Stage 1 Desired Results |
Unit 1: Introduction to Personal Finance |
Standards |
Students will be able to independently use their learning to… PF1: Future Thinking & Well-Being: Examine the role money plays in the concept of future thinking and well-being. CTE 1: Demonstrates professional standards/employability skills required by business and industry |
Meaning |
UNDERSTANDINGS Students will understand that… - Earning, Receiving, Saving, Investing, Spending and Giving all require money management skills.
- Managing money requires basic math skills, critical thinking, problem solving, decision‐making, creativity and communication.
|
ESSENTIAL QUESTIONS - How does your present self impact your future self?
- What does a “good life” mean to you?
- How are the terms well being and happy the same?
- What are three things you did today that involved money in some way?
- What is the first word you think of when you hear the word “money?”
- What would you think if you were told “My decisions regarding money affect what happens to the U.S. economy?”
- What does the statement “you are better off in a community than by yourself” mean to you?
- What do you believe are traits of people who manage their money well?
|
Acquisition |
Students will independently be able to use their learning for - Communicating the role money plays in well-being
- Examining the personal finance course principles
- Identifying the categories of money interaction.
- Exploring the concept of future thinking.
|
Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence |
Formative Assessments
| PERFORMANCE TASK(S): - Take Charge Today Advanced Level Course Introduction Activities
- Vocabulary Activity: Well-Being- feeling good about one’s life.
- Attitudes About Money Active Learning Tool 3.0.1
- Integrating Music Active Learning Tool 3.0.49
- PowerPoint Trivia Active Learning Tool 3.0.24
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Summative Assessments | - Take Charge Today Advanced Level Course Introduction - “Life is a Highway” Poster & Bumper sticker with explanation
- Taking Charge of Your Financial Well‐ Being Unit Multiple Choice Test Bank
|
Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction - Tablet Applications for the Personal Finance Classroom 3.0.52
- Take Charge of Your Finances Visual Aid 4.0.3
- Life is a Highway Visual Aid 4.1.4
- A Little Goes a Long Way Visual Aid 4.4.1
- Discussion regarding Attitudes about Money
- Human Bingo 2.1.1.A1
- Advanced Level Course Introduction Information Sheet 2.1.1.F1
- Life is a Highway – Personal Transportation 2.1.1.H1
- Advanced Level Course Introduction Note Taking Guide 2.1.1.L1
Other resources Age yourself virtually: http://faceretirement.merrilledge.com/ Age Kiosk App: https://itunes.apple.com/us/app/age‐photo‐kiosk‐hd/id415186389?mt=8 Consumer Jungle student‐oriented website: www.consumerjungle.org |
Stage 1 Desired Results |
ESTABLISHED GOALS Unit 2: Introduction to Behavioral Finance (NGPF-Mini-Unit 2) |
Standards |
Students will be able to independently use their learning to… - PF1: Future Thinking & Well-Being: Examine the role money plays in the concept of future thinking and well-being.
- PF7: Financial Decision Making: Apply Reliable information and systematic decision making to personal financial decisions
|
Meaning |
UNDERSTANDINGS Students will understand that… - Investigating changes in personal spending behavior that contribute to wealth building
- Developing a definition of wealth based on personal values, priorities, and goals
|
ESSENTIAL QUESTIONS - What is my perspective on money?
- What are the origins of those perspectives?
- How do those perspectives affect my spending behaviors?
- Would you rather have 1 diamond or 5 bottles of water? Explain why.
|
Acquisition |
Students will independently be able to use their learning for - Students will identify different ways that they relate to money
- Improving money management improves well being
- Discuss and articulate personal values about money.
