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Description
New course coming for 2025-26! Updates will be provided in Spring 2025.
Think about where you would like to be 20 years from now, 30 years from now, or even 40 years from now. Where will you live? What kind of car will you drive? Preparing and planning today will help you achieve your financial goals in the future. Throughout this course, you will learn skills that will help you make educated decisions that will influence your financial future and help you reach your financial goals.
This course is designed to introduce students how money works as well as manage their own personal finances in an efficient manner. Students will develop practical skills to manage their personal finances while applying them to real-life applications. Topics such as managing credit, knowing one’s credit score, taking measures to protect oneself from identity theft, as well as how to shop for college loans, the basics of investing, and the importance of saving for retirement are included in this well-informed course. These skills will provide students a solid foundation that will guide them in making informed decisions, promote financial independence, ensure personal security, and work towards maintaining a stable financial future.
Using web resources and videos, students will work with Next Generation Personal Finance worksheets, develop fun and engaging infographics and assignments while meeting Massachusetts Personal Financial Literacy Curriculum Frameworks.
In this standard-level course, students are expected to invest approximately 6 hours per week on their course work.
Prerequisites
Please Note: This course contains an end-of-course proctored exam. Instructions for students to identify an appropriate adult proctor are included in the course lessons.
Course Objectives
Students will be able to: - Apply strategies to monitor income and expenses, plan for spending and save for future financial goals.
- Examine how a career plan impacts personal income potential and future earning capability.
- Identify the purpose of a checking account and online/mobile banking services provided with checking account.
- Classify income tax forms and explain how tax deductions affect take home pay (income).
- Analyze financial choices made today and its benefits, cost, and future consequences.
- Differentiate the various forms of credit and how credit score impacts the ability to borrow money and at what rate.
- Analyze methods to protect personal information and prevent identity theft.
- Discuss the importance of saving early, the difference between various types of investment opportunities, and the importance of a retirement plan.
- Evaluate the different types of insurance available to consumers and the protection each provides.
- Apply skills to improve overall financial well-being and manage financial lifestyle.
Additional Requirements
Access to a spreadsheet program such as Microsoft Excel or Google Spreadsheets.
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Details
Discipline:
Business
Level:
High School Standard
Program:
High School
Grade:
9, 10, 11, 12, 13
When Offered:
Fall, Spring
Duration:
15 weeks
Lab Kit Purchase Required:
No
Accredited:
Middle States Commission on Secondary Schools, Western Association of Schools and Colleges
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