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Content Area
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21st-Century Life and Careers
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Standard
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9.2 Personal Financial Literacy
All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
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Strand
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B. Money Management
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| By the end of grade |
Content Statement |
CPI# |
Cumulative Progress Indicator (CPI) |
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4
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Money management involves setting financial goals.
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9.2.4.B.1
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Differentiate between financial wants and needs.
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9.2.4.B.2
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Identify age-appropriate financial goals.
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Money management is reliant on developing and maintaining personal budgets.
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9.2.4.B.3
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Explain what a budget is and why it is important.
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9.2.4.B.4
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Identify common household expense categories and sources of income.
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Money management requires understanding of cash flow systems and business practices.
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9.2.4.B.5
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Identify ways to earn and save.
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9.2.4.B.6
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Distinguish among cash, check, credit card, and debit card.
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9.2.4.B.7
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Explain the purposes of financial institutions in the community.
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8
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Money management involves setting financial goals.
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9.2.8.B.1
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Construct a simple personal savings and spending plan based on various sources of income.
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9.2.8.B.2
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Justify the concept of “paying yourself first” as a financial savings strategy.
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9.2.8.B.3
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Relate the concept of deferred gratification to investment, meeting financial goals, and building wealth.
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9.2.8.B.4
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Analyze the effect of the economy on personal income, individual and family security, and consumer decisions.
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9.2.8.B.5
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Evaluate the relationship of cultural traditions and historical influences on financial practice.
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Money management is reliant on developing and maintaining personal budgets.
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9.2.8.B.6
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Construct a budget to save for long-term, short-term, and charitable goals.
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9.2.8.B.7
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Develop a system for keeping and using financial records.
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Money management requires understanding of cash flow systems and business practices.
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9.2.8.B.8
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Explain the concept of cash flow and construct cash flow statements.
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9.2.8.B.9
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Create debit and credit balance sheets and income and cash statements.
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9.2.8.B.10
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Determine the most appropriate use of various financial products and services (e.g., ATM, debit cards, credit cards, checkbooks).
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9.2.8.B.11
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Justify safeguarding personal information when using credit cards, banking electronically, or filing forms.
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9.2.8.B.12
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Evaluate the appropriate financial institutions to assist with meeting various personal financial needs and goals.
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12
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Money management involves setting financial goals.
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9.2.12.B.1
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Prioritize financial decisions by systematically considering alternatives and possible consequences.
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9.2.12.B.2
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Compare strategies for saving and investing and the factors that influence how much should be saved or invested to meet financial goals.
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9.2.12.B.3
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Construct a plan to accumulate emergency “rainy day” funds.
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Money management is reliant on developing and maintaining personal budgets.
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9.2.12.B.4
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Analyze how income and spending plans are affected by age, needs, and resources.
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9.2.12.B.5
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Analyze how changes in taxes, inflation, and personal circumstances can affect a personal budget.
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9.2.12.B.6
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Design and utilize a simulated budget to monitor progress of financial plans.
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Money management requires understanding of cash flow systems and business practices.
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9.2.12.B.7
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Develop personal financial planning strategies that respond to and use tax deductions and shelters.
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9.2.12.B.8
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Describe and calculate interest and fees that are applied to various forms of spending, debt, and saving.
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9.2.12.B.9
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Chart and evaluate the growth of mid- and long-term investments.
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9.2.12.B.10
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Develop a plan that uses the services of various financial institutions to meet personal and family financial goals.
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