Unit 1: Earning and Managing an Income Objectives:

• Identify sources and types of income
• Discuss the long-term financial benefits of getting an education
• Discuss non-college education alternatives that could improve your financial future
• Compare needs vs wants
• Discuss the importance of living within your means
• List the basic steps in a financial spending plan
• State guidelines for using a spending plan
• Summarize methods of managing personal finances

View 2019 Presentation (PDF format) – Unit 1 – Frascht

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Download Unit 1 Activities – click here

Unit 1 Test – click here

Resources:

Average Salary by Degree – 2024 update – https://smartasset.com/retirement/the-average-salary-by-education-level

Oklahoma Minimum Wage info = https://www.minimum-wage.org/oklahoma/overtime

Oklahoma  Overtime and Labor Laws – https://www.overtime-flsa.com/state-labor-laws/oklahoma-overtime-laws/

Bureau of Labor Statistics – Oklahoma Employment and Wage Estimates – https://www.bls.gov/oes/current/oes_ok.htm

Office Vibe Job vs Career – https://www.officevibe.com/blog/job-vs-career

Diffen Career vs Job – https://www.diffen.com/difference/Career_vs_Job

Unit 2: Understanding Taxes Objectives:

• Define gross and net income
• List items deducted by law from a paycheck
• List items deducted by request from a paycheck
• State the purposes of income taxes
• Discuss the consequences of failing to pay taxes

View 2019 Presentation (PDF format)  – Unit 2 – Frascht

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Unit 2 Test – click here

Resources:

Nerd Wallet – 2018-2019 Federal Tax Rates and Brackets – https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/

Quicken Loans – Federal Tax Brackets – https://www.quickenloans.com/blog/federal-income-tax-brackets

Kiplinger.com – Federal Tax Brackets – https://www.kiplinger.com/article/taxes/T056-C000-S001-what-are-the-income-tax-brackets-for-2019-vs-2018.html

Oklahoma Tax Commission –  Withholding Tables – https://www.ok.gov/tax/documents/2019WHTables.pdf

TaxBrackets.org – Oklahoma Withholding Tables – https://www.tax-brackets.org/oklahomataxtable

OKPolicy.org – State Spending – https://okpolicy.org/resources/online-budget-guide/expenditures/state-government-expenditures/state-spending-and-services/

CNBC.com – What happens if  don’t I don’t file on time – https://www.cnbc.com/2019/04/15/taxes-are-due-april-15-heres-what-happens-if-you-dont-file-on-time.html

Policy Genius – What happens if I don’t pay my taxes – https://www.policygenius.com/taxes/what-happens-if-you-dont-file-taxes/

Business Insider – What can happen if you don’t pay your taxes – https://www.businessinsider.com/what-could-happen-if-you-dont-do-your-taxes-2017-3

Unit 3: Banks and Other Financial Institutions Objectives:

• List ways to establish a relationship with the financial system
• Compare the different types of financial institutions
• List types of savings institutions
• Discuss how savings accounts work and what restrictions may be imposed
• Compare the different kinds of checking accounts

View 2019 Presentation (PDF format)  – Unit 3 – Frascht

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Unit 3 Test – click here

Resources:

TheBalance.com – Money order versus Cashier’s check – https://www.thebalance.com/money-orders-bank-checks-and-cashiers-checks-2385803

Sapling.com – Travel’s checks vs Cashier’s checks – https://www.sapling.com/8128987/travelers-checks-vs-cashiers-checks

Fairview Savings and Loan – https://www.fairviewsavings.com/

Oklahoma Educators Credit Union – https://oecu.com/

Oklahoma Central Credit Union – https://www.oklahomacentral.creditunion/

Oklahoma Banking Department – http://banking.ok.gov/

TheBalance.com – How Compound Interest Works – https://www.thebalance.com/compound-interest-4061154

TheBalance.com – How to Balance Your Checkbook – https://www.thebalance.com/how-to-balance-your-checkbook-2385975

Unit 4: Managing Financial Accounts Objectives:

• Compare the different types of checking accounts
• Explain the process of check endorsements
• Explain the importance of recording debit withdrawals and reconciling them against a financial statement
• List ways you and the bank can protect your personal information and assets when using online banking services

View 2019 Presentation (PDF format)  – Unit 4 – Frascht

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Unit 4 Test – click here

Resources:

TheBalance.com – ABA Numbers – https://www.thebalance.com/what-is-an-aba-number-and-where-can-i-find-it-315435

Bankrate.com – Best Checking Accounts of October 2019 – https://www.bankrate.com/banking/checking/rates/

TheBalance.com – The 7 Best High Interest Checking Accounts of 2019 – https://www.thebalance.com/best-high-interest-checking-accounts-4164760

