CONTENT STATEMENT
Reading financial reports (bank statements, stock market reports, mutual fund statements) enables individuals to make and analyze decisions about personal finances.
CONTENT ELABORATION
Making decisions related to personal finances requires students to analyze financial statements and reports. Bank statements update recent transactions related to deposits and spending.
Individuals can decide to make a major purchase based on available funds or adjust spending to avoid shortfalls.
Reading stock market reports, mutual fund statements, savings account summaries and certificates of deposit (CD) statements enable individuals to make decisions related to investing. For example, people make decisions to take stock dividends in cash or automatically have them reinvested, or people decide to place money in a (CD) based upon the interest rates and term lengths.
Understanding and reconciling check ledgers, online banking summaries and/or other types of financial reports help inform personal financial decisions. For example, people make decisions to increase savings based on average checking account balances or plan for future purchases based on a regular savings pattern.
EXPECTATIONS FOR LEARNING
Demonstrate how financial reports can be used to make decisions about personal finances.