options to meet targeted Student notebooks goals. 9.2.12.D.3 Discussions Analyze processes and vehicles for buying and selling investments. 9.2.12.D.4 Compare the risk, return, and liquidity of various savings and investment alternatives. 9.2.12.D.5 Explain how government and independent financial services and products are used to achieve personal financial goals. 9.2.12.D.6 Relate savings and investment results to achievement of financial goals. 9.2.12.D.7 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments The government What investment Differentiate among various investment 9.2 Personal Teacher believes in a free opportunities are products and savings vehicles and how Financial Literacy: observation economy but has the available and what to use them most effectively. 9.2.12.D.8 All students will authority to prevent are the differences develop skills and Student misuse of this between them? Assess the role of revenue-generating strategies that presentations system. assets as mechanisms for accruing and promote personal and What has been the managing wealth. 9.2.12.D.9 financial responsibility Student projects Your pay check will historical roll of related to financial have deductions government in the Compare and contrast the past and planning, savings, Simulation going towards your financial industry and present role of government in the investment, and Activities future retirement, what has changed? financial industry and in the regulation charitable giving in the through both the of financial markets. 9.2.12.D.10 global economy. Resource government and your How do different Assessments own personal events in the Determine the impact of various market planning. financial market events on stock market prices and on Student notebooks affect one another? other savings and investments. 9.2.12.D.11 Discussions How does long term investing effect the Evaluate how taxes affect the rate of amount of taxes return on savings and investments. paid? 9.2.12.D.12 Analyze how savings, retirement plans, and other investment options help to shift current income for purposes of tax reporting and filing. 9.2.12.D.13 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments Taxes and other What are the Identify ways interest rates add to the 9.2 Personal Teacher charges must be differences between cost of goods and services. 9.2.4.E.2 Financial Literacy: observation taken into account the “real” cost of All students will when purchasing good and their Identify personal information that should develop skills and Student goods and services. advertized prices? not be disclosed to others and the strategies that presentations possible consequences of doing or not promote personal and Your personal How should you doing so. 9.2.4.E.6 financial responsibility Student projects information and protect yourself from related to financial protection are only deceptive people and Recognize the techniques and effects of planning, savings, Simulation secure if you take agencies? deceptive advertising. 9.2.8.E.7 investment, and Activities responsibility to charitable giving in the make sure that they How does society Analyze and apply multiple sources of global economy. Resource are protected. effect financial financial information when prioritizing Assessments prioritization? financial decisions. 9.2.12.E.1 Mass media and Student notebooks popular culture How do businesses Determine how objective, accurate, and continuously affect practices effect current financial information affects the Discussions the market and society? prioritization of financial decisions. peoples’ buying 9.2.12.E.2 habits. Evaluate how media, bias, purpose, and validity affect the prioritization of consumer decisions and spending. 9.2.12.E.3 Evaluate business practices and their impact on individuals, families, and societies. 9.2.12.E.4 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments There are individuals How do contracts 9.2 Personal Teacher and companies out protect both the Evaluate written and verbal contracts for Financial Literacy: observation there that will try to lender and the essential components and for obligations All students will take advantage of borrower? of the lender and borrower. 9.2.12.E.5 develop skills and Student you, but there are strategies that presentations ways of protecting How does the Apply consumer protection laws to the promote personal and yourself. government protect issues they address. 9.2.12.E.6 financial responsibility Student projects investors? related to financial Relate consumer fraud, including online planning, savings, Simulation How and why might scams and theft of employee time and investment, and Activities an individual need to goods, to laws that protect consumers. charitable giving in the use credit 9.2.12.E.7 global economy. Resource counseling? Assessments Determine when credit counseling is What is identity theft necessary and evaluate the resources Student notebooks and what are some available to assist consumers who wish solutions to the to use it. 9.2.12.E.8 Discussions problem? Determine reasons for the increase of identity theft worldwide and evaluate the extent to which victims of identity theft are successful in fully restoring their personal identities. 