Common Planner
K–12 Standards

Personal Finance (2022)

Other South Dakota CTE sets

Analyze elements that affect personal income.PF 1

  • 1

    Explain controllable factors involved in personal finance. PF 1.1

  • 2

    Analyze factors that affect take home pay. PF 1.2

Implement processes involved in managing personal finances.  PF 2

  • 1

    Execute a rational decision-making process considering alternatives and consequences.  PF 2.1

  • 2

    Differentiate among various money management tools.PF 2.2

  • 3

    Generate a system to organize finances and maintain records. PF 2.3

Use an informed decision-making process to manage credit and debt.PF 3

  • 1

    Differentiate the sources, costs and benefits of using consumer credit.PF 3.1

  • 2

    Explain the positive and negative consequences of using credit.  PF 3.2

Evaluate savings and investment options to meet short- and long-term goals.PF 4

  • 1

    Explain how saving contributes to financial security.PF 4.1

  • 2

    Explain how investing builds wealth and helps meet financial goals.PF 4.2

Use appropriate and cost-effective risk management strategies.  PF 5

  • 1

    Evaluate how risk management protects against financial loss. PF 5.1

  • 2

    Determine how consumer protection laws protect consumers.PF 5.2

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
Where can I read the official document?
Personal Finance

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Sibling grade bands, other subjects in this jurisdiction, and the same subject across other states.

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