Students will be able to: Analyze how diversification effects risk when investing Explain the benefits and more favorable levels of risk when investing in an index fund vs. picking individual stocks Analyze the long-term performance of an index fund like the S&P 500 alongside the performance of individual stocks
Material Type: Lesson Plan
Students will be able to: Explain how young people can start investing responsibly Outline the process of investing using a custodial account Analyze an index fund’s fact sheet
Material Type: Lesson Plan
Students will be able to: -Correctly use fundamental vocabulary related to credit and lending -Explain how loan amortization and payments work -Understand how principal, interest rate, and term are critical components to evaluating credit options
Material Type: Lesson Plan
Students will be able to: -Explain how a credit card works in terms of making purchases and managing payments -Read a Schumer box and identify how terms of the card impact total cost of purchases -Understand how interest is charged and how to avoid or minimize it -Read a credit card statement
Material Type: Lesson Plan
Learning Objectives Students will be able to Explain what a bond is and the pros and cons of investing in bonds Understand the various factors that can influence bond prices such as interest rates Identify the difference between an individual bond and a bond fund Read a bond fund fact sheet Approximate Time Lesson length: 90 mins
Material Type: Lesson Plan
Estimated Lesson Time: 120 minutes Students will be able to: -Generate a list of responsible strategies that can be used by an individual to pay down and eliminate their debts -Explain the difference between High Rate and Debt Snowball repayment methods -Decide whether credit counseling, the FTC, or the CFPB could help them manage debt -Understand the consequences of not paying one’s debts and the choices of last resort for out-of-control debt ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
Material Type: Lesson Plan
Estimated Lesson Time: 140 Minutes Students will be able to: -Name the components of a credit score and how they’re calculated, with a specific focus on credit utilization rate -Describe how credit score impacts the ability to borrow money and at what rate -Understand the implications of a thin file and how they can build credit and improve their score -Summarize the rules contained in the Equal Credit Opportunity Act ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
Material Type: Lesson Plan
Estimated Lesson Time: 100 Minutes Students will be able to: -Enumerate the components of a credit report and how long each data type is retained -Read a credit report -Explain key components of the Fair Credit Reporting Act and how it impacts lenders and borrowers -Understand the importance of reviewing one’s credit report and the steps to take to find and dispute errors ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
Material Type: Lesson Plan
Estimated Lesson Time: 95 Minutes Students will be able to: -Explain how to make good choices regarding the use and management of credit and debt -Understand how credit is typically used in the US -Calculate net worth -State the difference between a credit report and score and why each is important ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
Material Type: Lesson Plan
Estimated Lesson Time: 140 Minutes Students will be able to: -Make informed decisions about how much student loan debt to take on, based on college costs and projected salary upon graduation -Explain the difference between private and Federal loans, and the various types of Federal loans, and when to use each -Select the best repayment option to minimize total amount paid while also keeping monthly payments reasonable within a budget -Learn strategies for avoiding default, including whether consolidation is an appropriate option
Material Type: Lesson Plan
Students will be able to: -Evaluate the pros and cons of borrowing money -Propose alternative ways of helping someone rather than lending them money -Create a repayment plan -Adjust a repayment plan when one party is unable to follow through Lesson Length: 60 mins
Material Type: Lesson Plan
Students will be able to: -Explain the concepts of credit, interest, and loans -Compare the similarities and differences between credit and debit cards -Analyze the key differences between credit and debit cards that make one more beneficial than the other in certain situations Lesson Length: 60 mins
Material Type: Lesson Plan
Students will be able to: -Choose whether a debit or credit card is appropriate for different situations -Explain how a person can use credit cards responsibly -Analyze a credit card statement Lesson Length: 60 mins
Material Type: Lesson Plan
Students will be able to: -Explain what is a credit score -Explain what factors affect a person’s credit score -Demonstrate behaviors that can positively or negatively affect a person’s credit score Lesson Length: 60 mins
Material Type: Lesson Plan
Students will be able to: -Explain how a loan’s principal, interest rate, and term affect the overall cost of the loan -Explain beneficial ways to prepare for taking out a loan and where to apply for one -Calculate the total cost of a loan with different credit scores Lesson Length: 60 mins
Material Type: Lesson Plan
In this 85-minute lesson, students will be able to: -Explain the fundamental ways that insurance companies provide coverage but also make money as a business -Recognize the relationship between insurance premiums, deductibles, and coverage limits -Determine the role of states in providing, regulating, and enforcing insurance requirements -Acknowledge the costs of insurance fraud
Material Type: Lesson Plan
In this 95-minute lesson, students will be able to: -Understand the importance of having health insurance -Identify the various costs affiliated with having health insurance -Explain how health insurance works and the different types of plans available to them -Understand how government healthcare programs like Medicaid and CHIP work and who qualifies for them -Explore steps they can take to lower their medical costs
Material Type: Lesson Plan
In this 80-minute lesson, students will be able to: -Understand how millions of Americans get their health insurance -Explain the pros and cons of opting into your employer health plan versus buying your own -Read the fine print on a health benefits form and shop around for a health insurance plan that works for you -Determine what steps you can take if you are faced with expensive medical bills
Material Type: Lesson Plan
In this 100-minute lesson, students will be able to: -Describe the main types of auto insurance policies -Explain the relationship between deductibles, coverage limits, and premiums for auto insurance -List factors that determine auto insurance premiums -Determine legally required and recommended coverage levels -Read the fine print of an insurance policy and determine what coverage is provided -Identify steps to take immediately after an auto accident and successfully file a claim
Material Type: Lesson Plan
In this 75-minute lesson, students will be able to: -Distinguish the similarities and differences between renters and homeowners insurance -Read the fine print of a rental insurance agreement and a homeowners insurance declaration page -Appreciate why it is valuable to have insurance for your dwelling, regardless of whether you own or rent a home
Material Type: Lesson Plan
