Description: Students are introduced to the PACED decisionmaking model and grid as a guide to making personal finance choices. The grid is used to evaluate product choices based on ratings from Consumer Reports® and to demonstrate trade-offs and opportunity costs.
• Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum-
unit (Making Personal Finance Decisions Curriculum Unit).
• Use “Lesson 1B: Making Choices and Identifying Costs” (pdf) and the accompanying PowerPoint slides.