Unit 5: Personal Finance

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5.1 The Promise and Peril of Compound Interest

Through real-world examples, data tools, and financial scenarios, students examine how compound interest can work both for and against individuals, and gain a foundational concept they will revisit throughout the personal finance unit.

Investing Like an Economist

5.2 Investing Like an Economist

Students explore foundational investing advice grounded in economic research through a choose-your-own-adventure-style activity.

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5.3 Thinking About Credit Like an Economist

Students explore the costs and benefits of using credit (specifically credit cards and student loans) through video clips, readings, and discussions of real-world credit scenarios.

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5.4 Why Credit Scores Matter for Your Future

By moving through a board game that mirrors real-world credit decisions, students discover how their actions can affect their credit score. In the latter half of the lesson students take a quiz to reinforce the personal finance concepts introduced thus far.

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5.5 Making Informed Career Decisions

Through accessing real-world sources, like the BLS’ Occupational Outlook Handbook, students research the costs and benefits associated with an occupation of interest for them.

5.6 Decoding Paycheck Deductions

Students analyze earnings statements to explain why workers with the same salary can have different amounts of take-home pay. Through guided investigation, students learn how taxes, benefits, and individual choices affect net pay and consider how planning influences financial decisions over time.

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5.7 Assessment Preview

Students are introduced and begin preparing for the end-of-unit assessment, Planning for Future You, which will be completed in Lesson 5.12.

5.8 An Introduction to Budgeting

In this lesson, students are introduced to what a budget is and are challenged to create a balanced budget that reflects their priorities in a stations-based activity.

5.9 A Closer Look at Budgeting

Students learn about budgeting methods and then apply their knowledge to realistic scenarios, strengthening their ability to offer practical, evidence-based financial advice.

5.10 Thinking About Insurance Like an Economist

Through a vocabulary exercise and a choice-based reading, students learn how renters or car insurance works and how insurers evaluate risk and set premiums. Learners then apply the principles of economic thinking to realistic insurance decisions.

5.11 How to Be a Savvy Consumer of Financial Information

Students work through a digital “Boot Camp” to spot the warning signs of questionable financial messaging. Through real-world examples, they identify common persuasive tactics and build habits for responding thoughtfully using credible sources.

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5.12 Planning for Future You

Grounded in real-life relevance, this summative assessment invites learners to apply economic principles by setting a meaningful long-term financial goal and crafting personalized, practical advice to help achieve it.

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5.13 Semester Post-Assessment

A no-stakes test of economic literacy is repeated at the end of the semester to determine growth.

Unit 5: Personal Finance