Financial Literacy | FCSE 1350

USU Learning Outcomes

Utah State Board of Education Strands and Standards

Social Media and Spending

Illustrate how society and culture shape our attitudes on money. 

Identify how social media can [or cannot] influence purchasing decisions

Analyze marketing techniques from social media and advertisements that encourage spending

Describe the elements of a financial plan

Strand 1: Students will understand how values, culture, and economic forces affect personal financial priorities and goals.

Standard 1: Analyze the role of cultural, social, and emotional influences on financial behavior

Financial Influences Within You and Your Family

Evaluate emotional reactions you have when thinking or talking about money

Evaluate your relationship with money

Describe how the financial experiences from your childhood influence your financial decisions today 

Reflect on your own family money history  

Plan your financial goals

Strand 1: Students will understand how values, culture, and economic forces affect personal financial priorities and goals.

Standard 1: Analyze the role of cultural, social, and emotional influences on financial behavior

Meaning of Money and Money Scripts

Self-reflect on your relationship with money

Identify what money scripts and money disorders are

Interpret how you own money scripts can benefit you or hurt you financially

Create ways to regulate and rewrite you own money scripts

Strand 1: Students will understand how values, culture, and economic forces affect personal financial priorities and goals.

Standard 2: Define a rational decision-making process and the steps of financial planning

*rational decision making is made in the business model approach to finances this is different for the social science model-see training video for further explanation

Creating a Spending Plan and Paying Bills

Understand the advantages of making and sticking to a budget

Explore methods for paying bills

Consider what methods might work for you now or in the future

Strand 1: Students will understand how values, culture, and economic forces affect personal financial priorities and goals.

Standard 3: Explain how setting goals affect personal financial planning

Strand 3: Students will evaluate saving methods and investment strategies.

Standard 2: Discuss the dynamics of saving and investing.

Job vs. Career

List the differences between a job and a career

Explore ways in which society supports or hinders occupation goals. 

Research the salaries of various occupations

Discover high-paying careers

Create a vision board for a career in education, in life, physical, and social science, math or arts 

Strand 1: Students will understand how values, culture, and economic forces affect personal financial priorities and goals.

Standard 3: Explain how setting goals affect personal financial planning

Strand 2: Students will understand sources of income and the relationship between career preparation and lifetime earning power.

Standard 1: Identify various sources of income and specific employability skills.

Standard 2: Understand and begin preparation for career and post-high school training.

Introduction to Student Loans

Explain the role of student loans debt in your future financial life

Identify similarities and differences between federal and private student loans

Explore general sentiments about student loans

Recall terminology associated with student loans including FAFSA

Strand 4: Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

Standard 2: Describe and discuss the impact of credit and debt on personal money management

How Much Student Loan Can You Afford?

Explain how your career choices may influence your ability to repay student loans

Examine how much student loan debt you could afford based on a career’s starting salary

Strand 4: Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

Standard 2: Describe and discuss the impact of credit and debt on personal money management

Credit Report and Credit Score

Identify the three major credit reporting and credit scores.

Explain the components of a credit report

List the components of a credit score

Strand 4: Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

Standard 3: Explain and understand credit reports and scores.

Credit Cards

Summarize the fundamentals of a credit card

Compare basic types of credit cards (pros, cons, and risks)

Strand 3: Students will evaluate saving methods and investment strategies.

Standard 3: Understand the role of risk management in asset protection.

Strand 4: Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

Standard 4: Define rights and responsibilities of buyers and sellers under consumer protection laws.

Standard 5:  Understand the role of government in protecting the consumer.

Auto Loan and Auto Insurance

Discuss the purposes of insurance/risk management and describe how those may change throughout life

Define common insurance options and their purpose

Explain the purpose of co-signers and collateral when applying for a loan

Calculate a determined principal and interest on a loan.

Strand 3: Students will evaluate saving methods and investment strategies.

Standard 3: Understand the role of risk management in asset protection.

Strand 4: Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

Standard 1: Identify and explain the process of budgeting based on calculated income.

Savings

List habits that can help people saving money including your own

Explain the importance of having an emergency savings

Make your own plan to save money for a rainy-day fund or an emergency fund

Strand 3: Students will evaluate saving methods and investment strategies.

Standard 1: Describe and discuss financial institutions and demonstrate how to manage personal financial accounts.

Standard 2: Discuss the dynamics of saving and investing.

Investing

Choose to invest as early as possible

Demonstrate how investing early pays off over time

Develop a basic understanding of stocks, bonds and mutual funds

Select investments that might support your long-term goals

Apply a simple rate of return formula to calculate investments’ gains or losses 

Strand 3: Students will evaluate saving methods and investment strategies.

Standard 2: Discuss the dynamics of saving and investing.

Standard 3: Understand the role of risk management in asset protection.

Taxes

Compare and contrast a W4 to a W2.

List common misconceptions about taxes and state the correct facts

Name what types of income are taxed 

List basic steps to fill out a 1040 Form

Strand 2: Students will understand sources of income and the relationship between career preparation and lifetime earning power.

Standard 1: Identify various sources of income and specific employability skills.

Wealth and Happiness

Define income and wealth

Determine what it means to you to be happy and have life satisfactions

Analyze your feelings and thoughts about the correlation between money and happiness