Teaching Personal Financial Literacy to Students
If you will be teaching personal financial literacy to students, you may need to follow prescribed education standards.
Your own experience participating in this course will help highlight the key concepts and learning outcomes that you may need to achieve.
Reflect on your own learning in this course to identify concepts that you may have found particularly challenging. Consider ways to help your students learn these concepts — whether through the use of videos, activities, simulation, or other methods.
Note that GoVenture LIFE & MONEY is available for use by teachers with their students — find out more at GoVentureLife.com
To help with your planning, below are lists of the topics covered in the eWorkbook and Learning Guide.
- Print each list or copy it to a document or spreadsheet.
- Next to each topic identify if the topic is required by your Education Standards.
- Next to each required topic identify the teaching method you will use.
- Next to that, identify the amount of time you will devote to the topic, keeping in mind that that the total time must be less than or equal to the total curriculum time (including homework time) you have available for your course.
The above will being to form the structure of your curriculum.
eWorkbook Topics (Summary)
1. Your Life Goals
1.1 Life Plan
1.2 Goal Setting
1.3 Needs and Wants
1.4 Your Money Personality
2. Spending Money
2.1 Lifestyle
2.2 Health
2.3 Home
2.4 Commuting
2.5 Buying and Selling
2.6 Family
2.7 Education
2.8 Vacation
2.9 Donations
2.10 Retirement
3. Making Money
3.1 Job and Career
3.2 Managing a Paycheck
3.3 Saving
3.4 Gambling
3.5 Time Value of Money
3.6 Economy
3.7 Risk and Return
3.8 Return on Investment
3.9 Rate of Return
3.10 Investing
3.11 Retirement Plans
3.12 Taxes
4. Managing and Protecting Money
4.1 Paying Bills
4.2 Banking
4.3 Risk
4.4 Insurance
4.5 Consumer Protection
4.6 Bankruptcy
5. Borrowing Money
5.1 Debt and Interest
5.2 Credit Report and Score
5.3 Credit Cards and Revolving Credit
5.4 Loans
6. Monitoring Your Money
6.1 Budget and Cash Flow
6.2 Net Worth, Assets, Liabilities
Learning Guide Topics (Detailed)
1. You
1.1 What Do You Want Out of Life?
1.2 Goal Setting
1.3 Needs and Wants
1.4 The Economics of Spending
1.5 Activities
2. Your Personal Finances
2.1 Cash Flow
2.2 Assets, Liabilities, and Net Worth (Equity)
2.3 Sources of Income
2.4 Financial Planning
2.5 Activities
3. Your Assets
3.1 Cash
3.2 Investment Securities
3.3 Capital Assets
3.4 Investment Property or Personal Use Property
3.5 Activities
4. Your Liabilities
4.1 Borrowing, Debt, Loans, and Credit — What Are They?
4.2 Why Do People Borrow?
4.3 Interest Payments
4.4 Credit Ratings
4.5 Revolving Credit and Loans
4.6 Rents and Leases
4.7 Family Loans and Loan Guarantees
4.8 Consumption, Income, and Wealth Taxes
4.9 Activities
5. Your Lifestyle
5.1 Basic Living Expenses
5.2 Home
5.3 Life Partner
5.4 Children and Dependents
5.5 Education
5.6 Job and Career
5.7 Commuting
5.8 Automobile
5.9 Health
5.10 Vacation
5.11 Retirement
5.12 Activities
6. Managing Your Assets and Liabilities
6.1 Setting Goals and Planning
6.2 Monitoring Your Financial Health
6.3 Insuring Your Life and Assets
6.4 Living and Retiring Comfortably
6.5 Charitable Contributions
6.6 Estate Planning
6.7 The Financial System
6.8 Cash Management Tools
6.9 Activities
7. Key Investment Concepts
7.1 Time Value of Money
7.2 Return on Investment (ROI)
7.3 Rate of Return
7.4 Risk and Return
7.5 Economic Influences
7.6 Economic Indicators
7.7 Activities
8. Making Your Money Grow
8.1 Definition of Saving, Investing and Gambling
8.2 Savings and Debt Investments
8.3 Equity Investments
8.4 Gambling
8.5 Qualified Retirement Plans
8.6 Summary
8.7 Activities
9. The Investment Timetable
9.1 How Your Investment Strategy May Change Over Time
9.2 Activities
10. Calculating the Return on Investment
10.1 Comparing Investments and Rates of Return
10.2 Simple Rates of Return
10.3 Compound Rates of Return
10.4 Activities
11. Banking
11.1 Checking Accounts.
11.2 Savings Accounts
11.3 Term Deposits
11.4 Electronic Banking Services
11.5 Risks and Benefits — Bank Accounts
11.6 Activities
12. Money Market Instruments
12.1 Money Market Securities
12.2 Money Markets
12.3 Buying and Selling Money Market Instruments
12.4 Risks and Benefits — Money Market Instruments
12.5 Activities
13. Bonds
13.1 What is a Bond?
13.2 Return on Bonds
13.3 Why People Buy Bonds
13.4 Bond Characteristics
13.5 Special Types of Bonds
13.6 Bond Ratings
13.7 Buying and Selling Bonds
13.8 Risks and Benefits — Bonds
13.9 Activities
14. Stocks
14.1 Why Companies Sell Stock
14.2 Why People Buy Stock
14.3 Which Companies Issue Stock
14.4 Issuing and Owning Stock
14.5 Classes of Stock
14.6 Stock Options and Warrants
14.7 Dilution and Stock Splits
14.8 Categories of Stock
14.9 Buying and Selling in the Stock Market
14.10 Risk and Benefits — Stocks
14.11 Activities
15. Mutual Funds
15.1 Types of Mutual Funds.
15.2 Buying and Selling Mutual Funds
15.3 Ownership
15.4 Risks and Benefits — Mutual Funds
15.5 Activities
16. Other Equity Investments
16.1 Derivatives
16.2 Commodities
16.3 Precious Metals
16.4 Capital Assets as Investments
16.5 Risks and Benefits — Other Equity Investments
16.6 Activities
17. Annuities and Types of Life Insurances as Investments
17.1 Annuities
17.2 Term Insurance
17.3 Whole Life Insurance
17.4 Term Insurance versus Whole Life Insurance
17.5 Activities
18. Insuring and Protecting
18.1 Risk Management
18.2 Insurance Basics
18.3 Types of Insurance
18.4 Consumer Protection
18.5 Activities
19. Credit and Borrowing
19.1 Purpose and Importance of Credit
19.2 Sources of Credit
19.3 Types of Credit
19.4 Creditworthiness
19.5 Impacts of Credit Decisions
19.6 Credit Report and Score
19.7 Cost of Borrowing
19.8 Managing Debt
19.9 Bankruptcy
19.10 Credit Laws
19.11 Activities
20. Education and Training
20.1 Educational and Career Opportunities
20.2 Factors in Choosing a Career
20.3 Evaluating Benefits and Costs of Different Choices
20.4 The Relationship Between Education, Economics, and Earning
20.5 Paying for Education & Training
20.6 Activities
21. Taxes
21.1 Direct and Indirect Taxes
21.2 Sales Tax
21.3 Income Tax
21.4 Real Estate Tax (Property Tax)
21.5 Estate Tax
21.6 Tax Shelters
21.7 Activities
22. Managing a Paycheck and Taxes
22.1 Wages and Income
22.2 Tax Deductions
22.3 Gross and Taxable Income
22.4 Tax Documentation
22.5 Activities