PERSONAL FINANCE

Instructor E-mail:       jacque.liebl@k12.sd.us

Instructor Website:     http://jl021.k12.sd.us

Personal Finance Standards

Personal Finance Class offered both semesters

Prerequisites: none

Grade Level: 11-12

**One half credit is required for graduation.

 

COURSE DESCRIPTION:

Personal Financial Literacy, 3e book is designed to help students learn and apply valuable life skills in money management, career planning, saving and investing, credit management, and retirement planning. By exploring successful strategies to grow and protect wealth, students will discover the richness of information available to manage their lives and their resources.

 

Each chapter covers communications skills, success skills, economic realities and trends, and career choices.

 

Financial success begins with good career planning, goal setting, and an understanding of income sources and taxes. Students will explore methods of getting more for their money and the basics of good financial planning, using the banking system, and getting started with saving and investing.

 

As income is earned and wealth is accumulated, students learn how to assess risk and protect assets, how to use credit wisely and minimize its costs, and how to resolve credit problems. Saving and investing principles lead students to effective buying and selling strategies and an understand of financial markets, regulatory agencies, and laws that affect consumers and businesses. Incorporated into good decision making are basic economic concepts such as inflation, monetary and fiscal policy, the business cycle, and pricing strategies.

 

The goal after completing this course is to teach students the basics of personal finance and encourage them to move boldly into the future, armed with financial literacy skills, information, and knowledge to help them make good financial decisions for a lifetime!

This class is held daily (M-F) for 44 minutes.

COURSE DESCRIPTION: 

To help students learn and apply valuable life skills in money management, career planning, saving and investing, credit management, and retirement planning.  

OUTLINE/TABLE OF CONTENTS:

Text:  “Personal Financial Literacy" by Joan S. Ryan and Christie Ryan, 3rd edition, South-Western/CENGAGE Learning

 

Table of Contents listed below displays the chapter titles. Each chapter is broken down into three or four lessons.

UNIT 1: Money and Income 

Chapter 1. How Your Choices Affect Income
1-1    Personal Skills and the Job Market

1-2    The Economy and Your Post-Secondary Education

1-3    Post-Secondardy Job Application Skills and Tools

Exploring Careers

Chapter 1 Assessment

Chapter 2. Income, Benefit, and Taxes
2-1    Earned Income and Benefits

2-2    Unearned Income and Payments

2-3    Taxes and Other Deductions

Exploring Careers

Chapter 2 Assessment

 

Chapter 3. Your Purchasing Power

3-1    Inflation and the Value of Money

3-2    Prices and Consumer Choices

3-3    Getting More for Your Money

3-4    Consumer Rights and Responsibilities

Exploring Careers in Education

Chapter 3 Assessment

 

UNIT 2: Decision Making and Planning

Chapter 4. Financial Decisions and Planning

4-1    Resources and Choices

4-2    Basics of Budgeting

4-3    Personal Financial Planning

Exploring Careers

Chapter 4 Assessment

Chapter 5. The Banking System

5-1    Checking Accounts

5-2    Savings Accounts

5-3    Banking Services and Fees

Exploring Careers

Chapter 5 Assessment

 

Chapter 6. Personal Risk Management

6-1    Risk Assessment and Strategies

6-2    Protecting Income

6-3    Protecting Property

Exploring Careers

Chapter 6 Assessment

 

UNIT 3: Managing Credit and Debt

Chapter 7. Buying Decisions

7-1    Designing a Buying Plan

7-2    Getting Started with Credit

7-3    Computing the Costs of Credit

Exploring Careers

Chapter 7 Assessment

 

Chapter 8. Preserving Your Credit

8-1    Identifying Financial Issues

8-2    Long-Term Debt Repayment

8-3    Credit Management

Exploring Careers

Chapter 8 Assessment

 

Chapter 9. Credit Problems and Laws

9-1    Resolving Credit Problems

9-2    Bankruptcy Choices

9-3    Consumer Protection

Exploring Careers

Chapter 9 Assessment

 

UNIT 4: Saving and Investing

 

Chapter 10. Basics of Saving and Investing

10-1    Reasons for Saving and Investing

10-2    Principles of Saving and Investing

10-3    Strategies for Saving and Investing

Exploring Careers

Chapter 10 Assessment

 

Chapter 11. Saving and Investing Options

11-1    Low-Risk Choices

11-2    Medium-Risk Choices

11-3    High-Risk Choices

Exploring Careers

Chapter 11 Assessment

Chapter 12. Buying and Selling Investments

12-1    Researching Investments and Markets

12-2    Buying and Selling Securities

12-3    Regulatory Agencies and Laws

Exploring Careers

Chapter 12 Assessment

 

We will work on various projects throughout the semester:

*Stock Market simulation on the Internet.

