Personal Financial Literacy

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Personal Financial Literacy

• Online Course
• Butler Technology Career Development Schools

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Amended Senate Bill 311

• Amended Substitute Senate Bill 311 directed that
  all Ohio high schools, beginning with students
  who enter ninth grade for the first time on or
  after July 1, 2010, integrate the study of
  economics and financial literacy, as expressed in
  the social studies academic content standards so
  that every high school student receives
  instruction in those concepts.

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Social Studies Academic Content Standards
Addressed

• Benchmark E Explain the use of a budget in
  making personal economic decisions and planning
  for the future.
• 11. Explain why incomes will differ in the labor
  market depending on supply and demand for skills,
  abilities and education levels.
• 12. Explain the role of individuals in the
  economy as producers, consumers, savers, workers
  and investors.
• 13. Explain the consequences of economic choices
  made by individuals and the tools which they use
  to manage their financial resources including
• a. Budgets
• b. Savings
• c. Investments
• d. Credit
• e. Philanthropy.
• 14. Describe how interest rates affect savers and
  borrowers.

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Meeting the Requirements

• Several excellent resources meet and/or exceed
  the minimum requirements to fulfill the financial
  literacy requisite. These can be found in
  existing classes in Business Education, Family
  and Consumer Sciences and the Social Studies
  programs.

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College Credit

• College credit can be awarded for completing a
  rigorous financial literacy course.

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BTOL Financial Literacy Course

• Semester course
• Consists of 18 topics
• Taught using Ohio Department of Education Work
  and Family standards in addition to the Social
  Studies standards outlined in Amended House Bill
  311

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Development Team

• Primary Developer Megan Reed, Work Family
  Instructor, Butler Tech
• Reviewed by
• Donna Elsen, Work Family Instructor, Butler
  Tech
• Marci Sorrell, Work Family Instructor, Butler
  Tech
• Traci Robinson, Work Family Instructor, Butler
  Tech
• Jill Tapp, Work Family Instructor, Butler Tech
• Brian Page, Business Instructor, Reading City
  Schools
• Mary Jo Kohl, Education Consultant, Ohio
  Department of Education
• D.R. Fannin, Director, Center for Economics
  Education, Wright State University
• John Morris, COO Economics Center for Education
  Research, UC

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Resources

• FEFE (Family Economics Financial Education)
• Practical Money Skills
• NCEE (National Council on Economic Education)
• Insurance Education Institute

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Personal Financial Literacy Course

• Topics
• Topic 1 Getting Started
• Topic 2 Wise Up! Making Good Financial Decisions
• Topic 3 Payday!
• Topic 4 Sharing the Risk Insurance
• Topic 5 Sharing the Risk Insurance II
• Topic 6 Budgeting
• Topic 7 Banking Options
• Topic 8 Money Management Tools
• Topic 9 Smart Saving

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Personal Financial Literacy Course

• Topics
• Topic 10 Investing in Your Future
• Topic 11 Investing in the Stock Market
• Topic 12 Credit Worthiness
• Topic 13 Being Credit Wise
• Topic 14 Cost of Credit
• Topic 15 Taking Out a Loan
• Topic 16 Protecting Yourself Your Money
• Topic 17 Bringing It All Together
• Topic 18 Final Exam

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Topic 2 Wise Up! Making Good Financial Decisions

• Values
• Goals
• Stress

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Topic 3 Payday!

• Focus on income and benefits
• Careers Income
• Your Paycheck and Taxes
• Reading your Paycheck Stub
• Comparing Job Opportunities

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Topic 4 Sharing the Risk Insurance

• Risk Assignment
• Health Insurance Quote Assignment
• Healthcare Crisis Forum

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Topic 5 Sharing the Risk Insurance II

• Supplemental Insurance Presentation
• Renters Insurance
• Automobile Insurance
• Life Insurance

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Topic 6 Budgeting

• Balancing a Budget
• SMART Financial Goals
• Money Saving Tips Forum

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Topic 7 Banking Options

• Comparing Financial Institutions
• Electronic Banking Tutorial
• Electronic Banking Crossword

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Topic 8 Money Management Tools

• Cash Management Tools Assignment
• Checking Assignment
• Choosing a Financial Institution

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Topic 9 Smart Saving

• Savings Terminology Assignment
• Rule of 72 Assignment
• Miracle of Compounding Interest Assignment
• Time Value of Money Assignment

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Topic 10 Investing in Your Future

• Show Me the Money Assignment
• Return on Investment Assignment
• Investment Strategies Assignment
• Investment Scams Forum

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Topic 11 Investing in the Stock Market

• Stock Market Crossword
• How a Stock is Bought and Sold Reading
• Stock Prices Assignment
• Stock Table Assignment
• Stock Search Assignment
• Choosing Stocks Assignment

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Topic 12 Credit Worthiness

• Credit Knowledge Assignment
• Good Credit / Bad Credit Assignment
• Good Credit Saves you Money Assignment
• Credit Score Credit Reports Assignment
• SMART Credit Goals Assignment

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Topic 13 Being Credit Wise

• Costs Benefits of Credit Assignment
• Comparing Credit Cards Assignment
• Credit Statement Error Assignment
• Credit Review Game (like Jeopardy)

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Topic 14 Cost of Credit

• Safe Debt Load Assignment
• The Credit Decision Assignment
• The REAL Cost of Using Credit Assignment
• Credit Trouble Assignment

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Topic 15 Taking Out a Loan

• Budgeting a Car Loan Assignment
• Auto Loan Choice Assignment
• Computing Mortgage Payments Assignment
• Comparing Mortgages Assignment
• Installment Loans Crossword

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Topic 16 Protecting Yourself Your Money

• Payday Loan Hazard Assignment
• Common Fraud Schemes Reading
• The Deception Reaction Assignment
• Identity Quotient Assignment
• ID Theft Tip Sheet Assignment

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Topic 17 Bringing it All Together

• 1040EZ Tutorial
• The Economy, Taxes, and You Self-Assessment
• Culminating Course Project
• Financial Institutions
• Financial Planning (FCCLA)
• Car Comparison
• Cost of Credit
• Course Review Game (Jeopardy style)
• Course Reflection

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Comments

• Feedback. . . . .
• Thanks for taking a glance at the new Personal
  Financial Literacy Course!
• Please see the presentation handout for contact
  information.