II Management of Financial Resources

TEA Units of Study: TEKS "Knowledge and skills" subsections covered:

A. Economic activities of consumers

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (B) compare types of loans available to consumers and distinguish criteria for becoming a low-risk borrower

B. Consumer credit

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (C) connect mathematics to the understanding of interest, including avoiding and eliminating credit card debt

C. Credit problems

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (I) investigate bankruptcy laws, including ways to avoid bankruptcy

D. Lifetime financial planning

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (A) evaluate the need for personal and family financial planning, including budgeting, expense records, and maintaining economic self-sufficiency

E. Savings plans

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning

F. Financial institutions

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (G) compare types of bank accounts available to consumers and the benefits of maintaining a bank account

G. Using resources of financial institutions

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (H) demonstrate the ability to balance a check book

H. Investment principles and options

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (E) explore how to be a prudent investor in the stock market and other investment options

I. Insurance

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (J) apply management principles to decisions about insurance for individuals and families

J. Evaluating legal documents

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (K) evaluate personal and legal documents related to managing individual and family finances such as birth certificates, medical records, social security cards, financial records, and property records

K. Analyzing Data

  • (2) The student demonstrates management of financial resources to meet the goals of individuals and families across the life span.
    • (L) demonstrate the ability to use calculators, spreadsheets, computers, and software in data analysis relating to finance

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