74858751Financial Literacy
Course Information
Description
ABE Financial Literacy provides students with essential information about banking, credit, budgeting, financial planning and consumer skills.
Total Credits
1
Course Competencies
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Differentiate between different types of financial institutions and financial productsAssessment StrategiesQuizCriteriayou identify the major types of insured financial institutions.you identify reasons to use a bank.you describe the steps involved in opening and maintaining a bank account.you describe two types of deposit accounts.you identify additional bank services that come with deposit accounts.you describe the main functions of the bank customer service representative, teller, loan officer, and branch manager.
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Explore career options and how pay and taxes are relatedAssessment StrategiesQuizCriteriayou evaluate career and networking opportunities.you identify the value of entrepreneurship, freelancing, and self-employed careers.you develop a job search plan.you identify where to find career resources.you describe factors that affect take-home pay.
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Explore identity theft and prevention strategies for protecting personal informationAssessment StrategiesQuizCriteriayou define identity theft.you identify strategies to protect your personal information.
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Demonstrate the functions and purpose of a checking accountAssessment StrategiesQuizCriteriayou state the benefits of using a checking account.you determine which type of checking account is best for you.you identify the steps involved in opening a checking account onlineyou describe how to deposit money to and withdraw money from a checking account.you outline the steps to reconcile a register with a bank account
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Prepare a personal spending plan that identifies ways to decrease spending and increase incomeAssessment StrategiesQuiz, written productCriteriayou track daily spending habitsplan includes estimate of monthly income and expensesyou identify ways to decrease spending and increase incomeapply an online tool that tracks income and expensesplan includes the cost of college and ending of college expenses, if applicable
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Identify savings options to use to save toward financial goalsAssessment StrategiesQuizCriteriayou can explain why it is important to save.you identify savings goals.you identify savings options.you determine which savings options will help you reach your savings goals.you research and evaluate investment vehicles and resourcesyou explain how investments are regulatedyou explain how investments can be affected by economic and business cycles
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Determine what forms of credit most appropriately suit your needsAssessment StrategiesQuizCriteriayou define the term credit.you explain why credit is important.you identify types of loans.you identify the costs associated with getting a loan.you know how you are protected against discrimination in the leading process.you identify the factors lenders use to make loan decisions.you describe why it is important to be wary of rent-to-own, payday lending, and refund anticipation services.
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Explore credit cards and how to use them responsiblyAssessment StrategiesQuizCriteriayou describe the purpose of credit cards.you determine which credit card is best for you, or if a credit card is a good option for you.you identify the factors credit card companies look for when making credit decisions.you describe how to use a credit card responsibly.you identify the steps to take when a credit card is lost or stolen.
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Describe the characteristics of consumer installment loansAssessment StrategiesQuizCriteriayou differentiate between secured and unsecured installment loans.you identify the factors lenders use to make loan decisions.you identify the questions to ask when purchasing a car.you describe various types of college loan programs.
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Determine information needed to make informed choices about housingAssessment StrategiesQuizCriteriayou identify initial and continuing costs of renting an apartment.you list questions to ask when determining if you are ready to buy a home.you list the costs associated with renting and owning.you describe the benefits and pitfalls of renting versus owning a home.you identify how you can guard against predatory lending practices.