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Advanced Budgeting

Advanced Budgeting

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

Personal Finance Content Expectations

Standards
Defined by Merit Curriculum: Personal Finance 9th-12th Grades and align with Advanced Budgeting
PF3 Budgeting and Saving: Identify the incentives people have to set aside income for future consumption and evaluate the impact of time, interest rates, and inflation upon the value of savings.
PF5 Financial Investing: Analyze the risks, expected rate of return, tax benefits, the impact of inflation, the role of government agencies, and the importance of diversification when investing in financial assets.
PF6 Protecting and Insuring: Assess the financial risk of lost income, assets, health, or identity, and determine if a person should accept the risk exposure, reduce risk, or transfer the risk to others by paying a fee now to avoid the possibility of a larger loss later.
PF7 Paying Taxes: Identify and evaluate taxes a person is likely to pay, including federal, state, and local taxes, tax benefits and drawbacks, impacts on take-home pay, types of IRS tax forms, and how these can affect their taxes.

PF4 Using Credit: Evaluate the benefits, costs, and potential impacts of using credit to purchase goods and services.

Standards
Defined by Merit Curriculum: Personal Finance 9th-12th Grades and align with Advanced Budgeting
4.1: Free Application for Federal Student Aid (FAFSA), Student Loans, Scholarships, Work Study and Grants