ࡱ> y{xU :bjbjnn Xaa2 ddddd4<<n2&&&&>?S 0n2n2n2n2n2n2n$psVnd___Vndd&&kn_ d&d&0n_0n.fHzm&jiv.i@nn0nni ttzmtdm_______VnVn___n____t_________ B *: CROCKETT COUNTY HIGH SCHOOL SYLLABUS Personal Finance Karen L Cavaness Room 306 karen.cavaness@crockettschools.net COURSE DESCRIPTION: Personal finance is a required course for all Tennessee students to meet current graduation requirements. Personal Finance is a foundational course designed to inform students how individual choices directly influence occupational goals, future earning potential, and long term financial well-being. The standards in this course cover decision-making skills related to goal setting, earning potential, budgeting, saving, borrowing, managing risk, and investing. The course helps students meet the growing complexities of personal financial management and consumer decision making. Upon completion of this course, proficient students will understand how their decisions will impact their future financial well-being. Standards in this course are aligned with Tennessee State Standards for English Language Arts & Literacy in Technical Subjects, Tennessee State Standards for Mathematics, as well as Tennessee Economics standards.* SUPPLIES: 1 Notebook or 3 Brad Folder Pencils Colored Pencils Pens Markers Scissors Ruler 2 Expo Markers Calculator Kleenex Clorox Wipes CLASSROOM POLICIES: EXPECTATIONS (HOW TO SUCCEED IN THIS CLASS) Deal with yourself as an individual worthy of respect and make everyone else deal with you the same way.Nikki Giovanni RESPECT- Respect for yourself, for other people, property, and for learning is critically important in my classroom. Follow this rule and you will succeed. ATTENDANCE AND PARTICIPATION- This class is not a spectator sport you must be actively involved in each class. Much of the work done is in-class work that cannot be replicated at home, which makes attendance and punctuality extremely important.The school attendance and tardy policies will be strictly upheld in order to maintain a productive learning environment for all students.Students will receive a grade for class participation each grading period, and should come to class prepared and energized to actively learn every day.This means coming to class with paper, a pen or pencil, ideas, questions and a positive attitude COMMUNICATION- Open communication is crucial in the business world and just as important in the classroom setting. I value your feedback on assignments, lessons, readings and instruction. Please see me immediately if you have any problems which interfere with your learning. Modifications and extensions on assignments can be granted in exceptional situations, but only whenhonestcommunication takes place. All school rules and policies will be followed in the class. Always be respectful to everyone in class. Always be on-time. Use the restroom at the beginning of class-just inform the teacher in case the bell rings before your return to the classroom. Only talk at appropriate times. Students are expected to raise their hand and be recognized by the teacher before speaking. Talking without permission is disrespectful for the classroom and disruptive. Do not sleep, throw any objects, or write on desks or anything else you do not own. All work turned in should be legible. If it cannot be read, then it cannot be graded. The use of profanity is absolutely prohibited in the classroom along with potentially racist or profane slang terms. Do not stand or gather near the exit before class is dismissed. NO CELL PHONES (school policy and mine!) Discipline Plan Verbal Warning Conference with student and/or parent. Administrative withdrawal from the class CCHS OFFICIAL GRADING SCALE 93-100 = A 85-92 = B 77-84 = C 70-76 = D 69-0 = F GRADING CATEGORIES: 25% - DAILY CLASS WORK 50% - TEST GRADES 25% - EXAM GRADE MAJOR UNITS Understanding Personal Finance Career Planning Managing Income Taxes Managing Checking and Savings Accounts Obtaining Affordable Housing Building and Maintaining Good Credit Vehicles and Other Major Purchases Investment Fundamentals Investing in Stocks and Bonds Investing Through Mutual Funds Retirement Planning Insurance-Risk Management Credit Cards and Consumer Loans Real Estate and High-Risk Investments Culture: You DO have responsibilities regarding this course. You are expected to complete assignments by the scheduled dates and take your tests at the appropriate times. If you are having problems with the course, it is your responsibility to notify the instructor of the problems and keep the instructor apprised of the situation. Plagiarism and cheating are serious offenses and may be punished by failure on an assignment, test, or project or by failure in the course depending on the severity. It is your responsibility to complete your own assignments for this class. If assignments submitted by more than one student appear to be duplicates (and there are methods to check this information), all students involved will receive zeros for the assignment grades. So do not copy work of another student and do not allow another student to copy your assignments. (This policy is as followed by most higher education learning institutions.) NO : FOOD, DRINK, GUM, CELL PHONES, EAR BUDS, HEADPHONES, THROWING ANYTHING, RUDENESS OR DISRESPECT TESTING DATES: September 28 2nd & 4th 9 Week Exams September 29 1st & 3rd 9 Week Exams December 14 2nd & 4th 9 Week Exams December 15 1st & 3rd 9 Week Exams March 8 2nd & 4th 9 Week Exams March 9 1st & 3rd 9 Week Exams May 9 2nd & 4th Senior Exams May 10 1st & 3rd Senior Exams May 22 2nd & 4th Final Exams May 23 1st & 3rd Final Exams TN STATE STANDARDS Financial Responsibility and Personal Decision Making 1) Define the concept of personal finance and explain the importance of personal financial planning using information sources such as instructional materials, news articles, blogs from reputable sources, personal narratives, and industry publications. (TN Reading 1, 4) 2) Write long-term (over 5 years), mid-term (1 - 5 years), and short-term (a year or less) personal financial goals, defining desired education, career, and earning milestones and saving and spending plans. Evaluate factors that may influence the goals, including family responsibilities, individual values, and economic conditions. (TN Reading 4; TN Writing 