Unit 9 Competency 1: Understand financial literacy and services-2

Suggested Objective a: Define financial literacy

According to the PBS website Your Life, Your Money, financial literacy is defined as "personal finance literacy as ' the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.' (2008 Annual Report to the President)"

It further states "personal financial literacy is more than just being able to balance a checkbook, compare prices or get a job. It also includes skills like long-term vision and planning for the future, and the discipline to use those skills every day. In the US, we make great efforts to teach children to read and write, be don't give their financial literacy the same attention. As a result, few young people know how to manage their personal financial lives." Copied from http://www.pbs.org/your-life-your-money/more/what_is_financial_literacy.php Links to an external site. on October 24, 2014.

Suggested Objective b: Recognize the role of financial service providers in achieving financial goals

There are many career options available for people in the Finance career cluster. Areas or career paths include corporate finance, commercial banking, investment banking, financial planning, insurance, and public accounting to name only a few. Each path is unique in its requirements and skills required.

Click the link to read Financial Career Options for Professionals (Links to an external site.) from Investopedia (Links to an external site.).

Finance Career Cluster Links to an external site.YouTube Video (3 minutes nearly)