MM1.a.m: Construct a basic budget, including allocating spending and savings that spans for a week or a month.
MM1.b.m: Plan for ways to save, spend, and give money. Compare responsible saving, spending, and charitable habits. Identify various organizations or places that provide financial resource support to individuals or families. Classify the personal eligibility criteria to establish a financial account (e.g., age, residency, or amount of deposit).
MM2.a.m: Describe and evaluate the benefits and risks of basic financial institution services.
MM2.b.m: Compare features of digital banking in online banking, bill pay, transfers, and checking account transactions. Compare the use of cash, debit cards, credit cards, checks, and other modern forms of payment. Determine how pre-authorized payments impact account balances. Recognize the importance of retaining records of financial transactions.
SI1.a.m: Compare and contrast places that can be used to save money. Describe ways to decrease expenses in order to increase savings. Compare pay yourself first to living paycheck to paycheck. Explain why saving is a prerequisite to investing.
SI1.b.m: Analyze the benefits of depositing money into a financial institution. Compare and contrast savings versus checking and debit accounts.
SI1.c.m: Create a savings plan to reach short- and long-term personal saving goals. Analyze how life changes or changes in circumstances can affect a personal savings goal.
SI1.d.m: Define simple and compound interest. Analyze the relationship between opportunity cost and reward.
FM1.c.m: Predict the opportunity costs of various decisions. Explain why the opportunity cost might differ from person to person or in different situations (e.g., auto or housing). Contrast cost-benefit and opportunity cost.
FM2.d.m: Analyze long-term and short-term financial goals utilizing elements of goal development strategies.