TheBalance.com – See How to Endorse Checks – https://www.thebalance.com/how-to-endorse-checks-315300

Unit 5: Saving and Investing Objectives:

• Discuss the importance of an emergency fund
• Discuss the concept of paying yourself first
• Compare types of savings accounts
• Evaluate the costs and benefits of investing in stocks, bonds, and mutual funds
• Discuss the importance of balancing risk and return

View 2019 Presentation (PDF format)  – Unit 5 – Frascht

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Unit 5 Test – click here

Resources:

Nerdwallet.com – What is a Money Market Account? – https://www.nerdwallet.com/blog/banking/faq-money-market-account/

Unit 6: Retirement Objectives:

• Consider possible long-term investment needs
• Discuss the function of Social Security and its role in retirement income
• Examine how Social Security benefits are calculated
• Discuss how life stages affect the appropriate amount of risk in investments
• Describe various financial options for retirement planning

View 2019 Presentation (PDF format)  – Unit 6 – Frascht

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Unit 6 Test – click here

Resources:

SmartAsset.com – Retirement Calculator – https://smartasset.com/retirement/retirement-calculator

Horizonok.net – Social Security: By the Numbers – http://www.horizonok.net/resource-center/retirement/social-security-by-the-numbers

Horizonok.net – Individual Retirement Plans – http://www.horizonok.net/p/individual-retirement-plans

Horizonok.net – Retirement – http://www.horizonok.net/resource-center/retirement

Horizonok.net – Retirement Plan Distributions – http://www.horizonok.net/resource-center/retirement/retirement-plan-distributions

Unit 7: Borrowing Money Objectives:

• Identify ways to establish a good credit record
• Discuss the importance of reviewing credit reports
• Determine how and where to get accurate credit scores
• Formulate options for financing a vehicle
• Discuss factors that influence the vehicle you lease or purchase

View 2019 Presentation (PDF format)  – Unit 7 – Frascht

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Unit 7 Test – Click here

Resources:

IFS – The Four C’s of Credit – https://www.ifsautoloans.com/the-four-cs-of-credit/

Edmunds.com – Depreciation Infographic – https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html

Consumer Reports.org – Pros and Cons of Car Leasing – https://www.consumerreports.org/buying-a-car/pros-and-cons-of-car-leasing/

Sourcelenders.com – Understanding Debt to Income Ratios – https://www.resourcelenders.com/understanding-debt-to-income-ratios-2836-rule/

Unit 8: Credit Cards and Shopping Online Objectives:

• Compare costs and benefits of using credit cards
• Analyze differences among credit cards, and the importance of comparison shopping for a credit card
• List fees associated with credit cards
• Discuss the importance of paying off a credit card on or before the payment due date

View 2019 Presentation (PDF format)  – Unit 8 – Frascht

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Unit 8 Test – click here

Resources:

Fitssmallbusiness.com – 25 Online Shopping Statistics You Should Know – https://fitsmallbusiness.com/online-shopping-statistics/

Thebalancesmb.com – The Biggest Internet and Mobile Retail Shopping Sites – https://www.thebalancesmb.com/top-mobile-retail-shopping-sites-2891929

DigitalCommerce360.com – Percentage of Millennials Shopping Online – https://www.digitalcommerce360.com/2019/03/26/millennials-online-shopping/

Unit 9: Consumer Fraud and Identify Theft Objectives:

• Match consumer protection agencies with their descriptions
• Match consumer fraud techniques to their descriptions
• Analyze sales techniques used by sales personnel to get a consumer to make a purchase
• List options for making a consumer complaint
• List the effects of identity theft on victims

View 2019 Presentation (PDF format)  – Unit 9 – Frascht

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Download Unit 9 Test – click here

Resources:

Keeping Your Account Secure – https://www.finra.org/investors/alerts/keeping-your-account-secure-tips-protecting-your-financial-information

Fortunly.com Statistics – https://fortunly.com/statistics/identity-theft-statistics/#gref

ConsumerAffairs.com – 2019 Identity theft statistics – https://www.consumeraffairs.com/finance/identity-theft-statistics.html#

Nolo.com -Your Liability for Unauthorized Credit and Debit Card Charges https://www.nolo.com/legal-encyclopedia/unauthorized-credit-debit-card-charges-29654.html

Unit 10: Acquiring a Home Objectives:

• Compare the advantages and disadvantages of renting and owning a home
• Define terms related to financing a house
• Distinguish among types of mortgages
• Arrange in order the steps in buying a home
• State guidelines for estimating a budget for housing

View 2019 Presentation (PDF format)  – Unit 10 – Frascht

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Download Unit 10 Activities – click here

Download Unit 10 Test – click here

Resources:

