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JA Personal Finance

By Teresa Bailey,2014-08-08 02:26
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JA Personal Finance

    A Correlation Between

    Illinois Learning Standards

    and

    JA Personal Finance

     July 2007

     JA Worldwide?

     One Education Way

     Colorado Springs, CO 80906

    Overview

In this document, Junior Achievement's JA Personal Finance program is correlated to the Illinois

    Learning Standards for social science, English language arts, and mathematics, as well as to the Illinois Workplace Skills and Career Development Competencies.

    Although mainly designed for the social studies, Junior Achievement programs provide many opportunities to develop cross-disciplinary knowledge and skills. This list is not meant to be exhaustive or intended to infer that a resource will completely address any given standard, but is designed to show how it will enhance or complement efforts to do so.

    JA Personal Finance is a web-based program that teaches students how to make informed decisions to reach personal financial goals. It targets five major themes: income, money management, spending and credit, savings and investing, and risk management.

    i

    JA Personal Finance

    English Workplace Social Description Key Learning Objectives Language Mathematics Skills/Career Science Arts Development

    Objectives: The students will: 1.B.4a, c (WS) Activity One: Make the

    -identify personal choices they can 1.B.5a, d A.1, 2 Right Choice

    Students learn how make to influence their level of 1.C.4a, c, d B.1, 2, 3, 7 individual choices influence education and skill development 1.C.5a, d D.1, 4, 5, 6 occupation selection, -illustrate how individual choices 3.B.4a F.6 earnings potential, education can influence their careers and 3.B.5 H.1, 2, 3, 4, 5, and skill development. earnings potential 3.C.4b 6, 7, 8

    3.C.5a J.3, 4

    4.A.4a, b K.1, 2

    4.A.5b M.3, 4, 5

    4.B.4b

    4.B.5b (CD)

    5.B.5a 1, 2, 4, 5, 6,

    5.C.4a, b 7, 8, 9, 10,

    5.C.5a 11, 12

    Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Two: Where's the

    -explain that taxes are mandatory 1.B.5a, d D.1, 4, 5, 6 Rest of My Paycheck?

    Students learn how taxes payments to governments 1.C.4a, c, d H.1, 2, 3, 4, 5, affect individuals. -identify payroll taxes that 1.C.5a, d 6, 7, 8

     individuals pay 3.B.4a J.3

    3.B.5 K.1, 2

    3.C.4b M.3, 4, 5

    3.C.5a

    4.A.4a, b (CD)

    4.A.5b 2, 7

    4.B.4b

    4.B.5b

    5.C.4a, b

    5.C.5a

    Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Three: Jobs-Jobs-

    -identify national trends in 1.B.5a, d 10.A.4c B.1, 6, 7 Jobs

    Students learn about national employment 1.C.4a, c, d, f D.1, 4, 5, 6 trends in employment. -utilize information about national 1.C.5a, c, d F.6

     trends to form future educational 3.B.4a H.1, 2, 3, 4, 5,

     and employment plans 3.C.5a 6, 7, 8

    4.A.4a, b J.3, 4

    4.A.5b K.1, 2

    4.B.4b M.3, 4, 5

    4.B.5b

    5.B.5a (CD)

    5.C.4b 1, 2, 4, 6, 7,

     8, 9, 10, 12

    2

    English Workplace Social Description Key Learning Objectives Language Mathematics Skills/Career Science Arts Development

    Objectives: The students will: 15.C.4b 1.B.4a, c 6.B.4 (WS) Activity Four: Mind Your

    -describe the characteristics that 1.B.5a, d 6.D.4 A.1, 2, 5 Own Business

    Students learn about help make entrepreneurs successful 1.C.4a, b, c, d D.1, 4, 5, 6 entrepreneurial -analyze the options available to 1.C.5a, b, c, d E.1, 3, 4, 5 characteristics. fund a startup company 3.B.4a F.6

    3.B.5 H.1, 2, 3, 4, 5,

    3.C.4a 6, 7, 8

    3.C.5a, b J.3

    4.A.4a, b K.1, 2

    4.A.5b M.3, 4, 5

    4.B.4b

    4.B.5b (CD)

    5.A.4a, b 1, 2, 5, 6, 7,

    5.A.5a, b 8, 9, 10, 11,

    5.B.5a 12

    5.C.4a, b

    5.C.5a

    Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Five: How Will I

    -identify post-secondary education 1.B.5a, d 6.D.4 D.1, 4, 5, 6 Pay For My Education?

