Scam Awareness

Digital Literacy and Computer Science

Finance

• Financial Responsibility
  2: Describe personal spending behavior that contributes to building wealth.

  3: Explain how goals, decision‑making, and planning affect personal financial choices and behaviors.

  5: Gather information from several sources when planning to purchase a product.
• Consumer Decisions and Behavior
  9: Describe factors that impact consumer purchasing decisions throughout the lifespan.

  10. Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

  11. Demonstrate how to use comparison shopping skills to make purchasing decisions, including major purchases.

  13. Explain the ways in which individuals are responsible for their finances and situations in which they share responsibility for other people's finances.
• Money Management
  14. Demonstrate how to set financial goals and analyze the costs and benefits of spending decisions.

  15. Describe strategies for managing income to align with financial goals.
• Saving
  22. Research and report on the benefits of savings.

Social Studies

• 9-12 Economics - Decision-Making and Personal Finance
  SS.9-12.12.8: Investigate ways that personal information is fraudulently obtained.

Social Studies - Economics

• AS.E1: A financially literate individual understands how to manage income, spending, and investment.
  HS.E1.2: Analyze the factors that influence how and why people make budgeting and saving choices.

Financial Literacy Model Framework

• 1.0: Assess the role of money in personal finance.
  1.1: Assess the role and functions of money in the economy.

Personal Finance

• (1) Fundamentals of banking for personal use, including, but not limited to, savings and checking and managing to minimize fees.
• (11) Understanding how psychology can impact one’s financial well-being.

Personal Financial Literacy

• FL.HS.5.1: Apply reliable information to make systematic personal financial decisions based on individual and community values and goals.
• FL.HS.5.5: Choose risk management strategies for protection from the financial risk of lost income, lost or damaged property, health issues, or identity fraud.

Standards for Personal Financial Management and Financial Literacy

• Earning Income
• Spending
• Managing Risk

Financial Literacy

• 1: Financial Planning and Decision Making
  Students will set goals and develop a plan to achieve them.
• 2: Money Management
  Students will establish a budget by setting and prioritizing goals, and understand that a budget requires regular review and adjustments.
• 3: Saving and Investing
  Students will demonstrate how individuals and households save and invest to increase future income and/or wealth.

  Students will demonstrate that personal savings and investment compound over time and contribute to meeting financial goals.

  Students will understand that individuals save money in order to achieve a goal.
• 4: Risk Protection
  Students will analyze costs and benefits of various methods of managing risk.

  Students will understand that planning for potential and unexpected risks can minimize personal loss or harm.

Financial Literacy Standards

• Earning Income
• Spending
• Managing Risk

Financial Literacy

• SS.912.FL.1: Understanding the attitudes and behaviors of personal financial decision making.
• SS.912.FL.4: Identify and compare the different means and risks of saving and investing money, including the impact of inflation, and interest rates.

Personal Finance and Economics

• SSEPF10: Explain sources of and protection against identity theft.

Financial Literacy Standards Fall 2025 (Draft) - Senate Concurrent Resolution No. 66

• Theme 1: Earning Income
• Theme 2: Spending
• Theme 3: Saving
• Theme 6: Managing Risk

House Bill No. 92 - Financial Literacy Standards (2023)

• 1. Recognize the influence of money on human behavior
• 2. Learn about various types of bank accounts
• 9. Recognize and utilize modern consumer skills, tools, and practices

Illinois Learning Standards for Social Science

• Economic Decision Making
• Financial Literacy
  SS.EC.FL.2.9-12: Explain how to make informed financial decisions by collecting information, planning, and budgeting.

Personal Financial Responsibility Course and Standards

• Financial and Decision Making
  12-1.1: Demonstrate taking responsibility for personal financial decisions.

  12-1.4: Make financial decisions by systematically considering alternatives and consequences.

  12-1.6: Demonstrate strategies to control personal information.
• Planning and Managing Money
  12-3.1: Demonstrate ability to use money management skills and strategies.

  12-3.4: Apply consumer skills to purchase decisions.
• Risk Management and Insurance
  12-5.1: Analyze the nature of personal financial risk and the importance of protecting against financial loss.
• Saving and Investing
  12-6.1: Explain how saving contributes to financial wellbeing.

