Unit 7
Personal Financial Literacy
“It doesn’t matter how smart you are unless you stop and think.” - Thomas Sowell
Essential Questions
1) Why is it important to plan for your financial future?
2) Why must financial strategies be applied when making choices about how to spend your money?
3) Why is it important to create and maintain a financial budget?
4) What type of financial decisions will you have to make when you start living on your own?
5) Why are financial institutions necessary in our economy?
6) Why is it important to create a savings plan for your future?
7) What does retirement planning mean?
8) Why do individual consumers use credit for purchasing goods and services?
9) Why would a person choose to rent rather than buy a home?
Student Objectives
Students will be able to explain...
1) the role of financial markets.
2) the role of individuals in financial markets.
3) the costs and benefits of personal financial decisions.
We begin the Personal Financial Literacy unit. There will be vocabulary and interactive activities. The major grade for this unit will be a project which, like the stock market project, will have multiple parts that will be used for daily grades and a major grade at the end.
First up will be the creation of your goals. Using your "official" graduation (high school or college) as the start point for your launch, envision what your life might be. Start thinking about it now! For the goals, you will need the goals and explanations of how you plan to make these goals happen.
