About the Course

This course highlights important personal finance components suitable for this particular academic level.

The book offers two kinds of end-of-chapter questions for students:

• Review Questions: Basic recall questions from every module in the chapter are either in open-choice or MCQ format.
• Reflective Questions: Advanced-level conceptual questions allow students to showcase their understanding by applying their learnings from every module to the entire chapter. These questions require out-of-the-box reasoning and thinking about the concepts.

Financial Literacy Term 1

1. Understanding Money and Income

1.1 Introduction to Financial Literacy
1.2 What is Money?
1.3 Types and Forms of Money
1.4 The History and Evolution of Currency
1.5 Understanding Income
1.6 Types of Income (Earned, Passive, Portfolio)
1.7 Sources of Income
1.8 The Relationship Between Work and Income
1.9 Introduction to Paychecks and Paystubs
1.10 Gross Income vs. Net Income
1.11 Taxes and Deductions
1.12 Written Questions
1.13 Fill in the Blanks
1.14 Multiple Choice Questions

2. Budgeting and Saving

2.1 What is a Budget?
2.2 Importance of Budgeting
2.3 Income vs. Expenses
2.4 Fixed vs. Variable Expenses
2.5 Setting Financial Goals
2.6 The 50/30/20 Rule
2.7 Creating a Personal Budget
2.8 Tracking Spending
2.9 Introduction to Saving
2.10 Short-Term vs. Long-Term Savings
2.11 Emergency Funds
2.12 Interest and Compound Interest
2.13 Saving Accounts and Tools
2.14 Written Questions
2.15 Fill in the Blanks
2.16 Multiple Choice Questions

3. Banking and Financial Institutions

3.1 Role of Financial Institutions
3.2 Types of Financial Institutions
3.3 Opening and Managing Bank Accounts
3.4 Checking vs. Savings Accounts
3.5 How to Write and Deposit Checks
3.6 Online and Mobile Banking
3.7 Debit Cards vs. Credit Cards
3.8 Fees and Charges
3.9 Understanding Bank Statements
3.10 Identity Theft and Fraud Prevention
3.11 Written Questions
3.12 Fill in the Blanks
3.13 Multiple Choice Questions

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Financial Literacy Term 2

1. Credit and Loans

1.1 Introduction to Credit
1.2 Types of Credit (Credit Cards, Loans, Lines of Credit)
1.3 How Credit Works
1.4 Credit Reports and Credit Scores
1.5 Building and Maintaining Good Credit
1.6 The Cost of Credit: Interest and Fees
1.7 Loans: Student, Auto, Personal, and Mortgages
1.8 Borrowing Responsibly
1.9 Predatory Lending and Scams
1.10 Written Questions
1.11 Fill in the Blanks
1.12 Multiple Choice Questions

2. Managing Debt

2.1 Understanding Debt
2.2 Types of Debt
2.3 Good Debt vs. Bad Debt
2.4 Strategies for Managing Debt
2.5 Budgeting for Debt Repayment
2.6 Debt Consolidation and Refinancing
2.7 Bankruptcy: What It Is and What It Means
2.8 Avoiding Debt Traps
2.9 Written Questions
2.10 Fill in the Blanks
2.11 Multiple Choice Questions

3. Consumer Skills and Protection

3.1 Making Smart Purchasing Decisions
3.2 Comparison Shopping and Evaluating Products
3.3 Advertising and Media Influence
3.4 Understanding Contracts and Warranties
3.5 Consumer Rights and Responsibilities
3.6 Protecting Against Fraud and Identity Theft
3.7 Online Safety and Financial Security
3.8 Government Agencies and Consumer Protection Laws
3.9 Written Questions
3.10 Fill in the Blanks
3.11 Multiple Choice Questions