AAFCS Pre-PAC Correlation - Personal and Family Finance

Dollars and Sense

Outline of Course FCS TEKS PFL TEKS
Importance of Financial Planning
Importance of financial planning 3 (A) 1 (B)
Management of Resources
Effective management and decision-making skills 1 (E); 2 (B) 1 (A)
Management of time, energy, and money 1 (C); 2 (A-C) 1 (A); 2 (F)
Setting goals 2 (C); 3 (A) 1 (A, D)
Financial Scorecard
FREE! - Time value of money 3 (C-D, L) 6 (B); 7 (C)
Financial statements 3 (A, C-D, F, L) 1 (A, C); 2 (B-F); 5 (A)
Government’s role in personal finance 3 (L); 6 (B) 3 (B-C)
Consequences of Economic Decisions
Consequence of career choice 2 (D); 8 (B) 15 (A-B, D)
Expenditures 2 (D) 4 (D)
Impact of media and technology on consumer decisions 2 (E) 4 (D)
Economic rights of the consumer 2 (A); 6 (A) 13 (A-C); 9 (C)
Savings
Cash management 3 (D, G-H) 2 (A); 5 (A); 6 (A, C); 7 (C)
Debt
Be a low-risk borrower 3 (B) 9 (A-C, E); 10 (C)
Cost of credit 3 (B-C) 8 (A-B); 10 (A)
Specific types of debt 3 (B-C) 4 (A-C); 8 (A); 10 (A-C)
Credit problems and bankruptcy 3 (C, I) 9 (D); 10 (B)
Big-Ticket Purchases
Big purchases (other than houses) 2 (D) 4 (B-C)
Housing 4 (A-C) 1 (A); 4 (A); 5 (B); 12 (E)
Investments
Investment basics 3 (E) 1 (B); 6 (D); 7 (C)
Financial markets and institutions 3 (E); 6 (A) 6 (A)
Types of investments 3 (E) 6 (C-D)
Investment portfolio 3 (E) 6 (D)
Protecting Your Wealth
Insurance 3 (J) 11 (A-B); 12 (A-F)
Important documents and records 3 (F, K) 5 (C); 14 (A-B)
Retirement 3 (D) 5 (D); 7 (A-C)
Environment
The environment and family and consumer resources 5 (A-D)  
Careers
College and Careers 7 (A-E); 8 (A-D) 15 (A-D); 16 (A-C)
Business communication skills 1 (A)  

Contributors

  • Iva Beck, Family and Consumer Sciences teacher
  • Marianna Graves, Family and Consumer Sciences teacher
  • Donna Stone, Family and Consumer Sciences teacher
  • Deena Katz, CFP, Associate Professor, Texas Tech University
  • Nathan Harness, CFP, Assistant Professor, TAMU Commerce
  • Arlene Spearman, former Associate Director, The Curriculum Center for Family and Consumer Sciences
  • Cari Collins, Curriculum Specialist, The Curriculum Center for Family and Consumer Sciences
  • Patti Rambo, former Director, The Curriculum Center for Family and Consumer Sciences
  • Derrick Pedersen, IT Specialist, The Curriculum Center for Family and Consumer Sciences
  • Becky Martinez, Business Coordinator, Editor, The Curriculum Center for Family and Consumer Sciences
  • Victoria Patton, Student Assistant, The Curriculum Center for Family and Consumer Sciences