50/30/20 Budgeting

50/30/20 Budgeting

Article • 15 min of learning

Here's how 50/30/20 Budgeting aligns with curriculum standards in Montana. Use the filters to change the location, set of standards, and grade level.

Financial-Literacy Themes (High-School)

Standards
Defined by Financial Literacy & Economics Graduation Requirement Reference 9th-12th Grades and align with 50/30/20 Budgeting
II: Spending — A budget is a plan for allocating a person's spendable income to necessary and desired goods and services. When there is sufficient money in their budget, people may decide to give money to others, save, or invest to achieve future goals. People can often improve their financial wellbeing by making well-informed spending decisions, which includes critical evaluation of price, quality, product information, and method of payment. Individual spending decisions may be influenced by financial constraints, personal preferences, unique needs, peers, and advertising.