PFL.1 Earning and spending. The student understands how to set personal financial goals. The student is expected to:
(A) differentiate between needs and wants in evaluating spending decisions;PFL.2 Earning and spending. The student understands how financial statements are used to assess and monitor financial well-being.
(B) investigate the student's money personality, including spending and saving propensity;
(D) develop financial goals for the short, medium, and long term that are specific, measurable, attainable, realistic, and time based.
The student is expected to:PFL.3 Earning and spending. The student analyzes components of compensation from employment. The student is expected to:
(C) develop a budget that incorporates short-, medium-, and long-term financial goals;
(D) identify assets and liabilities;
(E) construct a balance sheet or net worth statement;
(F) evaluate the impact of unplanned spending on a budget.
(A) identify benefits such as health insurance contributions, retirement benefits, sick leave, vacation pay, flexible spending account, health savings account,PFL.5 Saving and investing. The student understands the importance of saving and investing in creating wealth and building assets.
workers compensation, life insurance, and disability insurance;
The student is expected to:PFL.6 Saving and investing. The student understands the implementation of a saving and investing plan. The student is expected to:
(A) develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund;
(B) develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle;
(C) explain the tax benefits of charitable contributions;
(D) develop a long-term investing strategy to achieve a goal such as a financially secure retirement.
(A) discuss the role of financial institutions and markets in saving and investing;PFL.7 Saving and investing. The student demonstrates an understanding of the importance of planning for retirement. The student is expected to:
(B) demonstrate the impact of compound growth over time;
(C) evaluate the costs and benefits of various savings options such as bank savings accounts, certificates of deposit, and money market mutual funds;
(D) evaluate risk and return of various investment options, including stocks, bonds, and mutual funds.
(A) identify costs of retirement such as living expenses, health care expenses, and long-term care expenses;
(B) identify and explain sources of income during retirement, including Social Security, individual savings, and employer-sponsored plans;
(C) demonstrate an understanding of the importance of saving early and at a sufficient level to achieve financial security in retirement.
|Unit #7 Daily Lessons (Subject to change)
|**Note: Any assignments NOT completed in class will be considered HOMEWORK**
Monday, Nov. 28
Tuesday, Nov. 29
Wednesday, Nov. 30
Thursday, Dec. 1
Friday, Dec. 2
|Review & Prepare for Unit #7 TEST
|These two days will be used
to review the information
and skills presented in this
unit and measure the
|Last Day to Turn in Missing Work
Without the 30% Discount
Planning for Retirement
Creating an Investment Plan
Goals for Retirement
Unit #7 will give the class an opportunity to look ahead to their retirement.
Students will be asked to create their goals for retirement. They will then
develop a plan to reach those goals. The class will examine the pros and cons
of investing and saving. They will study several different approaches to
investing. Students will investigate stocks, bonds, and other forms of
investment. They will learn how a steady investment plan can grow into a
significant cash reserve to fund their retirement.
Planning for Retirement