7th-8th Grade
Look below to see how Banzai's courses, worksheets, activities, and games align with the Learning Standards: Financial Literacy for 7th-8th Grade. Use the filters to change the location, set of standards, and grade level. Note, any one activity listed will satisfy the associated competency.
Financial Literacy
Financial Responsibility and Decision Making
1: Financial responsibility entails being accountable for managing money to satisfy one's current and future economic choices.
2: Financial responsibility involves life-long decision-making strategies which include consideration of alternatives and consequences.
3: Competencies (knowledge and skills), commitment (motivation and enthusiasm), competition (globalization and automation), training, work ethic, abilities and attitude are all factors impacting one's earning potential and employability.
4: Income sources include job earnings and benefits, entrepreneurship, saving and investment earnings, government payments, grants, inheritances, etc. Workers can experience dramatic income dips and spikes from month to month.
5: Taxes, retirement, insurance, employment benefits, and both voluntary and involuntary deductions impact take-home pay.
Planning and Money Management
6: Financial responsibility includes the development of a spending and savings plan (personal budget).
7: Financial institutions offer a variety of products and services to address financial responsibility.
8: Financial experts provide guidance and advice on a wide variety of financial issues.
9: Planning for and paying local, state and federal taxes is a financial responsibility.
Informed Consumer
10: An informed consumer makes decisions on purchases that may include a decision-making strategy to determine if purchases are within their budget.
11: Consumer advocates, organizations and regulations provide important information and help protect against potential consumer fraud.
12: Compare bank terms before opening an account.
13: Consumer protections laws help safeguard individuals from fraud and potential loss.
14: Planned purchasing decisions factor in direct (price) and indirect costs (e.g. sales/use tax, excise tax, shipping, handling, and delivery charges, etc.).
Investing
15: Using key investing principles one can achieve the goal of increasing net worth.
16: Investment strategies must take several factors into consideration such as compounding interest, costs, fees, tax implications and the time value of money.
17: Government agencies are charged with regulating providers of financial services to help protect investors.
Credit and Debt
18: Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay to lender at some later date.
19: Debt is an obligation owed by one party to a second party.
20: Effectively balancing credit and debt helps one achieve some short and long-term goals.
21: Financial documents and contractual obligations inform the consumer and define the terms and conditions of establishing credit and incurring debt.
22: Many options exist for paying for post-secondary education opportunities.
Risk Management and Insurance
23: Safeguards exist that help protect one's identity, money and property.