Indiana
8th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the Personal Financial Responsibility Course and Standards for 8th Grade. Note, any one activity listed will satisfy the associated competency.
Financial and Decision Making
8-1.1: Demonstrate taking responsibility for personal financial decisions.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-1.1.1: Describe the benefits of financial responsibility and the costs of financial irresponsibility.
8-1.2: Analyze financial information from a variety of reliable sources.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-1.2.1: Analyze online and printed sources of financial information by describing strengths and weaknesses of each.
Under Development
8-1.3: Utilize consumer protection laws and resources.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-1.3.1: Identify the primary consumer protection agency in Indiana.
Under Development
8-1.3.2: Describe unfair or deceptive business practices that are forbidden by consumer protection laws.
8-1.3.3: Explain steps for resolving a consumer complaint.
Under Development
8-1.4: Make financial decisions by systematically considering alternatives and consequences.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-1.4.1: Set measurable short-term, medium-term, and long-term financial goals.
8-1.4.2: Evaluate the results of financial decisions.
8-1.4.3: Apply systematic decision making to short-term, medium-term, and long-term goals.
8-1.5: Demonstrate communication strategies for discussing financial issues.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-1.5.1: Explain benefits of discussing important financial matters with household members and/or financial personnel.
8-1.6: Demonstrate strategies to control personal information.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-1.6.1: Describe the possible consequences of disclosing particular types of personal information to others.
Relating Income and Careers
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-2.2: Identify sources of personal income.
8-2.1: Describe how career choice, education, skills, entrepreneurship, and economic conditions affect income.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-2.1.1: Explain how an individual's interests, knowledge, abilities, and career and job choices affect income.
8-2.1.2: Summarize the financial risks and benefits of entrepreneurship as a career choice.
8-2.3: Explain how taxes and employee benefits relate to disposable income.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-2.3.1: Describe taxable income and employee benefits.
8-2.3.2: Describe the items commonly included in payroll deductions.
Planning and Managing Money
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-3.7: Examine the purpose and value of estate planning.
Under Development
8-3.1: Demonstrate ability to use money management skills and strategies.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-3.1.1: Explain basic budget categories, including income, taxes, planned savings, and fixed and variable expenses.
8-3.1.2: Explain the relationship between spending practices and achieving financial goals.
8-3.2: Develop a system for keeping and using financial records.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-3.2.1: Create a system to record income and spending for purchases, services, and taxes.
8-3.2.2: Create a system for organizing product information and warranties and financial documents such as receipts and account statements.
Under Development
8-3.3: Analyze services of financial institutions.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-3.3.1: Compare the advantages and disadvantages of different payment methods, including cash, checks, stored-value cards, debit cards, credit cards, and electronic or online payment systems.
8-3.3.2: Demonstrate steps in establishing and maintaining financial accounts including checking and savings accounts, online banking, investments, and other financial services.
8-3.4: Apply consumer skills to purchase decisions.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-3.4.1: Analyze how external factors, such as marketing and advertising techniques, influence spending decisions for different individuals.
8-3.4.2: Use reliable consumer resources and practices to make buying decisions.
8-3.4.3: Apply systematic decision making to choose among courses of action that include a range of spending, delayed spending, and non-spending alternatives.
8-3.5: Connect the role of charitable giving, volunteer service, and philanthropy to community development and quality of life.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-3.5.1: Determine how charitable giving can fit into a personal budget and appropriate percentages for giving.
Managing Credit and Debt
8-4.1: Analyze the costs and benefits of using various types of credit.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-4.1.1: Compare advantages and disadvantages of various types of credit.
8-4.1.2: Explain factors to consider when using credit or obtaining a loan.
8-4.1.3: Determine the total cost of repaying credit and loans under various rates of interest and over different periods.
8-4.2: Analyze factors that influence establishing and maintaining a good credit rating.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-4.2.1: Describe the information in a credit report and how long it is retained.
8-4.2.2: Explain the value of a positive credit history and credit reports to consumers, borrowers and lenders.
8-4.3: Analyze methods and benefits of avoiding or correcting credit and debt problems.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-4.3.1: Identify possible credit and debt problems and ways to avoid them.
8-4.3.2: Describe actions that a consumer can take to reduce or better manage excessive debt.
8-4.4: Analyze major consumer credit laws.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-4.4.1: Explain the rights, responsibilities, and protections of buyers and sellers under consumer credit laws.
Under Development
Risk Management and Insurance
8-5.1: Analyze the nature of personal financial risk and the importance of protecting against financial loss.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-5.1.1: Explain the relationship between risk and insurance.
8-5.2: Analyze the need for and value of various types of insurance across stages of the life cycle.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-5.2.1: Describe the need for and value of health, property, life, disability, and liability insurance.
8-5.2.2: Identify factors to consider when determining the amount of protection needed.
8-5.2.3: Identify factors that can influence insurance costs.
8-5.3: Apply concepts related to financial risk, protection from loss, and financial planning.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-5.3.1: Apply opportunity-cost analysis to potential situations that can threaten personal and family income and assets.
8-5.3.2: Analyze the importance of developing plans for protecting current and future personal and family assets against financial loss.
Saving and Investing
8-6.1: Explain how saving contributes to financial wellbeing.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-6.1.1: Describe the advantages and disadvantages of saving for short-term and medium-term financial goals.
8-6.1.2: Explain simple interest, compound interest, and the benefits of a compound rate of return.
8-6.2: Apply strategies for creating wealth and building assets.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-6.2.1: Compare reasons and risk/return trade-offs for saving and for investing.
8-6.2.2: Define the time value of money and explain how small amounts of money invested regularly over time grow exponentially.
8-6.2.3: Devise a periodic investment plan for accumulating the money for a major life goal.
8-6.3: Compare investment alternatives.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-6.3.1: Compare the investment potential of options such as stocks, bonds, certificates of deposit, and savings accounts.
8-6.3.2: Explain how inflation affects investment returns.
Under Development
8-6.4: Describe how to buy and sell investments.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-6.4.1: Describe various sources of investment information, including prospectuses, online resources, and financial publications.
8-6.4.2: Research and track publicly traded stock and record daily market values and gains or losses between two specified dates.
8-6.5: Analyze factors that affect the rate of return on investments.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-6.5.1: Explain how the time value of money and economic conditions affect the rate of return on investments.
8-6.5.2: Identify taxes on investments and income tax-free earnings limit for an investor under the age of 18.
Under Development
8-6.6: Analyze how agencies that regulate financial markets protect investors.
Standard
Defined by Personal Financial Responsibility Course and Standards
Banzai Solutions
*Any of the activities below will satisfy the competency
8-6.6.1: Describe benefits and limits of deposit insurance.
8-6.6.2: Utilize the Indiana Securities Commission to investigate legitimacy of one or more investment opportunities.
Under Development