Development should include
- establishing SMART goals
- examining spending plans for a variety of individuals and families with different incomes and obligations
- evaluating a variety of investment opportunities.
Process/Skill Questions:
Thinking
- What are SMART goals?
- What are your long-term financial goals? What skills and strategies can you develop now that will help you achieve these long-term goals?
- Why is it important to be knowledgeable about financial management? What might be the consequences of a failure to understand the concepts of financial management?
Communication
- What advances in technology are helping with financial management?
- How can you use communication skills to learn about services offered by financial institutions (e.g., banks, credit unions)?
- How can you use communication skills to learn about investment opportunities?
Leadership
- What can establishing and following good spending plan techniques allow you to do?
- Why is it important to be disciplined when following a spending plan?
- How can you influence others to respect your spending plan?
Management
- How much money, as a percentage of income, should you try to save each month?
- What are the benefits of preventing impulse buying/spending?
- Where should you save money?
Teacher Resources: