Financial Literacy
Avon Lake City Schools
Curriculum Framework
Financial Literacy
Course Overview:
The scope of Personal Financial Literacy will cover these six areas. A more detailed breakdown is given below.
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Financial Responsibility & Decision Making
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Planning & Money Management
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Informed Consumer
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Investing
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Credit & Debt
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Risk Management & Insurance
Textbook (Title and Publishing Company):
Personal Financial Literacy 3rd Edition 2019, Pearson Publishing
Online/Supplemental Materials:
Pearson MyLab Online
Assessments:
Common assessments are given across all Financial Literacy courses.
Content/Topics/Learning Goals
Subject to Pacing and Schedules
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1st Quarter-
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Overview of Personal Finance
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The Financial Plan
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Financial Decision-Making
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Budgets and Balance Sheets
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Explain the steps involved in creating a budget
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Describe the steps involved in creating a personal balance sheet
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Understand the importance of budgeting in your financial plan
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Careers and College Readiness
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Explain the process for choosing a career path
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Identify different sources of information for researching careers
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Discuss how one can gain the skills needed for a career choice
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Describe the process of applying for a job
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Describe the interview process
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Paying Taxes
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Describe the basic principles of taxation and the major categories of taxes
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Explain payroll taxes
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Discuss the purpose and process of filing tax returns
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Understand how taxes affect your financial plan
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2nd Quarter-
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Insuring Your Health and Your Life
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Explain why health insurance is important
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Describe different features of health insurance
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Understand the need for life insurance
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Discuss the ways people obtain insurance
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Obtaining and Protecting Your Credit
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Explain the concept of consumer credit, including the major types and their benefits and drawbacks
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Describe the keys to building and maintaining healthy credit
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Identify methods of protecting your identity
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Personal Loans and Purchasing Decisions
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Describe the key features and qualities of personal loans
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Discuss the unique issues and challenges of financing an education
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Discuss the unique issues and challenges of financing a car
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Credit Cards and Other Forms of Credit
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Explain how credit cards work
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Describe different credit card features
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Discuss how to use a credit card correctly
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Identify other risky credit arrangements
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Purchasing and Financing a Home
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Describe the factors that determine how much you can afford to pay for a home
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Explain how to select a home to purchase
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Describe the transaction costs associated with buying a home
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Describe the different types of mortgages
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Compare the costs of renting versus buying a home
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Banking Procedures and Services
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Explain the difference between different types of financial institutions
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Learn the basics of having a checking account, including how to balance an account
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Identify other available banking services
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Describe the two major federal insurers
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Explain the function and goals of the Federal Reserve
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Methods of Saving
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Explore the ways in which savings can earn interest
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Examine the different types of bank accounts that can aid in saving
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Describe retirement savings options
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Investing Fundamentals
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Understand the reasons for investing
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Identify investment choices
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Explore other options for investing
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3rd Quarter-
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4th Quarter -
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Last Updated:
September, 2023