Scope and Sequence for High School Financial Literacy
Scope and Sequence for High School Financial Literacy
1. Introduction to Financial Literacy
- Overview of financial literacy concepts
- Importance of financial literacy
- Personal finance mindset and goals
2. Earning Income
- Types of income (e.g., salary, wages, commissions)
- Understanding pay stubs and deductions
- Income taxes and filing basics
3. Budgeting and Money Management
- Creating a budget and tracking expenses
- Savings strategies and emergency funds
- Banking services and managing accounts
4. Credit and Debt Management
- Understanding credit scores and reports
- Types of credit (credit cards, loans)
- Responsible borrowing and debt management
5. Investing Basics
- Introduction to investments (stocks, bonds, mutual funds)
- Risk vs. return and diversification
- Long-term financial planning and retirement accounts
6. Consumer Awareness and Protection
- Rights and responsibilities as a consumer
- Avoiding scams and identity theft
- Understanding contracts and agreements
7. Financial Decision Making
- Evaluating financial choices (renting vs. buying, car purchases)
- Career planning and education costs
- Ethics and values in financial decisions
8. Economic Systems and Globalization
- Basics of economic systems (capitalism, socialism)
- Global economic interdependence
- Impact of globalization on personal finance
9. Current Issues in Finance
- Financial challenges facing young adults
- Technological advancements in finance (digital currencies, fintech)
- Environmental, social, and governance (ESG) considerations
10. Capstone Project
- Applying financial literacy skills to real-world scenarios
- Presenting and defending financial decisions
- Reflection on personal financial goals and strategies
Implementation Notes:
- Progression: Topics should progress from foundational concepts to more complex issues, building on previous knowledge.
- Integration: Incorporate real-world examples, case studies, and interactive activities to enhance learning.
- Assessment: Use quizzes, projects, and simulations to assess student understanding and application of financial concepts