2014 – 2015
Florida Department of Education
Curriculum Framework 

Program Title:	Personal and Family Finance
Program Type:	Non Career Preparatory
Career Cluster:	Finance

Secondary – Non Career Preparatory	
Program Number	8500120	
CIP Number	09200104PA	
Grade Level	9-12, 30, 31	
Standard Length	.5 credit	
Teacher Certification	FAM CON SC 1
BUS ED 1 @2	
CTSO	FBLA
BPA
FCCLA	
Facility Code	231 http://www.fldoe.org/edfacil/sref.asp (State Requirements for Educational Facilities)	
Targeted Occupation List	http://www.labormarketinfo.com/wec/TargetOccupationList.htm	
Perkins Technical Skill Attainment Inventory	http://www.fldoe.org/workforce/perkins/perkins_resources.asp 	
Industry Certifications	http://www.fldoe.org/workforce/fcpea/default.asp 	
Statewide Articulation	http://www.fldoe.org/workforce/dwdframe/artic_frame.asp 	

Purpose 

The purpose of this course is to give students an overview of personal and family finance concepts including the American economic system, personal and family management of resources including income, money management, saving and investing, spending and credit, the role of financial institutions and the consumer, consumer information and taxation and financial planning.

This content includes, but is not limited to, consumer rights and responsibilities, record-keeping, decision making and consumer choices, resource management, credit, taxation, wills, savings plans, investments, money management resources, insurance and contracts.

Additional Information relevant to this Career and Technical Education (CTE) program is provided at the end of this document.

Program Structure

This program is a planned sequence of instruction consisting of .5 credits. 

Academic Alignment Table

Some or all of the courses in this program have been academically aligned to the Florida Standards for Mathematics and the Next Generation Sunshine State Standards (NGSSS) for Science.  The table below contains the results of the alignment efforts by both academic core and Career and Technical Education (CTE) professional educators.  Data shown in the table includes the number of academic standards in the CTE course and the percentage of alignment to the CTE course.

Courses	Algebra 1	Algebra 2	Geometry	Anatomy/ Physiology Honors	Astronomy     Solar/Galactic Honors	Biology 1	Chemistry 1	Earth-Space Science	Genetics	Marine Science 1 Honors	Physical Science	Physics 1	
Personal and Family Finance	^^	^^	^^	1/53
2%	4/52
8%	6/56
11%	2/55
4%	4/58
7%	2/35
6%	3/42
7%	3/56
5%	4/53
8%	
^^	Alignment pending full implementation of the    					**   Alignment pending review    
	Florida Standards for Mathematics.						#   Alignment attempted, but no correlation to academic course

Florida Standards for Technical Subjects 

Florida Standards (FS) for English Language Arts and Literacy in History/Social Studies, Science, and Technical Subjects are the critical reading and writing literacy standards designed for grade 6 and above.  These standards are predicated on teachers of history/social studies, science, and technical subjects using their content area expertise to help students meet the particular challenges of reading, writing, speaking, listening, and language in their respective fields.  It is important to note that the 6-12 literacy standards in history/social studies, science, and technical subjects are not meant to replace content standards in those areas but rather to supplement them.

This curriculum framework incorporates the grades 9-10 reading and writing literacy standards in the first two courses of this CTE program and grade 11-12 reading and writing literacy standards in the third and fourth courses of this CTE program.  The standards for Mathematical Practices describe varieties of expertise that educators at all levels should seek to develop in their students.  These practices rest on important “processes and proficiencies” with longstanding importance in mathematics education.  This curriculum framework incorporates the appropriate mathematical practices in the first four courses of this CTE program.  

Florida Standards for Mathematics & Language Arts (FS-M/LA)

Some or all of the courses in this program have been aligned to the Florida Standards for Mathematics and Language Arts used in core academic classes.  Data shown in the framework table (column ‘FS-M/LA’) contains the results of these alignment efforts.

Next Generation Sunshine State Standards (NGSSS) - Science 

Some or all of the courses in this program have been aligned to the Next Generation Sunshine State Standards (NGSSS) for Science. These standards are listed next to the content standards.

Common Career Technical Core – Career Ready Practices

Career Ready Practices describe the career-ready skills that educators should seek to develop in their students.  These practices are not exclusive to a Career Pathway, program of study, discipline or level of education.  Career Ready Practices should be taught and reinforced in all career exploration and preparation programs with increasingly higher levels of complexity and expectation as a student advances through a program of study. 

