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

Unit	Content	Skills	Assessment	National Standards
1	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	2.1
2	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	1.2
3	Budget	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
4	Housing	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
5	Insurance	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	3.3
6	Credit	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	3.3
7	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