|
Students will be skilled at… - I can identify different ways I can relate to money (IBF1)
- I can assess my own personal values that shape how I make a financial decision. (IBF1)
- I can describe how social media can influence spending habits. (IBF2)
- I can analyze marketing techniques from social media and advertising that encourage spending. (IBF2)
- I can recognize how various situations can affect the financial decisions I make. (IBF3)
- I can assess which of my personal values affect how I interact with money. (IBF3)
|
Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence (All Formative) |
Topic 1: Your Values and Money We will: - Identify different ways that they relate to money
- Assess their own personal values that shape how they make financial decisions
| - PLAY: The Bean Game Publisher: NGPF
- ARTICLE What Do You Value? Publisher: Smart About Money
- EXIT TICKET
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Topic 2: Social Media and Spending We will: - Understand how social media can influence spending habits
- Analyze marketing techniques from social media and advertising that encourage spending
| - QUESTION OF THE DAY: How can Facebook make you poorer?Publisher: NGPF
- VIDEO Brands Lean on ‘Influencers’ to Hook Generation Z, Publisher: Reuters TV
- The Influence of Instagram Publisher: Visual Capitalist
- ANALYZE: The Influence of Social Media Publisher: NGPF
- EXIT TICKET
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Topic 3: Your Money in Context We will: - Understand how context of various situations can affect the financial decisions they make
- Define economic terms about the paradox of value
- Assess which of their personal values most affect how they interact with money
| - EDPUZZLE (3:45)- The Paradox of Value, Publisher: Ted Ed
- PLAY: The Ultimatum Game Publisher: NGPF
- Life Values Quiz
- Publisher: Smart About Money
|
- Summative Assessment : Case Study
|
Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction Activities: - ANALYZE: Change a Bad Financial Habit
- PLAY: How Estimating the Contents of a Jar Is Like the Stock Market
- ROLEPLAY: Peer Pressure Meets College Finances
Articles: - 5 Factors That Influence Financial Decision Making
- An Introduction to Behavioral Finance
- Schwab Modern Wealth Index Survey 2019
FinCap Friday: Question of the Day: - What worries adults most when it comes to financial matters?
- Which of the following factors has the MOST negative influence on money habits: family, friends or social media?
Videos: - Influence of Influencers
- Saving for tomorrow, tomorrow
- The Battle Between Your Present and Future Self
- The Pain of Paying: The Psychology of Money
- Why We Crave What’s Cool
|
Stage 1 Desired Results |
ESTABLISHED GOALS Unit 3: Checking Accounts |
Standards |
Students will be able to independently use their learning to… - PF2: Spending & Saving: Apply strategies to monitor income and expenses, plan for spending and save for future goals.
- PF7: Financial Decision Making: Apply Reliable information and systematic decision making to personal financial decisions
|
Meaning |
UNDERSTANDINGS Students will understand that… - Write a check, make a bank deposit and balance a checkbook.
|
ESSENTIAL QUESTIONS - How do you open and use a checking account?i
- How do banks make money?
|
Acquisition |
Students will independently be able to use their learning for - Explain what a checking account is used for
- Understand the variety of ways they can deposit and withdraw funds from their checking account
- Describe the consequences of not being in the banking system
- Read a bank statement
- Understand what the various components of a bank statement mean to interpret where their money goes
|
Students will be skilled at… - Writing Checks
- Endorse a check
- Reconcile a checkbook
|
Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence (All Formative) |
Topic 1: How Checking Works We will: - Explain what a checking account is used for
- Understand the variety of ways they can deposit and withdraw funds from their checking account
- Describe the consequences of not being in the banking system
- Read a bank statement
- Understand what the various components of a bank statement mean to interpret where their money goes
| - DISCUSSION PROMPTS
