You will learn how to manage your money - from shopping wisely to saving for your future.
We will use fun projects, real world scenarios, and discussions to help us achieve this goal!
Specific Class Learning Targets:
- ECONOMICS: Identify the various economic roles (i.e. consumer, producer, and citizen) that a person fulfills and how these roles interact in an economy.
- BUDGETING: Analyze a budget that includes income, fixed and variable expenditures, savings and investments, and provisions for handling emergencies. (housing, transportation, clothing, food, utilities, insurance, savings, personal care, recreation, maintenance/emergency, etc.)
- CHECKING: Given a simulation, maintain a checking account: opening the account, writing checks, making deposits, keeping a check register, reconciling the statements with the account.
- SAVINGS AND INVESTING: Explain the characteristics of savings and investment alternatives such as savings accounts, CDs, money markets, stocks, bonds, and mutual funds, and evaluate the advantages and disadvantages of each.
- INSURANCE: Explain the need for various types of insurance including health, life, auto, and renter/homeowner.
- CREDIT: Explain various sources of credit including the advantages and disadvantages, credit responsibilities, and the significance of credit ratings.
- CONSUMER RIGHTS: Understand consumer rights, responsibilities, and protection in the marketplace.
- TAXES: Explain basic taxation principles and prepare federal income tax forms with necessary supporting documents.