    Students learn about financing options 1.C.4a, c, d 6.D.5 H.1, 2, 3, 4, 5,

    financing post-secondary -explain the savings plans, loan 1.C.5a, d 7.A.4b 6, 7, 8 education. options, and other forms of financial 3.B.4a 7.C.5b J.2, 3, 4

     aid that are available for them 3.B.5 K.1, 2

    -create a personal plan to fund their 3.C.4b M.3, 4, 5

    post-secondary education 3.C.5a

    4.A.4a, b (CD)

    4.A.5b 1, 2, 4, 7, 9,

    4.B.4b 12

    4.B.5b

    5.A.4a

    5.A.5a

    5.B.4a

    5.B.5a

    5.C.4a, b

    5.C.5a

    Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Six: Are You a

    -differentiate between a need and a 1.B.5a, d D.1, 4, 5, 6 Smart Consumer?

    Students learn how to be want 1.C.4a, c, d H.1, 2, 3, 4, 5,

    smart consumers. -identify the components of smart 1.C.5a, d 6, 7, 8

    consumerism 3.B.4a J.2, 3, 4

    -analyze the advantages and 3.C.5a K.1, 2

    disadvantages of making purchases 4.A.4a, b M.3, 4, 5

    over the internet 4.A.5b

    4.B.4b (CD)

    4.B.5b 1, 2, 7, 9

    5.B.4a

    5.B.5a

    5.C.4b

    3

    English Workplace Social Description Key Learning Objectives Language Mathematics Skills/Career Science Arts Development

     1.B.4a, c 6.B.4 (WS) Activity Seven: The Home Objectives: The students will: 1.B.5a, d 6.D.4 D.1, 4, 5, 6 Game -explore the option of buying a Students learn about 1.C.4a, c, d 6.D.5 H.1, 2, 3, 4, 5, home. mortgages. 1.C.5a, d 7.A.4b 6, 7, 8 -explain why there are differences 3.B.4a 7.C.5b J.2, 3, 4 between 15-year and 30-year 3.C.5a K.1, 2 mortgages 4.A.4a, b M.3, 4, 5 -analyze interest rates, types of 4.A.5b mortgages, locations, and 4.B.4b (CD) hypothetical salaries to determine 4.B.5b 1, 2, 7, 9 the feasibility of home ownership 5.B.4a 5.B.5a

    5.C.4b

    Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Eight: Making

    -use cost-benefit analysis to choose 1.B.5a, d 6.D.4 D.1, 4, 5, 6 Ends Meet

    Students learn about among spending alternatives such as 1.C.4a, c, d 7.A.4b H.1, 2, 3, 4, 5,

    personal financial housing, transportation, and 1.C.5a, d 7.C.5b 6, 7, 8 responsibility and cost-consumer goods 3.B.4a J.2, 3, 4 benefit analysis. 3.B.5 K.1, 2

    3.C.4b M.3, 4, 5

    3.C.5a

    4.A.4a, b (CD)

    4.A.5b 1, 2, 7, 9

    4.B.4b

    4.B.5b

    5.A.4a

    5.A.5a

    5.B.4a

    5.B.5a

    5.C.4b

    5.C.5a

    Objectives: The students will: 15.B.4a 1.B.4a, c 6.B.4 (WS) Activity Nine: The Power

    -compare the advantages and 1.B.5a, d 6.D.4 D.1, 4, 5, 6 of Credit

    Students learn about credit. disadvantages of credit 1.C.4a, c, d 6.D.5 H.1, 2, 3, 4, 5,

     -explore the rights and 1.C.5a, d 7.A.4b 6, 7, 8

     responsibilities of a credit user 3.B.4a 7.C.5b J.2, 3, 4

     -compare rates to determine the 3.C.5a K.1, 2

     credit card that suits their needs 4.A.4a, b M.3, 4, 5

    4.A.5b

    4.B.4b (CD)

    4.B.5b 1, 2, 7, 9

    5.B.4a

    5.B.5a

    5.C.4b

    4

    English Workplace Social Description Key Learning Objectives Language Mathematics Skills/Career Science Arts Development

    Objectives: The students will: 15.B.4a 1.B.4a, c 6.B.4 (WS) Activity Ten: In Over Your

    -explain how payment performance 1.B.5a, d 6.D.4 D.1, 4, 5, 6 Head

    Students learn about credit determines credit history 1.C.4a, c, d 6.D.5 H.1, 2, 3, 4, 5,

    reports, the importance of -explain why credit records are 1.C.5a, d 7.A.4b 6, 7, 8 credit history, and the maintained and accessed 3.B.4a 7.C.5b J.2, 3, 4 options available to correct -identify and analyze the pros and 3.B.5 K.1, 2 credit problems. cons of specific actions that can be 3.C.4b M.3, 4, 5

     taken in case of credit over-3.C.5a

    extension or other financial 4.A.4a, b (CD)

    difficulties 4.A.5b 1, 2, 7, 9

    4.B.4b

    4.B.5b

    5.A.4a, b

    5.A.5a, b

    5.B.4a

    5.B.5a

    5.C.4b

    5.C.5a

     1.B.4a, c 6.B.4 (WS) Activity Eleven: Saving for Objectives: The students will: 1.B.5a, d 6.D.4 D.1, 4, 5, 6 Your Future -explain the difference between Students learn about a 1.C.4a, c, d 6.D.5 E.1 saving and investing variety of investment 1.C.5a, d 7.A.4b H.1, 2, 3, 4, 5, -explore investment options options. 3.B.4a 7.C.5b 6, 7, 8 3.C.5a J.2, 3, 4