- The Complete Guide to Checking Accounts, Publisher: Investopedia
- 10 Reasons to Open a Checking Account
- Publisher: Resource One Credit Union
- Top Tips on Checking Your Bank Statement
- Publisher: ASIC's MoneySmart
- The Fine Print: Checking Account Statement, Publisher: NGPF
- VIDEO (3:39): Spent: Looking for Change, Publisher: The Young Turks
- EXIT TICKET
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Topic 2: Beware of Banking Fees We will: - Identify common checking account fees and how to avoid them
- Explain how overdraft protection works and the impact of overdraft fees
- Read a Checking Account Summary
- Compare overdraft policies at major US banks
|
- VIDEO (2:03) Bank Overdraft Fees, Publisher: Consumer Reports
- ARTICLE: 7 Mobile Banking Alerts Everyone Should Activate, Publisher: Bankrate
- ACTIVITY: FINE PRINT: Checking Account Agreement, Publisher: NGPF
- ACTIVITY: COMPARE: Overdraft Fees, Publisher: NGPF
- EXIT TICKET
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Topic 3: Online Banking We will: - Analyze the prevalence of online and mobile banking as compared to more analog banking options
- Set up online bill pay as one-time and recurring payments
- Enumerate the benefits of direct deposit for their paychecks
- Navigate an online bank account
| - DATA CRUNCH:How do Consumers Use Online and Mobile Banking? Publisher: NGPF
- ARTICLE: Online Bill Pay: What It Is and Why You Should Use It, Publisher: NerdWallet
- VIDEO (0:00 - 2:00) Pay Day 101: Direct Deposit Publisher: YoungIllinoisSaves1
- ACTIVITY: INTERACTIVE: Navigate Your Online Bank Account, Publisher: NGPF
- EXIT TICKET
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Topic 4: Mobile Banking & Payment Apps We will: - Differentiate between person-to-person apps, messenger-based payments, and digital wallets
- Assess the adoption rates and conveniences of various mobile banking products
- Identify ways they can protect their money in a digital world
| - QUESTION OF THE DAY: What percent of Gen Z (14-21yo) have a payment app on their phone? Publisher: NGPF
- ARTICLE: What Are Peer-to-Peer Payments? Publisher: NerdWallet
- VIDEO (3:15): Apple Pay VP: Why We're Different than Venmo; Publisher: CNN Business
- VIDEO (0:00 - 3:40) Apple Pay vs. Samsung Pay vs. Google Pay: Which is Best? Publisher: CNET
- ARTICLE: Bank of America - Trends in Consumer Mobility Report; Publisher: Mobile Payments World
- ARTICLE : 10 Online and Mobile Security Tips Publisher: Better Money Habits
- EXIT TICKET
|
Summative Assessment : - Option A: Unit Test
- Option B: COMPARE: Select a Financial Account or Product
|
Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction Activities: - CALCULATE: Reconcile Your Checkbook
- MOVE: To Understand Overdraft Fees
Data Crunches: - How Safe Are Mobile Banking and Payments?
Videos: - How to Deposit Checks with the Mobile Banking App
- The Hub of All Financial Transactions
Quizlet Cashcabulary: Podcast: - Planet Money: The Cost of Getting Your Money Back
|
Stage 1 Desired Results |
ESTABLISHED GOALS Unit 4: Savings Accounts |
Standards |
Students will be able to independently use their learning to… - PF2: Spending & Saving: Apply strategies to monitor income and expenses, plan for spending and save for future goals
- PF7: Financial Decision Making: Apply Reliable information and systematic decision making to personal financial decisions
|
Meaning |
UNDERSTANDINGS Students will understand that… - A savings program begun early in life offers tremendous mathematical advantages (compound interest)
- Banks offer a variety of accounts and services to meet the needs of consumers Banks are a business whose profits come from collecting interest and fees from consumers The interest rates on loan accounts will always be higher than the interest rates on deposit accounts A savings program begun early in life offers tremendous mathematical advantages (compound interest)
|
ESSENTIAL QUESTIONS - How can I best meet my retirement goals?
- Why should I be concerned about retirement? (I’m only a teenager)
- Do you think you should have an emergency fund and how large do you think your fund should be?
- How can you plan a good budget?
- If you are experiencing budget deficits,
- How can you decide which expenses to cut?
- How can you increase your savings?
- How do banks make money?
