Course Title: Personal Finance and Money Management State: FL State Course Title: Personal Finance and Money Management State Course Code: #2102371 State Standards: Personal Finance and Money Management Date of Standards: 2023 Percentage of Course Aligned: 100%
Standards
Course Title (a or b), if applicable, e.g. Game Design 1a
Unit Name(s)
Lesson(s) Numbers
SS.912.FL.1.1: Evaluate and reflect on how values affect personal financial decision-making.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 1
SS.912.FL.1.2: Understand how cognitive biases affect personal financial decision-making.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 2
SS.912.FL.1.3: Explain that loss aversion implies that losses brought about by a decision are weighed more than the gains, which may affect the final decision.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 4
SS.912.FL.1.5: Evaluate how herd mentality affects personal financial decision-making.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 3
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 2
SS.912.FL.1.7: Describe how people often focus on information that confirms their original beliefs Personal Finance and Money Management when they research information to make personal financial decisions.
Unit 3: Decoding Spending Habits
Lesson 4
Lesson 3
SS.912.FL.1.6: Describe how a piece of information received early, even if incorrect or irrelevant, can provide an anchor that people use when making their personal financial decisions.
SS.912.FL.1.8: Identify examples of how people are affected by present bias.
Personal Finance and Money Management
Unit 5: Credit and Consequences
SS.912.FL.2.1: Describe how people choose jobs or careers for which they are qualified based on potential income as well as non-income factors, such as job satisfaction, independence, risk, family, or location.
Personal Finance and Money Management
Unit 1: Establishing a Financial Discussion 1 Foundation
SS.912.FL.2.2: Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits.
Personal Finance and Money Management
Unit 1: Establishing a Financial Lesson 5 Foundation
SS.912.FL.2.3: Analyze the ways that people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices.
Personal Finance and Money Management
Unit 1: Establishing a Financial Lesson 5 Foundation
SS.912.FL.2.6: Explain that taxes are paid to federal, state, and local governments to fund government goods and services as well as transfer payments from government to individuals.
Personal Finance and Money Management
Unit 7: The Government and Your Wallet
Lesson 1
SS.912.FL.2.7: Explain how interest, dividends, and capital gains are forms of income earned from Personal Finance and Money Management financial investments.
Unit 6: Raising Your Investment IQ
Lesson 1
SS.912.FL.2.8: Evaluate how the sources of income, amount of income, as well as the amount and Personal Finance and Money Management type of spending affect the types and amounts of taxes paid.
Unit 7: The Government and Your Wallet
Lesson 3
How Standard is Taught
How Standard is Assessed
Exploring the factors involved in consumer spending decisions, including the role of values, such as buying Activity 1 from environmentally-conscious companies or local businesses Understanding cognitive bias, or oversimplification leading to flawed thinking, and how advertisers use it to Critical Thinking 1 manipulate pricing Examining examples of loss aversion or people's tendencies to prioritize not losing over gaining and how Critical Thinking 5 this plays a role in stock market deals Looking at the role of herd mentality in decisionmaking, or people's tendencies to act like other people Activity 1 who are similar to them, and the role it has played in financial fraud schemes Evaluating the power of anchor pricing, or when a high starting price is mentioned first so a discount seems more substantial
Exploring confirmation bias and how paying more attention to information that confirms what we think rather than contradicting it can lead to harmful decisions when gambling or making financial decisions
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Critical Thinking 1
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Critical Thinking 4
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Understanding the perils of present bias with credit card spending where we care more about getting what we Critical Thinking 2 want now than paying for it later Discussing a range of factors that go into a career choice, such as potential earnings, living situation (own Discussion 1 or rent), transportation, education required, Exploring decisions regarding investing in education (college, vocational training, etc.), such as tuition Critical Thinking 2 costs, when making career choices Examining how to factor in personal goals when making career plans, including desired location, wage ranges, Activity 1 whether to be an entrepreneur or have a boss, and more Learning more about different types of taxes and what they are used for : federal (disaster relief, NASA, the Critical Thinking 1 military, etc.), state (higher education, infrastructure, state agencies, etc.), and local (emergency services, K12 schools, parks & libraries, etc.) Looking at different investment forms of income including interest earned, dividends paid from shares, Critical Thinking 4 and capital gains from sales of investments Examining the processes of taxes being paid out of Critical Thinking 3; wages or through self-employment, such as where Activity 2 different deductions and forms fit in Discussing the decision process of whether or not to become an entrepreneur by considering the risks Critical Thinking 3 (paying all expenses) and the rewards (satisfaction seeing a vision come to life) Examining the benefits of gig or freelance work (such as schedule flexibility) with the risks and downsides (no Activity health or retirement benefits) Learning more about the reasons for why Social Security was started in the Depression, who pays into Critical Thinking 1 it, and who receives benefits Examining the processes involved in filing taxes and creating a presentation showing the steps to filling out Activity 2 different forms
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SS.912.FL.2.9: Describe why some people choose to become entrepreneurs as a career choice.
