Local Career & Technical Standards Development -Family and Consumer Science –090101 (Program Code)

Course:            Number _____________


Title: LifeSmarts









Standards covered in this class:


1.2: Demonstrate transferable and employability skills in community and workplace settings


2.1: Demonstrate management of individual and family resources, including food, clothing, shelter, health care, recreation, and transportation


2.2: Analyze the relationship of the environment to family and consumer resources


2.3: Analyze policies that support consumer rights and responsibilities


2.4: Evaluate the impact of technology on individual and family resources


2.5: Analyze interrelationships between the economic system and consumer actions


2.6: demonstrate management of financial resources t meet the goals of individuals and families across the life span


3.3: Analyze factors in developing a long-term financial management plan


11.2: Evaluate housing decisions in relation to available resources and options








Financial Planning

  • Demonstrate management of individual resources
  • Demonstrate management of financial resources to meet goals
  • Values worksheet
  • Financial Planning Process
  • Start checking account simulation
  • Financial Planning workbook assignment       



Career & Education

  • Observe criteria employers look for in the workplace
  • Relate career factors to earning potential


  • Job interest inventory
  • Complete a job interview and related tasks
  • Guest speaker evaluation




  • Identify sources of income
  • Explain how taxes and employee benefits relat to disposable income
  • Design a plan for earning, spending and saving personal financial resources
  • Identify gross income, net income, payroll deductions, fixed expenses and variable expenses
  • Construct a simple budget
  • Complete W-4 and Fed. 1040 EZ income tax form
  • Complete Minnesota short form
  • Keep track of income and expenses for 4 months


2.1, 2.6



  • Identify housing criteria
  • Read and interpret a lease
  • Understand the advantages and disadvantages of buying vs. renting
  • Complete Apartment rental packet (covers leases, housing insurance and furnishings)
  • Evaluate video on “How to rent an apartment”
  • Design a project that informs other on the topic of renting or buying housing or renting vs. buying housing

3.3, 11.2



  • Describe how insurance works
  • Recognize costs associated with insurance coverage
  • Distinguish between types of auto insurance
  • Identify general types of insurance: health, property, life, disability, and liability
  • Complete packet on car insurance, health insurance and life insurance
  • Participate in insurance game
  • Analyze case scenarios on insurance
  • Evaluate guest speaker on car insurance




  • Identify sources of credit
  • Apply decision making skills to personal finance choices
  • Explain the importance of using and managing credit wisely
  • Compute costs of using credit
  • Complete credit application forms
  • Read and interpret credit card applications
  • Critique and evaluate video on buying a car
  • Design a project that informs others on credit
  • Complete a buyer’s guide on the purchase of a major expense item



Savings and investments

  • Define key investment principles such as interest, mutual fund, Rule of 72, savings, stocks, time value of money, compounding interest, diversification
  • Research the advantages and disadvantages of investing
  • Design a project that explains investment principles
  • Evaluate speaker on investment

2.2, 2.4, 2.5, 3.3