Standard+5+-+Create+and+Build+Wealth

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 * Standard 5: Create and Build Wealth ** – Students will develop skills to make and maintain long-term goals related to saving and investing in order to build financial security and wealth. ||
 * Grades 3-5 ** ||
 * Grades 6-8 ** ||
 * Grades 9-12 ** ||
 * 5.5.A ** Compare appropriate financial services and products to specified goals.
 * 5.5.A ** Compare appropriate financial services and products to specified goals.
 * 5.5.A ** Compare appropriate financial services and products to specified goals.
 * 5.5.A.1 ** Determine saving goals.
 * 5.5.A.2 ** Describe saving options.
 * 5.8.A ** Align appropriate financial services and products to specified goals.
 * 5.8.A.1 ** Determine the most effective savings option based on a specified goal.
 * 5.8.A.2 ** Differentiate between various saving options, such as certificates of deposits, stocks, mutual funds, and bonds, and compare their current returns.
 * 5.8.A.3 ** Determine the cost of various interest rates and fees of financial products.
 * 5.12.A ** Critique appropriate financial services and products to specified goals.
 * 5.12.A.1 ** Develop a model comparing savings and investment results.
 * 5.12.A.2 ** Demonstrate the use of financial services and products to achieve personal financial goals.
 * 5.12.A.3 ** Compare, contrast, and compute interest rates and fees of various financial products.
 * 5.12.A.4 ** Differentiate between various investment products.
 * 5.12.A.5 ** Select appropriate financial services and products based on evaluation of service and product information.
 * 5.5.B ** Explain strategies for creating wealth and building assets.
 * 5.5.B ** Explain strategies for creating wealth and building assets.
 * 5.5.B.1 ** Differentiate between banked versus unbanked.
 * 5.5.B.2 ** Describe ways that financial institutions protect consumers’ money.
 * 5.5.B.3 ** Describe the concept of “time value” of money.
 * 5.5.B.4 **  D ifferentiate between “working for money” versus “money working for you”.
 * 5.8.B ** Apply strategies for creating wealth and building assets.
 * 5.8.B.1 ** Distinguish between financial practices of the banked and unbanked.
 * 5.8.B.2 ** Explain how financial institutions protect consumers’ money.
 * 5.8.B.3 ** Apply the “Rule of 72” to a financial decision.
 * 5.8.B.4 ** Apply the principle of “pay me first” to realistic scenarios.
 * 5.8.B.5 ** Distinguish between income and wealth.
 * 5.12.B ** Evaluate strategies for creating wealth and building assets.
 * 5.12.B.1 ** Explain the effects of being banked versus unbanked.
 * 5.12.B.2 ** Describe federal deposit insurance programs for banks and credit unions.
 * 5.12.B.3 ** Analyze the effect of “compounding” earned interest.
 * 5.12.B.4 ** Explain the concept of asset allocation based on short- and long term goals.
 * 5.12.B.5 ** Assess factors that influence financial planning (age, income, liabilities, assets, goals, family size, risk tolerance, etc.).
 * 5.12.B.6 ** Explain the relationship among buying power, interest rates, and inflation.
 * 5.5.C ** Explain the relationships between saving and investing.
 * 5.5.C ** Explain the relationships between saving and investing.
 * 5.5.C.1 ** Describe steps involved in saving.
 * 5.5.C.2 ** Describe steps involved in investing.
 * 5.5.C.3 ** Compare saving and investing.

    //(Panning, Saving and Investing D.2) // || || || <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt; mso-bidi-font-weight: bold;"> <span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;"> <span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;"> //<span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;">(Planning, Saving and Investing D.3) // || <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt; mso-bidi-font-weight: bold;"> || <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt;"> || <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt;"> <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt;"> <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt;"> <span style="color: #221e1f; font-family: 'Calibri','sans-serif'; font-size: 9pt;"> <span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;"> || <span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;"> || <span style="font-family: 'Calibri','sans-serif'; font-size: 9pt;"> ||
 * 5.8.C **  Describe the relationships between saving and investing.
 * 5.8.C.1 ** Differentiate between income and investment growth.
 * 5.8.C.2 ** Describe reasons for saving and reasons for investing.
 * 5.8.C.3 ** Identify sources of investment products, such as banks, investment companies, financial planners.
 * 5.8.C.4 ** Calculate short- and long-term returns of stocks and bonds.
 * 5.12.C ** Explain the relationships between saving and investing.
 * 5.12.C.1 ** Describe the role of revenue-generating assets in building wealth.
 * 5.12.C.2 ** Describe the processes and vehicles for buying and selling investments.
 * 5.12.C.3 ** Compare sources for investment products, such as banks, investment companies, financial planners, etc.
 * 5.12.C.4 ** Compare the risk, return, and liquidity of various investment alternatives.
 * 5.5.D ** Apply the concepts of supply and demand to acquiring goods and services.
 * 5.5.D ** Apply the concepts of supply and demand to acquiring goods and services.
 * 5.5.D.1 ** Describe the concepts of supply and demand.
 * 5.5.D.2 ** Describe how supply and demand affect price.
 * 5.8.D **<span style="color: #221e1f; font-size: 9pt; mso-bidi-font-weight: bold; msobidifontweight: bold; msospacerun: yes;"> Analyze how supply and demand affect stock market price changes.
 * 5.8.D.1 ** Explain the concept of supply and demand.
 * 5.8.D.2 ** Explain t he economic principle of supply and demand as it relates to the stock market.
 * 5.12.D ** Analyze the concepts of supply and demand to stock market price changes.
 * 5.12.D.1 ** Explain how supply and demand works in various situations.
 * 5.12.D.2 ** Determine the impact of various events on stock market prices.
 * 5.8.E ** Apply the decision-making processes to financial decisions related to planning, saving, and investing.
 * 5.8.E.1 ** Examine how spending plans are used to realize financial goals.
 * 5.8.E.2 ** Examine how saving strategies differ between a spending plan and an investment plan.
 * 5.12.E ** Apply the decision-making processes to financial decisions related to planning, saving, and investing.
 * 5.12.E.1 ** Develop and justify the best investment and/or savings options to achieve particular goals.
 * 5.12.E.2 ** Develop personal financial planning strategies that respond to and use tax deductions and shelters