Washington
9th Grade
State Standards
9.SSSpending and Saving
Develop a plan for spending and saving.
1Use a plan to manage spending and achieve financial goals.
2Identify how charitable giving fits into a spending plan.
Develop a system for keeping and using financial records.
3Investigate checking, savings, and credit card accounts that financial institutions provide.
Describe how to use different payment methods.
4List the risks and protections of checks, prepaid cards, debit cards, gift cards, and online or mobile payment systems.
5List the features and costs of personal checking accounts offered by different financial institutions.
6Identify the costs of cashing a check with various third parties, such as banks and credit unions, check-cashing services, and retail outlets.
Apply consumer skills to spending and saving decisions.
7Demonstrate how to use comparison shopping skills to buy or finance a major purchase.
8Research the cost of expenses associated with postsecondary education.
9Evaluate specific charities based on purpose, management, outcomes or results, and reputation.
9.CDCredit and Debt
Analyze the costs and benefits of various types of credit.
1Identify various types of student loans (public and private) as a means of paying for postsecondary education.
2Identify alternatives to loans as a means of paying for postsecondary education.
9.EIEmployment and Income
Explore job and career options.
1Explore a career plan that aligns with personal interests, financial goals, and desired lifestyle.
2Create a template for a résumé and cover letter.
3Compare how employment opportunities vary across educational levels.
4Explore how productivity among workers relates to workers' wages and job retention.
5Explore the risks, costs, and rewards of starting a business.
6Analyze the costs, benefits, and impact of investment in postsecondary education by career option.
Analyze factors that affect net income.
7Differentiate between a progressive and regressive tax.
8Illustrate the relationship between income level and income tax liability.
9.IInvesting
Explain how investing may build wealth and help meet financial goals.
1Examine strategies for investing as part of a comprehensive financial plan.
2Compare the impact of delaying investment for retirement to beginning investing early.
Evaluate investment alternatives.
3Identify types of investments appropriate for different objectives such as liquidity, income, and growth.
Demonstrate how to buy and sell investments.
4Give examples of how economic conditions and business factors affect the market value of a stock.
5List the advantages and disadvantages of buying and selling investments through various channels, including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchase.
9.RMRisk Management and Insurance
Identify common types of risks and basic risk management methods.
1Evaluate the costs and benefits of an extended warranty.
2Recommend insurance for various types of risk.
Justify reasons to use property and liability insurance.
3List the main types of auto insurance coverage.
4Determine the legal minimum amounts of auto insurance coverage required in one's state of residence and the recommended optimal amounts.
9.FDFinancial Decision-Making
Recognize the responsibilities associated with personal financial decisions.
1Identify how individual responsibility for financial well-being will change over a lifetime with changing life circumstances.
2Identify ways that financial responsibility is different for individuals with and without dependents.
3Consider how personal financial decisions might affect an individual.
Use reliable resources when making financial decisions.
4List sources of financial information that are objective, accurate, and current.
Make criterion-based financial decisions by systematically considering alternatives and consequences.
5Identify elements of a contingency plan to handle events (e.g., car breakdown or phone loss) that might affect personal finances on short notice.
Control personal information.
6Understand identity theft prevention strategies.
Use a personal financial plan or budget.
7List the main components of a simple will.
8Explain the purpose of a durable power of attorney for health care (living will).