Standard 1 focuses on how people earn a living, including how education, training, and budgeting one's income can significantly impact financial well-being. Students explore sources of income, the difference in gross and net income, and the effects of taxes on income. This introductory learning standard also investigates various strategies for effectively managing income and spending.
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Suggested Unit Progression
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Unit 1: Income
Unit 1.
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Recommended Instructional Class Periods:
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Semester Course:
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Embedded in Course: (9 weeks)
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8-10
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3
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Oklahoma Academic Standard:
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PFL Standard 1. The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.
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Essential Questions:
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How do people meet their needs and wants?
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How do financial decisions impact individuals and society?
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Why and how do people prepare and respond to challenges and change?
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What makes a financially responsible citizen?
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Supporting Questions:
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- How do education and career choices affect the ability to earn a living?
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Why is setting financial goals important to reaching them?
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How does a budget help accomplish short and long-term goals?
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What expenses make up a typical budget?
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What steps can individuals take in order to make wise financial decisions?
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RETURN TO HOMEPAGE
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Suggested Unit Progression
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Unit 1: Earning
a Living
Unit 1.
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Recommended Instructional Class Periods:
|
|
Semester Course:
|
Embedded in Course: (9 weeks)
|
|
8-10
|
3
|
|
Oklahoma Academic Standard:
|
|
PFL Standard 1. The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.
|
|
Essential Questions:
|
|
· How do people meet their needs and wants?
· How do financial decisions impact individuals and society?
· Why and how do people prepare and respond to challenges and change?
· What makes a financially responsible citizen?
|
|
Supporting Questions:
|
|
How do education and career choices affect the ability to earn a living?
Why is setting financial goals important to reaching them?
How does a budget help accomplish short and long-term goals?
What expenses make up a typical budget?
What steps can individuals take in order to make wise financial decisions?
|
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