Unit Plan: Financial Planning

Personal Finance
Financial Planning

Standards
2.6.1Evaluate the need for personal and family financial planning.
2.6.2Apply financial management principles to individual and family financial practices.
2.6.3Apply management principles to decisions about insurance for individuals and families.
2.7.1Demonstrate management of individual and family finances by applying reliable information and systematic decision making.
2.7.3Manage money effectively by developing financial goals and budgets.
2.7.5Analyze the features of insurance, its role in balancing risk and benefits in financial planning.
2.7.6Analyze saving and investing to build long-term financial security and wealth.

Overview
-investment as a way to build wealth
-diversification and risk
-different type of investment types (pre-tax and after-tax)
-employer benefits and retirement plans
-insurance as a way to protect wealth
-types of coverage and the importance of them, and ones to avoid

Resources
- Chapters 8-9 Foundations in Personal Finance
High School Edition by Dave Ramsey
ISBN 978-1-936-94814-7
-Exercises: 54,55,56, 59, 60,62, 63 The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
Kindle Edition by Dave Ramsey
ISBN-10: 1491522984; ISBN-13: 978-1491522981
- Guest Speaker: Megan Jantz (my previous boss who is a financial planner and life insurance producer)
-Article and video on types of Investment Accounts https://www.investopedia.com/articles/basics/11/3-s-simple-investing.asp
-Activity on tracking stocks https://www.econedlink.org/resources/tracking-a-stock/
- The Stock Market game https://www.personalfinancelab.com/stock-game/
-Article and video on retirement plans and benefits https://www.investopedia.com/terms/p/pensionplan.asp
-Investing and Retirement Planning Calculator https://www.foundationsu.com/high-school/tools