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High School Personal Finance

High School Personal Finance

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Here's how High School Personal Finance aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

Earning Income

Knowledge Standards

EI.K.6: Evaluate the risks and benefits of starting and owning a business.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will evaluate the benefits and risks of small business ownership.
Students will examine sources of assistance and guidance available to individuals or groups starting an independent business.

Skills Standards

EI.S.3: Analyze a variety of tools and services that are relevant to the preparation of personal and business taxes to understand how and when to complete taxes.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will complete an IRS Form W-4.

EI.S.4: Identify the different forms and functions of taxation, and determine estimated payroll taxes, income taxes, property taxes and sales taxes.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will calculate payroll tax, income tax, property tax and sales tax using a set of financial data.

Saving and Investing

Knowledge Standards

SI.K.10: Compare the trade-offs involved with investing in riskier assets with the potential for higher rates of return.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will compare the rates of return among higher- and lower-risk investments.

SI.K.8: Examine the incentives that drive companies to issue and sell stock and motivate individuals to invest.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will analyze the primary drivers compelling companies to issue and sell stocks to the public.
Students will examine the diverse motivations prompting individuals to invest in stocks, evaluating factors such as potential returns and ownership benefits.

Skills Standards

SI.S.2: Compare nominal annual rates of return, including cash flows and price changes over time on different types of investments.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will identify different types of investments, including stocks, bonds, collectibles, real estate, index funds and mutual funds.

Spending

Knowledge Standards

SP.K.2: Analyze how management of financial resources changes at different income and wealth levels, considering budgeting, savings and expenditures.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will analyze budgetary differences of two different income levels.

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 High School Personal Finance
Students will develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses.

Credit

Skills Standards

CR.S.1: Examine the cost of credit using the Annual Percentage Rate (APR), Effective Annual Rate (EAR) or the actual rate to be paid based on the period of compounding and other terms in the contract for a credit card or loan for purchases.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will compare the cost of borrowing $1,000 using consumer credit options that differ in rates and fees.
Students will analyze how credit card grace periods, methods of interest calculation and fees affect borrowing costs.

Knowledge Standards

CR.K.1: Understand the purpose, risks and benefits of credit.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will describe the concept of credit and how it is used in certain situations.
Students will identify the risks and benefits of leveraging credit, including, using a credit card, leveraging a payment plan and taking out a loan.

Managing Risk

Skills Standards

MR.S.1: Analyze the factors that influence insurance premiums including copayments and deductibles and determine the costs and benefits of plans with different costs.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will research factors that result in lower insurance premiums.

MR.S.2: Compare the costs, benefits and risks of different health insurance plans, including the extent to which health insurance covers preventative care.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with High School Personal Finance
Students will estimate the impact of different health insurance deductibles and coinsurance rates on out-of-pocket medical costs.
Students will examine the advantages of obtaining health insurance coverage through an employer plan versus buying private insurance or being uninsured.