|
Acquisition |
Students will independently be able to use their learning for - Use a plan to manage spending and achieve financial goals
- Investigate changes in personal spending behavior that contribute to wealth building
- Illustrate how the concept of the time value of money applies to retirement planning
- Compare consequences of delaying investment for retirement and benefits of investing early
- Develop a contingency plan to deal with events, such as a car breakdown or a phone loss that might affect personal finances on short notice
- Develop a personal financial plan, including goals, spending-and-saving plan, investing plan, insurance plan, a net worth statement and an estate plan
- Investigate account management services that financial institutions provide
|
Students will be skilled at… |
Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence (All Formative) |
Save Early & Often - Describe how saving and investing are different
- Understand the fundamentals of saving such as reasons for saving, how much to save, and strategies to enable saving
- Explain why it is important to start investing for retirement when you are still young
| - QUESTION OF THE DAY: What worries adults most when it comes to financial matters? Publisher: NGPF
- VIDEO (3:22) How Much Should I Save? Kal Penn Explains Publisher: Mashable
- VIDEO (1:54) The Difference Between Saving & Investing Publisher: Franklin Templeton TV
- ARTICLE: 5 Simple Saving Tricks Publisher: The Mint (themint.org)
- ACTIVITY: CARTOONS: Why is it So Hard to Save Money? Publisher: NGPF
- EXIT TICKET
|
The Challenges to Saving- Identify everyday obstacles Americans experience when trying to save money
- Recognize the impact of inflation on savings
- Experience simulated challenges of living paycheck to paycheck
- Understand why it is important to maintain an emergency fund
| - ARTICLE: Five Reasons Why We Impulse Buy Publisher: Psychology Today
- ARTICLE: How Facebook Can Destroy Your Finances, Publisher: MarketWatch
- VIDEO (2:09): Living Paycheck to Paycheck Publisher: WTHR
- ARTICLE: Credit Cards Encourage Extra Spending Publisher: New York Times
- VIDEO (3:18): How to Counter the Effects of Inflation: Publisher: SchoolsFirst FCU
- ACTIVITY: INTERACTIVE: Living Paycheck to Paycheck Publisher: NGPF
- VIDEO (1:42) 3 Things You Need to Know About an Emergency Fund Publisher: Fidelity Investments
- EXIT TICKET
|
Strategies to Save- Identify various rules of thumb and strategies to save money
- Determine whether a direct deposit or manually saving is the better strategy for them
- Understand how compound interest works to increase savings
| - CREATE: Your Savings Goals Publisher: NGPF
- ARTICLE: New to Budgeting? Why You Should Try the 50-20-30 Publisher: Forbes
- VIDEO (2:58) Pay Yourself First Publisher: Clarity Credit Union
- ARTICLE: NerdWallet’s 4 Best Money Saving Apps Publisher: NerdWallet
- VIDEO (1:59): Compound Interest Explained; Publisher: Investopedia
- ACTIVITY: CREATE: Your Savings Goals Part 2Publisher: NG PF
|
Where to Save- Explain the difference between a checking and savings account
- Compare different savings vehicles such as a savings account, CD, and money market account
- Identify important criteria to consider when selecting a savings account
| - VIDEO (2:58): What's the Difference Between Checking & Savings? Kal Penn Explains; Publisher: Mashable
- ARTICLE: Finances 101: Tips on Opening a Savings Account Publisher: Quicken
- ACTIVITY: COMPARE: Types of Saving Accounts Publisher: NGPF.
- ACTIVITY: CREATE: Your Savings Goals Publisher: NGPF
- EXIT TICKET
|
Summative Assessment : - Option A: Unit Test
- Option B: Case Study: Saving CS: Save Me!
- Option C: PROJECT: Use a PSA to Inspire Saving
|
Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction - RESEARCH: Online Tools and Apps
- Is Your Piggy Bank a Source of Happiness?
- Saving and Succeeding with Friends ✴Diverse Learning
- Data Crunch: Why Are Young People Saving Less?
- Visualizing the Extraordinary Power of Compound Interest
- Millennials on Investing, Debt, and Banking
- The Most Common Mental Mistakes We Make
- Interactives and Simulations:
- Planning for Retirement in Your 20s
- The Rule of 72
- Quizlet Cashcabulary: Saving Cash Cabulary
|
ESTABLISHED GOALS Unit 5: Credit |
Standards |
Students will be able to independently use their learning to… - PF3: Credit & Debt: Develop strategies to control and manage credit and debt
- PF7: Financial Decision Making: Apply Reliable information and systematic decision making to personal financial decisions
|
Meaning |
UNDERSTANDINGS Students will understand that… - Explain how credit card grace periods, methods of interest calculation and fees affect borrowing cost
- Categorize the types of information needed when applying for credit
- Compare the total cost of reducing a credit card balance to zero with minimum versus above- minimum payments, all other terms being equal and no further purchases being made
- Summarize the terms of a credit card or other loan agreement
- Explain how to verify printed and online account statements for accuracy
- Analyze how a credit score affects creditworthiness and the cost of credit
|
ESSENTIAL QUESTIONS - What are the various types of credit that can be used to borrow money?
- What are the three credit score reporting agencies?
- What are the factors that influence credit scores?
