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Want additional Personal Finance Materials? Check out our Personal Finance Semester Course, which includes this unit plan!
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 types of insurance, retirement, and tips for choosing the right plan.
Students will understand savings, savings accounts, and types of savings plans.
Students will be able to have knowledge of types of investments, investment plans, costs of investments, and the stock market.
Through discussion and research, students will understand the time value of money and tools for retirement and insurance.
With demonstrations and applications, students will know how to calculate simple and compound interest.
Students will be able to:
Describe motivations for saving and the means by which they save
Identify the opportunity costs of saving
Differentiate between saving and investing
Compare simple and compound interest
Describe the advantages and disadvantages of various savings and investing plans
Identify the risk/return trade-offs for saving and investing
Apply criteria for choosing a savings or investment instrument (e.g., market risk, inflation risk, interest rate risk, political risk, liquidity, and minimum amount needed for investment)
Differentiate between interest, dividends, capital gains, and rent from property
Identify costs for investments
Identify income sources for investments
Examine the role of saving and investing in creating a financial plan
Develop financial goals for the future based on one’s lifestyle expectations and career choices
Explain how and why the stock market functions
Apply the concept of Time Value of Money
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
Savings, Investing, Insurance & Retirement Presentation
Student Notes & Answer Key
Savings, Investing, Insurance & Retirement Scavenger Hunt 3-Part Activity & Answer Key
Life-Long Learner 2-Part Activity
Investing Game Reflection Activity
Informative Reel Project & Rubric
Quizlet Review
Test & Answer Key
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