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Personal Finance Standards Database

Kentucky
Kentucky

6th-8th Grades

State Standards
Career Studies
Essential Skills
ADAPTABILITY
ES.M.1: Practice problem solving skills in a variety of situations to apply to real-world problems.
ES.M.2: Model flexibility and willingness to try new things (e.g., critical thinking, problem solving).
COMMUNICATION
ES.M.16: Engage effectively in a range of age appropriate collaborative discussions (one-on-one, in groups and teacher led).
ES.M.16.a: Work with peers to create rules for collegial discussions and decision making (e.g., informal consensus, taking votes on key issues, presentation of alternate views).
ES.M.16.b: Speak clearly at an understandable pace using appropriate facts and relevant, descriptive details and complete sentences when appropriate.
ES.M.16.c: Pose and respond to questions that connect the ideas of others' and comment with relevant evidence, observations and ideas.
ES.M.16.d: Acknowledge new information expressed by others, and, when warranted, qualify or justify their own views in light of the evidence presented.
ES.M.16.e: Present claims and findings, sequencing ideas logically and using pertinent descriptions, facts and details to accentuate main ideas or themes; using appropriate eye contact, adequate volume and clear pronunciation.
ES.M.16.f: Adapt speech, using both verbal and nonverbal skills, to a variety of situations, demonstrating command of formal English when appropriate.
ES.M.17: Respect individual differences and work collaboratively with people of diverse backgrounds, viewpoints and experiences.
ES.M.18: Practice effective conflict resolution strategies with minimal guidance.
DILIGENCE
ES.M.3: Demonstrate resilience and perseverance by showing willingness to complete a task.
ES.M.4: Outline goals (short and long-term) and prioritize as necessary to complete task.
DRUG-FREE
ES.M.14: Identify and explain the consequences of substance abuse.
ES.M.15: Explain the need for random drug screening.
INITIATIVE
ES.M.5: Apply failure as a learning opportunity.
ES.M.6: Practice on-task behaviors with minimal direction.
ES.M.7: Practice, apply and evaluate personal responsibility and pride in assigned work (e.g., asking clarifying questions, self-directed learning, self-initiated learning).
KNOWLEDGE
ES.M.8: Apply reading, writing, mathematics, science and technology skills to authentic, real-world tasks.
ES.M.9: Apply and explain important concepts in learning to an authentic audience.
RELIABILITY
ES.M.10: Demonstrate consistent punctuality in a variety of activities with minimal guidance.
ES.M.11: Describe appropriate attire for various situations.
ES.M.12: Practice ethical behavior (e.g., honesty, trust, compassion, acceptance) in various situations.
ES.M.13: Exhibit self-control.
Careers
APPLICATION
C.M.12: Identify and follow agreed-upon work skills (e.g., attendance, respect, preparedness, quality of work, time-management) that are necessary for both the classroom and workplace.
EXPLORATION
C.M.1: Explain how career choices impact lifestyle.
C.M.2: Explore the cost (monetary and time) of post-secondary and technical education, including possible sources of funding.
C.M.3: Explain how roles in the workplace and community are constantly changing (e.g., librarian to media specialist, remote employment opportunities) due to supply and demand and technological impacts on industry.
C.M.4: Identify resources (technology, counselors, shadowing, mentoring, career fairs, class speakers) that can be used for locating job and career information.
C.M.5: Use information from personal inventory surveys to explore and evaluate jobs within the 16 KY Career Clusters to guide educational pathway choices at the secondary level.
PREPARATION
C.M.10: Apply responsible digital citizenship practices (e.g., intellectual property, copyright, online reputation, cyberbullying, digital footprint).
C.M.11: Explain the relationship between personal behavior and employability (e.g., academic achievement, extracurricular activities, community involvement, impact of online behavior, digital citizenship).
C.M.6: Explain how skills (both academic and technical) necessary for a variety of career pathways may be gained through extracurricular activities, community experience, volunteer work, etc.
C.M.7: Use various sources of career information (e.g., Career Day, guest speaker, field trips, virtual field trips, career fairs, career websites) to evaluate jobs/careers that reflect individual interests/needs.
C.M.8: Create and maintain an Individual Learning Plan (ILP) as a tool to explore self-knowledge and academic aptitude by relating interests, values and abilities to career choices.
C.M.9: Identify high school and career/technical center courses and programs that support career or occupational areas of interest.
Financial Literacy
CAREERS, EDUCATION & INCOME
FL.M.1: Develop and manage financial goals for the future based on one's career choice and lifestyle expectations to meet the needs of individuals and families.
FL.M.2: Explain how income can be earned (e.g., wages, commission) or unearned (e.g., interest, capital gains).
FL.M.3: Explain net income (i.e., wages and salaries minus payroll deductions equal net income or take-home pay).
CREDIT & DEBT
FL.M.4: Compare a variety of credit sources from which consumers can choose to borrow.
FL.M.5: Compare the costs and benefits of buying on credit that are key to making a good borrowing decision.
DECISION MAKING & MONEY MANAGEMENT
FL.M.6: Evaluate financial management resources and how they are needed to meet the goals of individuals and families by:
FL.M.6.a: prioritizing financial goals.
FL.M.6.b: creating a budget including income, expenses (fixed/flexible), and savings.
FL.M.6.c: developing and explaining a savings plan and budget based on specific short and long-term financial goals.
FL.M.7: Apply decision making strategies when buying products.
FL.M.8: Compare and evaluate products and services based on major factors (e.g., brand name, price, quality feature, availability) when making consumer decisions.
FL.M.9: Investigate how culture, media and technology impact the family and consumer decision making by:
FL.M.9.a: explaining ways consumer buying practices are influenced by social factors, economic principles, peer pressure, desire for status and advertising techniques.
FL.M.9.b: exploring the impact of positive and negative effects of advertising techniques (e.g., bandwagon, facts and figures, emotional appeal, endorsement/testimonials, free samples, coupons, use of gimmicks, misleading/false information, social media).
INSURANCE & RISK MANAGEMENT
FL.M.12: Research federal government depository insurance coverage and limits related to consumer bank and credit union accounts.
FL.M.13: Investigate the use of insurance to cover risk of financial loss (e.g., liability, health, auto, renter, home).
MONEY & THE ECONOMY
FL.M.11: Compare the relationship between supply and demand and their role in meeting consumer needs.
SAVING & INVESTING
FL.M.10: List examples of investments for current income and investments for future growth.