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Advanced Budgeting

Advanced Budgeting

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

11.SS: Spending and Saving

Develop a plan for spending and saving.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
1: Specify how monetary and non-monetary assets can contribute to net worth.
2: Analyze how changes in life circumstances can affect a personal spending plan.
3: Investigate changes in personal spending behavior that contribute to wealth building.

Develop a system for keeping and using financial records.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
4: Identify expenses that are tax deductible and those that are not.
5: Use a system to retain evidence of tax-deductible expenditures.

Apply consumer skills to spending and saving decisions.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
8: Demonstrate how to use comparison shopping skills to buy or finance a major purchase.
10: Compare the costs and benefits of a new versus used car (e.g., maintenance, safety, financing, and gas mileage) with public transportation.

11.CD: Credit and Debt

Analyze the costs and benefits of various types of credit.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
4: Identify loan options for paying for a major purchase.
7: Explain the effect of debt on net worth.

11.FD: Financial Decision-Making

Recognize the responsibilities associated with personal financial decisions.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
1: Discuss how individual responsibility for financial well-being will change over a lifetime with changing life circumstances.

Make criterion-based financial decisions by systematically considering alternatives and consequences.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
5: Develop a backup plan for a specific financial goal when circumstances change (e.g., job loss, illness, major gift, or inheritance).

Apply communication strategies when discussing financial issues.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
7: Assess the value of sharing financial goals and personal financial information with a partner before combining households.
8: Demonstrate how to negotiate the sales price of a major purchase, such as a car or a motorcycle.

Analyze the requirements of contractual obligations.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
10: Summarize the terms of a credit card or other loan agreement.

Use a personal financial plan or budget.

Standards
Defined by State Learning Standards: Financial Education 11th Grade and align with Advanced Budgeting
16: Develop a personal financial plan or budget, including goals, spending and saving plan, investing plan, insurance plan, a net worth statement, and an estate plan.