Overall Competency Specific Standard Primary School Secondary School Secondary School Secondary School Advanced Secondary School Advanced Secondary School Advanced Secondary School Advanced Secondary School
Ms Ms Com Bk Ms Com Acc Eco
Spending and saving
Apply strategies to monitor income and expenses, plan for spending and save for future goals
Develop a plan for spending
N
S
S Y N N Y N
Develop a system for keeping and using financial records
N
S
S Y N S Y N
Describe how to use different payment methods
N
S
S Y N S Y N
apply consumer skills to spending and saving decisions
N
S
S Y S S S S
Credit and debt Develop strategies to control and manage credit and debt Analyze the costs and benefits of various types of debts N S S Y S S Y N
Summarize a borrower’s rights and responsibilities related to credit reports N N S Y N S Y N
Apply strategies to avoid or correct debt management problems N N S Y N S S N
Summarize major consumer credit laws N N S Y N S S N
Employment and income
Use a career to develop personal income potentials
Explore job and career options
N
N
N N S N N N
Compare sources of personal income and compensation
N
N
S S N N S N
analyze factors that affect net income
N
N
N Y S N S S
Investing
Implement a diversified investment strategy that is compatible with personal financial goals
Explain how investing may build wealth and help meet financial goals
N
N
Y Y N S Y S
Evaluate investment alternatives
N
S
Y S S S S S
Demonstrate how to buy and sell investments
N
S
Y S N S S N
Investigate how agencies protect investors and regulate financial markets and products
N
N
S S N S S N
Risk management and insurance
Apply appropriate and cost effective risk management strategies
Identify common types of risks and basic risk management methods
N
N
Y S N S Y N
Justify reasons to use property and liability insurance
N
N
Y S N S S S
Justify reasons to use health, disability, long-term care and life insurance
N
N
Y N N N N N
Financial decision making
Apply reliable information and systematic decision making to personal financial decisions
Recognize the responsibilities associated with personal financial decisions.
N
N
N S N N S N
Use reliable resources when making financial decisions
N
N
S S N S S S
Summarize major consumer protection laws
N
N
S S N S S N
Make criterion based financial decisions by systematically considering alternatives and consequences.
N
N
S S N S S S
Apply communication strategies when discussing financial issues
N
N
S S N S S N
Analyze the requirements of contractual obligations
N
N
S S N S N N
Control personal information
N
N
S S N N S N
Use personal financial plan
N
N
S S N S S N
Specific standards total Specific standards total 26 26 26 26 26 26 26 26
Y Y - (0%) - (0%) 6(23%) 10(38%) - (0%) -(0%) 7(27%) - (0%)
S S - (0%) 7(27%) 17(65%) 14(54%) 5(19%) 19(73%) 16(61%) 7(27%)
N N 26(100%) 19(73%) 3(12%) 2(8%) 21(81%) 7(27%) 3(12%) 19(73%)