- What are the different types and causes of bankruptcy?
|
Acquisition |
Students will independently be able to use their learning for - Demonstrate how to use comparison shopping skills to buy and finance a car
- Summarize the terms of a credit card or other loan agreement
- Decide the most cost-effective option for paying for a car
|
Students will be skilled at… - Compare the cost of borrowing $1,000 by means of different consumer credit options
- Differentiate between adjustable- and fixed-rate mortgages
- Predict the potential consequences of deferred payment of student loans
- Demonstrate how to negotiate the sales price of a major purchase such as a car or a motorcycle
|
Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence (All Formative) |
Intro to Credit Students will be able to - Explain why a person may need or want credit
- Identify the major types of credit and their characteristics
- Understand the three basic components of lines of credit: principal, interest rate, and term
| - VIDEO (3:51) Loan Basics
- ACTIVITY: ANALYZE: Categorizing Credit
- INTERACTIVE
- Shady Sam
- EXIT TICKET
|
How Credit Cards Work Students will be able to - Explain how a credit card works in terms of making purchases and managing payments
- Read a Schumer box and identify how terms of the card impact total cost of purchases
- Understand how interest is charged and how to avoid or minimize it
| - VIDEO (4:31): Credit Card Debt Explained
- INTERACTIVE: Cat Insanity
- ARTICLE: Decipher Credit Card Offers With the Schumer Box
- FINE PRINT: Schumer Box
- EXIT TICKET
|
- Young People & Credit Cards
- Students will be able to
- Enumerate the differences between debit and credit cards
- Identify at least 3 ways a young adult can gain access to a credit card, even before they are 21
- Explain why a secured credit card is an excellent way to build credit
- Read a credit card monthly statement
| - VIDEO (2:19): Credit vs. Debit Cards
- INFOGRAPHIC: A Quick Introduction to Credit
- VIDEO (2:21): What Is a Secured Credit Card?
- VIDEO (3:30): How to Read Your Credit Card Statement
- ACTIVITY: FINE PRINT: Credit Card Statement
- EXIT TICKET
|
Select a Credit Card Students will be able to - Explain the importance of annual fee, APR, penalty fees and rates, and grace period when selecting a credit card
- Evaluate the benefit of common credit card perks and rewards
- Select a credit card best suited to their needs
| - VIDEO (0:31) Visa Rewards Credit Card Commercial
- VIDEO (0:31): Bank of America Cash Rewards Credit Card Commercial
- VIDEO (0:30):First Florida Bank - Credit Card Commercial
- VIDEO (0:37 - 2:34): 5 Things to Consider When Applying for a Credit Card
- ACTIVITY: COMPARE: Select a Credit Card
- EXIT TICKET
|
Loan Fundamentals Students will be able to - Differentiate between amortized installment loans and revolving credit lines
- Read an amortization table and understand how the payments are structured
- Consider whether taking out a loan is a good or bad idea in a given circumstance
| - DATA CRUNCH: How Easy Is It To Get a Loan?
- VIDEO (1:38): Car Loan Interest Explained (The Easy Way)
- ANALYZE: Understanding Amortization
- VIDEO (2:43): Preparing Your Child to Make Borrowing Decisions
- EXIT TICKET
|
Understanding Auto Loans Students will be able to - Calculate how much an auto loan will cost given special offers as well as standard factors such as down payment, APR, and term
- Compare auto loan offers and decide how they fit within your budget
- Negotiate with car salespeople to get the best deal
| - INTERACTIVE: Estimate Your Monthly Car Loan Payment
- COMPARE: Auto Loans
- VIDEO (4:52): The Art of the Deal: How to Haggle for a Used Car
- EXIT TICKET
|
Student Loan Repayment Students will be able to - Identify steps they can take to prepare for student loan repayment
- Understand the different loan repayment options available
- Analyze sample graduate profiles and choose the repayment option that works best in the context of an individual’s situation
| - ARTICLE: Graduating? Here’s What to Know About Your Student Loans
- REFERENCE: Student Loan Repayment Plans
- VIDEO (1:41) : Student Loan Repayment Options
- COMPARE: Which Repayment Option is Best?
- EXIT TICKET
|
Understanding Mortgages Students will be able to - Explain what a mortgage is and why most Americans require one to finance a home
- Use a mortgage calculator to explore how downpayment, credit score, interest rate, and term all impact the total cost of buying a home
- Distinguish between fixed- and adjustable-rate mortgages
| - DATA CRUNCH: What Percentage of US Households Own Homes?