*Checkbook packet

*Taking Control of Your Credit

*Financial Football

 

SPECIAL FEATURES IN THE BOOK:

Features for Student Success

Students should use the book to engage interest in the chapters by reading/studying:

 

 

**Glossary and Index are provided in the back of the book (pages 410-436)

 

MATERIAL COVERED/TIME FRAME:

One Semester Course:

Chapters 1-12

Various Internet sites and web searching

Various Projects for each unit

Money Skill online simulation

Group projects

Checkbook Simulation packet

Stock Market project

 

METHOD OF INSTRUCTION:

Discussion/lecture using laptop and interactive panel. Students are expected to read the lessons so they can participate in discussions.

Teacher will show a PowerPoint over the lessons.

Group projects/discussions

Computer/Internet use

 

STUDENT ASSESSMENT:

 LATE WORK:

 

The teacher will inform students when assignment/homework is to be completed. All work will be due the next day unless teacher decides otherwise. All work is due at the beginning of class.

 

Consequences for late work:

Late work 1st day	-5 points deducted from assignment
Late work 2nd day	-10 points deducted from assignment
Late work 3rd day	-15 points deducted from assignment
Late work after 3rd day	NO CREDIT

 

Example: Chapter 1 worksheet assignment is due on Tuesday. You come to class and do not have your assignment completed at the beginning of class on Tuesday (-5 points deducted), you come to class on Wednesday and still no assignment completed (-10 points deducted) you come to class on Thursday and assignment still not handed in (-15 points deducted), and on Friday if you completed the assignment you still won’t get credit and if you still haven’t done the assignment, no (ZERO) points awarded and your grade will show a late and a missing grade. Please complete work on time or suffer the consequences.

 

My best advice would be to get work done on time. Take responsibility for your grades!

Late work and missing work grades will show on the campus grade book.

 

 

CHEATING:

If a student is caught cheating, a zero will be given on the assignment. A cheating notation will be shown in the grade book. A discipline report will be filled out and given to the the student and principal. If a student gives work to another student, both students are cheating. My best advice is to DO YOUR OWN WORK!!

 

GRADING:

Students will do daily work for each chapter which may include notes, class discussions, listening to lectures, terms, questions, study guides from their workbook and other workbook problems. Quizzes will also be given, announced or unannounced at any time under the direction of the teacher. Students will take a written test over each chapter. Students will also be given writing assignments. Reading quizzes over the chapters may also be given. The teacher may also assign students other projects.

 

Tests=40% of final grade

Quizzes/Projects=40% of final grade

Daily work=20% of final grade

Semester test counts 10% of final grade.

 

· Reminder about the weighted grading, if you don’t do so well on one area (test or quiz or daily work), that will show up on your overall grade. For example, you may do well on tests and daily work and you fail 3 out of 10 quizzes, your grade will reflect that. Don’t assume what your grade is, look it up on DDN Campus.

· Example of how grades are figured using weighted grades:

· Test grades (your pts./total pts): 10/15, 20/30, 40/50=70/95=74%=D

· Quiz grades (your pts./total pts): 0/10, 2/10, 8/10=10/30=33%=F

· Daily work (your pts./total pts): 8/10, 30/40, 23/25=61/75=81%=C

· The below figures shows how to find your overall grade.

· Test totals 74% X 40%=.30

· Quiz totals 33% X 40%=.13

· Daily totals 81% X 20%=.16

· Total up these points=.59 or 59%=F=Overall Grade

Grading Scale:

Letter Grade              Percentage

A                                 100-93

B                                  92-86

C                                 85-78

D                                 77-70

F                                  69 & below

 

STUDENT SUPPLIES NEEDED:

Laptop computer, pen/pencil, calculator

 

TEACHER EXPECTATIONS OF STUDENT:

• Have a good attitude.

• Have a willingness to learn.

• Work hard.

• Do assigned homework.

• Try your best and always give 110%.

 

CLASS RULES:

• Be polite.

• Be prompt.

• Be prepared.

• Be productive.