LIFEPAC® Consumer Math Unit 2 Worktext

Description

Consumer Mathematics Unit 2 introduces students to the concept of creating a budget, developing a savings and investment plan, identifying insurance to protect against financial risks, and concepts of organizing personal finances. The unit also teaches students tips about spending wisely, avoiding impulse purchases, and tracking spending habits. Lastly, students are introduced to money management tools for creating a budget and ways online banking can support budget tracking.

In this course, students will study:

• Creating a budget
• Savings and investment plans
• Insurance options to reduce financial risk
• Wise spending habits
• Tools for creating a budget
• Online money management tools
• Online banking

Course Objectives

• Define key financial terms, such as variable expenses and fixed expenses.
• Identify the components of a personal financial plan.
• insurance plan, and a saving and investing plan.
• Describe a strategy for organizing personal finances.
• Describe a budget and its benefits.
• Describe the benefits of creating and following a monthly purchase plan.
• Describe the effects of overspending.
• Identify tools that help manage money, considering different scenarios.
• Review pay deductions and withholdings on pay.
• Understand how online banking tools support budgeting.

Unit 2: Money Management

• Creating a budget
• Saving and investing
• Quiz
• Spending wisely
• Tracking spending
• Quiz
• Money management tools
• Online banking money management tools
• Quiz
• Unit Test