9.2.12.E.9 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments The economy of this How do different Demonstrate an understanding of the 9.2 Personal Teacher country and the cultures view the interrelationships among attitudes, Financial Literacy: observation world are constantly financial world in assumptions, and patterns of behavior All students will changing and will which they live? regarding money, saving, investing, and develop skills and Student affect your short and work across cultures. 9.2.12.F.1 strategies that presentations long term goals as How and why are promote personal and they do. taxes used to fund Summarize the concept and types of financial responsibility Student projects public initiatives? taxation used to fund public initiatives. related to financial The taxes you pay go 9.2.12.F.2 planning, savings, Simulation to publicly funded What impact does investment, and Activities programs which are the new global Assess the impact of emerging global charitable giving in the available to all of us. economy have of the economic events on financial planning. global economy. Resource future of financial 9.2.12.F.3 Assessments planning? Analyze how citizen decisions and Student notebooks actions can influence the use of economic resources to achieve societal Discussions goals and provide individual services. 9.2.12.F.4 Summarize the purpose and importance of a will. 9.2.12.F.5 Compare and contrast the role of philanthropy, volunteer service, and charities in community development and quality of life in a variety of cultures. 9.2.12.F.6 Explain the concept and forms of taxation and justify the use of taxation to fund public activities and initiatives. 9.2.12.F.7 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments Starting your own How can individuals Evaluate the effects of entrepreneurship 9.2 Personal Teacher business affects the affect the economies on economic stability and quality of Financial Literacy: observation community you serve of their communities, living in local and global communities. All students will as well as yourself. countries, and/or 9.2.12.F.8 develop skills and Student foreign countries? strategies that presentations Assess the impact of the global economy promote personal and How can the global on entrepreneurial opportunities. financial responsibility Student projects market affect a 9.2.12.F.9 related to financial business in another planning, savings, Simulation country? investment, and Activities charitable giving in the global economy. Resource Assessments Student notebooks Discussions Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments Insurance policies are What is the need and Analyze the need for and value of 9.2 Personal Teacher available for your intent of insurance different types of insurance and the Financial Literacy: observation protection. policies? impact of deductibles. 9.2.8.G.5 All students will develop skills and Student Constantly reevaluate What are the Evaluate the need for different types of strategies that presentations your needs in order different types of extended warranties. 9.2.8.G.6 promote personal and to determine what insurance policies financial responsibility Student projects protection policies and what do they Analyze risks and benefits in various related to financial you need and do not cover? financial situations. 9.2.12.G.1 planning, savings, Simulation need. investment, and Activities What are the pros Differentiate between property and charitable giving in the and cons of liability insurance protection. 9.2.12.G.2 global economy. Resource insurance policies? Assessments Compare the cost of various types of insurance (e.g., life, homeowners, motor Student notebooks vehicle) for the same product or service, given different liability limits and risk Discussions factors. 9.2.12.G.3 Evaluate individual and family needs for insurance protection using opportunity- cost analysis. 9.2.12.G.4 Compare insurance policy coverage limits and related premiums and deductibles to minimize costs. 9.2.12.G.5 Differentiate the costs and benefits of renter’s and homeowner’s insurance. 9.2.12.G.6 Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments As you age, your What is health Compare sources of health and disability 9.2 Personal Teacher priorities and needs insurance and what coverage, including employee benefit Financial Literacy: observation will change as well. are the different plans, with options in another country. All students will types of plans 9.2.12.G.7 develop skills and Student available? strategies that presentations Compare and contrast options for long- promote personal and When should the term healthcare insurance for home care financial responsibility Student projects government step in and external care. 9.2.12.G.8 related to financial and provide health planning, savings, Simulation insurance for its Explain how to self-insure and how to investment, and Activities citizens? determine when self-insurance is charitable giving in the appropriate. 9.2.12.G.9 global economy. Resource Assessments Determine when and why it may be appropriate for the government to Student notebooks provide insurance coverage, rather than private industry. 9.2.12.G.10 Discussions Penns Grove High School End. Understandings Essential Questions Skills Standards Rec.Assessments 9.2 Personal Financial Literacy: All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
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