Financial Literacy: Prepare for Life Beyond High School

 After completing this assignment, students will be able to: 
•	Evaluate the tradeoffs of decisions pertaining to career and income 
•	Identify and deconstruct components of compensation 

There are many ways to contribute to society and earn an income doing so. When charting a path, it is important to understand the opportunity cost and tradeoffs of different choices. The lessons in this session should help inform decisions pertaining to income. 

 After completing this assignment, students will be able to: 
•	Design a personalized method of tracking and projecting spending 
•	Analyze a credit card statement 
•	Understand compound interest
•	Analyze the impact of borrowing on financial health 

Spending tends to just happen, favoring today’s wants while constraining tomorrow’s possibilities. In this session we will list spending goals and categorize expenses. The use of credit, the true cost of debt, and traps to avoid will be covered. 

 After completing this assignment, students will be able to:
•	Identify different types of investment vehicles
•	Understand the expected returns of the primary asset classes
•	Know why one asset class might be selected over another

Putting one’s money to work can create wealth. In this session we will discuss stocks, bonds and cash and the why behind choosing one investment over another. We will cover different investment vehicles such as mutual funds and exchange-traded funds. 

 After completing this assignment, students will be able to: 
•	Identify different types of risk and ways to manage this risk 

Risk management is a core practice in effective money management. In this session we will compare different types of investment risk and evaluate how one is rewarded for accepting uncertainty. We will take a deeper dive into the role of stocks as a savings vehicle. The role and limits of insurance as a risk-management tool will be discussed.