Advanced Budgeting

Advanced Budgeting

Game • 4.0 hrs of learning

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

12.SS: Spending and Saving

Develop a plan for spending and saving.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Advanced Budgeting
1: Specify how monetary and non-monetary assets can contribute to net worth.
2: 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 12th Grade and align with Advanced Budgeting
3: Differentiate between an expense that is tax deductible and one that is not.
4: Devise a system to retain evidence of tax-deductible expenditures.

Describe how to use different payment methods.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Advanced Budgeting
8: Demonstrate how to schedule and manage bill payments.

Apply consumer skills to spending and saving decisions.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Advanced Budgeting
12: Demonstrate how to use comparison shopping skills to buy or finance a major purchase.

12.CD: Credit and Debt

Analyze the costs and benefits of various types of credit.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Advanced Budgeting
4: Decide the most cost-effective loan option for paying for a car.
7: Differentiate between adjustable- and fixed-rate mortgages.
8: Explain the effect of debt on a person's net worth.

12.RM: Risk Management and Insurance

Justify reasons to use property and liability insurance.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Advanced Budgeting
6: Analyze the factors that influence the cost of renters' insurance.