Topic: Money Management: The student will develop a budget/spending plan for personal/business money management

Post date: Sep 19, 2011 2:24:30 AM

Topic: Money Management

Objective 4: The student will develop a budget/spending plan for personal/business money management (earning, spending, saving, and investing).

• Set financial goals (identify components and sources of income, relate employee benefits to disposable income, and estimate income (gross pay versus net pay)

• Construct a budget/spending plan

Objective 5: The student will judge the quality of a financial institution's services.

• Compare financial institutions in terms of personal banking needs

Objective 6: The student will demonstrate how to open and manage an account in a financial institution.

• Simulate opening an account (i.e., checking, savings, and certificates of deposit) and managing an account

• Explain the differences, benefits, and risks of ATM cards, debit cards, and credit cards