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Personal Finance Standards Database

Financial Literacy
Financial Literacy Standards
Financial decision-making
SS.6-8.FL.1: Prioritize and evaluate personal financial goals based on needs and wants.
SS.6-8.FL.2: Investigate consequences of potential financial decisions to make reasoned financial choices.
SS.6-8.FL.3: Describe the services offered by various financial institutions.
Savings and spending
SS.6-8.FL.4: Discuss the components of a personal budget, including income, planned spending, and expenses.
Credit and debt
SS.6-8.FL.5: Explain how debit cards differ from credit cards.
SS.6-8.FL.6: Explain an individual's rights and responsibilities as a consumer.
SS.6-8.FL.7: Discuss the cost of borrowing money for different types of goods and services including but not limited to: consumables, vehicles, education, and housing.
Insurance, investing, and risk
SS.6-8.FL.8: Investigate ways to prevent and limit the consequences of identity theft and fraud.
SS.6-8.FL.9: Explain how an investment differs from a savings account in potential risks and returns.
College and career preparedness
SS.6-8.FL.10: Identify college and career options and their effect on the standard of living.
SS.6-8.FL.11: Identify important academic requirements for financing postsecondary programs.