Analyze elements that affect personal income.
- 1.
Explain controllable factors involved in personal finance.PF.1.1
- 2.
Analyze factors that affect take home pay.PF.1.2
Implement the processes involved in managing personal finances.
- 1.
Execute a rational decision-making process considering alternatives and consequences.PF.2.1
- 2.
Differentiate between 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.
- 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.
- 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.
- 1.
Critique how risk management protects against financial loss.PF.5.1
- 2.
Check how state and federal laws and regulations protect consumers.PF.5.2
Frequently asked questions
- What grade levels do these standards cover?
- Grade 11 and Grade 12
- When were these standards adopted?
- 2011
- Where can I read the official document?
- South Dakota Personal Finance Content Standards
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