Access Point #: MA.912.F.4.In.b (Archived Access Point)


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Use real-world strategies needed to manage personal income.

Clarifications:

Create a budget based on income and expenses and decide how much you can spend on clothing per week. Use recommended guidelines to determine how much income to spend on rent, utilities, savings, etc. Balance your checkbook regularly to know the current ba

Number: MA.912.F.4.In.b Category: Independent
Date Adopted or Revised: 09/07 Standard: Individual Financial Planning : Individual Financial and Investment Planning

Related Benchmarks

Name Description
MA.912.F.4.2: Explain cash management strategies including debit accounts, checking accounts, and savings accounts.



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Related Resources

Lesson Plan

Name Description
Wallpaper Woes Money Math: Lessons for Life:

Students hear a story about a middle-school student who wants to redecorate his bedroom. They measure the classroom wall dimensions, draw a scale model, and incorporate measurements for windows and doors to determine the area that could be covered by wallpaper. Students then hear more about the student's redecorating adventure and learn about expenses, budget constraints, and tradeoffs.