Theme [RL.6.2]

Character and plot development [RL.6.3]

Word choice and figurative language [RL.6.4, RI.6.4]

Text structure [RL.6.5]

Point of view [RL.6.6, RI.6.6]

Define and identify opportunity cost in a given scenario

Describe and prioritize the components of a budget based on an individual’s preferences

Prioritize and differentiate between an individual’s needs and wants

Apply comparison shopping methods, such as gathering price and quality information, comparing spending & nonspending alternatives, and comparing unit price information.

Analyze whether information from sources are accurate and reliable when comparing products and services

Choose when to use different available payment methods (including cash, debit, credit, mobile, online, direct deposit, prepaid cards)

Model positive strategies for using credit

Summarize the effects of not paying off a credit card balance in full

Assess the benefits and costs of using credit

Describe the potential consequences of using “easy access” credit

Understand the importance of a credit score, and recognize the components that affect your score

Describe different sources of income, including wages, salaries, stipends, and benefits.

Identify common withheld state and federal taxes by examining a paycheck

Match personal skills and interests to various career options

Compare education and training requirements, income potential and primary duties between multiple jobs of interest

Compare the costs of post-secondary education with the potential increase in income and lifetime earnings from a career choice

Devise a strategy to minimize the costs of post-secondary education

Describe how changes in the labor market (specifically supply and demand, and economic conditions) can affect worker’s income or unemployment

Analyze a budget to calculate revenue, expenses, and loss

Model how to open a deposit account at a financial institution

Compare different interest-bearing accounts, including savings, checking and certificates of deposit, based on their interest rate, liquidity, minimum balance requirements and fee structure

Describe how regular contributions and compounding frequency impact the growth of savings

Summarize the effect of inflation and deflation on the price of goods and purchasing power over time

Model insurance decisions that can be used to minimize the risk of financial loss

Categorize the kinds of expenses that typical auto, renters’, homeowners’ and health insurance policies cover

Describe the differences between a premium, deductible, copayment, and coinsurance • Investigate the use of liability insurance to cover accidental bodily harm or damage to another person’s property

Describe and compare stocks, bonds, and mutual funds based on their typical risk and return levels

Suggest appropriate investment types for people based on their risk tolerance and investment growth timeframe

Explain how money invested regularly over time may grow exponentially

Explain how stock markets facilitate the buying and selling of securities

Understand that attitudes and values affect financial decisions

Identify and reflect on their personal values, financial habits and mindsets

Apply systematic decision making to setting and achieving financial goals

Construct and prioritize personal financial goals

Determine the cost of achieving a goal

Give examples of how decisions made today can affect future opportunities

Devise a strategy to finance the costs of post-secondary education

Engineering Process

Building a model roller coaster