EconEdLink
National
Standards in Personal Finance
Below are the National Standards in Personal Finance that most closely relate to the following lesson.
- Check out your State's Standards.
- Check out National Standards in Economics.
LESSON
U.S. Senate Mulls Over Bankruptcy Legislation ~ http://www.econedlink.org/e26
Grades: 9-12
STANDARDS
Name: Credit and Debt
Standard: 4
Grades: K-12
- Maintain creditworthiness, borrow at favorable terms, and manage debt.
- Summarize major consumer credit laws.
Name: Credit and Debt
Standard: 2
Grades: K-12
- Maintain creditworthiness, borrow at favorable terms, and manage debt.
- Explain the purpose of a credit record and identify borrowers' credit report rights.
Name: Credit and Debt
Standard: 1
Grades: K-12
- Maintain creditworthiness, borrow at favorable terms, and manage debt.
- Identify the costs and benefits of various types of credit.
Name: Planning and Money Management
Standard: 3
Grades: K-12
- Organize personal finances and use a budget to manage cash flow.
- Describe how to use different payment methods.
Name: Financial Responsibility and Decision Making
Standard: 3
Grades: K-12
- Apply reliable information and systematic decision making to personal financial decisions.
- Summarize major consumer protection laws.
Name: Financial Responsibility and Decision Making
Standard: 6
Grades: K-12
- Apply reliable information and systematic decision making to personal financial decisions.
- Control personal information.
Name: Planning and Money Management
Standard: 4
Grades: K-12
- Organize personal finances and use a budget to manage cash flow.
- Apply consumer skills to purchase decisions.