- VIDEO (1:48): Mortgage Basics
- CALCULATE: Using a Mortgage Calculator
- REFERENCE: Which Type of Mortgage Is Right for You?
- EXIT TICKET
|
Summative Assessment : - Option A: Unit Test :
- Option B: PROJECT: Budgeting for your Credit Card Payments
|
Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction - PLAY: Should They Open a Credit Card?
- COMPARE: Shopping with Interest
- RESEARCH: Credit Card Laws WebQuest
- Credit Card Security Tip
- Mom, Can You Co-Sign My Credit Card?
- Understanding Auto Loan Basics
- 4 Ways a 0% APR Credit Card Can Actually Hurt Your Credit
- Why We Spend More When We Pay With Credit Cards
- Can't Afford Your Car Payment? Here's What To Do.
- Credit Cards: It’s Real Money
- Interactives & Simulations:
- Find the Best Credit Cards For You
- Credit Card Grace Periods: Sally’s $1 Slip
- How to Maximize Your Credit Card Rewards
- Secured Cards: Frequently Asked Questions
- Secured vs. Unsecured Loans
- Types of Credit Cashcabulary Sets
|
ESTABLISHED GOALS Unit 6: Investing |
Standards |
Students will be able to independently use their learning to… - PF3: Credit & Debt: Develop strategies to control and manage credit and debt
- PF5: Investing: Implement a diversified investment strategy that is compatible with
personal financial goals - PF7: Financial Decision Making: Apply Reliable information and systematic decision making to personal financial decisions
|
Meaning |
UNDERSTANDINGS Students will ... - Illustrate how the concept of the time value of money applies to retirement planning
- Compare consequences of delaying investment for retirement and benefits of investing early
- Give examples of how economic conditions and business factors affect the market value of a stock
- Investigate reasons to use retirement savings plans and health savings accounts
- Examine the benefits of participating in employer-sponsored retirement savings plans
- Give examples of how employer matching contributions to employer-sponsored retirement plans and vesting schedules affect participating employees
- Compare the advantages of taxable, tax-deferred and tax-advantaged investments for new savers, including Roth IRAS and employer-sponsored retirement vehicles
|
ESSENTIAL QUESTIONS - What are different investment options, other than savings accounts?
- What political or social events in history have impacted the stock market?
- Why should beginning investors choose low-risk investments?
|
Acquisition |
Students will independently be able to use their learning for - Compare and contrast a typical savings account to high and low risk investment options.
- History of economic events as related to the stock market.
- Forecast of future events that could impact the stock market.
|
Students will be skilled at… - Students will be able to justify the use of savings and investment options to meet targeted goals.
- Students will be able to compare the risk, return and liquidity of various savings and investment alternatives.
- Students will be able to determine the impact of various market events on stock market prices and on other savings and investment
|
Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence (All Formative) |
- Investing Basics
- Students will be able to
- Recognize the value of young people investing early, regularly, and long-term to extract maximum earnings from their investments
- Explain how compound interest works and how to harness its power when saving and investing
| - INFOGRAPHIC: A Simple Introduction to Investing
- VIDEO (1:59): Compound Interest Explained
- ANALYZE: Investing for Retirement
- EXIT TICKET
|
Stocks, Bonds, & Mutual Funds Students will be able to - Identify the differences between stocks and bonds
- Explain how risk tolerance plays a role in determining your asset allocation
- Understand the power of diversification when building your investment portfolio
| - VIDEO (3:33): How The Stock Exchange Works
- VIDEO (1:42): Stocks and Bonds 101
- REFERENCE & ACTIVITY: Stocks, Bonds, & Mutual Funds
- VIDEO (2:52): The Power of Diversification
- EXIT TICKET
|
Index Funds & TDFs Students will be able to - Differentiate various approaches you can take towards investing and identify which one is best suited for you
- Explain what a Target Date Fund is and how it can be useful in reaching your retirement goals
- Apply everything you’ve learned about investing through an online interactive game
| - INFOGRAPHIC: How to Start Investing: A Simple Guide
- VIDEO (3:08): Choosing the Right Target Date Fund
- INTERACTIVE: Build Your Stax
- EXIT TICKET
|
Start Investing Students will be able to - Explain what a 401(k) and a Roth IRA are and how they differ
- Choose funds in a 401(k) for a retirement fund
| - VIDEO (2:36) What is a 401(k)?
