Standard 4: Individual Financial PlanningArchived

Individual Financial and Investment Planning
General Information
Number: MA.912.F.4
Title: Individual Financial Planning
Type: Standard
Subject: X-Mathematics (former standards - 2008) - Archived
Grade: 912
Body of Knowledge: Financial Literacy

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Independent

MA.912.F.4.In.a
Create a personal budget that fits take-home income after taxes.
MA.912.F.4.In.b
Use real-world strategies needed to manage personal income.
MA.912.F.4.In.c
Identify differences in methods for saving money, such as a savings account, money market account, or savings bonds.
MA.912.F.4.In.d
Identify reliable sources to assist with personal money management, tax preparation, and financial decisions.
MA.912.F.4.In.e
Use strategies to determine how much sales and income tax must be paid in real-world situations.
MA.912.F.4.In.f
Identify purposes of different types of insurance, such as health, automobile, tenant, and life insurance.

Supported

MA.912.F.4.Su.a
Distinguish between income and expenses.
MA.912.F.4.Su.b
Identify a personal budget that fits take-home income after taxes.
MA.912.F.4.Su.c
Identify a method for saving money, such as a savings account.
MA.912.F.4.Su.d
Identify reliable sources of assistance for personal money management and financial decisions.
MA.912.F.4.Su.e
Identify additional charges, such as sales tax and service fees, that may change the original cost of an item.
MA.912.F.4.Su.f
Identify different types of insurance, such as health, automobile, and life insurance.

Participatory

MA.912.F.4.Pa.a
Identify common items or services that have a cost.

Related Resources

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Data Set

Exchange Rates for Currency Conversion:

This online resource shows current exchange rates for different currencies around the world.

Type: Data Set

Lesson Plan

Budgeting: Finding Personal Financial Success:

During this lesson, students will learn about checks, budgets, credit scores, and the importance of insurance. They will then have a home centered activity to focus on their future lives, which they will use in class to create a practice budget, a reflection, and a final version of their budget for their lives after they have finished their education and/or job training. They will then play a game featuring various scenarios that can positively or negatively impact their budget. The summative activity is a written essay encompassing all that they learned throughout the lesson.

Type: Lesson Plan

Perspectives Video: Expert

How Math Models Help Insurance Companies After a Hurricane Hits:

Hurricanes can hit at any time! How do insurance companies use math and weather data to help to restore the community?

Download the CPALMS Perspectives video student note taking guide.

Type: Perspectives Video: Expert

Student Resources

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Parent Resources

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