Owning a Car

Owning a Car

Worksheet • 30 min of learning

Here's how Owning a Car aligns with curriculum standards in Tennessee. Use the filters to change the location, set of standards, and grade level.

3: Planning and Money Management

Standards
Defined by Personal Finance 9th-12th Grades and align with Owning a Car
3.1: Net Worth: Using money management tools such as online computer-based budgeting tools or hardcopy forms, create a personal balance sheet, determine assets and liabilities, and calculate net worth for an identified career.
3.2: Monthly Budget: Using research from local sources (such as cost of living calculators, newspapers, chambers of commerce, local government, and company websites), create a monthly personal budget that reflects household living expenses, taxes, potential savings, and an emergency fund. Develop a saving/spending plan for a week and track actual spending for comparison.

4: Credit and Debt

4.3: Cost of Borrowing: Citing evidence found in credit applications, compare and contrast various types of credit and calculate the real cost of borrowing. Explain factors that can affect the approval process associated with each type. Identify typical information and procedures required in the credit application process. Analyze factors associated with the purchase of an automobile and defend a specific buying decision, including:

Standards
Defined by Personal Finance 9th-12th Grades and align with Owning a Car
4.3.a: Define and understand factors most often included in negotiations (such as cash vs. financing, inclusion of trade-in, etc.).