Financial Literacy

• Measure Risk Management Tools
  SS.9-12.24: Establish strategies for protection of personal identity and other forms of fraud. (21st century skills)

Jump$tart National Standards in 2022

• I. Earning Income
• II. Spending
• III. Saving

Essential Skills

• Communication
• Diligence
• Knowledge
• Reliability

Financial Literacy

• Decision Making & Money Management
• Saving & Investing

Personal Finance

• D2: Evaluating different strategies for money and risk management.
• F1: Explaining how personal finance involves the use of economics as the basis for saving, investing and managing money.

Financial Literacy Education

• Make Informed, Financially Responsible Decisions
  1.A: Evaluate the financial choices that are made based on available resources, needs, and wants for goods and services.
• Plan and Manage Money
  3.A: Use money-management skills and strategies to set a financial goal and achieve it.
• Create and Build Wealth
  5.A: Develop a savings plan.
• Manage Risks and Preserve Wealth
  6.A: Evaluate the strategies that protect income and wealth.

Personal Financial Literacy in the Massachusetts Curriculum Frameworks

• PFL: Standards for Personal Financial Literacy
  PFL.T1: Earning and spending income

  PFL.T2: Saving money

Merit Curriculum: Personal Finance

• PF1 Earning Income
• PF2 Buying Goods and Services
• PF3 Budgeting and Saving

Personal Finance

• Focus Area Two: Income and Earning
• Focus Area Five: Risk Management

Personal Finance

• 1: Personal Decision-Making
  1.1: Define and explain individual wants and needs.

  1.3: Apply the steps of a decision-making process.

  1.4: Recognize and analyze the consequences of a decision.
• 3: Banking and Financial Institutions
  3.2: Research and describe various concepts related to checking accounts.
• 4: Budgeting
  4.1: Identify short- and long-term financial goals to construct a personal spending and/or savings plan.
• 5: Buying Goods and Services
  5.2: Apply comparison-shopping practices.

Personal Finance

• I: Financial Decision Making
  Concept 2: Choice and Decision Making
• III: Buying Goods and Services
  Concept 2: Purchasing Items of High Value

  Concept 3: Considering Alternative Goods and Services
• IV: Saving
  Concept 1: Reasons for Saving

  Concept 2: Interest on Savings
• VI: Protecting and Insuring
  Concept 2: Protecting Personal Identity

Financial-Literacy Themes

• I: Earning Income
• II: Spending
• III: Saving
• VI: Managing Risk

Financial Literacy

• SS 2.2: Develop a plan to support short- and long-term goals.
• SS 2.4: Evaluate savings, investment, and risk-management strategies to achieve financial goals.

Financial Literacy

• Savings and spending
• Insurance, investing, and risk
  SS.FL.8: Analyze methods to prevent and limit the consequences of identity theft and fraud.

Social Studies

• SS:EC:6: Personal Finance
  SS:EC:6.4: Describe how insurance and other risk management strategies protect against financial loss.

Career Readiness, Life Literacies, and Key Skills

• 9.1 Personal Financial Literacy
  9.1.12.FP: Financial Psychology

  9.1.12.PB: Planning and Budgeting
• 9.4 Life Literacies and Key Skills
  9.4.12.CT: Critical Thinking and Problem-Solving

  9.4.12.TL: Technology Literacy

Economics/Personal Financial Literacy

• 5. Economic Decision Making
• 10. Personal Financial Literacy
  9-12.Econ.48: Evaluate how and why individuals choose to accept risk, reduce risk, or transfer risk to others.

  9-12.Econ.49: Investigate ways that personal information is fraudulently obtained.

Computer Science and Digital Fluency Standards

• Digital Use

Financial and Consumer Literacy

• FL.1: Personal budgeting
• FL.6: Checking accounts

Standards for Economics and Personal Finance

• Critical Consumerism
  EPF.CC.1: Understand factors associated with consumer decision making.
• Financial Planning

Personal Finance Concepts

• 15.1-21-21(1)(b): Saving for larger purchases
• 15.1-21-21(1)(d): Earning power, including jobs for teenagers

Learning Standards: Financial Literacy

• Financial Responsibility and Decision Making
  2: Financial responsibility involves life-long decision-making strategies which include consideration of alternatives and consequences.
• Planning and Money Management
• Informed Consumer
  11: An informed consumer makes decisions on purchases that may include a decision-making strategy to determine if purchases are within their budget.

