UNIT 1:  BEHAVIORAL ECONOMICS AND FINANCIAL DECISIONS

Unit 1: Behavioral Economics and Financial Decision Making:   5  (80-minute) Sessions

Lesson 1: Values and Financial Decision Making

Lesson 2: Needs and Wants

Lesson 3: SMART Goals

Lesson 4: Financial Goals and Life Stages

Unit Culminating Activity/Assessment

Overview Unit 4: Financial Decision Making  

Overarching Question: How does the application of financial literacy reasoning enable individuals to make informed, financially responsible decisions?

MSDE/FLES 1: Make informed, financially responsible decisions.

FSNS 1.12 A Evaluate the financial choices that are made based on available resources, needs, and wants for goods and services.

FSNS 1.12 C Evaluate and apply financial knowledge, attitudes, and skills.

Indicators: 1.12A, 1.12B, 1.12C, 1.12D, 1.12E, 1.0, 1.1, 1.2, 1.3

Module 1: What skills are necessary when making individual financial decisions? Why is personal financial decision making important in today’s community and families?