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Personal Resource Management and Family Finance
updated November 2005
| Grade
Levels: |
Suggested
for grades 9 and up
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DOE Code: 5484
|
| Length
of Course: |
One
semester or two semesters |
CIP code:
19.0499 |
| Credits: |
One
credit per semester |
APC
funding level: $250 per student |
| Prerequisites: |
Suggested
- Orientation to Life and Careers
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TEACHER
RESOURCES
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COURSE
DESCRIPTION
PERSONAL
RESOURCE MANAGEMENT AND FAMILY FINANCE addresses
the identification and management of personal resources and family
finances to
meet the needs and wants of individuals and families throughout the
family life
cycle, considering a broad range of economic, social, cultural,
technological,
environmental, and maintenance factors. A project‑based approach that
utilizes
higher order thinking, communication, leadership, and management
processes is
recommended in order to integrate suggested topics into the study of
individual
and family issues. Topics include analysis of personal standards,
needs,
aptitudes and goals; personal decision making; personal finance topics
such as
making money, banking, saving and investing, managing credit, managing
risks
and insurance; financial planning for daily needs now and for the
future;
integrating family, community, and career responsibilities into
personal and
family financial planning; consumer choices, rights, and
responsibilities, and
decision making related to meeting personal and family goals for
nutrition and wellness,
clothing, housing, and transportation.
Applications through authentic settings such as work‑based
observations
and service learning experiences are appropriate. Direct, concrete
applications
of mathematics proficiencies in projects are encouraged.
This
course is recommended for all students regardless of their career
cluster or pathway, in order to build skills needed for assuming their
roles and responsibilities as individuals and family members and in
family and community settings. It is recommended as
a core component of the four-year career plans for the career clusters
of art, A/V technology & communications; business, management &
finance; education & training; health services; personal &
commercial services; social & recreational services; law, public
safety & security; and marketing, sales & promotion.
- One-semester
or two-semester course, one credit per semester
- A
Core 40 elective course
- An
elective course for Academic Honors and Technical Honors Diplomas
-
Indiana
Academic Standards for
English/Language Arts and Mathematics and National Standards for
Family and Consumer Sciences have been integrated into this course.
- A
vocationally licensed (CTE) family and consumer sciences teacher must
teach this course.
- One
of the six FACS courses from which students may choose three to fulfill
the required Health and Safety credit. See State Rule 511 IAC 6-7-6 (6)
- This
course generates state vocational funding (APC) for schools with
approved FACS programs.
ACADEMIC STANDARDS
updated
November 2005
The
following measurable exit standards define what students should know
and be able to do at the end of the course. Academic standards do not
define a specific sequence for teaching and learning. While all content
standards and competencies should be addressed in some way, teaching
order and areas of emphasis will vary according to local needs. Content
standard #1 and competencies 1.1 through 1.5 form the foundation for
the project-based approach recommended for implementing the remaining
standards. This checklist format facilitates use by teachers
and/or students for planning and reflecting on achievement of
competencies.
Standard
1
Students will integrate processes of thinking,
communication, leadership, and management in order to apply personal
resource management and family finance knowledge and skills. |
| __
RM-1.1 |
Demonstrate
components of critical thinking, creative thinking, and reasoning. |
| __
RM-1.2 |
Evaluate
effective communication processes in school, family, career,
and community settings. |
| __
RM-1.3 |
Demonstrate
leadership that encourages
participation and respect for the ideas, perspectives, and
contributions
of group members. |
| __
RM-1.4 |
Apply
management, decision-making, and problem solving processes
to accomplish tasks and fulfill responsibilities. |
| __
RM-1.5 |
Examine
the interrelationships among thinking, communication, leadership, and
management processes to address family, community, and workplace issues. |
Standard 2
Students will analyze strategies to manage multiple individual, family,
career, and community settings. |
| __ RM-2.1 |
Analyze
consumer policies, issues, and trends that impact individuals and
families. |
| __ RM-2.2 |
Analyze
the impact of social, economic, and technological change on work and family dynamics. |
| __ RM-2.3 |
Analyze
ways that individual career goals can enhance capacity to meet goals
for all family members. |
| __ RM-2.4 |
Analyze
the potential impact of career path decisions on balancing work and
family. |
| __ RM-2.5 |
Determine
goals for life-long learning and leisure opportunities for all family
members. |
Standard 3
Students will demonstrate transferable and employability skills in
community and consumer settings. |
__ RM-3.1
|
Apply
communication skills in community and consumer issues. |
| __ RM-3.2 |
Demonstrate
leadership skills and abilities. |
| __ RM-3.3 |
Demonstrate
consumer ethics and professionalism. |
Standard 4
Students will analyze the impact of public policies, agencies, and
institutions on the family.
|
__ RM-4.1
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Arrange
a plan to select and develop skills in community activities. |
| __ RM-4.2 |
Determine skills that provide services to the
community. |
| __ RM-4.3 |
Examine
community resources and systems of formal and informal support
available. |
Standard 5
Students
will demonstrate management of resources including food, clothing,
shelter, and transportation.
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__ RM-5.1
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Examine
how resources are used to satisfy needs and wants. |
| __ RM-5.2 |
Analyze
decisions about providing safe and nutritious food. |
| __ RM-5.3 |
Analyze decisions about purchasing, and maintaining
clothing. |
| __ RM-5.4 |
Identify housing and furnishing needs. |
| __ RM-5.5 |
Apply
consumer skills to acquire transportation. |
Standard 6
Students
will analyze the relationship of environment to family and consumer
resources.
|
__ RM-6.1
|
Determine
responsibility in relation to the environmental trends and issues. |
| __ RM-6.2 |
Examine
environmental trends and issues. |
| __ RM-6.3 |
Examine
behaviors that conserve, reuse, and recycle resources. |
Standard 7
Students will analyze policies that support consumer rights and
responsibilities. |
__ RM-7.1
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Examine
state and federal policies and laws providing consumer protection. |
__ RM-7.2
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Examine
skills used in seeking information related to consumer rights. |
Standard 8
Students will evaluate the impact of technology on individual and
family resources. |
__ RM-8.1
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Review
types of technology that impact family and consumer decision-making. |
__ RM-8.2
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Examine
how media and technological advances impact family and consumer
decisions. |
__ RM-8.3
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Assess
the use of technology and its impact on quality of life. |
Standard 9
Students will demonstrate management of financial resources to meet
goals.
|
__ RM-9.1
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Identify sources of income.
|
| __ RM-9.2 |
Discuss the importance of taking responsibility for
personal financial decisions. |
| __ RM-9.3 |
Describe
how insurance and other risk-management strategies protect against
financial loss.
|
| __ RM-9.4 |
Design
a basic spending and savings plan.
|
| __ RM-9.5 |
Apply
money management tools available from financial institutions (checking
and savings accounts). |
| __ RM-9.6 |
Examine
resources available from community banking and financial institutions. |
| __ RM-9.7 |
Analyze
the benefits and costs of various consumer credit options.
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| __ RM-9.8 |
Identify ways to avoid or correct credit problems.
|
| __ RM-9.9 |
Compare
the risk, return, and liquidity of savings and investments. |
TEACHER RESOURCES
Check Module by Dennis Swender, Eastern
High School
Financial Education Resources
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