Course Description Consumer Mathematics is a life skills course that introduces students to the concept of financial literacy with practical applications to consumer concepts. Many of the math concepts students have studied or are currently studying in core courses will be applied to consumer math scenarios, providing opportunities to apply math concepts to real financial scenarios. Students will learn about practical financial concepts that will prepare them to become smart consumers with responsible spending and saving habits. In this course, students will study: Personal financial planning Money management Financial institutions Saving and investing Consumer credit basics Consumer lending basics Smart consumer practices Life and health insurance Responsibility and financial planning Course Objectives Upon successfully completing the course, students will be able to: Describe components of a financial plan, including establishing a budget. Analyze how career choice, education, and skills affect income. Set financial goals. Describe strategies for spending wisely. Compare tools, services, and resources of financial institutions. Identify financial risks and strategies to minimize them. Describe key features of different types of savings and investment accounts. Understand how credit scores are developed. Define key financial terms associated with credit cards. Understand mortgage lending processes. Compare renting vs. buying benefits and disadvantages. Recognize their rights as a consumer. Recognize options for life and health insurance. Identify other types of insurance. Use research and evaluation strategies to make financial decisions. Unit 1: Personal Financial Planning Financial literacy Setting goals Quiz Career planning Researching Careers Quiz Sources of income Paychecks Taxes Quiz Unit Test 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 Unit 3: Financial Institutions Types of financial institutions Bank services, tools, and resources Quiz Checking accounts Online banking Quiz Financial risks Managing risks Quiz Unit Test Unit 4: Saving and Investing Saving accounts Special saving accounts Quiz Investing vs. saving Investment products Quiz Unit Test Unit 5: Consumer Credit Basics Credit cards Finance charges Selecting the right credit card Quiz Credit scores Using credit responsibly Quiz Consequences of excessive debt Correcting excessive debt Quiz Unit Test Unit 6: Consumer Lending Overview of loans Repaying loans Quiz Mortgage loans Understanding mortgage payments Quiz Other types of loans Financial aid for education Quiz Renting vs. buying Quiz Unit Test Unit 7: Smart Consumer Consumer rights Savings account and loan rights Quiz Consumer responsibilities Understanding advertisement techniques Quiz Unit Test Unit 8: Health and Life Insurance Understanding life insurance Types of life insurance Quiz Understanding premiums Factors that insurance life insurance costs Factors that insurance life insurance premiums Quiz Types of health insurance Understanding costs of health insurance Quiz Unit Test Unit 9: Responsible Financial Planning Responsible habits to start today Costs of financial irresponsibility Quiz Finding and evaluating financial information Sources of reliable and unreliable information Quiz What to consider for retirement savings Calculating retirement income Quiz Unit Test Unit 10: Reviewing Consumer Math Concepts Incomes, banking, and budgets Quiz Taxes, insurance, and investments Quiz Credit scores, credit cards, and consumer loans Quiz Managing debt and planning for the future Quiz Unit Test Teacher's Guide The Consumer Mathematics Teacher’s Guide provides answer keys to all unit questions, as well as Self Tests and Unit Tests. For each unit, a Teacher Notes section provides information on required and optional materials and optional additional activities that may be used to practice or apply student learning. Activities range from games to real-life application of concepts. In the Teacher’s Guide, parents will access: The Course Scope & Sequence Details on the structure of the LIFEPAC curriculum Teaching supplements Materials lists Optional additional learning activities Solution keys ISBN 9780740342844 (Previously 9780740303302), Product Code ES2315, SKU 1050014, Recommended for High School
