Real Life Financial Mathematics Syllabus

Unit 1Back to the Future – 1 week
Course orientation and expectations – appropriate communication with coworkers through verbal, nonverbal, or digital means, team building, and critical thinking.  Course one-year projects – creating a stock portfolio, community change project, homework chart, vision essay and 10-year action plan. Quiz

Unit 2Career Discovery – 1 week
Research and align interests and skills with potential careers and postsecondary education to assure a life strategy that will produce employment the student enjoys with a desired standard of living; Understand standards of living in the United States, including poverty, minimum wage, living wage, and desired standard of living. Quiz

Unit 3Selection of Postsecondary Education – 1 week
Understand educational, military, and current job opportunities; After graduation, will student require a 2, 4, 5, 6, or 7-year program? Aligned careers with interests; Identify value of students taking Advanced Placement and dual credit classes. Quiz

Unit 4Funding Postsecondary Education – 2 weeks
Calculate the total funding required to complete a desired postsecondary education; Identify resources for funding education – personal savings, employment, FAFSA, TAFSA, Expected Family Contribution, Pell Grants, work-study programs, student loans, Individual Development Accounts, scholarships and internships; Graph and compare compensations of potential careers and the cost of postsecondary education; Calculate the return on investment from completing a desired postsecondary education program. Quiz

A. Review all Concepts, Update Action Plan and End of Cycle Test – 1 week


Unit 5Wages and Total Compensation – 2 weeks
The reasons for federal income taxation, social security and medicare; Identify sources of income – wages, salaries, interest, rent, dividends, and capital gains; Compare common employee benefits; Calculate gross, net pay, and taxable income, and payroll deductions; Contrast independent contractor and employee earnings, taxes, tax forms and required benefits; Calculate minimum wage, overtime, income from tips, exempt and non-exempt status; Calculate the impact of paying with after-tax dollars versus pre-tax dollars; Analyze total compensation for employee and self-employed and explain how compensation is more than what is reflected in a paycheck; Analyze how economic conditions can affect income and career opportunities and the need for lifelong training and education. Quiz

Unit 6Income Taxes – 3 weeks
What Income is taxable? Calculate federal income taxes, gross, and net, using filing status, personal exemption, standard deduction, itemized deductions and completing 1040EZ and 1040; Calculate tax on capital gains and interest; Compare marginal tax rates to effective income tax rates and the misuse of these terms in advertising; Describe the relationship between education tax credit, student loan interest, dependency, filing status, and income tax liability; Calculate tax treatment penalty for early withdrawal; Research and locate options for tax return preparation such as software programs and tax preparation providers. Quiz

B. Review all Concepts, Update Action Plan and End of Cycle Test – 1 week


Unit 7 –  Banking & Saving – 1 week
Understand forms of financial exchange – cash, checks, credit cards, debit cards, electronic funds transfers, bitcoin, barter; Understanding the types of accounts and instruments – savings, checking, certificates of deposits, money market; Analyze a bank statement for accuracy; Compare financial services offered in the community; FDIC insurance. Quiz

Unit 8Wants and Needs – 1 week
Borrowing to satisfy desires – Loans, interest, amortization; Identify the sources of funds to fund desires – savings, earnings, or debt to be used to purchase consumable and durable goods; Determine the advantages and disadvantages of credit cards – cash back rewards, balance transfer, foreign currency, interest rates charged, late payment fees, credit score, and bonus incentives; Analyze the cost of borrowing using a bank loan, a credit union loan, a student loan,  an easy-access loan such as a pay-day loan and an auto title loan; Analyze the risks for each type of loan; Evaluate the process for a bank loan or a credit union loan and make and interpret scatterplots for loan balances. Quiz

Unit 9Getting Around Town – 2 weeks
Public transportation and vehicle purchases – new or pre-owned, on line or dealer; Costs of vehicle ownership – gas, oil, Parking, Amortization, Negotiating; Create an amortization table varying the down payment, period of loan, special principal payment, and interest rates for a vehicle loan; costs associated with buying, owning and leasing a vehicle, including insurance, maintenance, repairs, and fuel; maintenance contracts and vehicle warranties. Quiz

Unit 10Housing after High School Graduation – 1 week
Compare options – live at home, renting an apartment, home or dorm and other options; Selecting an apartment or dorm; Understanding leases and deposits; Having roommates. Quiz

