Personal Finance Course Overview & Foundations

Vocabulary flashcards covering the course overview, foundations, RBI framework, module structure, assessment details, and core scripture focus.

Course Purpose

Teaches core personal finance principles—including banking, purchasing, investing, and consumer credit—integrated with biblical teachings on stewardship, generosity, and debt avoidance.

Standards Alignment

Meets the requirements of the Virginia Standards of Learning (SOLs) for Personal Finance.

The Ron Blue Institute (RBI)

The institute partnered with to restructure the course and equip students to apply biblical wisdom to financial decision-making.

RBI Core Principle

"God owns it all."

RBI Decision-Making Model

The framework categorized into "Live, Give, Owe, Grow" for financial decision-making.

Give (RBI Model)

Focuses on generosity and biblical stewardship.

Live (RBI Model)

Focuses on lifestyle management and day-to-day spending.

Owe (RBI Model)

Focuses on understanding taxes and avoiding debt.

Grow (RBI Model)

Focuses on long-term saving and investing.

Module 1: Give

Covers Stewardship (exploring the biblical view of money) and Generosity (highlighting the importance of giving).

Module 2: Live

Covers Financial Planning (making purchases and budgeting) and Banking & Risk (checking/savings accounts and insurance types).

Module 3: Owe

Covers Taxes (biblical perspective on taxes and their societal importance) and Debt (wise decision-making regarding debt prevention).

Module 4: Grow

Covers Career & Investing (jobs, retirement planning, and the stock market).

Daily Assessments

Assessments given after each daily lesson to verify understanding.

Summative Evaluations

Evaluations consisting of weekly quizzes, end-of-module tests, and a final exam.

Projects

Practical assignments designed to reinforce core financial principles.

Core Scripture Focus

Proverbs 16:16 ("How much better to get wisdom than gold! To get understanding is to be chosen rather than silver.")