Unit Overview: Personal Finance
The focus of this unit is the self-discipline required to make informed and reasoned decisions concerning wise spending and saving choices.
Evidence of Learning
What students should know:
• Decisions about personal spending and saving have both costs and benefits
Standards
SS2E4 - The student will describe the costs and benefits of personal spending and saving choices.
At the end of this unit the student understands that
• Decisions about personal spending and saving have both costs and benefits.
• The benefit of saving is to purchase items that they want.
• The cost of saving is that saving money to purchase an item takes longer.
• The benefit of spending is that you can buy what you want when you want it.
• Making good choices when it comes to spending or saving money
• Many people are careful not to spend all their income
• Some people save money to pay for what they want
• How a person benefits based on their choice of how to spend money
Suggested Vocabulary
• smart spending
• smart saving
• costs
• benefits
• needs/wants
• opportunity cost
The focus of this unit is the self-discipline required to make informed and reasoned decisions concerning wise spending and saving choices.
Evidence of Learning
What students should know:
• Decisions about personal spending and saving have both costs and benefits
Standards
SS2E4 - The student will describe the costs and benefits of personal spending and saving choices.
At the end of this unit the student understands that
• Decisions about personal spending and saving have both costs and benefits.
• The benefit of saving is to purchase items that they want.
• The cost of saving is that saving money to purchase an item takes longer.
• The benefit of spending is that you can buy what you want when you want it.
• Making good choices when it comes to spending or saving money
• Many people are careful not to spend all their income
• Some people save money to pay for what they want
• How a person benefits based on their choice of how to spend money
Suggested Vocabulary
• smart spending
• smart saving
• costs
• benefits
• needs/wants
• opportunity cost