Chapter 1 Learning Outcomes

In this chapter, students will…
  • Describe what personal finance is.
  • Outline the components of effective financial planning.
  • Identify focuses of study throughout this course.
  • Understand the evolution of America’s dependence on credit.
  • Observe and analyze the “normal” American family as it relates to personal finance.
  • Develop communication strategies for managing money and discussing financial issues.
  • Evaluate their own money personality; identify their money strengths and weaknesses.

Chapter 1 Vocabulary

  • Consumer
  • Credit
  • Debt
  • Economy
  • Financial literacy
  • Interest
  • Loan
  • Personal finance

Academic Standards Met in Chapter 1

Financial Responsibility and Decision Making: Apply reliable information and systematic decision making to personal financial decisions.
  • HS-PF1-1: Take responsibility for personal financial decisions.
  • HS-PF1-4: Make financial decisions by systematically considering alternatives and consequences.
  • HS-PF1-5: Develop communication strategies for discussing financial issues.
Credit and Debt: Maintain creditworthiness, borrow at favorable terms, and manage debt.
  • HS-PF4-1: Identify the costs and benefits of various types of credit.

Files for Download

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Chapter 1

Chapter 1 Assignments

1.1 - Pop Music Lesson
1.2 - Game of Chance
1.3 - What Is Personal Finance?
1.4 - Chapter 1 Case Studies
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