Financial Literacy

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Financial Literacy

• West Morris Central
• Mrs. Pollison

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Course Description

• All students need to understand the basics of
  personal finance and be prepared to make informed
  financial decisions. Students will learn how to
  budget, maintain a checking/savings account,
  invest in the stock market, apply for a loan,
  rent/buy a home or apartment, understand and
  purchase insurance, plan for retirement, and
  analyze a paycheck. Other topics include
  banking services, owning and operating a car,
  consumer protection and fraud, wise use of
  credit, and relevant laws.

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Topics

• Money the Federal Reserve
• Budgeting Keeping Financial Records
• Comparing Banking Services
• Managing a Checking Account
• Saving, Investing, Online Banking
• Stocks, Bonds, Financial Markets (Stock Market
  Game)
• Types and Sources of Credit
• Credit Ratings, Cost of Credit, Where?
• Consumer Protection Laws and Bankruptcy
• Housing Alternatives (Renting vs. Buying)
• Evaluating Transportation Costs and Options
• Buying vs. Leasing an Automobile
• Managing Personal Risks
• Property and Liability Insurance
• Health, Disability, and Life Insurance
• Automobile Insurance
• Consumer Rights and Responsibilities
• Pay, Benefits, Taxes (prepare income tax forms)

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Methods Techniques

• PowerPoint presentations
• DVDs/videos
• Internet video clips
• Financial websites Federal Reserve, NYSE,
  credit bureaus, banks
• Internet searches (assignments/projects)
• Simulations On Your Own packet, etc.
• Textbook Managing Your Personal Finances
• Booklets, pamphlets, comic books

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Grades (total points)

• Computer/Internet Assignments and Projects
• In-Class Assignments Projects
• Research Projects individual and team
• Unit Tests and Quizzes
• Personal Budgeting Simulation (On Your Own)
• Checking Simulation (How to Do Your Banking)
• Computer Simulation (Financial Literacy)
• Class Participation/Time Management during class

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Grading Criteria and Scale

• Tests and Quizzes 40
• All quizzes and tests must be made up within 1
  week.
• Daily Assignments In-Class 30
• Simulations, Projects, Presentations 30
• Tests 50-100 points
• Quizzes 10-20 points
• Minor Assignments ? ? ?- (3, 2, 1, 0 points)
• Major Assignments 10-20 points
• Projects 50-100 points

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Mrs. Pollison

• West Morris Central 10 years
• CCM, RVCC, SCCC 8 years
• Adult schools 7 years
• Bound Brook High School 8 years
• Computer Consulting Business 10 years
• Banking 2 years
• The College of NJ B.A. and M.Ed. In Business
  Education
• 30 graduate education credits (beyond Masters)
• IB Business Management training 1 wk in NM
• NYSE Workshop 1 week
• NY Federal Reserve Personal Finance Workshop

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Knowledge is power!