Management of Financial Resources

FACS: Management of Financial Resources

Objectives:

• 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)