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Subchapter G. Consumer and Resource Management

122.63 Consumer and Family Economics

(8)

Economic security.  The student explains the relationship of financial planning to economic security. The student is expected to:

 

(A)

identify components of a budget;

#1 – 3 (7) (E)

#2 – 3 (20) (B)

#4 – 3 (19) (B, C)

        5 (3) (A)

 

 

#3 – 1 (1) (D)

 

 

 

(B)

explain the functions, types, and services of financial institutions;

#3 – 3 (7) (G)

#4 – 3 (20) (B)

 

#3 – 1 (3) (B)

#2 – 5 (US 24) (B)

 

(C)

identify savings and investment opportunities;

#1 – 4 (1) (B)

#2 – 3 (7) (G)

        3 (20) (B)

#3 – 1 (8) (B)

 

#2 – 9 (8.12) (C)

 

 

 

(D)

relate insurance types to individual and family needs;

#2 – 1 (8) (B)

 

 

#4 – 5 (US 24) (A)

 

(E)

explain the relationship between retirement planning and family financial security;

#3 – 1 (6) (B)

#4 – 5 (3) (A)

 

#1 – 1 (3) (A, B)

#2 – 1 (2) (A, B, C, D)

 

 

(F)

compare sources and costs of credit;

#2 – 1 (8) (B)

#3 – 3 (19) (B, C)

#4 – 3 (7) (E)

#5 – 3 (7) (E)

 

#3 – 1 (1) (A, B)

#4 – 1 (1) (A, B)

        2 (4) (B)

#1 – 1 (3) (A, B)

 

 

(G)

describe effective use of credit;

#1 – 3 (7) (E)

#2 – 3 (20) (B)

#6 – 1 (8) (B)

 

 

 

 

#4 – 5 (US 24) (A)

 

(H)

develop an effective individual or family budget and record keeping system;

 

#3 – 3 (19) (B, C)

#2 – 2 (3) (A)

        1 (1) (A, B, D, E)

#4 – 2 (3) (A)

        1 (1) (A, B, D, E)

 

 

 

(I)

utilize technology to examine personal financial management plans; and

#1 – 1 (8) (B)

        3 (19) (B, C)

#2 – 3 (19) (B, C)

 

 

 

 

(J)

identify professional financial planning resources

#2 – 1 (8) (B)

        5 (3) (A)

#3 – 4 (1) (B)

#4 – 1 (7) (F)