South Dakota content standards for financial literacy
TimeMAPS meets Personal Finance requirements
South Dakota teens are no different than the nation's youth, in need of personal finance education in order to succeed in the present economy. One of the key reasons for the lack of proper understanding about personal finance among young adults is the fact that financial literacy has not been a priority in the course of study at the high school level.
The South Dakota Department of Education was one of the first in the country to revise graduation requirements to include personal finance or economics in their 9-12 school curriculum. Beginning with the graduating class of 2010, South Dakota content standards require an economics or personal finance course for graduation.

South Dakota adopted new High School graduation requirements in the Fall of 2006. All seniors for the class of 2010 must have taken a half credit of economics or personal finance to graduate. Twenty-one business and family and consumer science teachers were involved in developing the South Dakota content standards for personal finance.

The standards have been approved by the South Dakota Board of Education. It is recommended that students take the course during their junior or senior year.

The following objectives should be covered in order to adequately prepare students for making responsible decisions regarding personal finance and lifetime financial goals:
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  • Earning a living - Identify various forms of income and analyze factors that affect income.
  • Money management - Explain the processes involved in managing your personal finances.
  • Spending and Credit - Use a rational decision-making process as it applies to informed decisions on spending and credit.
  • Savings and Investing - Evaluate savings and investment options to meet short- and long-term goals.
The problem needs a solid solution before it gets worse
The South Dakota content standards represent a commitment to improve financial literacy for its youth just in time. American teens have very easy access to money. Credit card companies and financial institutions are willing to provide them with the funds within a few hours. Unplanned expenses take a serious toll on the financial well being of American young people. Unfortunately, many are uneducated about this, which puts them at risk for further financial trouble as they live on their own. The nation has already seen the devastating effects of irresponsible financial managers and poor financial choices made by individuals who may have not been taught properly. For future success and economic prosperity personal finance should be an important part of high school level education. The next problem becomes selecting the right solution. Teaching the principles of personal finance and economics is commendable, but students have to be able to understand it, retain it and use it for the rest of their lives.
Interactive personal finance education is most effective
It is crucial to present personal finance in a way that engages students in grades 9-12 in the topic. Personal finance is a complex topic with many challenging concepts that are difficult for adults to understand.
TimeMAPS interactive software is the complete solution
A new software program called TimeMAPS Money Management and Life Skills Program is designed to make learning about personal financial literacy an interesting and effective process. TimeMAPS stands for Time Management for Achieving Personal Success. This innovative program meets the National Standards for Personal Finance Education. In addition, it successfully meets the South Dakota content standards and can be used in Personal Finance or Economics as a complete curriculum or an interactive supplement to existing material.

Some of the highlights of this software program include over 140 interactive exercises and examples, tables, graphs, charts, 54 personal finance lessons and a comprehensive library explaining over 700 finance terms. Unlike other software programs claiming to match the prescribed South Dakota content standards, TimeMAPS focuses on providing relevant information to the learners. By doing so, TimeMAPS meets South Dakota content standards. To make the learning process even simpler, TimeMAPS contains a wealth of instructor and student resources which enable the facilitator to present material without extensive preparation and gathering of information, and the student to understand the concepts much more effectively.
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TimeMAPS consists of a curriculum CD, student software with the Life Simulator, student resource CDs (optional) and an online testing system. These useful resources help teachers provide an interactive learning environment and save them time preparing and administering the curriculum. These features, along with ease of use and convenience, enable this software program to not only meet the South Dakota content standards but surpass other resources designed to teach financial literacy.

The TimeMAPS online testing system makes it easier for teachers to meet the South Dakota content standards while introducing 9-12 grade students to the complex subject of money management. Its user-friendly, easy-to-navigate menu allows instructors create a test or survey in minutes with a pre-loaded questions. It is also possible to design a test with a single lesson's questions or combine multiple lessons' questions. Teachers can also customize tests by editing questions to align more closely to South Dakota content standards.

Most importantly, this interactive software lets teachers focus on the progress of each student with features like automatic grading, e-mail notifications of test results, and a summary of the student's performance.

Using interactive methods to help future generations become more financially literate is imperative for long-term economic growth. Call today for more information about how you can use TimeMAPS to meet South Dakota content standards and give your students the best financial future today.
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