Unit 3, Part 1

Personal Saving and Borrowing

Personal finance foundations: why people save and what gets in the way, how inflation and interest rates change the value of savings, how to build a savings plan, and how credit, borrowing and creditworthiness work.

AP Exam weighting

25–35% (Unit 3 Parts 1 & 2 combined)

Suggested pacing (CED)

~6 class periods

Your progress

Topic 3.1
Saving for Future Purchases
Learning objectives (CED)
- 3.1.ADescribe reasons consumers save, and identify barriers to saving.
- 3.1.BExplain how PESTEL factors can impact the value of savings and incentives to save.
- 3.1.CDevelop or evaluate a savings plan.
Lessons
- Saving for Future Purchases
  Why people save and what gets in the way, how inflation and policy affect savings, and how to choose among savings vehicles.
  25 min Reviewed
Topic 3.2
Borrowing, Credit, and Debt
Learning objectives (CED)
- 3.2.ADescribe reasons consumers borrow money and the funding sources available to them.
- 3.2.BExplain how a lender evaluates the creditworthiness of a potential borrower.
- 3.2.CRecommend a strategy to manage a consumer’s existing debt and/or use of credit.
Lessons

Personal Saving and Borrowing

Saving for Future Purchases

Learning objectives (CED)

Lessons

Borrowing, Credit, and Debt

Learning objectives (CED)

Lessons