  13: Part of being an informed consumer is knowing how to utilize financial services and risk management tools, as well as comparing consumer lending terms and conditions and reading financial statements.
• Risk Management and Insurance
  24: A risk management plan can protect consumers from the potential loss of personal and/or business assets or income.

Personal Financial Literacy

• PFL.9: The student will identify and explain consumer fraud and identity theft.

High School Personal Financial Education Content Standards

• HS.PFE.C: Budgeting, Spending and Money Management
  HS.PFE.C.2: Identify and examine the costs and benefits of financial decisions.
• HS.PFE.E: Maintaining Financial Well-being
  HS.PFE.E.1: Analyze the psychology of money through cultural, social, and emotional influences on financial behavior.

  HS.PFE.E.2: Analyze and apply multiple sources of information when making consumer decisions.

  HS.PFE.E.3: Understand and apply strategies to prevent fraud and personal identity theft.

Academic Standards for Personal Finance

• 17.2: Income
• 17.3: Spending

Jump$tart National Standards in 2022

• I. Earning Income
• II. Spending
• III. Saving
• VI. Managing Risk

Advanced Personal Finance Code: 5131

• A: Safety
• C: Technology Knowledge
• F: Personal Financial Management

Personal Finance Code: 5141

• A: Managing Personal Finances

Personal Finance

• PF 2: Implement processes involved in managing personal finances.
  PF 2.1: Execute a rational decision-making process considering alternatives and consequences.
• PF 4: Evaluate savings and investment options to meet short- and long-term goals.
  PF 4.1: Explain how saving contributes to financial security.

  PF 4.2: Explain how investing builds wealth and helps meet financial goals.
• PF 5: Use appropriate and cost-effective risk management strategies.
  PF 5.1: Evaluate how risk management protects against financial loss.

Personal Finance

• 1: Financial Responsibility and Personal Decision Making
• 3: Planning and Money Management
  3.3: Consumer Protection: Understand the availability of consumer protection laws, agencies, and resources.
• 5: Risk Management
  5.2: Identity Theft: Conduct assessments of identity theft situations and scams.

Essential Knowledge and Skills for Social Studies

• STRAND 1: Students will understand basic economic concepts and develop economic thinking critical to making personal financial choices
• STRAND 2: Students will understand the factors that influence personal financial priorities and learn how to make rational decisions.
• STRAND 5: Students will understand principles of personal money management, including budgeting and managing accounts, and the role and impact of credit on personal finance.

General Financial Literacy

• STRAND 1: Students will understand basic economic concepts and develop economic thinking critical to making personal financial choices.
  Understand how basic economic principles affect personal financial choices.
• STRAND 2: Students will understand the factors that influence personal financial priorities and learn how to make rational decisions.
  Analyze the role of emotional, cultural, and social influences on financial behavior.

  Define a rational decision‑making process.

Jump$tart National Standards in 2022

• I. Earning Income
• II. Spending
• III. Saving
• VI. Managing Risk

Economics and Personal Finance Standards of Learning

• EPF.1: The student will demonstrate knowledge and integration of basic economic concepts and structures
• EPF.3: The student will demonstrate knowledge of the price system
• EPF.10: The student will develop consumer skills
• EPF.16: The student will demonstrate knowledge of personal financial planning

State Learning Standards: Financial Education

• RM: Risk Management and Insurance
  Identify common types of risks and basic risk management methods.
• SS: Spending and Saving

College & Career Readiness - Personal Finance

• SS.C.37: Develop the knowledge and practices of a savvy consumer who knows consumer rights and responsibilities, can identify and avoid fraudulent practices and guard against identity theft.
• SS.C.39: Examine financial habits that promote economic security, stability and growth.

Standards for Personal Financial Literacy

• EE: Education and Employment
  EE1: Students will compare the effect of personal income on their goals.
• FM: Financial Mindset
  FM1: Students will develop strategies to make intentional financial decisions throughout their lifespan.
• MM: Money Management
  MM1: Students will demonstrate their ability to use money management skills and strategies.
• SI: Saving and Investing
  SI1: Students will explore savings concepts and apply this knowledge to attain financial security.

Social Studies Content and Performance Standards

• Financial Literacy – Production, Distribution, and Consumption