Savings, Investing, Insurance & Retirement Unit Plan- Personal Finance Edition

Want additional Personal Finance Materials? Check out our Personal Finance Semester Course, which includes this unit plan!

• Unit can be taught in the classroom or online
• Google, Windows, & Mac-friendly!
• All documents are editable to meet your classroom needs.
• Meets National Business Education Association Standards and ISTE Standards

This unit plan covers Using Credit in personal finance for grades 7-12.

Unit Objectives:

• Students will be able to analyze and research types of insurance, retirement, and tips for choosing the right plan. 
• Students will understand savings, savings accounts, and types of savings plans.
• Students will be able to have knowledge of types of investments, investment plans, costs of investments, and the stock market. 
• Through discussion and research, students will understand the time value of money and tools for retirement and insurance.
• With demonstrations and applications, students will know how to calculate simple and compound interest.

Students will be able to:

• Describe motivations for saving and the means by which they save
• Identify the opportunity costs of saving
• Differentiate between saving and investing
• Compare simple and compound interest
• Describe the advantages and disadvantages of various savings and investing plans
• Identify the risk/return trade-offs for saving and investing
• Apply criteria for choosing a savings or investment instrument (e.g., market risk, inflation risk, interest rate risk, political risk, liquidity, and minimum amount needed for investment)
• Differentiate between interest, dividends, capital gains, and rent from property
• Identify costs for investments
• Identify income sources for investments
• Examine the role of saving and investing in creating a financial plan
• Develop financial goals for the future based on one’s lifestyle expectations and career choices
• Explain how and why the stock market functions
• Apply the concept of Time Value of Money

This unit is infused with technology and real-world application and is designed to be engaging and rigorous. It is the perfect unit for any business class.

This unit plan is conducted through lectures, engaging activities, group-paced instruction, and discussion. Assignments range from a mix of daily assignments, time, projects graded on effort/attempt, unit tests, and a project graded on overall appearance and completion of given requirements.

Included:

• Unit Plan with Daily Instructions
• Savings, Investing, Insurance & Retirement Presentation
• Student Notes & Answer Key
• Savings, Investing, Insurance & Retirement Scavenger Hunt 3-Part Activity & Answer Key
• Life-Long Learner 2-Part Activity
• Investing Game Reflection Activity
• Informative Reel Project & Rubric
• Quizlet Review
• Test & Answer Key

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