EconEdLink

National
Standards in Personal Finance

Below are the National Standards in Personal Finance that most closely relate to the following lesson.


LESSON

Why does Brett Favre make $8.5 million per year? ~ http://www.econedlink.org/e650

Grades: 9-12


STANDARDS

Name: Credit and Debt

Standard: 3

Grades: K-12

  • Maintain creditworthiness, borrow at favorable terms, and manage debt.
  • Describe ways to avoid or correct debt problems.

Name: Planning and Money Management

Standard: 6

Grades: K-12

  • Organize personal finances and use a budget to manage cash flow.
  • Develop a personal financial plan.

Name: Planning and Money Management

Standard: 2

Grades: K-12

  • Organize personal finances and use a budget to manage cash flow.
  • Develop a system for keeping and using financial records.

Name: Planning and Money Management

Standard: 1

Grades: K-12

  • Organize personal finances and use a budget to manage cash flow.
  • Develop a plan for spending and saving.

Name: Income and Careers

Standard: 3

Grades: K-12

  • Use a career plan to develop personal income potential.
  • Describe factors affecting take-home pay.

Name: Income and Careers

Standard: 2

Grades: K-12

  • Use a career plan to develop personal income potential.
  • Identify sources of personal income.

Name: Income and Careers

Standard: 1

Grades: K-12

  • Use a career plan to develop personal income potential.
  • Explore career options.

Name: Financial Responsibility and Decision Making

Standard: 4

Grades: K-12

  • Apply reliable information and systematic decision making to personal financial decisions.
  • Make financial decisions by systematically considering alternatives and consequences.

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.