1. Act as a responsible and contributing citizen and employee. 

2. Apply appropriate academic and technical skills. 

3. Attend to personal health and financial well-being. 

4. Communicate clearly, effectively and with reason. 

5. Consider the environmental, social and economic impacts of decisions. 

6. Demonstrate creativity and innovation. 

7. Employ valid and reliable research strategies. 

8. Utilize critical thinking to make sense of problems and persevere in solving them. 

9. Model integrity, ethical leadership and effective management. 

10. Plan education and career path aligned to personal goals. 

11. Use technology to enhance productivity. 

12. Work productively in teams while using cultural/global competence. 

Standards

After successfully completing this program, the student will be able to perform the following:

01.0	Methods and strategies for using Florida Standards for grades 09-10 reading in Technical Subjects for student success in Personal and Family Finance. 
02.0	Methods and strategies for using Florida Standards for grades 09-10 writing in Technical Subjects for student success in Personal and Family Finance.
03.0	Methods and strategies for using Florida Standards for grades 09-10 Mathematical Practices in Technical Subjects for student success in Personal and Family Finance.
04.0	Define the role of individuals and families in the American economic system.
05.0	Apply the decision making process to personal and family financial choices. 
06.0	Manage personal and family income.
07.0	Identify services of financial institutions.
08.0	Use consumer information.
09.0	Understand personal taxation.
10.0	Identify the purpose of wills, insurance and contracts.
11.0	Demonstrate an understanding of saving and investing.
12.0	Analyze the use of consumer credit.

2014 – 2015
Florida Department of Education
Student Performance Standards

Course Title: 	Personal and Family Finance
Course Number: 	8500120
Course Credit:	.5

Course Description:

The purpose of this course is to give students an overview of personal and family finance concepts including the American economic system, personal and family management of resources including income, money management, saving and investing, spending and credit, the role of financial institutions and the consumer, consumer information and taxation and financial planning.

Florida Standards	Correlation to CTE Program Standard #	
01.0	Methods and strategies for using Florida Standards for grades 09-10 reading in Technical Subjects for student success in Personal and Family Finance.		
01.01	Key Ideas and Details		
01.01.1	Cite specific textual evidence to support analysis of science and technical texts, attending to the precise details of explanations or descriptions.
LAFS.910.RST.1.1		
01.01.2	Determine the central ideas or conclusions of a text; trace the text’s explanation or depiction of a complex process, phenomenon, or concept; provide an accurate summary of the text.
LAFS.910.RST.1.2		
01.01.3	Follow precisely a complex multistep procedure when carrying out experiments, taking measurements, or performing technical tasks, attending to special cases or exceptions defined in the text.
LAFS.910.RST.1.3		
01.02	Craft and Structure		
01.02.1	Determine the meaning of symbols, key terms, and other domain-specific words and phrases as they are used in a specific scientific or technical context relevant to grades 9–10 texts and topics.
LAFS.910.RST.2.4		
01.02.2	Analyze the structure of the relationships among concepts in a text, including relationships among key terms (e.g., force, friction, reaction force, energy).
LAFS.910.RST.2.5		
01.02.3	Analyze the author’s purpose in providing an explanation, describing a procedure, or discussing an experiment in a text, defining the question the author seeks to address.
LAFS.910.RST.2.6		
01.03	Integration of Knowledge and Ideas		
01.03.1	Translate quantitative or technical information expressed in words in a text into visual form (e.g., a table or chart) and translate information expressed visually or mathematically (e.g., in an equation) into words.
LAFS.910.RST.3.7		
01.03.2	Assess the extent to which the reasoning and evidence in a text support the author’s claim or a recommendation for solving a scientific or technical problem.
LAFS.910.RST.3.8		
01.03.3	Compare and contrast findings presented in a text to those from other sources (including their own experiments), noting when the findings support or contradict previous explanations or accounts.
LAFS.910.RST.3.9		
01.04	Range of Reading and Level of Text Complexity		
01.04.1	By the end of grade 9, read and comprehend literature [informational texts, history/social studies texts, science/technical texts] in the grades 9–10 text complexity band proficiently, with scaffolding as needed at the high end of the range.
01.04.2	By the end of grade 10, read and comprehend literature [informational texts, history/social studies texts, science/technical texts] at the high end of the grades 9–10 text complexity band independently and proficiently.
LAFS.910.RST.4.10		
02.0	Methods and strategies for using Florida Standards for grades 09-10 writing in Technical Subjects for student success in Personal and Family Finance.		
02.01	Text Types and Purposes		
02.01.1	Write arguments focused on discipline-specific content.
LAFS.910.WHST.1.1		
02.01.2	Write informative/explanatory texts, including the narration of historical events, scientific procedures/experiments, or technical processes.
LAFS.910.WHST.1.2		
02.01.3	Write precise enough descriptions of the step-by-step procedures they use in their investigations or technical work that others can replicate them and (possibly) reach the same results.
LAFS.910.WHST.1.3		
02.02	Production and Distribution of Writing		
02.02.1	Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.
LAFS.910.WHST.2.4		
02.02.2	Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience.
LAFS.910.WHST.2.5		
02.02.3	Use technology, including the Internet, to produce, publish, and update individual or shared writing products, taking advantage of technology’s capacity to link to other information and to display information flexibly and dynamically.
LAFS.910.WHST.2.6		
02.03	Research to Build and Present Knowledge		
02.03.1	Conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation.
LAFS.910.WHST.3.7		
02.03.2	Gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively; assess the usefulness of each source in answering the research question; integrate information into the text selectively to maintain the flow of ideas, avoiding plagiarism and following a standard format for citation.
LAFS.910.WHST.3.8		
02.03.3	Draw evidence from informational texts to support analysis, reflection, and research.
LAFS.910.WHST.3.9		
02.04	Range of Writing		
02.04.1	Write routinely over extended time frames (time for reflection and revision) and shorter time frames (a single sitting or a day or two) for a range of discipline-specific tasks, purposes, and audiences.
LAFS.910.WHST.4.10		
03.0	Methods and strategies for using Florida Standards for grades 09-10 Mathematical Practices in Technical Subjects for student success in Personal and Family Finance.		
03.01	Make sense of problems and persevere in solving them.
MAFS.K12.MP.1.1		
03.02	Reason abstractly and quantitatively.
MAFS.K12.MP.2.1		
03.03	Construct viable arguments and critique the reasoning of others.
MAFS.K12.MP.3.1		
03.04	Model with mathematics.
MAFS.K12.MP.4.1		
03.05	Use appropriate tools strategically.
MAFS.K12.MP.5.1		
03.06	Attend to precision.
MAFS.K12.MP.6.1		
03.07	Look for and make use of structure.
MAFS.K12.MP.7.1		
03.08	Look for and express regularity in repeated reasoning.
MAFS.K12.MP.8.1		