Bankrate.com – Renting vs Buying a Home – https://www.bankrate.com/real-estate/renting-vs-buying-a-home/

DaveRamsey.com – Should You Rent or Buy – https://www.daveramsey.com/blog/buy-vs-rent-myths-busted

DaveRamsey.com – How to Get a Mortgage – https://www.daveramsey.com/blog/how-to-get-a-mortgage

MoneyUnder30.com – How to Get Approved for Your First Mortgage – https://www.moneyunder30.com/get-approved-for-a-mortgage

MoneyUnder30.com – How Much Cash Do You Really Need to Buy a Home – https://www.moneyunder30.com/how-much-cash-do-you-really-need-to-buy-a-home

USNews.com – Mortgage Lenders – https://loans.usnews.com/mortgage-lenders

NerdWallet.com -Mortgage Lenders for First Time Buyers –  https://www.nerdwallet.com/best/mortgages/mortgage-lenders-first-time-home-buyers

NerdWallet.com – Reverse Mortgage: What It Is, How Seniors Use It- https://www.nerdwallet.com/blog/mortgages/reverse-mortgage/

SmartAsset.com – What Are the Different Types of Homes – https://smartasset.com/mortgage/what-are-the-different-types-of-homes

Unit 11: Managing Risk Objectives:

• Investigate sources of insurance and how to get the best coverage and rates
• Identify types of insurance
• Match the types of automobile insurance to their definitions
• State consequences of not having automobile insurance

View  Presentation – Unit 11 – Frascht

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Resources:

Humana.net – HMO vs PPO – https://www.humana.com/health-and-well-being/hmo-vs-ppo

MedMutual.com – HMO vs PPO – https://www.medmutual.com/For-Individuals-and-Families/Health-Insurance-Education/Compare-Health-Insurance-Plans/HMO-vs-PPO-Insurance.aspx

Unit 12:  Gambling Objectives:

• Explain and evaluate the financial impact and consequences for gambling

View Presentation – Unit 12 – Frascht

View Unit 12 Test – click here

Resources:

Wallethub.com – Most Gambling Addicted States – https://wallethub.com/edu/states-most-addicted-to-gambling/20846/

AmericanGaming.org – American Attitudes on Casino Gaming 2019 – https://www.americangaming.org/resources/american-attitudes-on-casino-gaming-2019/

Oklahoma Lottery Benefits – https://www.lottery.ok.gov/beneficiary.asp

TulsaWorld.com – 15 Years Later – https://www.tulsaworld.com/news/local/education/years-later-wasn-t-the-lottery-supposed-to-fund-education/collection_8c2e31c1-3bf0-5ada-88f4-60439607563b.html#2

Addictions.com – 5 Alarming Gambling Statistics – https://www.addictions.com/gambling/5-alarming-gambling-addiction-statistics/

TheRecoveryVillage.com – Gambling Addiction Facts and Statistics – https://www.therecoveryvillage.com/process-addiction/compulsive-gambling/related/gambling-statistics/#gref

Unit 13:  Credit Woes Objectives:

• Discuss the consequences of not repaying loans on time
• List the credit warning signals
• Choose alternatives when debts cannot be paid
• Identify the advantages and disadvantages of credit consolidation
• Discuss the consequences of bankruptcy

View Presentation – Unit 13 – Frascht

View Unit 13 Test – click here

Resources:

LexingtonLaw.com – Average Credit Card Debt Statistics – https://www.lexingtonlaw.com/blog/credit-cards/average-credit-card-debt-statistics.html

ValuePenquin.com – Average Credit Card Debt – https://www.valuepenguin.com/average-credit-card-debt

TheBalance.com – When You Can’t Make Your Minimum Credit Card Payment – https://www.thebalance.com/cant-make-minimum-credit-card-payment-961000

Debt.org – Forbearance and Deferment – https://www.debt.org/students/forbearance-deferment/

Unit 14:  Giving Back

• Discuss the importance of charitable giving
• Identify types of charitable giving
• Discuss the impact of charitable giving

View Presentation – Unit 14 – Frascht

Unit 14 Test – click here

Resources:

Forbes.com – America’s Top Charities 2018 – https://www.forbes.com/lists/top-charities/#1455b4d25f50

Forbes.com – The 100 Largest US Charities – https://www.forbes.com/top-charities/list/#tab:rank

View Presentation – Paying for Post-Secondary Education

Unit 15 Test – click here

Resources:

NGPF – Paying for College 

NGPF – Applying for FAFSA

NGPF – Scholarships and Grants

NGPF – Student Loans

NGPF – Financial Aid Packages

NGPF – Student Loan Repayment

NGPF – FAFSA Process Flowchart