Upon successful completion of the learning experience, students will be able to: Define and give examples of economic wants and needs; Analyze the effects of ethics on business and financial management decisions; Differentiate between types of decisions and identify which types should be used in a formal decision-making process; Analyze how career choice, education, and skills affect income and goal attainment; Calculate net pay; Construct and use a personal budget plan and evaluate it according to short-term goals; Construct and use a personal budget plan and evaluate it according to long-term goals; Explain how and why the stock market works; Analyze the power of compounding; Describe the advantages and disadvantages of various savings and investing plans; Explain the role of savings and investing in creating a financial plan; Contrast the impact of simple interest versus compound interest on savings; Describe and give examples of consumer rights, responsibilities, and remedies; Identify the costs of utilities, services, maintenance, and other expenses involved in independent living; Explain how a consumer can identify and report fraudulent behavior and practices observed on the internet; Identify the rights and responsibilities associated with using a checking account; Differentiate among types of electronic monetary transactions offered by various financial institutions; Describe and demonstrate the steps involved in the bank reconciliation process; Describe the risks and responsibilities associated with using credit; Identify and explain methods of establishing and maintaining a good credit rating; Identify basic features of credit ratings and reports; Identify risk in life and how to gain protection against the consequences of risk; Identify features and types of insurance, including auto, flood, and home.