7.E.1.4

7.E.1.4 Explain how personal financial decision-making impacts quality of life (e.g. credit, savings, investing, borrowing and giving). || ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Literacy Standard(s)**=== || ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Learning Target/Task Analysis**=== The student will understand: Making good economic decisions may lead to a better quality of life. Making bad personal financial decisions may have negative implications for the larger society. The student will know: The benefits of saving, investing and giving. Methods people use to save, invest, and create wealth. How to use credit and borrowing responsibly. Factors that may negatively impact quality of life e.g. accumulating too much debt, not planning for the future, and spending more than earn
 * ===Clarifying Objective===
 * ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Information Technology Standard**=== || ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Revised Bloom's Level of thinking**=== ||

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**I can...**

 * I can distinguish between needs and wants.
 * I can explain why wise financial decision making is the key to meeting needs and attaining wants.
 * I can identify fundamental tools and practices that are required to become financially responsible.
 * I can predict the consequences of failure to plan financially.
 * I can relate the benefits of financial planning to my own life.
 * I can apply fundamental financial practices and tools
 * I can explain the benefits of saving, investing and giving.
 * I can explain the methods people use to save, invest and create wealth.
 * I can provide examples of how to use credit and borrowing responsibly.

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Essential Vocabulary**
Society, Region, Economic Activity, Competition, Resource, Economic Relationship, Economic Decision, Economic Systems, Personal Financial Decision-Making

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Sample Assessments**

 * Populate chart of needs, wants and goals
 * Answer discussion questions orally/written
 * How to write/endorse a check; write a deposit slip; balance a checkbook

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Differentiation**

 * Definition/Sentence/Illustration (DSI) – to introduce newvocabulary
 * (credit, investing, savings)
 * Vocabulary Pictionary
 * Direct Instruction mini-lesson
 * Small group instruction
 * Independent study
 * Collaborative Pairs
 * Cooperative learning:
 * Jigsaw of solutions
 * Peer teaching
 * Multiple texts
 * Group reading selections by level

===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Instructional Resources**=== .
 * Financial Lessons from a Hurricane:
 * []

===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Notes and Additional Information**===