Personal Finance

Personal Finance Syllabus
Grading System:
1. The student will demonstrate an understanding of
terminology related to personal finance sub categories and
understand the opportunities of consumer responsibilities.
2. The student will demonstrate an understanding for basic
personal finance terminology, concepts and procedures for
loans, credit, estate planning and retirement plans.
3. The student will recognize the legal and ethical issues
that affect personal finance responsibilities.
4. The student will use personal finance related software.
Income Standards: Students will be able to:
1. Identify sources of income.
2. Analyze how career choice, education, skills and economic
conditions affect income.
3. Explain how taxes, government transfer payments, and
employee benefits relate to disposable income.
Money Management Standards: Students will be able to:
1. Explain how limited personal financial resources affect the
choices people make.
2. Identify the opportunity cost of financial decisions.
3. Discuss the importance of taking responsibility for
personal financial decisions.
4. Apply a decision-making process to personal financial
5. Explain how inflation affects spending and investing
6. Describe how insurance and other risk-management strategies
protect against financial loss.
7. Design a plan for earning, spending, saving and investing.
8. Explain how to use money-management tools available from
financial institutions.
Spending and Credit Standards: Students will be able to:
1. Compare the benefits and costs of spending decisions.
2. Evaluate information about products and services.
3. Compare the advantages and disadvantages of different
payment methods.
4. Analyze the benefits and costs of consumer credit.
5. Compare sources of consumer credit.
6. Explain factors that affect creditworthiness and the
purpose of credit problems.
7. Identify ways to avoid or correct credit problems.
8. Describe the rights and responsibilities of buyers and
sellers under consumer protection laws.
Saving and Investing Standards: Students will be able to:
1. Explain the relationship between saving and investing.
2. Describe reasons for saving and reasons for investing.
3. Compare the risk, return, and liquidity of investment
4. Describe how to buy and sell investments.
5. Explain how different factors affect the rate of return of
6. Explain how agencies that regulate financial markets
protect investors.
Managing Your Personal Finances Fifth Edition Contents:
Unit 1 Career Decision
 Chapter 1 Choosing your Career
 Chapter 2 Planning Your Career
 Chapter 3 Getting the Job
 Chapter 4 Adapting to Work
 Chapter 5 Work Laws and Responsibilities
Unit 2 Money Management
 Chapter 6 Pay, Benefits, and Working Conditions
 Chapter 7 Federal Income Tax
 Chapter 8 Budgets and Financial Records
 Chapter 9 Checking Accounts and Other Banking Services
Unit 3 Financial Security
 Chapter 10 Saving for the Future
 Chapter 11 Investing For Your Future
 Chapter 12 Investing in Stocks
 Chapter 13 Investing in Bonds
 Chapter 14 Investing in Mutual Funds, Real Estate, and Other
Chapter 15 Retirement and Estate Planning
4 Credit Management
Chapter 16 Credit In America
Chapter 17 Credit Records and Laws
Chapter 18 Responsiblities and Costs of Credit
Chapter 19 Problems With Credit
5 Resource Management
Chapter 20 Personal Decision Making
Chapter 21 Renting a Residence
Chapter 22 Buying a Home
Chapter 23 Buying and Caring for a Vehicle
Chapter 24 Family Decisions
Unit 6 Risk Management
 Chapter 25 Introduction to Risk Management
 Chapter 26 Property and Liability Insurance
 Chapter 27 Health and Life Insurance
Unit 7 Consumer Rights and Responsibilities
 Chapter 28 Role of Consumers in a Free Enterprise System
 Chapter 29 Consumer Protection
 Chapter 30 Dispute Resolution