C. Review all Concepts, Update Action Plan and End of Fall Semester Exam – 1 week


Unit 11 Magic of Compound Interest – 1 week
Calculate the time value of money, related to simple and compound interest; Preparing a Financial Statement; Understanding identity theft and credit reports; Analyze compound interest situations and use the rule of 72. Quiz

Unit 12Cash Flow and Budgets– 1 week
Understand the difference between cash flow (reality) and budget (plan); Create a comprehensive balanced personal budget, including fixed and variable expenses; Saving for college, emergencies and retirement. Quiz

Unit 13 Homeownership – An American Dream– 1 week
Identify cost, benefits and drawbacks of homeownership and renting, including mortgage-related income tax deductions; Understand the consequences to individuals of falling home prices such as during the mortgage crisis of 2007-2008 and identify how the financial and personal impact could have been reduced; Compare options for saving for a down payment on a home; Creating an amortization table and testing the variables; Negotiating a home price; Costs associated with home ownership – property taxes; mortgage insurance;, closing costs, maintenance, repairs, utilities, association fees, furniture, appliances and warranties; Using the multiple listing services to identify and compare housing properties. Quiz

Unit 14Insurance – What Can You Afford to Lose? – 2 weeks
Understanding types of property insurance – auto, renters, homeowner, flood and earthquake insurances; How much coverage do I need and review of internal limits in contract; Life insurance – term and permanent, premiums, dividends, accumulation of cash value, tax treatment of death benefits, and protection from creditors; Health insurance – cost of healthcare and coverage, premiums, co-payments, deductibles and out-of-pocket expenses; Disability insurance – cost of disabilities and coverage, Special Coverage – cancer, pet, burial – need and cost; Understanding actuarial considerations; Research various options for a driver’s education course and the impact of a moving violation on insurance rates; Demonstrate an understanding of insurance company and agent selection and professional designations within the insurance profession. Quiz

D. Review all Concepts, Update Action Plan and End of Cycle Test – 1 week


Unit 15Investments – Growing Wealth – 2 weeks
Buying and selling stocks, mutual funds, ETFs, real estate and analyzing stock dividend yield, price-earnings ratio, return on investment, earnings per share, and net asset value;  Using fundamental & technical analysis; Compare the risk and return for a diversified and non-diversified investment portfolio in a student-created portfolio. Quiz

Unit 16 – Financial Security, Financial Independence & Retirement – 2 weeks
Goals, calculations, investment portfolios, pensions; Determine the appropriate savings needed to maintain home & car payments in the event of a financial emergency; Compare tax advantage retirement plans, including Individual Retirement Accounts (IRAs), Roth IRAs, 401(k) plans, and 403(b) plans, and determine an appropriate investment for retirement; Calculate and graph the exponential function showing the benefits of starting early to invest with continuous contributions. Quiz

Unit 17 – Estate Planning & Gifts – 1 week
The student demonstrates an understanding of wills and trusts for the distribution of assets at death. The student is expected to identify how wills, trusts, durable powers of attorney, living will, beneficiary arrangements support the distribution of assets after death; Analyze gift and estate taxes and sources for taxes and planning. Quiz

E. Review all Concepts, Update Action Plan and End of Cycle Test – 1 week


Unit 18Charitable Giving – Time, Talent, Treasure, Touch– 1 week
The student is expected to demonstrate an understanding of the value and benefits of charitable giving; The business of a non-profit, reading financial statements, mission, time, talent, treasure. Quiz

Unit 19 – Interviewing & Resume – 1 week
Looking for a Job; Six-step Interview process, What’s in a handshake; Writing a resume; First impressions. Quiz

Unit 20 – Job Descriptions – 1 week
Customer Service, Ethical Behavior, Compensation, Expectations – appropriate communication with customers, employers, and coworkers through verbal, nonverbal, or digital means. Quiz

Unit 21 – Mini-Game – 3 weeks
Age from 19 to 26, work, pay bills, file tax returns, complete financial statements, buy home, cars, insurance, pay for college. Quiz

F. Review all Concepts, Update Action Plan and end of course FINAL EXAM and Post-Assessment Test – 1 week (7 weeks total)