21st Century Life and Careers Standards Learning Progressions

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Core Curriculum Content Standards

21st Century Life and Careers Standards Learning Progressions

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.

B. Money Management

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