- ROLEPLAY: Sign Up for a 401(k)
- VIDEO (3:47) Why I Love Roth IRAs!
- EXIT TICKET
|
Summative Assessment : - Option A: Unit Test
- Option B: PROJECT: Build Your Portfolio
|
Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction - ANALYZE: Dollar Cost Averaging in Action
- FINE PRINT: Index Fund Fact Sheet
- READ: 25 Investing Basics
- What Have Stock Market Returns Been Over the Past 90 Years?
- This 48 Minute Podcast Explains the Investing Revolution (Freakonomics)
- Vanguard’s Jim Rowley Explains Index Investing on the NGPF Podcast
- 5 Stocks on Your Birthday
- Build Your Portfolio
- How Much Would I Need to Save Monthly To Have $1 Million When I Retire?
- What Should I Invest In As A First-Time Investor?
- A Simple Introduction to Investing
- How to Start Investing: A Simple Guide
- Millennials on Investing, Debt, and Banking
- 4 Simple Rules of Investing (Marginal Revolution University)
- Buffett’s Million Dollar Bet: Index Funds vs. Hedge Funds (MarketWatch)
- Millennials Investing for Retirement the Wrong Way (USA Today)
|
ESTABLISHED GOALS Unit 7: Insurance |
Standards |
Students will be able to independently use their learning to… - PF6: Risk Management & Insurance: Apply appropriate and cost-effective riskmanagement strategies.
- PF7: Financial Decision Making: Apply Reliable information and systematic decision making to personal financial decisions
|
Meaning |
UNDERSTANDINGS Students will ... - Analyze the conditions under which it is appropriate for young adults to have life, health, and disability insurance
- Differentiate among the main types of auto insurance coverage
- List factors that determine auto insurance premiums and the factors that cause them to change
- Determine the legal minimum amounts of auto insurance coverage required in one’s state of residence and the recommended optimal amounts
- Recommend insurance for the type of risks that young adults may face
- Investigate the requirements for health insurance coverage
- Explain the purposes of long-term care insurance
- Compare sources of health and disability insurance coverage, including employee benefit plans
- Summarize the terms of a health insurance plan
- Analyze how changes in life circumstances can affect a personal spending plan
- Discuss how individual responsibility for financial well-being will change over a lifetime with changing life circumstances
- Develop a backup plan for a specific financial goal when circumstances change, such as from job loss, illness, major gift or inheritance
- Develop a contingency plan to deal with events, such as a car breakdown or a phone loss that might affect personal finances on short notice
- Risk Management and Insurance
- Identify government programs that provide financial assistance for income loss due to illness, disability or premature death
- Differentiate among the main types of auto insurance coverage
- Calculate payment expected on an auto insurance claim after applying exclusions and deductibles
- Analyze the factors that influence the cost of renters’ insurance
- Compare sources of health and disability insurance coverage, including employee benefit plans
- Summarize the terms of a homeowners’ or renters’ insurance policy
- Summarize the terms of a health insurance plan
|
ESSENTIAL QUESTIONS - What are the common types of consumer fraud in today’s society?
- What laws have been recently created to address consumer fraud?
- What steps need to be taken to restore a person’s identity once it has been stolen?
- What are the various types of insurance?
- Why is it important to carry an insurance policy?
- Who can be identified as a beneficiary?
- What insurance companies offer the best coverage and prices?
- What are the risk factors associated with the different policies?
|
Acquisition |
Students will independently be able to use their learning for - Students will be able to compare the cost of various types of insurance (e.g., life, homeowners, motor vehicle) for the same product or service, given different liability limits and risk factors.
- Students will be able to compare insurance policy coverage limits and related premiums and deductibles to minimize costs.
|
Students will be skilled at… - Different types of insurance
- Costs of coverage
- Knowledge of different insurance companies
- Risk factors
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Stage 2 - Evidence |
Evaluative Criteria | Assessment Evidence (All Formative) |
Intro to Insurance Students will be able to - Identify risks and protection strategies
- Illustrate how everyone risks financial loss and how insurance shares that risk
- Discuss factors that impact insurance premiums and the relationship between premiums and out-of-pocket expenses
| - VIDEO (3:29)Intro to Insurance
- INFOGRAPHIC: Four Types of Insurance Everyone Should Have
- INFOGRAPHIC: Insurance Premiums, Deductibles, and Limits
- INFOGRAPHIC: Relationship Between Deductibles and Premiums
- MOVE: What Determines Your Insurance Premium?
