Financial Literacy Standard
SS.912.FL.5.4:Explain that an investment with greater risk than another investment will commonly have a lower market price, and therefore a higher rate of return, than the other investment. SS.912.FL.5.5:Explain that shorter-term investments will likely have lower rates of return than longer-term investments.
Financial Literacy Standards
SS.912.FL.3.1:Discuss the reasons why some people have a tendency to be impatient and choose immediate spending over saving for the future. SS.912.FL.3.6:Describe government policies that create incentives and disincentives for people to save.
Financial Literacy Standards
SS.912.FL.1.1: Discuss that people choose jobs or careers for which they are qualified based on non-income factors, such as job satisfaction, independence, risk, family, or location. SS.912.FL.1.2: Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits. Describe how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer. SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices. SS.912.FL.1.6: Explain that taxes are paid to federal, state, and local governments to fund government goods and services and transfer payments from government to individuals and that the major types of taxes are income taxes, payroll (Social Security) taxes, property taxes, and sales taxes. SS.912.FL.1.7: Discuss how people’s sources of income, amount of income, as well as the amount and type of spending affect the types and amounts of taxes paid.
People don't always make wise buying decisions. What if you made a bad decision like some of these consumers in the article Scam Artists Target Previous Victims (download the article below and scroll to the bottom of the page).
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![]() Do you think everyone should earn the same wage? What if some people work and others just sit there? Check out Henry Ford's Lesson on Wages and Productivity from Tampa Bay Times opinion column. What did Henry Ford believe? How is the wage or salary paid to workers determined? Why are businesses more willing to pay higher wages to more productive workers? Discuss issues surrounding earning more money based on job performance. For more about Henry Ford, check out the PBS American Experience: Henry Ford information.
Financial Literacy Standards
SS.912.FL.1.4: Analyze the reasons why the wage or salary paid to workers in jobs is usually determined by the labor market and that businesses are generally willing to pay more productive workers higher wages or salaries than less productive workers. SS.912.FL.1.5: Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
Watch this NIE video and use the discussions questions in the Tampa Bay Times Video of the Week lesson. After discussing the video and other information, ask students to consider the different choices for education. What are the costs and benefits? Now check out the infographic from the Federal Reserve. Using this information, what are some ways people can make more informed college and career decisions? What are the costs of certain career choices? What are the benefits?
Financial Literacy Standard
SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices. SS.912.FL.1.2: Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits. Describe how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer. SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices. More Resources for Insuring
Websites Referenced in Identity Theft Chapter 8 in Financial Freedom Texts and lessons for preventing identity theft and fraud. Introduction (p. 97):
Websites Referenced in Insurance Chapter 6 in Financial Freedom Auto Insurance 101
Investing lessons and PowerPoints
Federal Reserve Investing lesson and PowerPoint Federal Reserve Investing Activities Videos Biz Kid$ Videos on Financial Markets: This set of videos helps students understand the bulls and bears of Wall Street and how Financial Markets affect you. More Texts NIE text on the Stock Market: What's all the Shouting About? NIE text on the history of the Stock Market Investing Truths Websites Referenced in Chapter 10 Investing for Your Future in Financial Freedom What is Financial Investment (p. 122)? Bankrate.com Top Savings Account Tips for Every Generation What about interest? (p. 1240 HandsonBanking Financial Education Tools Stocks (p.125-129) HandsonBanking Stock Listing FCEE Stock Market Challenge Dallas Federal Reserve: Building Wealth Credit
Secured vs. Unsecured Loans
Reading a Credit Card Statement How to Read a Credit Report Understanding Credit Card Offers
Websites from Financial Freedom Chapter 2: Smart Saving Saving Money Financial Institutions Mobile Banking How to Write a Check
Here are some great resources for teaching the Financial Literacy Standard of Buying:
Websites from Financial Freedom Chapter 1: Managing Money
Learning to Manage Money Maximizing Your Purchasing Power Advertising Tricks Seasonal Shopping and Sales Coupons Buying Used Setting a Realistic Budget Earning Income Texts and Lessons:
Texts and Lessons to understand Income from NEFE Careers: Check out the NEFE article on careers. O*Net Online for Career Information Facts.org for Florida-specific career info Career Information from the College Board ION Future: STEM career exploration game Wages: EconEdLink Wages Lesson EconEdLink Henry Ford Productivity Case Study Lessons Bureau of Labor Statistics: provides wage data by Area and Occupation Learn about salaries of different occupations on the national database of pay differences Consider some factors that influence salaries. Unemployment: Federal Reserve Video Lesson on Unemployment Taxes: Use Taxation Nation, from We the Economy, to teach about taxes. Types of Taxes definitions and explanations Biz Kid$ video about how taxes impact a young person's life Higher Education Use the Loan Calculator Tool (referenced in Financial Freedom, p. 110) to understand how much annual income you need to repay without hardship. Article from the New York Federal Reserve addressing the costs and benefits of college. Data on changing college costs from the National Center for Education Statistics The Khan Academy on the financial costs and benefits of college. New York Times article on the price of dropping out of college. Financial aid shopping worksheet Websites from Financial Freedom Chapter 3: Searching for a Job and Earning Income Put Together a Resume Working for Yourself Taxes, Licenses and Insurance
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January 2022
CategoriesAuthorDeborah Kozdras, Ph.D. |