Advanced Budgeting

Advanced Budgeting

Game • 4.0 hrs of learning

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

Mississippi Personal Finance Standards (2022)

1: Personal Decision-Making

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
1.2: Apply opportunity costs and trade-offs to personal decision-making. DOK2
1.4: Recognize and analyze the consequences of a decision. DOK2

1.3: Apply the steps of a decision-making process. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
b: Apply the steps of the PACED decision-making process to a situation involving a personal financial decision.

2: Earning and Reporting Income

2.3: Differentiate between gross and net income. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
b: Explain the various types of taxes and their impact on income and purchasing power.
c: Discuss and give examples of deductions (e.g., taxes, insurance).

2.4: Describe information and required forms relevant to the completion of state and federal income-tax forms. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
b: Complete end-of-year tax returns (e.g., 1040, state tax form).

3: Banking and Financial Institutions

3.3: Identify and describe the various options for monetary transactions. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
c: Differentiate among types of electronic monetary transactions (e.g., debit cards, ATM, direct deposit, online banking transfers).

4: Budgeting

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
4.1: Identify short- and long-term financial goals to construct a personal spending and/or savings plan. DOK1

4.3: Discuss and create a budget. DOK3

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
d: Create a monthly budget using a given scenario.

7: Using Credit

7.1: Investigate credit and the effects one's credit score has on financial decisions. DOK1

Standards
Defined by Personal Finance 9th-12th Grades and align with Advanced Budgeting
b: Explain the need for a sound credit rating and the importance of annually monitoring one's own credit rating.
c: Read and interpret a credit report.