EconEdLink

National
Standards in Personal Finance

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


LESSON

The Story of Jack and the Bank Stalk ~ http://www.econedlink.org/e66

Grades: 3-5


STANDARDS

Name: Saving and Investing

Standard: 1

Grades: K-12

  • Implement a diversified investment strategy that is compatible with personal goals.
  • Discuss how saving contributes to financial well-being.

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: Saving and Investing

Standard: 2

Grades: K-12

  • Implement a diversified investment strategy that is compatible with personal goals.
  • Explain how investing builds wealth and helps meet financial goals.

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: Saving and Investing

Standard: 3

Grades: K-12

  • Implement a diversified investment strategy that is compatible with personal goals.
  • Evaluate investment alternatives.

Name: Financial Responsibility and Decision Making

Standard: 2

Grades: K-12

  • Apply reliable information and systematic decision making to personal financial decisions.
  • Find and evaluate financial information from a variety of sources.

Name: Saving and Investing

Standard: 6

Grades: K-12

  • Implement a diversified investment strategy that is compatible with personal goals.
  • Investigate how agencies that regulate financial markets protect investors.