- EXIT TICKET
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Auto Insurance Students will be able to - List factors that determine auto insurance premiums
- Describe the main types of auto insurance policies and compare state requirements
- Explain a deductible, out-of-pocket expenses, and what insurance will pay for in different situations
- Choose an appropriate level of car insurance coverage
| - DATA CRUNCH: How Much Do Auto Insurance Rates Vary by Age?
- VIDEO (2:24): 5 Factors That Affect Your Auto Insurance Payment
- PLAY: Types of Car Insurance
- REFERENCE: Deductibles and Coverage Limits
- ARTICLE: Minimum Car Insurance Requirements by State
- EXIT TICKET
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Health Insurance 101 Students will be able to - Understand the importance of having health insurance
- Identify the various costs affiliated with having health insurance
- Explain how health insurance works and the different types of plans available to them
- Understand how government healthcare programs like Medicaid and CHIP work and who qualifies for them
- Explore steps they can take to lower their medical costs
| - QUESTION OF THE DAY: What percent of children under the age of 18 visit an emergency room annually?
- ARTICLE : Why Do I Need Health Insurance?
- INFOGRAPHIC: How Much Does a Hospital Stay Cost?
- VIDEO (5:24): Health Insurance Explained – The YouToons Have It Covered
- ACTIVITY: COMPARE: Types of Health Insurance Plans
- VIDEO (2:33)What Is Medicaid?
- ARTICLE: Medicaid & CHIP Coverage
- ARTICLE: Money Saving Tips If You Can’t Afford Health Care
- EXIT TICKET
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Finding a Health Insurance Plan Students will be able to - Understand how millions of Americans get their health insurance
- Explain the pros and cons of opting into their employer health plan versus buying their own
- Read the fine print on a health benefits form and shop around for a health insurance plan that works for them
- Determine what steps you can take if they are faced with expensive medical bills
| - DATA CRUNCH: How Do Americans Get Health Insurance?
- ARTICLE : Employer Health Insurance Versus Individual Plans
- REFERENCE Reference: What is a Healthcare Marketplace?
- ARTICLE: The Marketplace in Your State
- FINE PRINT: Health Benefits Form
- ARTICLE: What to Do When You Get Medical Bills You Can’t Afford to Pay
- EXIT TICKET
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Other Types of Insurance Students will be able to - Investigate other types of insurance, such as renters, long term disability, and cell phone insurance, and determine if they are worthwhile expenses
- Describe the cost and impact of larger societal forms of insurance, like Social Security
| - VIDEO (3:31): Insurance 101 - Renters Insurance
- VIDEO (2:38): How to Get Renters Insurance (Apartment Hunting 3/3)
- INTERACTIVE: What’s Your Stuff Worth?
- VIDEO (3:16): Long Term Disability Insurance 101
- ARTICLE: Social Security Napkin
- ARTICLE : Is Smartphone Insurance Worth Buying?
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Financial Impact of Insurance Students will be able to - Understand the factors that affect insurance premiums and assess an individual’s risk level based on personal information
- Reconcile the immediate cost of insurance premiums versus the unknown risk and cost of accidents, damages, etc.
| - CASE STUDY: Like a Good Neighbor, Noelle Is There
- EXIT TICKET
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Summative Assessment : - Option A: Unit Test
- Option B: DEBATE: Should the Government Be Allowed to Require Insurance?
- Option C: RESEARCH: Insurance in Your State
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Stage 3 – Learning Plan |
Summary of Key Learning Events and Instruction - CARTOONS: Insurance Coverage
- FINE PRINT: Auto Insurance Policy
- 6 Myths about Renter's Insurance - and How to Save
- 2017 Driving in America Report: The Costs and Risks
- Why Do I Need Insurance?
- How Do Deductibles and Copays Work?
- Insurance 101: Renters Insurance
- Insurance Fraud: The $80 Billion Cost of Lying
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