Shelby County Schools

?Personal Finance Social Studies: Quarter 2 Curriculum Map Scope and SequenceUnitLengthUnit FocusStandards and PracticesQ2, Unit 1Credit and Debit 3 weeksStudents will be introduced to the advantages and disadvantages of having and using debit cards and credit cards. It will assist students in understanding the similarities and differences between the two cards. It will also help students use the appropriate card when making a purchase in order to avoid unwanted consequences.PF.4Q2, Unit 2Risk Management3 weeksStudents will come to understand that risk management is the continuing process used to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss.PF.5Q2, Unit 3Saving and Investing3 weeksStudents will come to understand that their "savings" are usually put into the safest places or products that allow you access to your money at any time. Examples include savings accounts, checking accounts, and certificates of deposit. At some banks and savings and loan associations your deposits may be insured by the Federal Deposit Insurance Corporation (FDIC). There is a tradeoff for the security and ready availability of these savings methods: your money is paid a low wage as it works for you.Students will also come to learn that when you "invest," you have a greater chance of losing your money than when you "save." Unlike FDIC-insured deposits, the money you invest in securities, mutual funds, and other similar investments is not federally insured. You could lose your "principal," which is the amount you've invested. That’s true even if you purchase your investments through a bank. But when you invest, you also have the opportunity to earn more money than when you save. There is a tradeoff between the higher risk of investing and the potential for greater rewards.PF.6 ................
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