National data — wages and growth are not published by state for this view.
Course · AL
Personal Finance
Career and Technical Education, Alabama State Department of Education (ALSDE)
Median earnings
—
Cost
—
Duration
—
Completion
—
Personal Finance is a foundational course that introduces students to the principles of financial literacy for achieving personal goals. This course is designed to inform students about how the choices they make directly influence their occupational goals, future earning potential, and long-term financial well-being.
Describe the nature and scope of personal financeDescribe personal spending behavior that contributes to building wealthExplain how goals, decision-making, and planning affect personal financial choices and behaviorsExplain how certifications may expand employment opportunities and positively impact earningsGather information from several sources when planning to purchase a productOutline the purposes and features of consumer protection laws, agencies, and sources of assistanceLocate and share credible sources of up-to-date information about consumer rights and responsibilitiesOutline steps to resolve identity theft problems as recommended by the Federal Trade CommissionDescribe factors that impact consumer purchasing decisions throughout the lifespanApply a decision-making model to maximize consumer satisfaction when buying goods and servicesDemonstrate how to use comparison shopping skills to make purchasing decisions, including major purchasesIdentify factors that affect the total cost of goods and services, including sales tax, tips, coupons, discountsExplain the ways in which individuals are responsible for their financesDemonstrate how to set financial goals and analyze the costs and benefits of spending decisionsDescribe strategies for managing income to align with financial goalsPrepare a monthly budget for an individual or a family given their income, savings goals, taxes, and list of fixedGather and share information on income, benefits, and deductionsDemonstrate procedures for completing and filing income tax forms, utilizing tax terminologyResearch and share information on credit options available to consumersResearch and report on factors that affect creditworthiness and credit scoresApply strategies to avoid or correct debt management problemsResearch and report on the benefits of savingsCompare certificates of deposit, money markets, and savings accounts and identify the benefits and disadvantages of eachIdentify types of investments appropriate for different objectivesEvaluate types of investments to determine how they meet the objectives of a personal financial planIdentify warning signs of investment fraud and steps that can be taken if victimized by investment fraudDescribe how insurance protects against loss and mitigates financial consequencesCompare and contrast types of property insurance and identify situations when certain types of coverage are neededExplain the role of the Federal Deposit Insurance Corporation (FDIC)Explain how state and federal agencies charged with regulating financial institutions protect the safety, soundness