See all 7th-12th Grades Standards

Controlling Finances

Module • 15 min of learning
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Here's how Controlling Finances aligns with curriculum standards in Oklahoma. Use the filters to change the location, set of standards, and grade level.

PFL.1: The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Controlling Finances
PFL 1.4: Identify the components of a personal/family budget (e.g., income, savings/investments, taxes, emergency fund, expenses, and charitable giving) based on specific goals (e.g., financial, personal, educational, and career).
PFL 1.5: Explain how fiscally responsible individuals use various strategies and spending plans for tracking their income and expenses, both anticipated and unanticipated.

PFL.4: The student will demonstrate the ability to manage a bank account and reconcile financial accounts.

PFL 4.1: Analyze the purpose of maintaining accurate financial accounts.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Controlling Finances
A: Identify the steps necessary for opening and maintaining a checking and savings account.
B: Explain the reasons for balancing personal records and reconciling an account statement.

PFL 4.2: Develop useful account management skills.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Controlling Finances
B: Demonstrate the ability to perform basic account management skills, including correctly writing, endorsing, and depositing checks.
C: Explain how to manage financial accounts (e.g., reading and reconciling statements, navigating online platforms and apps).