###### Mathematics of Personal Finance
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Course Description

Core Standards of the Course

Standard 1
Students will use a rational decision-making process to set and implement financial goals.

Objective 1
Explain how goals, decision making, and planning affect personal financial choices and behaviors.

1. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
2. Interpret and analyze data to make predictions.
3. Calculate mean, median, mode, and range.

Objective 2
Analyze the role of cultural, social, and emotional influences on financial behavior.

1. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
2. Interpret and analyze data to make predictions.
3. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 3
Relate financial decisions to personal and societal consequences.

1. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
2. Interpret the rate of growth of functions.

Standard 2
Students will understand sources of income and the relationship between income and career preparation.

Objective 1
Identify various forms of income and analyze factors that affect income.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, irrational numbers such as e).
2. Identify meanings of variables in formulas such as A = P(1+r/n )nt and A = Pert.
3. Identify the effects of changing the variables within equations and how the graph of the equation is affected.
4. Interpret the rate of growth of functions.
5. Graph functions (e.g., linear, quadratic, exponential).
6. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
7. Interpret and analyze data to make predictions.
8. Calculate mean, median, mode, and range.
9. Identify the line of best fit for the relationship of two variables and interpret the correlation as being positive, negative, or no correlation.
10. Use spreadsheets to evaluate data.
11. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 2
Identify and understand required income withholdings.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, irrational numbers such as e).
2. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 3
Analyze criteria for selecting a career and the impact of career choices on income and financial stability.

1. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
2. Interpret and analyze data to make predictions.
3. Calculate mean, median, mode, and range.
4. Identify the line of best fit for the relationship of two variables and interpret the correlation as being positive, negative, or no correlation.
5. Use spreadsheets to evaluate data.
6. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Standard 3
Students will understand principles of money management.

Objective 1
Describe the role of planning and maintaining a balanced budget.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Interpret the meaning of integers in real-life situations and identify the need to use integer representation.
3. Use spreadsheets to evaluate data.
4. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 2
Understand credit uses and costs.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Identify meanings of variables in formulas such as A = P(1+r/n )nt and A = Pert.
3. Identify the effects of changing the variables within equations and how the graph of the equation is affected.
4. Solve equations for a specified variable.

Objective 3
Describe the impact of credit on money management.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.

Objective 4
Describe the rights and responsibilities of buyers and sellers under consumer protection laws.

1. dentify meanings of variables in formulas such as A = P(1+r/n )nt and A = Pert.
2. Identify the effects of changing the variables within equations and how the graph of the equation is affected.
3. Solve equations for a specified variable.
4. Interpret the rate of growth of functions.
5. Graph functions (e.g., linear, quadratic, exponential).

Objective 5
Discuss the purposes for insurance and risk management.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Perform simple probability experiments and calculations.

Standard 4
Students will understand savings, investing, and retirement planning.

Objective 1
Describe the value and use of savings in financial planning.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
3. Interpret and analyze data to make predictions.
4. Use spreadsheets to evaluate data.
5. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 2
Describe the value of investing and types of investments in the financial planning process.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
3. Interpret and analyze data to make predictions.
4. Use spreadsheets to evaluate data.
5. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 3
Compare savings and investments.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
3. Interpret and analyze data to make predictions.
4. Use spreadsheets to evaluate data.
5. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

Objective 4
Analyze the financial preparation for retirement.

1. Perform operations with real numbers (e.g., fractions, decimals, percents, integers, and irrational numbers such as e).
2. Identify meanings of variables in formulas such as A = P(1+r/n )nt and A = Pert.
3. Identify the effects of changing the variables within equations and how the graph of the equation is affected.
4. Solve equations for a specified variable.
5. Interpret the rate of growth of functions.
6. Graph functions (e.g., linear, quadratic, exponential).
7. Collect, organize and display data using graphical representations, including scatter plots, line graphs, bar graphs, circle graphs, histograms and pictographs.
8. Interpret and analyze data to make predictions.
9. Use spreadsheets to evaluate data.
10. Use a chart, table, or graph to find information (e.g., tax tables or amortization charts).

These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Office of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Office of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.