FACS: Management of Financial Resources
- Evaluate the need for personal and family financial planning, including maintaining a budget, expense records, and economic self-sufficiency.
- Compare types of loans available to consumers and distinguish criteria for becoming a low-risk borrower.
- Connect mathematics to the understanding of interest, including avoiding and eliminating credit card debt.
- Collect evidence and data related to implementing a savings program, the time value of money, and retirement planning.
- Explore how to be a prudent investor in the stock market and other investment options. Investigate the benefits of charitable giving.
- Compare types of banks, credit unions, and virtual banks available to consumer and the benefits of maintain financial accounts.
- Demonstrate the ability to maintain financial records. Investigate bankruptcy laws, including ways to avoid bankruptcy.
- Apply management principles to decisions about insurance for individuals and families.
- Evaluate personal and legal documents related to managing individual and family finances such as birth certificates, medical records, social security cards, financial records, and property records.
- Demonstrate the ability to use calculators, spreadsheets, computers, and software in data analysis relating to finance
Learning Activities Include:
- Spending Plan PowerPoint and Notetaking Guide
- Credit Card Vocabulary
- Advantages and disadvantages of credit activity and discussion
- Type of Depository Institutions PowerPoint and Notetaking Guide
- Electronic Banking PowerPoint and Notetaking Guide with matching activity
- Insurance PowerPoint and Notetaking Guide
- Savings PowerPoint and Notetaking Guide
- Time Value of Money and Notetaking Guide
- Investing Poster with grading rubric
- Language of the stock market activity
- Bankruptcy articles
- Benefits of Donating to charity
- 6 weeks test (includes information from Management of Individual and Family Resources available in my TPT store)