Advanced Budgeting

Advanced Budgeting

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Here's how Advanced Budgeting aligns with curriculum standards in Massachusetts. Use the filters to change the location, set of standards, and grade level.

Standards
Defined by Personal Financial Literacy 9th-12th Grades and align with Advanced Budgeting
HSS.PFL.T4.1: Explain the purpose of various types of insurance (e.g., health, disability, life, property and casualty); research the costs and coverage of a particular type of insurance from several different companies and analyze which company provides the best option for a particular type of consumer (e.g., a young family, a retiree).
HSS.PFL.T3.3: Explain what a credit bureau does, what a credit rating is and the factors from an individual's credit history that may lead to denial of credit; explain the potential uses of credit reports and scores (e.g., in hiring or renting decisions or the setting of insurance premium rates).
HSS.PFL.T1.5: Give examples of ways people can pay for goods, services, or charitable donations (e.g., cash, credit or debit card, check, mobile phone payment, layaway plan, rent-to-own) and analyze the costs and benefits of each method of payment.
HSS.PFL.T2.6: Formulate a savings or financial investment plan for a future goal (e.g., college or retirement).
HSS.PFL.T3.6: Formulate a credit plan for purchasing a major item such as a car or home, comparing different interest rates.