Personal Finance Curriculum Map - Fall River Public Schools Fin… · Web view · 2014-10-07Objectives: The student will be ... Apply appropriate tabular, graphical, or symbolic

Personal Finance Curriculum Map

Week I, Quarter ICommon Core State Standards

The Students Will:10.N.4 Use estimation to judge the reasonableness of results of computations and of solutions to problems involving real numbers

UNIT ONE: PERSONAL EARNING POWER

1. Salaries2. Employment Opportunities

Objectives:The student will be able to:

1. To compute the earnings from a part-time job.2. To compare an hourly wage with aweekly or monthly salary.3. To understand what benefits an employer may offer in addition to a paycheck.

Essential Question:

What is the major difference the wayearnings are computed for salaried

employees and for hourly employees?

Teacher Resources: Media and Technology Resources:

Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Baseline Assessment: The Baseline Assessment will be given the 1st week of classes.

Suggested Instructional Practices:

Note Taking Skills Exit Tickets Pre and Post Tests Salary Graph and Writing

Assignment

Week II, Quarter ICommon Core State Standards

The Students Will:

10.P.8 Solve everyday problems that can be modeled using systems of linear equations or inequalities. Apply algebraic and graphical methods to the solution. Use technology when appropriate. Include mixture, rate, and work problems.10.N.4 Use estimation to judge the reasonableness of results of computations and of solutions to problems involving real numbers.

UNIT ONE: PERSONAL EARNING POWER

1. Commissions2. Deductions


1. To compute the earnings from a part-time job.2. To compare an hourly wage with aweekly or monthly salary.3. To understand what benefits anemployer may offer in addition to apaycheck.

Essential Question:

What is difference between gross payand net pay?

Teacher Resources:

http://www.uen.org/Lessonplan/preview.cgi?LPid=13768

http://www.moneyinstructor.com/lesson/earnmoney.asp

Media and Technology Resources:

Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Test: On topics discussed dealing with determining salaries and commissions and advantages/disadvantages of employee packages and Personal Earning Power.


Note Taking Skills (Guided Notes)

Exit Tickets Pre and Post Tests Salary Graph and Writing

Assignment





Week III, Quarter ICommon Core State Standards

The Students Will:

10.P.7 Solve everyday problems that can be modeled using linear, reciprocal, quadratic, or exponential functions. Apply appropriate tabular, graphical, or symbolic methods to the solution. Include compound interest, and direct and inverse variation problems. Use technology when appropriate.

Unit Two: Checking Accounts

1. Choosing a Bank2. Using Checks3. Writing Checks


1. To learn what different types of checking accounts are available.2. To write checks and deposits slips3. To endorse a check properly4. To calculate the interest and bank charges for a checking account

Essential Question:

Why do people use checks for moneytransactions?

Teacher Resources:

http://financeintheclassroom.org/downloads/CheckingUnitLessonPlans.pdf http://www.moneyinstructor.com/checks.asp http://www.ehow.com/way_5765416_lesson-plan-checking-accounts.html


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Quiz: On topics discussed dealing with using a bank account, determining interest and Checking Accounts.


Note Taking Skills (Guided Notes)

Exit Tickets Pre and Post Tests

http://www.ehow.com/way_5765416_lesson-plan-checking-accounts.html


http://www.moneyinstructor.com/checks.asp

http://financeintheclassroom.org/downloads/CheckingUnitLessonPlans.pdf


Week IV, Quarter ICommon Core State Standards

The Students Will:

10.N.4 Use estimation to judge the reasonableness of results of computations and of solutions to problems involving real numbers.


1. Maintaining a Checkbook Register2. Reconciliation of the Checkbook Register3. Beginning of Checking Account Project


1. To record and keep a checkbook register.2. To reconcile a bank statement with the corresponding check register balance.

Essential Question:

In order to reconcile, what should youdo to your register with any

outstanding checks and deposits?

Teacher Resources:



Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Quiz: On topics discussed dealing with Checking Accounts.


Note Taking Skills (Guided Notes) Exit Tickets Pre and Post Tests






Week V, Quarter ICommon Core State Standards

The Students Will:



1. Completion of Checking Account Project2. Presentation of Checking Account Project


1. To complete checking account project from SFCU reconcile a bankstatement with the correspondingcheck register balance.

Essential Question:

Why is it necessary to reconcile witheach monthly bank statement?

Teacher Resources:



Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Test: On topics discussed dealing with Checking Accounts.








Week VI, Quarter ICommon Core State Standards

The Students Will:

10.P.7. Solve everyday problems that can be modeled using linear, reciprocal, quadratic, or exponential functions. Apply appropriate tabular, graphical, or symbolic methods to the solution. Include compound interest, and direct and inverse variation problems. Use technology when appropriate.

UNIT THREE: SAVING MONEY

1. Savings2. Different Types of Bank Accounts3. Compound Interest


1. To explain factors such as interest rates and liquidity that influence the return that your money can earn at financial institutions.2. To explain the difference betweenregular savings accounts, money market accounts, and certificates of deposit.3. To compute interest in a savings account using the compound interest formula.

Essential Question:

Why would a less liquid account earnhigher interest than a more liquid

account?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.



Test: On topics discussed dealing with Saving Money.

Week VII, Quarter ICommon Core State Standards

The Students Will:


UNIT FOUR: CONSUMER CREDIT

1. Nature of Credit2. Functions of Credit3. Monthly Payments4. Borrowing Money


1. To identify the major functions of credit.2. To calculate monthly payments on aloan and the total payment on a loan.3. To determine how much can he affordto borrow.

Essential Question:

How does the use of credit raise thestandard of living?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class



discussion.Quiz: On topics discussed dealing with Consumer Credit.