Abbreviations: 
FS-M/LA = Florida Standards for Math/Language Arts
NGSSS-Sci = Next Generation Sunshine State Standards for Science

CTE Standards and Benchmarks	FS-M/LA	NGSSS-Sci	
04.0	Define the role of individuals and families in the American economic system – the student will be able to:		SC.912.E.5.6; 
SC.912.L.15.4; 
SC.912.P.10.15	
04.01	Identify the importance of financially self-sufficient families to the stability of the American economic system.	LAFS.1112.W.3.7		
04.02	Identify the role and importance of the consumer in the economic system.	LAFS.1112.W.3.7		
04.03	Explain the relationship between the consumer, business and government sectors in the U.S. economy.	LAFS.1112.RI.1.2, LAFS.1112.W.1.2		
04.04	Describe the importance of global trade to consumers in the U.S. and in other nations.	LAFS.1112.W.1.2		
04.05	Define consumer education terminology, including capitalism, resources, economic system, supply and demand.	LAFS.1112.RI.2.4		
04.06	Describe the characteristics of a free enterprise system.	LAFS.1112.W.1.2		
04.07	Summarize the law of "supply and demand" and explain its importance in a free enterprise system.	LAFS.1112.RI.1.2		
05.0	Apply the decision‑making process to personal and family financial choices – the student will be able to:		SC.912.E.7.1; SC.912.L.16.5; SC.912.N.1.1; SC.912.P.12.2	
05.01	Discuss the importance of taking responsibility for personal financial decisions.	LAFS.1112.SL.1.1, LAFS.1112.SL.1.2		
05.02	Apply the decision-making process to making consumer choices.	LAFS.1112.W.3.7		
05.03	Explain how limited personal financial resources affect the choices people make.	LAFS.1112.W.4.10		
05.04	Describe how shared decision-making regarding expenditures works in a family setting.	LAFS.1112.W.4.10		
05.05	Explain the interrelationship of time, energy, and money to achieving personal and family goals.	LAFS.1112.RI.1.2		
05.06	Identify why there are dual income families and the advantages and disadvantages they provide to the family.	LAFS.1112.SL.1.1		
05.07	Describe various ways in which families manage their money.	LAFS.1112.W.4.10		
06.0	Manage personal and family income – the student will be able to:		SC.912.E.5.9	
06.01	Identify sources of income.	LAFS.1112.SL.1.1		
06.02	Analyze how career choice, education, skills and economic conditions affect income.	LAFS.1112.W.3.7		
06.03	Identify the paycheck deductions that account for the difference between gross and net pay.	LAFS.1112.W.3.7		
06.04	Relate personal goals and financial goals to the life cycle.	LAFS.1112.W.4.10		
06.05	Identify the opportunity cost of various financial decisions.	LAFS.1112.W.3.7		
06.06	Explain how inflation affects spending.	LAFS.1112.W.4.10		
06.07	Compare the benefits and costs of various spending decisions.	LAFS.1112.W.4.10		
06.08	Compare the advantages and disadvantages of different payment methods.	LAFS.1112.RI.2.4, LAFS.1112.RI.1.2		
06.09	Develop a record keeping system including a budget, income, expenditures, and a net worth statement.	LAFS.1112.W.3.7, LAFS.1112.W.1.2		
07.0	Identify services of financial institutions – the student will be able to:			
07.01	Identify services and functions of financial institutions.	LAFS.1112.W.3.7		
07.02	Identify regulations of financial institutions pertaining to the consumer.	LAFS.1112.W.3.7		
07.03	Explain investment opportunities including stocks, bonds, IRA's, 401(k), 403(b) plans and mutual funds.	LAFS.1112.W.3.7, LAFS.1112.W.1.2		