4; TN Economics) Education, Careers, and Income 3) Develop a chart, table, or graphic to compare characteristics of various careers, such as alignment to personal interest and aptitude, education requirements, available positions, salaries, potential lifetime earnings, and employer benefits. Research and report (orally or in an explanatory text) the requirements for admission to and related costs of attending a specific postsecondary institution and how that will support education, career, and earning goals. (TN Reading 2, 3, 7; TN Writing 2, 6) 4) Demonstrate an understanding of Free Application for Federal Student Aid (FAFSA) requirements to apply for postsecondary education financial aid by completing an application. Identify strategies for reducing the overall cost of postsecondary education, including the impact of scholarships, grants, work study, and other assistance. (TN Reading 7; TN Writing 4, 7) 5) Research multiple viewpoints that support or question the use of student loan debt in paying for postsecondary education. Assess the extent to which the reasoning and evidence presented support the authors claim. Citing specific textual evidence, craft an argumentative essay that either supports or opposes the use of student loan debt, developing both claim(s) and counterclaim(s) fairly. (TN Reading 6, 7, 9; TN Writing 1, 4, 8, 9) 6) Describe factors affecting take-home pay such as tax withholdings, benefits (e.g., insurance, 401k), and plan payroll deductions. Complete a 1040EZ or 1040A and a W-4 Employees 3 Withholding Allowance paperwork, and analyze the W-2 Wage and Tax Statement for federal income tax purposes. (TN Reading 3) Planning and Money Management 7) Create a personal balance sheet. Determine assets and liabilities and calculate net worth. Using research from local sources (such as newspapers, chambers of commerce, local government, and company websites), create a monthly personal budget. Cite specific textual evidence from findings when calculating earnings of a selected occupation and including accurately estimated household living expenses, taxes, potential savings, and an emergency fund. (TN Reading 1, 7; TN Writing 4, 7) 8) Understand the availability of consumer protection laws, agencies, and resources. Investigate the availability and reliability of resources to assist consumers in making buying decisions (include national, state, and local resources, as appropriate). (TN Reading 8) 9) Compare and contrast services and products available from financial service providers such as commercial banks, savings and loans, and credit unions. Identify the services that best support the personal financial goals. Craft an argumentative essay supported by evidence about selecting a specific financial account or service to best meet current and/or future financial goals. (TN Reading 9; TN Writing 1, 4, 9) Credit and Debt 10) Compare and contrast the various sources and types of consumer credit, such as student loans, auto loans, store credit cards, and payday loans. Draw conclusions about the types of credit best suited for financing and/or purchasing various goods and services, defending claims with specific textual evidence. (TN Reading 1, 5, 9; TN Writing 4, TN Economics) 11) Citing information from at least one of the three major credit reporting agencies, describe credit reports and credit scores. Describe the relationship between consumers and credit reports/credit scores, discussing their importance and citing specific textual evidence from research. Analyze a sample credit report and interpret how the contents may affect the credit score. Explain how the credit score may impact borrowing opportunities and the cost of credit. Summarize specific activities used to maintain a good credit score. (TN Reading 1, 2, 5; TN Writing 4, 7, 9) 12) Citing evidence found in credit applications, compare and contrast various types of credit and calculate the real cost of borrowing. Explain factors that can affect the approval process associated with each type. Identify typical information and procedures required in the credit application process. Analyze factors associated with the purchase of an automobile and defend a specific buying decision, including: a. Define and understand factors most often included in negotiations (such as cash vs. financing, inclusion of trade-in, etc.). b. Evaluate costs and benefits of different service contract and/or warranty options. c. Compare and contrast available financing options based on consumer characteristics and size of down payment. (TN Reading 2, 3, 4, 9; TN Writing 9; TN Math N-Q) 13) Identify strategies for good use of credit and effective debt management to recognize the warning signs of impending debt problems. Illustrate the long-term consequences of accumulating debt and of filing for bankruptcy. Formulate a plan to eliminate debt and determine the impact on a personal budget, citing specific textual evidence to defend elements of the plan. (TN Writing 4, 8, 9) Risk Management 14) Differentiate the benefits and costs associated with various types of insurance, such as health, life, property, and auto. Describe the risks associated with a lack of appropriate coverage in specific situations. Determine the role of insurance in personal financial planning to preserve and build wealth. (TN Reading 4, 5) 15) Conduct assessments of various types of identity theft situations and scams, then determine strategies and present a plan to safeguard and protect against identity theft. Design and present a plan to significantly lower and protect against risks. Determine steps that should be taken by a victim of identity theft to report the incident and re-establish identity. (TN Writing 4, 9) Saving and Investing 16) Explain how saving and investing contribute to financial well-being, building wealth, and helping meet personal financial goals. Compare and contrast saving and investment strategies, such as savings accounts, certificates of deposit, stocks, bonds, mutual funds, employer sponsored savings plans, physical assets, and commodities.. Design a diversified saving and investment plan that includes strategies compatible with personal goals. Include time value of money and compound interest calculations in analysis. 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