• "The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively." -- Bob Marley

     
     
    Career & Financial Management
     
     Financial Success
     

    Why Teaching Financial Education is Important:
     

    Financial education plays an important role in guiding individuals to achieve their financial goals and contribute to the economic well-being of society as a whole.

    • Without a certain level of financial knowledge, consumers can have difficulty making wise decisions in today's complicated financial marketplace.
    • This lack of financial knowledge underscores the need for educating people in basic financial issues so they are able to make wise consumer decisions and become financially successful in society.
    • Financial education is an important life skill for people at all socio-economic levels.

     

    The purpose of this course is to: 

    • Educate high school students about sound money management skills and the financial planning process.
    • Help teens begin to develop positive behaviors that are necessary to attaining financial maturity and achieving a secure future.

    In the future, individuals who understand financial planning concepts and investment principles will have a significant advantage over those who do not.

     
     
    Units of Study:

     

    Unit 1: Money Management: Control Your Cash Flow

    •  Explore how spending and savings and values impact your finances
    • Set Financial goals that are specific and measurable
    • Apply strategies to be mindful about spending decisions
    • Create a Spending plan to reach your goals
    •  Figure out ways to maintain a positive cash flow
     

     Unit 2: Borrowing: Use Don't Abuse
     
    • Weigh the benefits and risks of borrowing
    • Compare the costs and terms of borrowing options
    • Start the journey to establish a good credit rating
    • Explore the rights and responsibilities of borrowers and lenders
    • Protect yourself from Identity fraud

    Unit 3:  Earning Power: More Than a Paycheck
    •  Explore the payoffs of investing in yourself
    •  Measure the value of employee benefits
    • Assess factors that impact personal tax liability and take-home pay
    • Start down the path to achieving your lifestyles and financial goals
    • Prepare to deal with life and work changes

    Unit 4: Investing: Money Working for You 
    •  Explore how saving and investing can be used to build wealth
    • Explore how investing work
    •  Explore the risks and rewards of several types of investment
    • Outline strategies to achieve investing goals
    • Outline a long-range investment game plan

    Unit 5:  Financial Services: Care for Your Cash
    • Explain how services are used to handle business transactions
    • Select banking tools and technology to handle personal business transactions
    • Protect your personal account information
    • Select a financial service provider
    • Demonstrate how to manage spending and banking transactions

    Unit 6:  Insurance: Protect What You Have
    •  Justify reasons to be insured
    •  Investigate how insurance works
    •  Choose insurance for specific needs and situations
    • Compare auto insurance options
    • Plan ahead to minimize insurance costs and costs of unexpected events

     Your Career: Your Future 
    • Examine how a career choice and lifestyle affect your financial plan
    • Examine the relationship of career choice and earning potential
    • Explore how education and training affect career choices and earning potential
    • Consider the value and choices of career preparation
    • Examine how employment benefits enhance earning potential
    • Identify factors that affect earning potential and financial planning
    • Compare the advantages and disadvantages of working for yourself versus working for others.
     

     ** The teacher reserves the right to alter this syllabus at any time during the course 

     

     Grading 2019-2020:

    Teacher created rubrics and on-line assessments. If absent, students are required to make up work upon their return. It is the student’s responsibility to find out what was missed and make-up work within a reasonable amount of time. Summative assessment is a final exam.

     

     

    Classwork/Projects

    Tests/Quizzess

    60%

    40%

     

    Students are expected to make up missed assignments in a timely manner.


     
    Teacher Availability: 
     

    Extra Help:

    Fall 2019- Spring 2020 by appointment during lunch in C-106.

    If you are absent please check schoology for assignments. 

     
     
     

    How Parents Can Reinforce What is Learned:

    Share your own experiences to reinforce what is learned in class. Use one of these approaches to talk about money with your teen.

    • Share examples of how your families budget changes over time and with that comes changes in priorities.
    •  Include your teen in spending decisions such as selecting TV or Internet service, choosing a phone plan, buying a car, or creating a grocery shopping list.
    •  If your teen works or receives an allowance, encourage him or her to set goals for how the money will be used for saving and spending each month or during the school year.

    As a parent, you have a critical role to play. Your teen is likely to ask you questions about some of these topics we’ll be covering.  Together we can help your teen with this as they start on their path toward a sound financial future.

     
     

    Personal Finance Standards*
     
    The growing emphasis on financial literacy has highlighted the need for students to learn how to navigate the financial decisions they must make and how to make informed decisions related to managing finances and budgeting, saving and investing, living independently, earning and reporting income, buying goods and services, using credit, banking, and protecting against risk.
     
    The standards reflect this emphasis.Knowing, understanding, and applying these concepts offers the necessary analytical tools for addressing economic issues, both personal and societal. Understanding economic principles and developing sound financial literacy skills provide the basis for responsible citizenship, financial solvency, and career success.
     
     
    I. Personal Decision Making
    Achievement Standard: Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers.
     
    II. Earning and Reporting Income
    Achievement Standard: Identify various forms of income and analyze factors that affect income as a part of the career decision-making process.
     
    III. Managing Finances and Budgeting
    Achievement Standard: Develop and evaluate a spending/savings plan.
     
    IV. Saving and Investing
    Achievement Standard: Evaluate savings and investment options to meet short- and long-term goals.
     
    V. Buying Goods and Services
    Achievement Standard: Apply a decision-making model to maximize consumer satisfaction when buying goods and services.
     
    VI. Banking and Financial Institutions
    Achievement Standard: Evaluate services provided by financial deposit institutions to transfer funds.
     
    VII. Using Credit
    Achievement Standard: Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.
     
    VIII. Protecting Against Risk
    Achievement Standard: Analyze choices available to consumers for protection against risk and financial loss.
     
    *From the National Standards for Business Education © 2007 by the National Business Education Association