Standard+1+-+Make+Informed,+Financially+Responsible+Decisions

   financial situation. borrowing and “IOUs”. 
 * ** Standard 1: Make Informed, Financially Responsible Decisions ** – Students will apply financial literacy reasoning in order to make informed, financially responsible decisions. ||
 * ** Grades 3-5 ** || ** Grades 6-8 ** || ** Grades 9-12 ** ||
 * ** 1.5.A ** Explain that people make financial choices based on available resources, wants and needs.
 * 1.5.A.1 ** Explain the consequences of making financial decisions.
 * 1.5.A.2 ** Identify opportunity cost of financial decisions made by individuals.
 * 1.5.A.3 ** Apply the steps in the decision-making process to a
 * 1.5.A.4 ** Describe the concept of financial obligations, such as

//(SS 4.A.1) // || ** 1.8.A ** Analyze the financial choices that people make based on available resources, wants, and needs for goods and services.

 || ** 1.12.A ** Evaluate the financial choices that are made based on available resources, wants, and needs for goods and services.
 * 1.8.A.1 ** Predict the consequences of making financial decisions.
 * 1.8.A.2 ** Describe opportunity cost of financial decisions made by individuals.
 * 1.8.A.3 ** Predict the financial outcomes in an applied decision-making process.
 * 1.8.A.4 ** Explain the concept of financial obligations, such as promissory notes and contracts.
 * 1.8.A.5 ** Describe the legal and ethical factors involved in making personal financial decisions.

 ||
 * 1.12.A.1 ** Explain how scarcity and opportunity cost affect decision-making.
 * 1.12.A.2 ** Analyze costs, benefits, and opportunity cost to determine the achievement of personal financial goals.
 * 1.12.A.3 ** Apply the decision-making process to an unforeseen situation such as a personal crisis.
 * 1.12.A.4 ** Explain the concept of financial obligations, such as a promissory note, cell phone contract or college loan.
 * 1.12.A.5 ** Evaluate how public policy issues impact personal financial decisions, such as environmental and health care concerns.
 * ** 1.5.B ** Explain factors that affect personal financial decisions and actions.

|| ** 1.8.B ** Analyze factors that affect personal financial decisions and actions.
 * 1.5.B.1 ** Identify attitudes, assumptions and patterns of behavior regarding money, saving, investing, and work and how they affect personal consumer decisions.
 * 1.5.B.2 ** Explain philanthropy, volunteer service and charities.


 * 1.8.B.1 ** Compare attitudes, assumptions, and patterns of behavior regarding money, saving, investing, and work including the impact on relationships.
 * 1.8.B.2 ** Connect the role of philanthropy, volunteer service, and charities to community development and quality of life.
 * 1.8.B.3 ** Examine individual differences in decisions made as a consumer. || ** 1.12.B  ** Evaluate factors that affect personal financial decisions and actions.
 * 1.12.B.1 ** Evaluate attitudes, assumptions, and patterns of behavior regarding financial decisions, and predict how they impact the achievement of financial goals.
 * 1.12.B.2 ** Reflect on the impact of philanthropy, volunteer service, and charities in community development and quality of life.
 * 1.12.B.3 ** Compare individual differences and influences on consumer decisions related to money including the impact on relationships. ||


 * ** Standard 1: Make Informed, Financially Responsible Decisions ** – Students will apply financial literacy reasoning in order to make informed, financially responsible decisions. ||
 * ** Grades 3-5 ** || ** Grades 6-8  ** || ** Grades 9-12  ** ||
 * ** 1.5.C ** Apply financial knowledge, attitudes, and skills.


 * 1.5.C.1 ** Describe different ways in which consumers plan their purchasing decisions.


 * 1.5.C.2 **  Identify personal financial goals.

//(Community and Financial Responsibility F.3) // || ** 1.8.C ** Integrate and apply financial knowledge, attitudes, and skills.

 || ** 1.12.C ** Evaluate and apply financial knowledge, attitudes, and skills.  ||
 * 1.8.C.1 ** Develop an informed and responsible action to resolve personal financial literacy questions and issues.
 * 1.8.C.2 ** Describe methods to achieve personal financial goals.
 * 1.12.C.1 ** Justify an informed and responsible action to resolve personal financial literacy questions and issues.
 * 1.12.C.2 ** Apply the decision-making process to achieve a personal financial goal.
 * ** 1.5.D ** Describe different types of retail markets.


 * 1.5.D.1 ** Describe markets situations where buyers and sellers meet to exchange goods and services.
 * 1.5.D.2 ** Identify markets that are not face-to-face meetings such as Internet shopping and catalog shopping.

//(SS 4.B.1) // || ** 1.8.D ** Compare different types of markets

 || ** 1.12.D ** Compare different types of markets.
 * 1.8.D.1 ** Compare at least three markets that sell similar goods and services and determine which offers the best value.
 * 1.8.D.2 ** Identify fees associated with markets that are not face-to-face such as shipping and handling.

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 * 1.12.D.1 ** Determine different types of retail markets, and analyze the goods and services they offer.
 * 1.12.D.2 ** Examine external factors that affect a market such as inflation, and determine the most appropriate time to purchase.
 * <span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;"> || ** 1.8.E ** Analyze the economic impacts of government, business, and consumer financial decisions.
 * 1.8.E.1 ** Form hypotheses regarding the impact of the global economy on personal financial planning.
 * 1.8.E.2 ** Predict the consequences of personal consumer decisions and actions on the global economy and the environment.
 * 1.8.E.3 ** Describe the impacts of business, government, and consumer financial decisions on the individual, family, and community. || ** 1.12.E  ** Evaluate the economic impacts of government, business, and consumer financial decisions.
 * 1.12.E.1 ** Assess the impact of global economic events on personal financial planning.
 * 1.12.E.2 ** Examine the consequences of personal consumer decisions and actions on the global economy, and the environment.
 * 1.12.E.3 ** Analyze the impacts of business, government, and consumer financial decisions on the individual, family, and community.