See all 11th-12th Grades Standards
Planning Expenses

Planning Expenses

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Here's how Planning Expenses aligns with curriculum standards in Utah. Use the filters to change the location, set of standards, and grade level.

STRAND 3: Students will understand sources of income and the relationship between career preparation and lifetime earning power.

Standard 1: Identify sources of income and specific employability skills.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Planning Expenses
Identify sources of income, such as salary, wages, commissions, and tips.

STRAND 5: Students will understand principles of personal money management, including budgeting and managing accounts, and the role and impact of credit on personal finance.

Standard 1: Identify and explain the process of budgeting based on projected income and expenses.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Planning Expenses
Define the elements of a financial plan and describe the benefits of financial planning.
Develop a budget that includes the following categories: spending/debt, savings, investing, charitable contributions (such as the 70‑20‑10 rule).
Define fixed, variable, and periodic budget categories.
Emphasize the importance of a goals‑based budget, including priorities such as pay yourself first, emergency/opportunity fund, insurance, and charitable or other voluntary contributions.