Development should include
- establishing SMART goals
- examining budgets for a variety of individuals and families with different incomes and obligations
- evaluating a variety of investment opportunities.
Teacher Resources:
Process/Skill Questions:
Thinking
- What are SMART goals?
- What are your long-term financial goals? What skills and strategies 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 one use communication skills to learn about services offered by financial institutions (e.g., banks, credit unions)?
- How can one use communication skills to learn about investment opportunities?
Leadership
- What can establishing and following budgeting techniques allow one to do?
- Why is it important to be disciplined when following a budget?
- How can one influence others to respect one’s budget?
Management
- How much money, as a percentage of income, should one try to save each month?
- What are the benefits of preventing impulse buying and/or spending?
- Where should one save money?