Foundations in Personal Finance: High School Edition for Homeschool - Chapter Summaries

Unit 1: Saving & Budgeting

Chapter 1: Introduction to Personal Finance
Introduces the topic of personal finance, explores the evolution of the American credit industry, and highlights the importance of both knowledge and behavior when it comes to managing money.

Chapter 2: Saving
Emphasizes the importance of saving and explains the three reasons to save: emergencies, large purchases, and wealth building.

Chapter 3: Budgeting
Explores the purpose and process of writing a budget and the basics of banking, including balancing and reconciling a checking account.

Unit 2: Credit & Debit

Chapter 4: Debt
Identifies the devastating costs of using debt as a financial tool, debunks credit myths, explains the elements of a credit score, identifies organizations that maintain consumer credit records, and summarizes major consumer credit laws.

Chapter 5: Life After High School
Explores 21st Century post-secondary education and career options, highlights the importance of avoiding debt as a young adult, and explains how to cash flow a college education.

Chapter 6: Consumer Awareness
Identifies factors that influence consumer behavior and the effect of inflation on buying power.

Unit 3: Financial Planning & Insurance

Chapter 7: Bargain Shopping
Highlights the importance of bargain shopping as part of a healthy financial plan and identifies important negotiation strategies.

Chapter 8: Investing & Retirement
Establishes basic investing guidelines, describes and compares various types of investments, and identifies elements of employer benefits and retirement plans.

Chapter 9: Insurance
Identifies the purpose of financial risk management as well as the appropriate and most cost-effective risk management strategies.

Unit 4: Income, Taxes, & Giving

Chapter 10: Money & Relationships
Identifies the differences among people's values and attitudes as they relate to money and highlights communication strategies for discussing financial issues.

Chapter 11: Careers & Taxes
Examines the importance of pursuing a career in line with your strengths, the elements of effective goal setting, the best practices of successful people, and types of income and taxes.

Chapter 12: Giving
Highlights the importance of giving of your time, talents, and money in order to serve others and leave a lasting legacy.