General summary of unit:
Making "Cents" of Money is an engaging unit that equips students with essential money management skills. Topics covered include budgeting, saving, retirement planning, economic trends, and smart spending strategies. Through interactive simulations, guest lectures, and practical activities, students gain practical knowledge to confidently navigate their financial futures. This unit empowers students to make informed financial decisions and cultivates a strong foundation in money management for lifelong success.
Skills students need or will develop:
1. Budgeting – students will need to learn how to create and maintain a budget in order to manage their money and track spending.
2. Money Management – students will need to learn how to develop money management skills such as learning how to save, spend, and invest money wisely.
3. Credit – students will need to understand the importance of their credit score and how to use credit responsibly.
4. Financial Literacy – students will need to learn the basics of financial literacy such as understanding interest rates, loan terms, and budget basics.
Goals For A Final Project:
1. Understand how to create and sustain a budget plan that is suitable for individual needs.
2. Analyze different investment and savings options for financial protection and growth.
3. Research and evaluate different methods of credit management.
4. Identify different sources of income and create an action plan for increasing income.
5. Learn how to identify and avoid common financial risks.
6. Critically examine different consumer goods and services to determine an individual's best purchases.
7. Develop effective critical thinking skills for evaluating advertisements and marketing tactics.
8. Understand limitations of insurance and other risk management options.
9. Analyze alternative investment strategies for retirement.
10. Create informed strategies for debt repayment.