    4.A.4a, b K.1, 2

    4.A.5b M.3, 4, 5

    4.B.4b

    4.B.5b (CD)

    5.B.4a 1, 2, 7, 9

    5.B.5a

    5.C.4b

    5.C.5a

    Objectives: The students will: 15.A.4c 1.B.4a, c 6.D.4 (WS) Activity Twelve: The Case

    -define inflation 15.A.5d 1.B.5a, d 6.D.5 D.1, 4, 5, 6 of the Shrinking Dollar

    Students learn about -analyze selected items from the 15.B.4b 1.C.4a, c, d, f 7.A.4b H.1, 2, 3, 4, 5,

    inflation. Consumer Price Index and track 15.B.5b 1.C.5a, d, f 7.C.5b 6, 7, 8

     price changes from 1980 to the 3.B.4a 10.A.4c J.2, 3, 4

    present 3.C.5a K.1, 2

    -explain the effect of inflation on 4.A.4a, b M.3, 4, 5

    personal savings 4.A.5b

    4.B.4b (CD)

    4.B.5b 1, 2, 7, 9

    5.A.4a

    5.A.5a

    5.B.4a

    5.B.5a

    5.C.4b

    5

    English Workplace Social Description Key Learning Objectives Language Mathematics Skills/Career Science Arts Development

     15.E.4a 1.B.4a, c 7.C.5b (WS) Activity Thirteen: The Fed Objectives: The students will: 15.E.5b 1.B.5a, d 10.A.4c D.1, 4, 5, 6 Is Watching -define the Federal Reserve System Students learn about 1.C.4a, c, d H.1, 2, 3, 4, 5, -explain the role of the Federal monetary policy. 1.C.5a, d 6, 7, 8 Reserve in the United States 3.B.4a J.2, 3, 4 economy 3.B.5 K.1, 2 -analyze how changes in interest 3.C.4b M.3, 4, 5 rates affect economic conditions 3.C.5a -review targeted economic 4.A.4a, b (CD) indicators and determine if short-4.A.5b 1, 2, 7, 9 term interest rates should be 4.B.4b changed 4.B.5b 5.B.5a

    5.C.4b

    5.C.5a

Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Fourteen: Protect

    -explain the costs and benefits of 1.B.5a, d D.1, 4, 5, 6 Yourself

    Students learn about insurance 1.C.4a, c, d H.1, 2, 3, 4, 5,

    automobile insurance. -analyze the costs and benefits of 1.C.5a, d 6, 7, 8 automobile insurance 3.B.4a J.2, 3, 4

    3.C.5a K.1, 2

    4.A.4a, b M.3, 4, 5

    4.A.5b

    4.B.4b (CD)

    4.B.5b 1, 2, 7, 9

    5.B.5a

    5.C.4b

    5.C.5a

Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Fifteen: Risky

    -explain the importance of a risk 1.B.5a, d D.1, 4, 5, 6 Business

    Students learn about risk management plan 1.C.4a, c, d H.1, 2, 3, 4, 5,

    management. -create a risk management plan that 1.C.5a, d 6, 7, 8 includes life, health, income 3.B.4a J.2, 3, 4

    protection, and disability insurance 3.C.5a K.1, 2

    4.A.4a, b M.3, 4, 5

    4.A.5b

    4.B.4b (CD)

    4.B.5b 1, 2, 7, 9

    5.B.5a

    5.C.4b

    6

    English Workplace Social Description Key Learning Objectives Language Mathematics Skills/Career Science Arts Development

    Objectives: The students will: 1.B.4a, c 6.B.4 (WS) Activity Sixteen: The

    -explain the importance of long-1.B.5a, d 6.D.4 D.1, 4, 5, 6 Future is Now

    Students learn about long-term financial planning 1.C.4a, c, d 6.D.5 H.1, 2, 3, 4, 5,

    term financial planning and -determine which financial 1.C.5a, d 7.A.4b 6, 7, 8 retirement. resources are necessary for 3.B.4a 7.C.5b J.2, 3, 4

     retirement 3.B.5 K.1, 2

    -create a long-term saving plan that 3.C.4b M.3, 4, 5

    reflects their long-term goals for 3.C.5a

    their quality of life 4.A.4a, b (CD)

    4.A.5b 1, 2, 7, 9

    4.B.4b

    4.B.5b

    5.A.4a

    5.A.5a

    5.B.4a

    5.B.5a

    5.C.4a, b

    5.C.5a

    7

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