Check out this top product on Teacher Pay Teachers to see reviews.
Want additional Personal Finance Materials? Check out our Personal Finance Semester Course, where this unit plan is included!
Unit can be taught in the classroom or online
Google, Windows, & Mac-friendly!
All documents are editable to meet your classroom needs.
Meets National Business Education Association Standards and ISTE Standards
This unit plan covers Using Credit in personal finance for grades 7-12.
Unit Objectives:
Students will be able to analyze and research budgeting guidelines, the rational decision-making process for spending, and various sources of income.
Students will understand budgeting, expenses, cost of living, disposable income vs. discretionary income, and comparison shopping practices.
Students will be able to have knowledge of supply and demand, how economic decisions are made, and consumer protection laws,
Through discussion and research, students will know how to analyze wants and needs, goods and services, and price variances.
With demonstrations and applications, students will know how to create budget goals, compare purchasing, leasing, and renting, and apply those skills to shopping for houses and cars.
Students will be able to:
Identify examples of short-term and long-term goals and various sources of income for personal spending
Define fixed and variable expenses and categorize expenses as fixed or variable
Classify periodic expenses as fixed or variable and determine discretionary income in a spending plan
Evaluate a personal spending plan for consumer spending to determine individual financial goals and construct and use a personal spending/savings plan
Apply a rational decision-making process to personal buying decisions
Distinguish between goods and services and apply comparison shopping practices
Identify laws that protect the rights of the consumer and discuss various ways competition among sellers benefits the consumer.
Compare the costs and benefits of purchasing, leasing, and renting
Calculate the costs of utilities, services, maintenance, and other expenses involved in independent living.
Describe the role that supply and demand and market structure play in determining the availability and price of goods and services.
This unit is infused with technology, and real-world application and is designed to be engaging and rigorous. It is the perfect unit for any business class.
This unit plan is conducted through lectures, engaging activities, group-paced instruction, and discussion. Assignments range from a mix of daily assignments, time, projects graded on effort/attempt, unit tests, and a project graded on overall appearance and completion of given requirements.
Included:
Unit Plan with Daily Instructions
Budgeting Presentation
Budgeting Notes & Answer Key
Expenses Categories 3-Part Activity & Answer Key
Spending Presentation
Spending Notes & Answer Key
Budgeting & Spending 4-Part Activity & Answer Key
Shopping & Brand Comparisons 2-Part Activity & Rubric
Budgeting 8-Part Project & Rubric
Quizlet Review
Test & Answer Key
******
Terms of Use:
Created by Tech Twins, LLC ©
The purchase of this product is for single classroom use by the purchaser only. It is a violation for individuals, schools, and districts to redistribute, edit, sell or post this item on the internet or to other individuals. Additional licenses are available for purchase.
Product names, logos, brands, and other trademarks featured or referred to within this lesson are the property of their respective trademark holders. These trademark holders are not affiliated with Tech Twins, LLC. They do not sponsor or endorse the contents, materials, or processes discussed within this lesson.
Thanks for visiting our store! If you decide to make a purchase, please do not forget to leave feedback. We love to hear your thoughts on our products!
Also, don't forget to "FOLLOW" us for exciting new product announcements, sales, promotions, and updates!
Sincerely,
The Tech Twins