Mississippi
9th-12th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the Personal Finance for 9th-12th Grade. Note, any one activity listed will satisfy the associated competency.
Mississippi Personal Finance Standards (2022)
1: Personal Decision-Making
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
1.2: Apply opportunity costs and trade-offs to personal decision-making. DOK2
1.4: Recognize and analyze the consequences of a decision. DOK2
1.1: Define and explain individual wants and needs. DOK1
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Define the following terms: Wants, Needs, Values, Goals, Scarcity, Opportunity costs, Trade-off.
b: Differentiate between wants and needs.
c: Identify the various factors that influence wants and needs.
1.3: Apply the steps of a decision-making process. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify and discuss the steps involved in the PACED decision-making process (P: Identify the problem; A: List alternatives; C: Select criteria; E: Evaluate alternatives based on criteria; D: Decide).
b: Apply the steps of the PACED decision-making process to a situation involving a personal financial decision.
2: Earning and Reporting Income
2.1: Differentiate between and give examples of earned and unearned income. DOK1
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify types of earned income (e.g., wages, salary, tips, commission).
b: Identify types of unearned income from government and private sources (e.g., transfer payments, interest, dividends, gifts).
c: Discuss variable income, such as that of an entrepreneur.
2.2: Discuss human capital and how personal choices influence income. DOK1
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Discuss how education, experiences, technology skills, and so forth affect future careers and income.
b: Identify the training and education necessary to obtain a desired job.
c: Identify and discuss the common challenges of citizens in low-income areas related to financial decision making and job placement (e.g., payday loans, staffing agencies, background checks, required drug tests).
Under Development
2.3: Differentiate between gross and net income. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Calculate gross income, including hourly wage, overtime, holiday pay, commission, and so forth.
b: Explain the various types of taxes and their impact on income and purchasing power.
c: Discuss and give examples of deductions (e.g., taxes, insurance).
d: Calculate net income.
2.4: Describe information and required forms relevant to the completion of state and federal income-tax forms. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Complete pre-employment forms, such as a W-4, a state tax form, and an I-9.
Under Development
b: Complete end-of-year tax returns (e.g., 1040, state tax form).
c: Discuss reasons why one would receive a W-2 or a 1099.
3: Banking and Financial Institutions
3.1: Identify the various types of financial institutions and list the basic products and services provided by those institutions. DOK1
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify and discuss various types of financial institutions (e.g., banks, credit unions, online banking).
b: List and describe the products and services provided by financial institutions (e.g., savings, checking, credit cards, loans, safe-deposit boxes).
3.2: Research and describe various concepts related to checking accounts. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify steps involved in opening a checking account.
b: Compare and contrast different types of checking accounts offered by various institutions.
c: Describe and demonstrate the steps involved in the bank-reconciliation process.
3.3: Identify and describe the various options for monetary transactions. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Discuss the various ways to deposit funds (e.g., deposit slip, online).
b: Demonstrate how to write and endorse a check.
Under Development
c: Differentiate among types of electronic monetary transactions (e.g., debit cards, ATM, direct deposit, online banking transfers).
d: Research and discuss new and emerging ways to transfer money (e.g., PayPal, Zelle, Venmo, ApplePay) and how they affect financial institutions.
e: Discuss other ways to transfer money (e.g., cashier's check, money order).
Under Development
4: Budgeting
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
4.1: Identify short- and long-term financial goals to construct a personal spending and/or savings plan. DOK1
4.2: Define and categorize fixed and variable expenses. DOK1
Under Development
4.3: Discuss and create a budget. DOK3
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Research budgeting applications and discuss the pros and cons of each.
Under Development
b: Identify various rules for budgeting to determine what percent of income is allocated to each type of expense.
c: Evaluate an example monthly statement/budget and identify income, fixed expenses, variable expenses, and so forth.
d: Create a monthly budget using a given scenario.
e: Discuss how income and spending patterns change throughout the life cycle.
5: Buying Goods and Services
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
5.1: Distinguish between goods and services. DOK1
Under Development
5.3: Research and identify various ways to purchase goods and services (e.g., online, storefronts, retail, wholesale). DOK1
5.6: Describe how to identify and report fraudulent behavior and practices when purchasing goods and services. DOK2
5.2: Apply comparison-shopping practices. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify differences between name-brand and generic items.
b: Demonstrate couponing and the use of various applications to help save money and compare prices.
5.4: Examine the impact of advertising and marketing on consumer demand and decision making in the global marketplace. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Discuss impulse buying and buyer's remorse.
b: Discuss influence of product placement, packaging, and other characteristics that influence purchasing.
5.5: Describe the role that supply and demand and market structure play in determining the availability and price of goods and services. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Define supply and demand and market structure.
Under Development
b: Discuss how these factors influence price and purchasing behavior.
Under Development
6: Saving and Investing
6.1: Compare saving and investing and apply principles to make decisions regarding each. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Differentiate between saving and investing.
b: Identify and discuss the advantages and disadvantages of various savings and investing plans.
c: Apply criteria for choosing a savings or investment instrument (e.g., market risk, inflation risk, interest-rate risk, liquidity, and minimum amount needed for investment).
6.2: Analyze and apply concepts about simple and compound interest. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Compare and contrast simple and compound interest and the impact each have on savings.
b: Analyze the power of compounding and the importance of starting early in implementing a plan for savings and investing.
c: Calculate and apply the Rule of 72.
d: Apply the concept of Time Value of Money.
6.3: Research and describe other considerations and items related to savings and investing. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Explain how and why the stock market functions.
b: Examine the fundamental workings of the Social Security System and the system's effects on retirement.
c: Discuss various items related to a monetary inheritance (e.g., financial implications, investment options, taxation).
Under Development
7: Using Credit
7.1: Investigate credit and the effects one's credit score has on financial decisions. DOK1
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Discuss the advantages and disadvantages of using credit.
b: Explain the need for a sound credit rating and the importance of annually monitoring one's own credit rating.
c: Read and interpret a credit report.
7.2: Research, discuss, and apply principles about loans. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Define interest as a cost of credit and explain why it is charged.
b: Explain how the amount of principal, the period of the loan, and the interest rate affect the amount of interest charged.
c: Calculate a payment schedule for a loan.
d: Evaluate various loan scenarios to discern the best option available (e.g., APR, cash back).
7.3: Research and discuss ways to identify and prevent identity theft related to credit cards and loans. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify the most common and current methods of identity theft to be aware of.
b: Analyze various real-life scenarios of identity theft and discuss how they could have been avoided.
8: Types of Insurance
8.1: Discuss risk and the role of insurance. DOK1
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Identify risks in life and how to protect against the consequences of those risks.
b: Explain the role of insurance in financial planning as a wealth-building and wealth preservation tool.
8.2: Identify and discuss the various types of insurance and basic insurance concepts. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Define basic insurance terms (e.g., deductible, premium).
b: Identify the various types of insurance and the legal expectations for certain ones.
8.3: Explain how insurance needs vary among individuals, families, and seasons of life. DOK2
Standard
Defined by Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
a: Discuss the various factors that influence choice of insurance type and amount.
b: Develop a recommended insurance coverage for a given scenario with various factors, including family/individual, income, and age.