07.04	Explain how to use money management tools available from financial institutions.	LAFS.1112.W.3.7, LAFS.1112.W.1.2		
08.0	Use consumer information – the student will be able to:			
08.01	Identify local, state and federal sources of consumer information.	LAFS.1112.W.3.7		
08.02	Describe the effects of advertising on consumer purchases.	LAFS.1112.W.3.7, LAFS.1112.W.4.10		
08.03	Evaluate different credit plans such as revolving charge, 90‑day, installment accounts, and interest free.	LAFS.1112.RI.1.2		
08.04	Evaluate consumer information regarding products and services.	LAFS.1112.RI.1.2		
08.05	Describe the rights and responsibilities of buyers and sellers under consumer protection laws.	LAFS.1112.W.3.7, LAFS.1112.W.1.2, LAFS.1112.W.4.10		
09.0	Understand personal taxation – the student will be able to:	MAFS.912.N-Q.1.3	SC.912.N.1.1	
09.01	Explain the basic principles of taxation.	LAFS.1112.W.4.10		
09.02	List types and sources of taxes at the local, state and federal level.	LAFS.1112.L.3.6		
09.03	Describe how taxes relate to governmental services.	LAFS.1112.W.3.7		
09.04	Identify penalties related to non-payment of income tax.	LAFS.1112.W.3.7		
09.05	Explain the difference between gross and disposable income.	LAFS.1112.W.1.2		
09.06	Explain transfer payments and their role in the economy.	LAFS.1112.W.1.2		
09.07	Complete a personal/family income tax form.	LAFS.1112.W.3.7		
10.0	Identify the purpose of wills, insurance and contracts – the student will be able to:			
10.01	Identify the types of insurance needed by individuals and families.	LAFS.1112.W.3.7		
10.02	Interpret basic contract information in leases, service warranties and general sales/credit agreement.	LAFS.1112.RI.1.1		
10.03	Identify reasons for making a will.	LAFS.1112.W.3.7		
10.04	Identify the important components of a will.	LAFS.1112.RI.1.2, LAFS.1112.W.1.2		
10.05	Explain how wills are an important part of a financial plan.	LAFS.1112.W.1.2		
10.06	Describe how insurance and other risk-management strategies protect against financial loss.	LAFS.1112.W.1.2		
11.0	Explain and describe saving and investing – the student will be able to: 		SC.912.L.14.2, 17.13; SC.912.N.1.1	
11.01	Explain the relationship between saving and investing.	LAFS.1112.RI.1.2		
11.02	Describe reasons for saving and investing.	LAFS.1112.W.4.10		
11.03	Compare the risk, return, and liquidity of investment alternatives.	LAFS.1112.RI.1.2		
11.04	Describe how to buy and sell investments.	LAFS.1112.W.1.2		
11.05	Explain how different factors affect the rate of return on investments.	LAFS.1112.W.1.2		
11.06	Evaluate sources of investment information.	LAFS.1112.W.3.7		
11.07	Explain how agencies that regulate financial markets protect investors.	LAFS.1112.W.1.2		
11.08	Explain how inflation affects different types of investments.	LAFS.1112.W.3.7		
12.0	Analyze the use of consumer credit – the student will be able to:		SC.912.L.17.11, SC.912.N.4.2	
12.01	Explain why consumer credit is important to business and consumers in today’s economy.	LAFS.1112.W.1.1		
12.02	Compare sources of consumer credit.	LAFS.1112.RI.1.2		
12.03	Analyze the benefits and cost of consumer credit.	LAFS.1112.W.3.7		
12.04	Explain factors that affect credit worthiness and determine one’s credit score.	LAFS.1112.W.3.7, LAFS.1112.W.3.8		
12.05	Identify ways to avoid or correct credit problems.	LAFS.1112.W.4.10		
12.06	Locate and understand sources of assistance if one experiences credit problems.	LAFS.1112.W.3.7, LAFS.1112.W.3.8		

