The financial literacy standards promote the goal of financial capability. The standards focus on setting goals, saving and spending, credit and debt, investing, and measuring financial risk.
Develop Financial and Career Goals
SS-FL.9-12.13. Develop short- and long-term financial goals.
SS-FL.9-12.14. Evaluate entrepreneurship, career choices and the effect on the standard of living.
Create a Saving and Spending Plan
SS-FL.9-12.15. Evaluate the effect of taxes and other factors on income.
SS-FL.9-12.16. Develop a saving and spending plan using a financial recordkeeping tool.
SS-FL.9-12.17. Apply consumer skills to saving and spending decisions.
Analyze Credit and Debt Levels
SS-FL.9-12.18. Analyze the cost and benefits of different types of credit and debt.
SS-FL.9-12.19. Summarize a borrower's rights and responsibilities.
SS-FL.9-12.20. Investigate strategies to avoid and manage debt effectively.
Evaluate Savings and Long Term Investments
SS-FL.9-12.21. Evaluate short-term savings tools.
SS-FL.9-12.22. Apply investment tools to meet financial goals.
Measure Risk Management Tools
SS-FL.9-12.23. Justify reasons to use various forms of insurance.
SS-FL.9-12.24. Establish strategies for protection of personal identity and other forms of fraud.