SS10.7C.9
Apply principles of money management to the preparation of a personal budget that addresses housing, transportation, food, clothing, medical expenses, insurance, checking and savings accounts, loans, investments, credit, and comparison shopping.
Apply principles of money management to the preparation of a personal budget that addresses housing, transportation, food, clothing, medical expenses, insurance, checking and savings accounts, loans, investments, credit, and comparison shopping.
Unpacked Content
UP:SS10.7C.9
Vocabulary
- calculate
- estimate
- principles of money management
- budget
- savings
- checking account
- income
- expenses
- insurance
- taxes
- comparison
- shopping
- credit
- debt
- investments
Knowledge
Students know:
- Effective money management means that a citizen has to take into account that the money they make should be enough to cover expenses like housing, transportation, food, clothing, medical expenses, and insurance and this can be accomplished by making and following a budget.
Skills
Students are able to:
- Estimate and calculate income and expenses in order to create a budget.
Understanding
Students understand that:
- Effective money management includes making a budget based on income and expenses.
