Course Title: Personal Finance CIP Code: 520803
Course Description: Personal Finance is an exploratory course designed to provide students with the basic knowledge required to make some of l ife’s most important financial decisions such as finding a job, money management, apartment and house hunting, buying a car, budgeting, protecting yourself as a consumer, wise use of credit, and gaining insight into the world of investing and banking. This course will inform students of their financial responsibilities as citizens, students, family members, consumers, and active participants in the business world.
Purpose of Course: To provide basic financial management skills, knowledge, and attitude as a foundation and beginning course in a sequence of courses designed to train students for careers in business.
Graduation Requirement: Elective course; fulfills .5 occupational education/CTE credit per semester
Prerequisite: None Class Fees: None
Course Level: 9 th to 12 th grade Course Length: 180 hours (2 semesters)
SYLLABUS
Personal Finance is a 180-hour exploratory course designed to use real world simulations in introducing students to new ways of maximizing earning potential, developing strategies for managing resources, exploring skills for the wise use of credit, and gaining insight into the different types of investing. This course will inform students of their financial responsibilities as citizens, students, family members, consumers, and active participants in the business world. It is a foundational course for students in the Business and Marketing Pathway and prepares students for any of the five career clusters (identified by the U.S. Department of Education States Career Clusters ) in the Business and Marketing Pathway.
Specific learning standards will be outlined in the framework. All of these tools will continue to be used throughout the high school exploratory and preparatory sequence.
COURSE OVERVIEW
The outline below gives an overview of the components of the Personal Finance course. This framework includes the performance task/assessment, standards and competencies, and connection to Washington State Education Reform
Initiatives including EALRs and Goals 1-4. The standards for this framework are taken from the National Business
Education Standards released in October 2001 ( www.nbea.org
), the College Readiness Math Standards and the 3 rd
Edition of the Jump$tart Coalition Standards released in 2007.
COURSE OUTLINE
Integrated Standards
2 weeks
4 weeks
Personal Decision Making
Earning and Reporting Income
Rules, Expectations, Introductions, Ergonomics
Career Development, Ethical Responsibilities, Leadership, Safety and Security,
Teamwork
Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers.
Identify various forms of income and analyze factors that affect income as a part of the career.
4 weeks
4 weeks
4 weeks
4 weeks
4 weeks
4 weeks
6 weeks
Managing Finances and Budgeting Develop and evaluate a spending/savings plan.
Saving and Investing Evaluate savings and investment options to meet short- and long-term goals.
Buying Goods and Services Apply a decision-making model to maximize consumer satisfaction when buying goods and services.
Banking and Financial Institutions
Using Credit
Protecting Against Risk
Evaluate services provided by financial deposit institutions to transfer funds.
Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.
Analyze choices available to consumers for protection against risk and financial
Final Integrated Projects loss.
Integration of all items above (computer simulation and portfolio project)
D:\726940313.doc
Last updated on 4/15/2020

.
JUMP$TART COALITION STANDARDS:
 FINANCIAL RESPONSIBILITY AND DECISION MAKING
 Overall Competency: Apply reliable information and systematic decision making to personal financial decisions.
 Standard 1: Take responsibility for personal financial decisions.

Standard 2: Find and evaluate financial information from a variety of sources.

Standard 3: Summarize major consumer protection laws.
 Standard 4: Make financial decisions by systematically considering alternatives and consequences.

Standard 5: Develop communication strategies for discussing financial issues.
 Standard 6: Control personal information.
 INCOME AND CAREERS
 Overall Competency: Use a career plan to develop personal income potential.

Standard 1: Explore career options.
 Standard 2: Identify sources of personal income.

Standard 3: Describe factors affecting take-home pay.

PLANNING AND MONEY MANAGEMENT

Overall Competency: Organize personal finances and use a budget to manage cash flow.
 Standard 1: Develop a plan for spending and saving.

Standard 2: Develop a system for keeping and using financial records.
 Standard 3: Describe how to use different payment methods.

Standard 4: Apply consumer skills to purchase decisions.
 Standard 5: Consider charitable giving.
 Standard 6: Develop a personal financial plan.

Standard 7: Examine the purpose and importance of a will.

CREDIT AND DEBT
 Overall Competency: Maintain creditworthiness, borrow at favorable terms, and manage debt.
 Standard 1: Identify the costs and benefits of various types of credit.

Standard 2: Explain the purpose of a credit record and identify borrowers' credit report rights.
 Standard 3: Describe ways to avoid or correct debt problems.

Standard 4: Summarize major consumer credit laws.

RISK MANAGEMENT AND INSURANCE

Overall Competency: Use appropriate and cost-effective risk management strategies.
 Standard 1: Identify common types of risks and basic risk management methods.

Standard 2: Explain the purpose and importance of property and liability insurance protection.
 Standard 3: Explain the purpose and importance of health, disability, and life insurance protection.
 SAVING AND INVESTING
 Overall Competency: Implement a diversified investment strategy that is compatible with personal goals.

Standard 1: Discuss how saving contributes to financial well-being.
 Standard 2: Explain how investing builds wealth and helps meet financial goals.
 Standard 3: Evaluate investment alternatives.
 Standard 4: Describe how to buy and sell investments.

Standard 5: Explain how taxes affect the rate of return on investments.
 Standard 6: Investigate how agencies that regulate financial markets protect investors
D:\726940313.doc
Last updated on 4/15/2020

GRADING SCALE
GRADE
A
A-
B+
B
B-
C+
C
C-
D+
D
F (Attempted)
F (Not done)
POINTS
4.0
3.7
3.3
3.0
2.7
2.3
2.3
1.7
1.3
1.0
0
0
PERCENT
92.5 - 100.00
90.0 - 92.49
86.5 - 89.99
82.5 - 86.49
80.0 - 82.49
76.5 - 79.99
72.5 - 76.49
70.0 - 72.49
66.5 - 69.99
60.0 - 66.49
0.0 - 59.99
0.0
GRADE SUMMARY
Based on total points:
Leadership; Daily Assignments; Quizzes; Tests; Computer Simulation; Integrated Projects
CLASSROOM RULES
 No eating or drinking in the classroom
 Be in class before the bell rings ready to work; CHS attendance policies will be followed
 Cheating/Plagiarism —All students involved - failure on assignment, referral to administration
 If you are absent, it is your responsibility to find out what you missed (check class calendar on Skyward)
 You are allowed the number of days absent (ex.) plus one (+1) to turn in the missed work —work not turned in by the deadline may receive a 0
 You are responsible for having read and knowing the information in the student handbook. In particular, note:
Tardy Policy (pg. 12)
Misconduct (pg. 13)
Personal Electronic Devices are prohibited during class time (pg. 15)
Computer Misuse (pg. 15)
Cheating/Plagiarism (pg. 15)
Profane Language & Bullying/Harassment (pg. 15)
.
RESOURCES
 Virtual Business: Personal Finance, Computer Simulation

Financial Math Review by Gerver & Sgroi, Workbook (SW)
 Financial Algebra, by Gerver & Sgroi, Textbook (SW)
 Financial Algebra Website: www.cengage.com/school/math/financialalgebra
CONTACT INFORMATION

E-mail: amcfadden@osd.wednet.edu

Phone: 360-596-8254 (message)
D:\726940313.doc
Last updated on 4/15/2020