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Personal Finance
1st Quarter
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Unit Name: Managing Careers & Money


Unit Duration: 40 days		PLC Questions I: What is it the student is to know and do?


Students will be able to do the following:

define resources and the income payments to resources.
identify goals for the future.
recognize that choices made today affect goal attainment.
evaluate resources students possess.
analyze the relationship between education and potential income using economic reasoning.
examine personal characteristics to determine interests, skills, and knowledge related to career choices.
establish career goals.
outline the steps required to reach career goals.
describe an effective job interview process.
demonstrate an effective job interview.
identify employment laws and explain why they are beneficial to workers.
complete a W-4 form.
analyze a W-2 statement.
explain the types of benefits provided by employers.
distinguish between required and optional deductions.
identify the various designations on a paycheck/stub.
calculate gross and net pay.
describe the role of unions and professional organizations in the workplace.
Understand the purpose of taxes and different types of taxes in the U.S.
describe the tax preparation process
complete a federal tax form
identify the main deposit, credit and investment services offered by commercial banks, savings and loans, credit unions and brokerage firms
compare checking accounts from different institutions.
identify and prepare the following forms related to checking accounts: signature ID, deposit ticket, check, check register, monthly account statement (read and reconcile).
identify electronic banking services.
understand how to protect myself from banking fraud and scams.
how money grows through compounding interest.
compare the characteristics of savings options.
compare savings accounts among banks.
two ways to save on a regular basis.
explain why people save money.
describe the relationship between saving, investing and inflation.
DOKIntroduce (I)
Dev. Mastery (DM)
Master (M)
Reinforce (R)
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Essential Question:Code:Standard:1st2nd3rd4th
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How does technology affect demand for careers and the way you learn and get a job?PF A.1Identify components and sources of income.1I, MR
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How do you cope with change?PF A.2Analyze how career choices, education, skills and economic conditions affect income and goal attainment.4I, MR
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What components make up an employee's total compensation?PF A.3Relate taxes, government transfer payments, and employee benefits to disposable income.2I, MR
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How is the work environment changing?PF A.4Explain how limited personal financial resources affect the choices people make.3I, MR
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What types of taxes does the government levy against individuals?PF A.5Interpret the opportunity costs of financial decisions.2I, MR
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What kinds of income and deductions may be recorded on an income tax form?PF A.6Evaluate the consequences of personal financial decisions.2I, MR
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How does budgeting help you achieve your financial goals?PF A.7Design a financial plan for earning, spending, saving, and investing.4I, MR
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Why are legally enforceable agreements necessary?PF A.8Demonstrate how to use the services available from financial institutions.1I, MR
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What are some of the responsibilities that go along with having a checking account?PF A.9Calculate an account balance by recording deposits, withdrawals and debit transactions.1I, MR
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How can you maximize your services and minimize your fees at a bank?PF A.10Identify short, medium and long-term savings goals including saving for high value purchases, postsecondary education/training and retirement.1I, MR
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How does saving money add to your financial peace of mind?PF A.11Develop a savings plan.3I, MR
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What factors should you consider when choosing among savings options?PF A.12Explain the importance of a rainy day fund for unexpected expenses.3I, MR
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PF A.13Compare simple and compound interest.3I, MR
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PF A.14Identify saving instruments such as certificates of deposit and savings accounts.1I, MR
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PF A.15Compare the liquidity, interest payment or penalty of various savings instruments.3I, MR
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