Additional Information

Laboratory Activities

Laboratory investigations, including the use of scientific research, measurement, and laboratory technologies are an integral part of this course.  These activities include instruction in the use of safety procedures, tools, equipment, materials, and processes related to these occupations.  Equipment and supplies should be provided to enhance hands-on experiences for students.

Career and Technical Student Organization (CTSO)

Future Business Leaders of America (FBLA), Business Professional of America (BPA) and Family, Career and Community Leaders of America (FCCLA) are the appropriate career and technical student organization for providing leadership training and reinforcing specific career and technical skills.  Career and Technical Student Organizations provide activities for students as an integral part of the instruction offered.  The activities of such organizations are defined as part of the curriculum in accordance with Rule 6A-6.065, F.A.C.

Cooperative Training – OJT

On-the-job training is appropriate but not required for this program.  Whenever offered, the rules, guidelines, and requirements specified in the OJT framework apply. 

Accommodations

Federal and state legislation requires the provision of accommodations for students with disabilities as identified on the secondary student’s Individual Educational Plan (IEP) or 504 plan or postsecondary student’s accommodations’ plan to meet individual needs and ensure equal access.  Postsecondary students with disabilities must self-identify, present documentation, request accommodations if needed, and develop a plan with their counselor and/or instructors.  Accommodations received in postsecondary education may differ from those received in secondary education.  Accommodations change the way the student is instructed.  Students with disabilities may need accommodations in such areas as instructional methods and materials, assignments and assessments, time demands and schedules, learning environment, assistive technology and special communication systems.  Documentation of the accommodations requested and provided should be maintained in a confidential file.

In addition to accommodations, some secondary students with disabilities (students with an IEP served in Exceptional Student Education (ESE)) will need modifications to meet their needs.  Modifications change the outcomes or what the student is expected to learn, e.g., modifying the curriculum of a secondary career and technical education course.  Note: postsecondary curriculum and regulated secondary programs cannot be modified.

Some secondary students with disabilities (ESE) may need additional time (i.e., longer than the regular school year), to master the student performance standards associated with a regular Occupational Completion Point (OCP) or a Modified Occupational Completion Point (MOCP).  If needed, a student may enroll in the same career and technical course more than once.  Documentation should be included in the IEP that clearly indicates that it is anticipated that the student may need an additional year to complete an OCP/MOCP.  The student should work on different competencies and new applications of competencies each year toward completion of the OCP/MOCP.  After achieving the competencies identified for the year, the student earns credit for the course.  It is important to ensure that credits earned by students are reported accurately.  The district’s information system must be designed to accept multiple credits for the same course number for eligible students with disabilities.

Articulation

For details on articulation agreements which correlate to programs and industry certifications refer to http://www.fldoe.org/workforce/dwdframe/artic_frame.asp.

Bright Futures/Gold Seal Scholarship

Course substitutions as defined in the Comprehensive Course Table for this program area may be used to qualify a student for Florida’s Gold Seal Vocational Scholarship, providing all other eligibility requirements are met.  Eligibility requirements are available online at https://www.osfaffelp.org/bfiehs/fnbpcm02_CCTMain.aspx. 

Fine Arts/Practical Arts Credit

Many courses in CTE programs meet the Fine Arts/Practical Arts credit for high school graduation (http://www.fldoe.org/articulation/CCD/files/pacourses1314.pdf).  A listing of approved CTE courses is published each year as a supplemental resource to the Course Code Directory (http://www.fldoe.org/articulation/CCD/default.asp).