Robertsons Draft TOAB for The Mathematics of Personal Finance Learning Task Item and Number Generate and

Adopt a Personal Financial Plan (Derived from goal statement) 1.0 Develop Career Plan Objective Outcome Level Intellectual Skills: Problem Solving Cognitive Stategies: Control and Monitor ones own information Intellectual Skills: Discrimination Defined Concepts Problem solving Apply lower-order procedural knowledge Rule using Classify Attitudes: Choose Intellectual Skills: Discrimination Defined Concepts Problem solving Apply lower-order procedural knowledge Rule using Classify Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Discriminate problem solving Intellectual Skills: Applying lower-order procedural knowledge Rule-using Intellectual Skills: Classify Attitudes: Assessment Item Portfolio of Plan

1.1 Determine personal desired income and career

1.1.1 Compare personal desired income with a desired career 1.1.2 Perfrom a job hunt 1.1.3 Calculate the cost of the required education (time and money) 1.1.4 Analyze career alternatives 1.1.5 Choose an

appropriate career 1.1.6 Calculate paryoll taxes and net pay 2.0 Develop and Execute Money Management Plan

Choose Intellectual Skills: Classify Intellectual Skills: Discrimination Defined concepts Rule using Application Higher-order rules problem solving Intellectual Skills: Discriminate Defined concepts Rule using or application Higher-order rules or problem solving Intellectual Skills: Discriminate Defined concepts Intellectual Skills: Higher-order rules or problem solving Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Rule-using or application Intellectual Skills: Discrimination Defined concepts Rule using Application HIgher order rules Problem solving Intellectual Skills: Discrimination Intellectual Skills: Defined concepts

2.1 Prepare personal financial records

2.1.1 Track income and expenses for one week 2.1.2 Generate a cash flow statement 2.1.3 Determine personal assets and liabilities 2.1.4 Calculate net worth 2.2 Execute personal budget

2.2.1 Discriminate between needs and wants 2.2.2 Generate short term goals for spending

2.2.3 Generate long term goals for spending 2.2.4 Prepare personal budget based on actual records and goals 2.2.5 Test personal budget 2.3 Execute basic banking concepts

Intellectual Skills: Higher-order rules or problem solving Intellectual Skills: Rule using or application HIgher-order rules problem solving Intellectual Skills: Rule-using Application Intellectual Skills: Defined concepts Rule-using Application Intellectual Skills: Defined concepts Intellectual Skills: Defined concepts

2.3.1 Classify and explain basic banking concepts 2.3.2 Classify and explain various checking account tools 2.3.3 Perform checking account functions 3.0 Develop and Execute Savings and Investment Plan

Intellectual Skills: Rule-using Application Intellectual Skills: Discrimination Defined concepts Rule-using Application Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Rule-using Application Attitudes: Choose Intellectual Skills: Defined concepts Intellectual Skills:

3.1 Implement personal savings strategy

3.1.1 Determine short term savings goals 3.1.2 Develop short

term savings strategy 3.1.3 Investigate savings accounts and institutions 3.1.4 Open personal short-term savings

Rule-using Application Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Application Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Rule-using Application Attitudes: Choose Intellectual Skills: Defined concepts ntellectual Skills: Rule-using Application Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Application Attitudes: Choose Intellectual Skills: Discrimination Concrete concepts Defined concepts Rule-using Application Intellectual Skills: Discrimination Concrete concepts Defined concepts Rule-using Application Intellectual Skills:

3.2 Implement personal investment strategy

3.2.1 Determine long term savings goals 3.2.2 Develop long term investment strategy 3.2.3 Investigate long term accounts 3.2.4 Open personal long term investment account 4.0 Develop Spending Plan

4.1 Determine influences on buying decisions

4.1.1 Revisit and

revise needs and wants 4.1.2 Identify advertising influences 4.1.3 Discriminate between good and poor buying decisions 4.2 Analyze transportation

Defined concepts Rule-using Application Intellectual Skills: Concrete concepts Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Concrete concepts Rule-using Application Intellectual Skills: Concrete concepts Intellectual Skills: Rule-using Application Intellectual Skills: Discrimination Concrete concepts Rule-using Application Intellectual Skills: Discrimination Concrete concepts Intellectual Skills: Rule-using Application Intellectual Skills: Rule-using Application Intellectual Skills: Rule-using Application Intellectual Skills: Rule-using Application

4.2.1 Identify personal transportaton choices 4.2.2 Calculate the costs of purchasing and maintaining a car 4.3 Analyze housing

4.3.1 Identify and compare housing choices 4.3.2 Calculate costs of buying and maintaining a house 4.4 Analyze the Necessities: Food and Clothing 4.4.1 Determine the cost of buying food 4.4.2 Determine the cost of buying clothing 5.0 Develop Credit

and Debt Plan 5.1 Discriminate between helpful and hurtful credit 5.1.1 Compare the advantages and disadvantages of using credit 5.1.2 Compare and contrast the different types of credit Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Discrimination Defined concepts HIgher-order rules Problem solving Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Discrimination Defined concepts Intellectual Skills: Discrimination Defined concepts Intellectual Skills: HIgher-order rules Problem solving Intellectual Skills: Discrimination Defined concepts Higher-order rules Problem solving Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Higher-order rules Problem solving Attitudes: Choose Intellectual Skills: Discrimination

5.2 Discriminate between wise and unwise use of credit 5.2.1 Analyze different ways to obtain credit 5.2.2 Analyze various ways to use credit 5.2.3 Calculate the cost of credit 6.0 Develop Risk Management Plan

6.1 Analyze auto and home insurance

6.1.1 Identify and compare different

types of auto insurance and coverages 6.1.2 Calculate the cost of auto insurance 6.1.3 Choose personal auto insurance coverage 6.1.4 Identify and compare different types of home and property insurance 6.1.5 Calculate the cost of home and property insurance 6.1.6 Choose personal home or property insurance 6.2 Analyze health and life insurance

Defined concepts

Intellectual Skills: HIgher-order rules Problem solving Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Intellectual Skills: HIgher-order rules Problem solving Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Higher-order rules Problem solving Attitudes: Choose Intellectual Skills: Discrimination Defined concepts Intellectual Skills: HIgher-order rules Problem solving Attitudes: Choose Intellectual Skills: Discrimination Defined concepts

6.2.1 Identify and compare different types of health care insurance 6.2.2 Calculate the cost of heal care insurance 6.2.3 Choose personal health care insurance 6.2.4 Identify and compare different types of life insurance coverage

6.2.5 Calculate the cost of life insurance coverage 6.2.6 Choose personal life insurance

Intellectual Skills: HIgher-order rules Problem solving Attitudes: Choose