These are the current categories we have in terms of financial topics. We are still working to think about the best way to use these WITH mathematical topics and standards to make things easiest and most useful for teachers. Please let us know if you think any topics are missing and/or if you have any thoughts on how to organize material so it is most useful for teachers.
A. Spending i. consumer math ii. purchasing options: saving vs. credit card
B. Earning i. allowance/chores? ii. salary vs. hourly work a. paychecks iii. entrepreneurial iv. deductions: income taxes, benefits, retirement, pre-tax accounts, more...
C. Saving i. Money growth, compounding, simple interest in checking, Christmas clubs/vacation clubs ii. liquidity iii. investing a. brokerage fees b. retirement, 401k/403b/individual ret. accts. (How dividends are calculated) c. Instruments: cds, bonds, savings accounts iv. risk models v. equity
D. Giving i. personal giving a. making the most of your gifts (ratings, % towards overhead, other factors) b. planned giving ii. corporate/foundation philanthropy
E. Owing i. pay day lenders/checking account/fees ii. credita a. credit cards (fee structures, penalties) b. APR iv. debt (rules/penalties for paying off a loan; better to save more or pay off loan?) a. mortgages, car loans b. student loans c. amortization
F. Budgeting i. What I do with my money: store it, save it: reinvest or not ii. liquidity
G. Protecting i. losses/insurance (life insurance vs. health insurance) ii. investment vs protection (life ins) iii. risk models