Week VIII, Quarter ICommon Core State Standards

The Students Will:

10.P.7 Solve everyday problems that can be modeled using linear, reciprocal, quadratic, or exponential functions. Apply appropriate tabular, graphical, or symbolic methods to the solution. Include compound interest, and direct and inverse variation problems. Use technology when appropriate


1. Managing Credit2. Problems with Credit


1. To cite problems with using credit2. To calculate monthly payments on a loan and the total payment on a loan.3. To compare the effects of the payback period of a loan on the total payments and interest charges.

Essential Question:

What are indicators that someone isexperiencing credit overload?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Test: On topics discussed dealing with Consumer Credit.



Week I, Quarter IICommon Core State Standards

The Students Will:



1. Guidelines for Using Credit2. Credit Management3. Reducing Cost of Installment Loans


1. To determine how much can be saved by understanding the various terms that an installment loan may carry.2. To compute the interest due, note reduction, and unpaid balance on a loan on a monthly basis.

Essential Question:

What are ways to reduce the cost of an installment loan?

Teacher Resources:



Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Quiz: On topics discussed dealing with











Consumer Credit.

Week II, Quarter IICommon Core State Standards

The Students Will:



1. Amortization Schedules\2. Prepayment3. Rule 78


1. To create an amortization schedulefor a loan.2. To calculate the total financed price with a lower-than-market-rate interest and rebate plans.

Essential Question:

Why do most loan agreements require theborrower pay more in the early months of

the loan period?

Teacher Resources:



Assessments:












Test: On topics discussed dealing with Consumer Credit.

Week II, Quarter IIICommon Core State Standards

The Students Will:


UNIT FIVE: CREDIT CARDS

1. Uses of Credit Cards2. Balances on Credit Cards3. Advantages vs. Disadvantages of Credit Cards4. Payment of Credit Cards Based on Fixed Payments


1. To describe how credit cards are used.2. To determine the new balance thatwill be shown on a credit card statement after a purchase is made.3. To identify the advantages anddisadvantages of credit cards.4. To determine how long it takes to payoff a credit card balance if a fixed payment is made each month.

Essential Question:

What are some similarities anddifferences between an installment

loan and credit card balance?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class



discussion.Quiz: On topics discussed dealing with Credit Cards.

Week IV, Quarter IICommon Core State Standards

The Students Will:


UNIT FIVE: CREDIT CARDS

1. Interest Charges on Credit Cards2. Protection of Credit Cards


1. To understand the relationship between APR and interest charges.2. To calculate credit account interest,payments, and balances.

Essential Question:

How can you be a responsibleconsumer when using credit cards?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Quiz: On topics discussed dealing with



Credit Cards.

Week V, Quarter IICommon Core State Standards

The Students Will:


UNIT SIX: CREDIT SCORES

1. What is a Credit Score2. Determination of Credit Scores3. Your Credit Score


1.) To determine an individual’s credit rating, using a credit-scoring table.

Essential Question:

In which situations will it be anadvantage to have a high credit score?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Test: On topics discussed dealing with Credit Cards and Credit Scores.



Week VI, Quarter IICommon Core State Standards

The Students Will:

UNIT SEVEN: IDENTITY THEFT

1. Protection Against Identity Theft2. Types of Identity Theft3. Contacting Agencies About Identity Theft


1. Discover how consumers shouldprotect themselves.2. Learn places to contact if your identity is comprised.

Essential Question:

Why is it important not to share yoursocial security number with others?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Quiz: On topics discussed dealing with Credit Theft.



Week VII, Quarter IICommon Core State Standards

The Students Will:


UNIT EIGHT: Ownership

1. Car Ownership2. Financing a Car3. Operating Costs of a Car4. Car Insurance


1.) Compare terms for financing acar.2.) Compute operating costs of a carand total costs per mile.3.) Examine several types of insurance available for car owners.

Essential Question:

What are some differences betweenowning and leasing a car?


Assessments:




Quiz: On topics discussed dealing with Ownership.

Week VIII, Quarter IICommon Core State Standards

The Students Will::10.N.4 Use estimation to judge the reasonableness of results of computations and of solutions to problems involving real numbers.10.P.7 Solve everyday problems that can be modeled using linear, reciprocal, quadratic, or exponential functions. Apply appropriate tabular, graphical, or symbolic methods to the solution. Include compound interest, and direct and inverse variation problems. Use technology when appropriate.

UNIT EIGHT: OWNERSHIP

1. Home Ownership2. Mortgages, Down Payment, Points, and Closing Costs3. Home Loans


1. To consider some of the advantagesand disadvantages of owning a home.2. Recognize the major costs toconsider when purchasing a house,including the price, the mortgageloan, points, down payment, closingcosts, and the cost of new furnishings.3. Compute the price of a home loanfor which a family can qualify, on thebasis of their monthly income.

Essential Question:

What is the correct procedure youshould take when beginning to look for

a new house?


Assessments:




Test: On topics discussed dealing with Ownership.

Week I, Quarter ICommon Core State Standards

The Students Will:


UNIT NINE: INCOME TAX

1. Federal and State Income Tax2. Forms 1040A and 1040EZ3. Completing Your Income Taxes


1.) Compare the tax owed with theamount withheld by the employer.2.) Fill out forms 1040EZ.

Essential Question:

Do I have to pay or will I get a refund?


Assessments:

Homework/Classwork: To be given daily on each introduced topic.Class Discussion: Students will be expected to be prepared for class, participate in class activities and actively engage in class discussion.Quiz: On topics discussed dealing with Ownership.



Documents

Personal Finance Curriculum Map - Fall River Public Schools Fin… · Web view · 2014-10-07Objectives: The student will be ... Apply appropriate tabular, graphical, or symbolic