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Advanced Budgeting

Advanced Budgeting

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

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.