Missouri
9th-12th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the Personal Finance Course Level Expectations for 9th-12th Grade. Note, any one activity listed will satisfy the associated competency.
Personal Finance Course Level Expectations
I: Financial Decision Making: Choice is the central principle of individuals, businesses and government. People make many choices every day in markets where buyers and sellers interact. Every decision incurs an opportunity cost.
Concept 1: Unlimited Wants and Limited Resources
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Evaluate the role of choice in decision making.
B: Apply a rational decision-making process to satisfy wants.
Concept 2: Choice and Decision Making
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Explain how today's choices have future consequences.
B: Explain the causal relationship between choice and opportunity cost.
C: Analyze how choices can result in unintended consequences.
II: Earning Income: For most people, income is determined by the market value of their labor paid as wages and salaries. People can increase their income and job opportunities through education, skill building and work experience.
Concept 1: Career Choices and Consequences
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Evaluate how career choices impact income and quality of life.
B: Analyze the relationship between education, skill development and earning potential.
C: Describe how wages and salaries are determined in labor markets.
D: Analyze how changes in economic conditions and labor markets can cause changes in a person's income or employment status.
Under Development
E: Describe how entrepreneurs see problems as opportunities for creating new or innovative goods or services.
Concept 2: Forms of Compensation
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Examine how workers are paid through wages, salaries and commissions.
B: Analyze why benefits such as health insurance, retirement plans and flexible scheduling are considered forms of compensation.
C: Identify sources for earning income in addition to wages—e.g., rent, interest, dividends, profits and capital gains.
Concept 3: Taxes and Other Deductions
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Compare gross and net income.
B: Explain the purpose of standard deductions such as income taxes, Social Security (FICA), Medicare, and deductions for health care and retirement savings plans.
C: Explain how taxes provide public goods and services.
III: Buying Goods and Services: People choose which goods and services to buy. Informed decisions involve collecting information, planning and budgeting.
Concept 1: Creating a Budget
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Differentiate between income and expenses.
B: Analyze spending habits to recognize current spending and saving trends.
C: Create a budget that includes savings goals, emergency funds, fixed expenses and variable expenses.
D: Explain how budgeting for charitable giving may have tax benefits.
Under Development
E: Prioritize expenses and payment due dates.
Concept 2: Purchasing Items of High Value
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Conduct research on product options to plan future purchases such as a phone, car, home or vacation.
B: Evaluate product information for price, quality, service and features.
C: Describe effective responses to deceptive or fraudulent sales practices.
D: Identify payment methods.
E: Analyze the costs and benefits of different payment options.
Concept 3: Considering Alternative Goods and Services
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Evaluate substitutes when the price of goods or services exceeds your budget.
B: Compare the features, durability and maintenance costs of goods.
Concept 4: Selecting Financial Institutions
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Compare the services, service fees and requirements of various institutions such as banks, savings and loans, credit unions and virtual banks.
B: Calculate an account balance by recording deposits, withdrawals and debit transactions.
C: Analyze the costs and benefits of using or not using financial institutions and virtual exchanges.
D: Explain the importance of FDIC, NCUA and other security regulations to protect one's wealth in financial institutions.
IV: Saving: Saving is the part of income that people choose to set aside for future consumption or investment. Time, interest rates and inflation affect the value of savings.
Concept 1: Reasons for Saving
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Identify short, medium and long-term savings goals including large-value purchases, postsecondary education/training and retirement.
B: Develop a savings plan.
C: Explain the importance of a rainy-day fund for unexpected expenses.
D: Compare retirement savings options.
Concept 2: Interest on Savings
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Compare simple and compound interest.
B: Use the Rule of 72 to estimate how long it takes money to double.
C: Explain how the time value of money influences financial decision-making.
Concept 3: Saving Instruments
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Identify saving instruments such as certificates of deposit and savings accounts.
B: Compare the liquidity, interest payment or penalty of various savings instruments.
V: Using Credit: Credit allows people to purchase goods and services now and repay those costs in the future. Lenders approve or deny credit based on the borrower's creditworthiness.
Concept 1: Facets of Credit
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Analyze the difference between a credit and a debit account.
B: Compare sources of consumer credit such as credit cards, consumer loans, rent-to-own contracts, title loans and payday loans.
C: Evaluate the options for financing higher education.
D: Analyze various terms and conditions of credit cards and consumer loans.
E: Explain the purpose, functions and costs of a mortgage.
Concept 2: Interest on Credit
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Compare the cost of credit between financial institutions based on Annual Percentage Rate (APR), fees and penalties.
B: Calculate the total purchase price of a good or service including interest paid.
C: Explain the relationship between risk and interest, including creditworthiness and down payment.
D: Differentiate between secured and unsecured loans.
Concept 3: Credit Worthiness
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Evaluate factors that affect creditworthiness including paying on time and payment history.
B: Explain the purpose and components of credit records and credit history as provided by credit bureaus.
C: Identify ways to avoid and/or correct credit problems.
D: Analyze why credit scores may be used by entities such as employers, landlords and insurance companies.
E: Evaluate a credit report to verify accuracy.
F: Explain the importance of annually verifying one's credit report.
G: Explain the value of consumer credit protection laws.
Under Development
H: Explain responsibilities associated with the use of credit.
VI: Protecting and Insuring: People make choices to protect themselves against financial loss. They can accept risk, reduce risk or transfer risk through insurance.
Concept 1: Protecting Against Financial Risk by Insuring
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Analyze the personal financial risks that can occur when unexpected events damage health, home, property, wealth or future opportunities.
B: Explain how and why insurance companies create policies and determine premiums.
C: Analyze factors people use to choose insurance coverage.
D: Explain how personal behavior and risk impact insurance premiums.
E: Analyze health-insurance options to fund medical costs and preventive care.
Concept 2: Protecting Personal Identity
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Analyze federal and state regulations that provide remedies and assistance for identity theft.
B: Analyze how individuals can protect themselves from misuse of personal information and from identity theft online.
C: Discuss current ways to counter cyber-attacks and protect personal information.
VII: Financial Investing: Financial investment is the purchase of financial assets to build wealth. Investments with higher potential returns tend to carry greater risk.
Concept 1: Investment Instruments
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Compare various financial assets for their risk and rewards, such as stocks, bonds, mutual funds, real estate and commodities.
B: Explain the impact of capital gains, dividends, risk and stock value on corporate stock ownership.
C: Explain how the price of a financial asset is determined by the interaction of buyers and sellers in a financial market.
Concept 2: Relationship Between Risk and Reward
Standard
Defined by Personal Finance Course Level Expectations
Banzai Solutions
*Any of the activities below will satisfy the competency
A: Explain how the rate of return earned from investments will vary according to the amount of risk.
B: Explain how the rates of return on financial assets are influenced by buyers and sellers in financial markets.
C: Explain why an investment with greater risk, such as a penny stock, may have a lower market price but an uncertain rate of return.
D: Explain the risks and rewards of short-term and long-term investments.
E: Describe how diversification can lower investment risk.