Personal Goals, Budgeting, and Investing

Learning objectives (CED)

• 5.1.AIdentify types of taxes paid by individuals.
• 5.1.BExplain why individuals and households pay different amounts of federal income tax in the U.S.
• 5.1.CDetermine and describe components of an individual’s pay stub.

Lessons

• Taxes, Net Income, and Budgeting

  Types of taxes, why tax bills differ (progressive rates, deductions, credits), and how to read a pay stub from gross to net pay.

  25 min Reviewed

Learning objectives (CED)

• 5.2.AIdentify types of insurable risks individuals face.
• 5.2.BDescribe types of insurance individuals use to protect themselves from financial loss.
• 5.2.CRecommend appropriate insurance coverage based on an individual’s or household’s risk tolerance and needs.
• 5.2.D

Learning objectives (CED)

• 5.3.AExplain how financial planning supports an individual’s ability to achieve goals related to postsecondary education, housing, retirement, and charitable giving.
• 5.3.BDescribe factors that impact an individual’s or household’s return on financial assets.
• 5.3.CRecommend a saving and investment plan based on the postsecondary education, housing, and retirement goals, time horizon, and risk tolerance of an individual or household.

Lessons