Personal FinanceCurrent Curriculum
Duration/length: 1 semester (50 min classes)
Prerequisite: none
Course Description: Students learn how to handle and manage money in a practical project based environment. This course addresses the ways in which individuals and/or families earn, budget, save, and spend resources over time, taking into account various financial risks and future life events. Components of personal finance covered in this course include checking and savings accounts, credit cards and consumer loans, investments, creating a personal budget, retirement planning, insurance policies, and personal income taxes. Students will also complete the NEFE High School Financial Planning Program to learn financial planning, banking services, credit, and insurance.
Mission learning Objective
Primary Learning Expectations from the Mission Statement: Exercise critical and creative problem solving
Secondary Learning Expectations from the Mission Statement: Demonstrate personal responsibility and practice basic principles of citizenship in a democracy

Course Core Competencies - Personal Finance

PF1. Money Management, Financial Planning and Personal Decision Making
Students will demonstrate an understanding of money management activities, budgeting strategies, and future financial decisions
PF2. Saving and Investing
Students will apply learning and reasoning, decision making, and problem solving strategies to evaluate savings and investment options to meet short and long term goals.
PF3. Risk and Protection
Students will analyze choices available to consumers for protection against risk and financial loss.
PF4. Banking and Credit
Students will evaluate available financial institution services and evaluate factors that affect the choice of credit the cost of credit and the legal aspects of using credit.
PF5. Earning a Living
Students will identify various forms of income and analyze factors that affect income as part of the career decision making process.

Personal Financial Management
  • Explain the basics of money management
  • Create a personal budget
Saving and Investing
  • Explain the purpose of the Federal reserve System
  • List the types of financial institutions
  • Identify types of savings and investments
  • Describe the activities involved with buying and selling stock
  • Distinguish between government bonds and corporate bonds
Banking and Credit
  • Open a mock checking account, enter transactions, and reconcile the account
  • Identify the types of consumer credit
  • Explain the advantages and disadvantages of using credit
Risk and Protection
  • Discuss the need for insurance
  • Identify the types of vehicle, property, life and health insurance