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Advanced Budgeting

Advanced Budgeting

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

10: Economics/Personal Financial Literacy 10. Personal Financial Literacy

Standards
Defined by Social Studies Standards 9th-12th Grades and align with Advanced Budgeting
9-12.Econ.47: Compare the costs and benefits of saving, using credit, and or making certain types of financial investments.
9-12.Econ.51: Prepare a budget or spending plan that depicts varying sources of income, a planned saving strategy, taxes, and other sources of fixed and variable spending.
9-12.Econ.52: Evaluate options for payment on credit cards and the consequences of each option.
9-12.Econ.53: Describe how a credit score impacts the ability to borrow money and at what rate.
9-12.Econ.55: Calculate the total cost of repaying a loan under various rates of interest and over different time periods.
9-12.Econ.56: Explain what a mortgage is, why most Americans require one to finance a home, and the challenges of financing mortgages on tribal land.
9-12.Econ.57: Explain how investing may build wealth and help meet financial goals (e.g., stocks, bonds, mutual funds, retirement savings options, real estate).
9-12.Econ.58: Explain various types of insurance and the purpose of using insurance to protect financial interests.