Personal Finance Learning Targets
Business-Mktg, Personal Finance
ALT 1 - Finance Goals
Use a rational decision-making process to set and implement financial goals.
AST 1.1 - Decision Making, Planning : Explain how goals, decision-making, and planning affect personal financial choices and behaviors.
AST 1.2 - Financial Behavior : Analyze the role of cultural, social, and emotional influences on financial behavior.
AST 1.3 - Personal and Societial Consequences : Relate financial decisions to personal and societal consequences.
ALT 2 - Income and Career
Understand sources of income and the relationship between income and career preparation.
AST 2.1 - Income : Identify various forms of income and analyze factors that affect income.
AST 2.2 - Income Withholdings : Identify and understand required income withholdings.
AST 2.3 - Career Choices : Analyze criteria for selecting a career and the impact of career choices on income and financial stability.
ALT 3 - Money Management
Understand principles of money management.
AST 3.1 - Balanced Budget : Describe the role of planning and maintaining a balanced budget.
AST 3.2 - Credit : Understand credit uses and costs.
AST 3.3 - Impact of Credit : Describe the impact of credit on money management.
AST 3.4 - Consumer Protection Laws : Describe the rights and responsibilities of buyers and sellers under consumer protection laws.
AST 3.5 - Insurance and Risk Management : Discuss the purposes for insurance and risk management.
ALT 4 - Savings, Investment, Retirement Planning
Understand savings, investing, and retirement planning.
AST 4.1 - Savings : Describe the value and use of savings in financial planning.
AST 4.2 - Investing : Describe the value of investing and types of investments in the financial planning process.
AST 4.3 - Compare : Compare savings and investment.
AST 4.4 - Analyze : Analyze the financial preparation for retirement.
ALT 5 - Ownership
Understand and calculate the cost of home/business/auto ownership.
AST 5.1 - Financial Monthly Payments : Understand the elements related to the total cost of financed monthly payments.
AST 5.2 - Costs : Calculate the costs associated with financed monthly payments.
AST 5.3 - Related Costs : Understand related costs associated with renting/leasing vs. home/business/auto ownership.
ALT 6 - Professional Skills
Students will apply and demonstrate key professional skills to facilitate business success and to progress in business, accounting, marketing, sales, and service careers.
AST 6.1 - Collaboration : Students work effectively with others; respect diversity; are empathetic, cooperative, and willing to compromise; assume shared responsibility for group tasks; and communicate effectively in groups.
AST 6.2 - Communication : Students effectively communicate and listen through oral, written, visual, and nonverbal formats in both formal and information situations.
AST 6.3 - Leadership : Students inspire and influence others to achieve a common goal by capitalizing on strengths to coordinate tasks; motivating and guiding others; taking initiative and responsibility for outcomes; being decisive, assertive, and authoritative; developing others' skills; and negotiating conflict.
AST 6.4 - Self-Efficacy : Students are confident in their ability to obtain academic success; persist to overcome challenges; and are not defeated by failure.
AST 6.5 - Integrity : Students work in a systematic and organized fashion to develop precise and accurate products that comply with procedures and directions; have high standards; and maintain personal and academic integrity.
AST 6.6 - Adaptability : Students respond and adapt well to change; are comfortable with ambiguity; adjust priorities and thinking in response to change; manage pressure and setbacks; and maintain an optimistic outlook.