Power Standards
I. All students will differentiate between saving and investing.
- All students will exam reasons for saving and investing (time value of money).
- All students will analyze factors affecting rate of return on investments (Rule of 72, simple interest, compound interest).
- All students will compare consumer choices for saving and investing.
- All students will compare the risk, return, liquidity, manageability and tax aspects of investment alternatives.
II. All students will evaluate spending habits and how it relates to personal credit issues.
- All students will explain how limited personal financial resources affect the choices people make.
- All students will propose ways to avoid or correct credit problems.
- All students will demonstrate awareness of consumer protection and information (identity theft, phishing, scams).
III. All students will identify how money management decisions affect their daily lives.
- Compare the advantages and disadvantages of different payment methods.
- Design a financial plan for earning, spending, saving, and investing.
- Identify the opportunity costs of financial decisions.
IV. All students will distinguish how their career choice will affect their income.
- Analyze how career choice, education, skills and economic conditions affect income and goal attainment.
- Relate taxes, government transfer payments, and employee benefits to disposable income.
- Evaluate how insurance and other risk-management strategies protect against financial loss.