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