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Emergency Fund

Emergency Fund

Worksheet • 30 min of learning
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Here's how Emergency Fund aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

Saving and Investing

Knowledge Standards

SI.K.1: Compare the functions, benefits and drawbacks of different types of checking and savings accounts, including but not limited to regular savings, high-yield savings, money market, certificates of deposit (CDs), college savings, health savings and retirement savings accounts.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Emergency Fund
Students will examine the average interest rate of various savings accounts.

Skills Standards

SI.S.1: Identify practices for saving towards short- and long-term financial goals.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Emergency Fund
Students demonstrate financial goal-setting and decision-making skills for saving.

Spending

Skills Standards

SP.S.1: Create a budget based on changing individual inputs, constraints and goals.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Emergency Fund
Students will develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses.
Students will identify their short-term and long-term financial goals.

SP.S.3: Assess the impact of unexpected expenses (e.g., medical emergencies, layoffs, car accidents), and develop effective strategies for managing these expenses.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Emergency Fund
Students will determine strategies to respond to unexpected expenses.