Personal Finance and Money Management
Unit 1: Establishing a Financial Lesson 5 Foundation
SS.912.FL.2.10: Evaluate the benefits and costs of “gig” employment.
Personal Finance and Money Management
Unit 1: Establishing a Financial Lesson 3 Foundation
SS.912.FL.2.11: Describe how Social Security is funded and the benefit it provides to retirees.
Personal Finance and Money Management
Unit 1: Establishing a Financial Lesson 2 Foundation
SS.912.FL.2.12: Identify and complete appropriate tax forms to calculate the amount of federal income tax owed.
Personal Finance and Money Management
Unit 7: The Government and Your Wallet
Lesson 3
SS.912.FL.2.13: Describe the types and sources of taxes at the local level.
Personal Finance and Money Management
Unit 7: The Government and Your Wallet
Lesson 1
SS.912.FL.3.1: Analyze the factors that influence a consumer’s decision-making process (e.g., the price of a good or service, the price of alternatives, income level, personal preferences, advertisements, and reviews.)
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 3
SS.912.FL.3.3: Discuss that when buying a good, consumers may consider various aspects and features of the product.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 1
SS.912.FL.3.4: Describe ways that consumers may be influenced by how the price of a good is expressed.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 2
Understanding the effects of different pricing strategies, including charm pricing, or using '99' so anytime Critical Thinking 1 seems less expensive, not using dollar signs, bundling items together, and using buy one get one sales
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SS.912.FL.3.6: Explain that people may choose to donate money to charitable organizations and other not-for-profit organizations because they gain satisfaction from donating.
Personal Finance and Money Management
Unit 2: Budgeting Basics and Money Management
Lessons 2
Examining the rewards found in charitable giving or philanthropic activates that support ithers in the community or worldwide
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SS.912.FL.3.8: Evaluate how different forms of payment can result in costs or fees.
Personal Finance and Money Management
Unit 3: Decoding Spending Habits
Lesson 5
Evaluating the costs of different payment methods from no fees like with cash, debit cards, PayPal, or Apple Activity 2 Pay to those where charges may be incurred if they are not paid off in time like with credit cards and layaway
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SS.912.FL.3.9: Develop a budget based on a given income and expenses for long-term and shortterm financial goals.
Personal Finance and Money Management
Unit 2: Budgeting Basics and Money Management
Lessons 1, 2, 5
Following key steps to creating an effective budget, including tracking spending, using a 50-30-20 model (needs, wants, savings), understanding fixed and variable expenses, and setting realistic goals
Activity 2
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Activity 1
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Identifying different sources for local taxes and what they can be used for, such as property or sales taxes paying for public spaces or local government offices
Critical Thinking 1
Analyzing some factors in consumer spending behavior, including using online review and social media Activity 1 feedback, the roles of herd mentality, confirmation bias, scarcity principals, and more Examining factors consumers use to make buying decisions, such as price, purpose, availability, style, Activity 1 and time
Critical Thinking 3
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SS.912.FL.3.10: Understand that when individuals or business owners buy or sell goods or services, Personal Finance and Money Management they may enter into contracts.
Unit 4: Understanding Loans
Lessons 1, 2
Defining contracts as agreements in which money or assets are being exchanged for payments, with a number of examples including car loans, mortgages, student loans, etc.
SS.912.FL.3.11: Evaluate and interpret terms and conditions within a contract.
Personal Finance and Money Management
Unit 4: Understanding Loans
Lessons 3, 4
Understanding conditions within contracts, for example student loan terms that stipulate the loan can never be Activities 1, 2 cancelled and scholarship terms that require a certain grade point average or team participation
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SS.912.FL.3.12: Understand the process of identifying and contesting an incorrect billing statement.
Personal Finance and Money Management
Unit 2: Budgeting Basics and Money Management
Lesson 4
Learning the proper way to read and understand a billing statement and correct steps for contesting an error, such as calling the company and insuring the proper documentation is at hand
Fully Met
Critical Thinking 2