Personal Finance

The goal of personal finance is to help students become financially responsible, conscientious members of society. This course develops student understanding and skills in money management, budgeting, financial goal attainment, use of credit, insurance, investment, and consumer rights and responsibilities. This class is a one semester course opposite of Introduction to Business (so it is offered either 1st/3rd quarters or 2nd/4th quarters)

Third Quarter

*Money Management

  -Pay, Benefits, and Working Conditions

    -Understanding Pay and Benefits

   -Work Schedules and Unions

  *Federal Income Tax

    -Our Tax System

    -Filing Tax System

  *Budgets and Financial Records

    -Budgeting and Planning

    -Legal Agreements and Record Keeping

  *Checking Accounts and Banking Services

    -Checking Accounts

    -Banking Service and Fees

*Financial Security

  -Saving for the Future

    -Growing Money: Why, Where, and How

    -Saving Options: Features and Plans

  -Investing for the Future

    -Basic Investing Concepts

    -Making Investment Choices

  -Investing in Stocks

    -Evaluating Stocks

    -Buying and Selling Stock

  -Investing in Bonds

    -Evaluating Bonds

    -Buying and Selling Bonds

Fourth Semester

*Credit Management

  -Credit in America

    -Credit: What and Why

    -Types and Sources of Credit

  -Credit Records and Laws

      -Establishing Good Credit

      -Evaluating Credit and Laws

 

 -Responsibilities and Costs of Credit

 -Using Credit Wisely

    -Costs of Credit

  -Problems with Credit

    -Solving Credit Problems

    -Bankruptcy as an Option

*Resource Management

  -Personal Decision Making

    -Making Better Decisions

    -Spending Habits

  -Renting a Residence

    -Housing Choices

    -The Renting Process

  -Buying A House

    -Why Buy a House?

    -The Home-Buying Process

  -Buying and Owning A Vehicle

    -Buying A Vehicle

    -Maintaining a Vehicle

  -Family Decisions

      -Family Plans

    -Life’s Uncertainties

*Consumer Rights and Responsibilities

  -Role of Consumers in a Market

    -Our Market Economy

    -Consumer Responsibilities

  -Consumer Protection

    -Consumer Rights and Laws

    -Consumer Agencies

*Risk Management

  -Introduction to Risk Management

    -Understanding Risk

    -Managing Risk

  -Property and Liability Insurance

    -Property Insurance

    -Automobile and Umbrella Insurance

  -Health and Life Insurance

    -Health Insurance

    -Disability and Life Insurance