Washington
6th Grade
State Standards
6.SSSpending and Saving
Develop a plan for spending and saving.
1Show how spending priorities reflect goals and personal values.
2Classify the components of a personal spending plan, including income, planned saving, and expenses.
3Distinguish between saving strategies, including pay yourself first and comparison shopping.
4Compare the advantages and disadvantages of saving for financial goals.
5Identify the importance of an emergency fund.
Develop a system for keeping and using financial records.
6Prepare a sample personal property inventory, including descriptions, locations, and estimates of value.
Describe how to use different payment methods.
7Summarize the advantages and disadvantages of checks, prepaid cards, debit cards, gift cards, and online and mobile payment systems.
Apply consumer skills to spending and saving decisions.
8Analyze how external factors, such as marketing and advertising techniques, might influence spending decisions for different individuals.
6.CDCredit and Debt
Analyze the costs and benefits of various types of credit.
1Explain how debit cards differ from credit cards.
2Calculate the total cost of repaying a loan under various rates of interest and over different periods.
6.EIEmployment and Income
Explore job and career options.
1Give an example of how education and training can affect lifetime income.
2List the education and training requirements, income potential, and primary duties of at least two jobs of interest.
3Identify individuals who could provide positive job references.
4Label basic components of a part-time job application.
Compare sources of personal income and compensation.
5Identify the difference between earned and unearned income and give an example of each.
6Give an example of a situation that qualifies for a government transfer payment.
7Identify how local government services assist people.
Analyze factors that affect net income.
8List Social Security, Medicare, and Affordable Care Act benefits structure.
6.IInvesting
Evaluate investment alternatives.
1Explain the difference between stocks and bonds.
Demonstrate how to buy and sell investments.
2Explain how to open a basic deposit account at a financial institution or brokerage firm.
6.RMRisk Management and Insurance
Identify common types of risks and basic risk management methods.
1Give examples of how people manage the risk of financial loss through avoidance, acceptance, control and reduction, and transfer through insurance.
2Identify the consequences of accepting risk with insufficient or no insurance.
3Investigate a specific product safety recall.
Justify reasons to use health, disability, long-term care, and life insurance.
4List the kinds of expenses that health insurance can cover.
6.FDFinancial Decision-Making
Recognize the responsibilities associated with personal financial decisions.
1Analyze examples of money-handling decisions that youth could face.
2List the benefits of making sound financial decisions and the costs of making unsound financial decisions.
3Illustrate how influences such as current fashion trends, peer pressure, and procrastination can affect financial decisions.
Use reliable resources when making financial decisions.
4Analyze the strengths and weaknesses of various online and printed sources of product information.
5List methods used to test advertising claims.
6Determine whether information sources are accurate and reliable when comparing products and services.
7Describe a process for making a consumer decision by combining pre-purchase information with point-of-purchase information, such as unit price data and discounts.
8List types of consumer fraud, including online scams and phone solicitations.
Summarize major consumer protection laws.
9Give examples of behaviors that make consumers vulnerable to fraud.
10Describe the consumer protection agencies and their responsibilities in one's state and community.
11Give examples of unfair or deceptive business practices that consumer protection laws prohibit.
12List the types of information needed to resolve a specific consumer complaint.
Make criterion-based financial decisions by systematically considering alternatives and consequences.
13Apply systematic decision-making to setting and achieving financial goals.
14Prioritize personal financial goals.
15Determine the cost of achieving a financial goal.
16Evaluate the results of a financial decision.
17Give examples of how decisions made today can affect future opportunities.
Apply communication strategies when discussing financial issues.
18Recognize how discussing financial matters with household members could help reduce conflict.
19Identify differences in peers' personal values and attitudes about money.
20Illustrate how to negotiate a fee for services such as babysitting or lawn care.
Analyze the requirements of contractual obligations.
21Devise a sample family agreement that establishes the terms of use of a personal item.
Control personal information.
22Identify ways that thieves fraudulently obtain personal information.
23List problems that might occur to a victim of identity theft.
24List strategies for creating and maintaining strong online passwords.
25Recommend ways to use social media safely.
Use a personal financial plan or budget.
26List assets and liabilities.
27Construct a hypothetical student's net worth statement.