Welcome to Family and Consumer Sciences!
Personal Finance
Classroom and Course Guidelines for Success
Behavior:
- Be nice, be careful, clean up after yourself and do your best work.
- Come
prepared for class and be on time.
Assignments and
homework
- Course assignments will be handed out or can be found on the school “R” drive under the “Ries” folder then in the Personal Finance folder
- Completed assignments will be turned in on the school “U” drive or emailed unless otherwise noted.
- Turn in assignments on time, and do your own work to receive full credit. Any late work will result in being referred to SRB at the end of the day.
- Late work:
- Assignment due in class and not turned in: 90% credit
- Turned in by the end of the day (during/after SRB): 80% credit
- Turned in by the end of the following school day (not class day): 70% credit
- Work turned in over 2 days late: zero
- Make up time:
- Students who miss class due to an unexpected absence are expected to come get their homework the following school day (not class day). Assignments will be due the following class period (next day).
- Students who miss class due to an unexpected absence will be given one make up day for every school day missed.
- Students who miss class due to planned absences (sports, school activities, vacations, doctors’ appointments) should get their work before they leave and will not get extended make up time. Regular class deadlines will apply.
- Tests will be made up the following class period. No extended time unless you talk to me first.
- If you miss class, you can find your make up assignments on the back counter with a melon colored “Make up work for FACS” sheet attached or I will email it to you.
- Do your best work the first time around – extra credit is rarely given.
- Any
copying or cheating will result in a zero grade for all students
involved. Unless I tell you that
you may work together, I expect you to do your own work.
Classroom Guidelines
- Keep yourself busy if you get done with your work early. Do not bother other students.
- Pop, candy or snacks are allowed for special events only. Foods prepared in cooking lab stay there.
- I
will do everything I can to make sure every individual gets what they need
to be successful. Please contact me
if you need help with coursework or concepts.
Contact Information: Please
contact me if you have any questions
Cell Phone: 359-5507
Email: suzy.ries@k12.sd.us
Website: http://sr047.k12.sd.us/
Course
Syllabus – Personal Finance
Revised 8-15
Instructor: Suzy Ries Email: suzy.ries@k12.sd.us
Course
Description
Aim: Personal Finance is a required semester course designed to prepare students for successful management of their personal finances. An adult that lives within his or her income has more control over his life while expanding choices. Having the knowledge and skills to understand, implement and evaluate various financial practices can help prevent or limit loss and lead to a more fulfilling and happier life.
Grade Level 10-12
Length 1 semester: 18 weeks
Prerequisites None
Text Family
Economics and Financial Education. Online
at http://fefe.arizona.edu/.
Foundations in Personal Finance. Dave
Ramsey.
Practical Money Skills.com
Topics Covered
Personal Finance class covers the following topics:
1. Introduction to Personal Finance: Values, Goals, Needs and Wants
2. Income and Taxes
3. Savings
4. Budgets and Spending Plans
5. Investing
6. Debt
7.
Insurance
Instructional
Philosophy and Delivery Plan
Expectation: Students will be expected to meet all course goals by demonstrating their understanding of the basic concepts of each topic area. In order to pass the course students will need a minimum of 70% proficiency.
Delivery Method: Instruction will consist of individuals hands on activities and projects, group work, lecture, discussion, reading, writing, self assessment, and use of technology.
Community Involvement: Guest speakers and volunteers will be brought in throughout the course. Students will take a field trip to a domestic abuse shelter and other community service providers and will also use family and community resources to complete individual and group projects.
Assessment: Students will be graded on the following items: daily work, presentations, written reports, tests, group work, daily participation points and individual projects. Grades will not be rounded.
Course Goals:
Technical Standards:
Indicator
#1: Analyze elements that affect personal
income.
Standards
Understand
PF 1.1 Explain controllable factors involved in
personal finance.
Analyze
PF 1.2 Analyze factors that affect take home
pay.
Indicator
#2: Implement the processes involved in
managing personal finances.
Standards
Apply
PF 2.1 Execute a rational decision-making
process considering alternatives and
consequences.
Analyze
PF 2.2 Differentiate between various money
management tools.
Create
PF 2.3 Generate a system to organize finances and maintain records.
Indicator #3: Use an informed decision-making process to manage credit and debt.
Standards
Analyze PF 3.1 Differentiate the sources, costs and benefits of using consumer credit.
Understand
PF 3.2 Explain the positive and negative consequences of using credit.
Indicator #4: Evaluate savings and investment options to meet short- and long-term goals.
Standards
Understand PF 4.1 Explain how saving contributes to financial security.
Understand PF 4.2 Explain how investing builds wealth and helps meet financial goals.
Indicator
#5: Use appropriate and cost-effective risk management strategies.
Standards
Evaluate PF 5. 1 Critique how risk management protects against financial loss.
Evaluate PF 5. 2 Check how state and federal laws and regulations protect consumers.
Transferable Work Skills
Foundation
Skills
Basic
Skills:
Higher-Order Thinking Skills: Thinking creatively, making decisions, solving problems, reasoning
Personal Qualities: Individual responsibility, self-esteem, social ability, self-management and integrity
Competencies
Resources: Allocating time, money, materials
Interpersonal Skills: Working on teams, teaching others, leading, negotiating
Information: Acquiring and evaluating data, organizing files, interpreting and communicating, using computer to process information.
Systems: Understanding social and technological systems
Technology: Selecting equipment and tools, applying technology to specific tasks
Major Course Projects
·
Online
Budget Simulation
·
Developing
a spending plan/monthly budget
·
Stock
market game
·
Identity
theft assessment
·
Debt
Snowball
Assessment Plan and Grading
Scale
Student
assessment will be based upon group work and / or individual completion of
project journals, presentations, written reports, tests on concept knowledge
and demonstrations of important skills.
·
Tests/Quizzes: Evaluation of concept knowledge through
tests/quizzes and application through hands-on assessment.
·
Projects: Quality of projects, reports, oral and
written presentations and lab work
·
Daily
Work: Daily assignments, journal, and
self/group evaluations.
Grading
Scale: