General Financial Literacy
Educational Links

Strand 5

Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

• Budget Breakdown: High School vs. Adult
  Students will analyze monthly household expenses, explain the benefits of using a budget, and create a sample budget.
• Budget Categories
  While completing a digital worksheet, students will describe the purpose of a budget, classify expenses as needs and wants, and explain the difference between gross pay and net pay.
• Budgeting
  Students will create a zero-budget from a projected salary for a career of their choice, practicing the PYF principle and learning realistic costs of living.
• Build your Credit
  Students will comprehend the essential steps involved in building credit.
• Buying and/or Leasing a Vehicle
  Using guided notes, students will explain the pros and cons of leasing a car and buying a car. Students will also understand the costs of monthly payments and why they differ between buying and leasing.
• Consumer Protection Laws
  Students will be able to identify methods used by predatory lenders for prevention, comprehend basic consumer rights, and demonstrate knowledge of filing complaints when these rights are violated. Additionally, students will understand tactics employed by predatory lenders and be equipped with the skills to avoid falling victim to them
• Exploring Homeownership: Rights, Responsibilities, and Qualification Factors
  Students will be able to understand the processes, rights, and responsibilities of renting, leasing, and purchasing a home. Identify key qualification factors for homeownership, including debt-to-income and loan-to-value ratios, and comprehend the roles of professionals in the home-buying process.
• FAFSA Outcomes
  Students will demonstrate the ability to explain five potential ways to pay for school, including detailing the four outcomes of the FAFSA and the 529 Plan.
• Financial Goals
  Students will learn about SMART financial goals and then complete a worksheet where they will set personal financial goals, both long and short term.
• Fraud and Online Scams
  Students will learn how to spot scam, find examples of online scams and learn how to recognize and protect themselves from questionable behavior.
• Navigating Credit: Essential Concepts and Terminology
  Students will comprehend essential credit concepts, emphasizing the purpose and role of credit, the significance of maintaining a healthy credit rating, and key terms including APR, grace period, late fees, finance charges, default rates, interest, and closing costs.
• Smart Credit Choices: Empowering Your Financial Journey
  Students will be able to explore credit-related concepts and tools, delving into key terms including credit, credit cards, installment loans, revolving credit, student loans, mortgage, payday loans, predatory lenders, and simple interest in this lesson.
• Understanding Credit: The 5 C's and Long-Term Consequences
  Students and explores the fundamental concepts of credit, creditworthiness, and the long-term consequences of financial decisions.

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http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE).  Send questions or comments to USBE Specialist - Breckon  Heywood and see the Financial Literacy website. For general questions about Utah's Core Standards contact the Director - Jennifer  Throndsen.

These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Board of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Board of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.