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Advanced Budgeting

Advanced Budgeting

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

EARNING INCOME

Knowledge Standards

EI.K.4: Analyze the differences between sources of retirement income, including Social Security, employer-sponsored retirement plans, personal investments and continued employment earnings.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Advanced Budgeting
Students will examine different potential sources of retirement income, including but not limited to Social Security, employer-sponsored accounts, 401(k) accounts, 403(b) accounts, 457(b) accounts, traditional and Roth IRA accounts, etc.

SPENDING

Skills Standards

SP.S.1: Create a budget based on changing individual inputs, constraints and goals.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Advanced Budgeting
Students adjust a budget for unexpected expenses or emergencies.
Students will develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses.
Students will create a system to efficiently track their expenditures using different methods.

CREDIT

Skills Standards

CR.S.5: Identify factors that impact an individual's credit score, and ways individuals can improve their credit.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Advanced Budgeting
Students will identify the primary factors that are included in credit score calculations.
Students will understand how to check their credit scores using at least one of the freely available credit reporting services (e.g., Experian, Equifax, TransUnion).