Pennsylvania
9th-12th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the Academic Standards for Personal Finance for 9th-12th Grade. Note, any one activity listed will satisfy the associated competency.
Academic Standards for Personal Finance, grouped by grade band with standard sections
17.1: Personal Finance Fundamentals
Standard
Defined by Academic Standards for Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
17.1.9-12.A: Determine the financial impact of various long-term goals (e.g., lifestyle, family, education).
17.1.9-12.B: Apply a systematic decision-making process, including opportunity costs, to setting and achieving financial goals.
17.1.9-12.C: Analyze the impact of various factors on a person's financial mindset and decisions.
17.1.9-12.D: Evaluate strategies for dealing with behavioral biases (E.G., LOSS AVERSION, EXPERIENTIAL BIAS, MENTAL ACCOUNTING) and other obstacles to managing personal finances.
17.1.9-12.E: Assess the value of sharing financial goals and information with others.
17.1.9-12.F: Compare various financial service providers (e.g., banks, credit unions, check cashers, brokerage firms) and the types of accounts and services each provides.
17.1.9-12.G: Communicate the process of opening financial accounts and the factors to consider when selecting financial institutions and professionals.
17.1.9-12.H: Evaluate the use of financial technology to access financial services and make financial decisions.
17.1.9-12.I: Develop a system for documenting and organizing personal financial records, both paper and electronic.
17.1.9-12.J: Explain the financial implications of wills, powers of attorney, and naming beneficiaries for various accounts.
Under Development
17.1.9-12.K: Explain the role of various state and federal financial regulators and consumer protection agencies.
Under Development
17.1.9-12.L: Describe the issues addressed by various laws and regulations that impact or safeguard a person's finances.
Under Development
17.2: Income
Standard
Defined by Academic Standards for Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
17.2.9-12.A: Explain various types of income (e.g., earned, unearned, passive, active) and their sources (e.g., work, rentals, investments, government programs).
Under Development
17.2.9-12.B: Describe sources of retirement income and how they relate to individual investment choices, employer-sponsored retirement plans, and government programs.
17.2.9-12.C: Use data to support an individual's decision to obtain or forgo post-secondary education based on the associated costs and anticipated future income.
17.2.9-12.D: Research options to pay for education and training, ways to reduce the total cost, and steps needed to obtain financial aid.
17.2.9-12.E: Evaluate the impacts of technology, labor markets, and economic conditions and trends on a person's employment potential.
17.2.9-12.F: Explain the impact of employee benefits (e.g., health insurance, retirement savings plans, education reimbursement programs) on an individual's finances.
17.2.9-12.G: Analyze the financial impact of a person's decision to own a business, work as an independent contractor, or be employed.
17.2.9-12.H: Calculate the impact of taxes and payroll deductions on income.
Under Development
17.2.9-12.I: Complete various federal, state, and local tax forms.
Under Development
17.3: Spending
Standard
Defined by Academic Standards for Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
17.3.9-12.A: Develop a process for making informed spending decisions, including factors to consider (e.g., product features, price, durability, environmental or societal impact, reliability of information).
Under Development
17.3.9-12.B: Compare ways people can lower the price they pay for goods and services (e.g., online tools, discount retailers, negotiating, secondhand items).
Under Development
17.3.9-12.C: Develop a personal approach to keeping track of income and spending.
17.3.9-12.D: Evaluate various budgeting approaches (e.g., 50-30-20, zero-based) and methods (e.g., envelope system, spreadsheets, online tools).
17.3.9-12.E: Create a personal budget to allocate current or future income, including estimates for fixed and variable expenses.
17.3.9-12.F: Identify methods for adjusting a budget for unexpected expenses or loss of income.
17.3.9-12.G: Compare the effects of using various payment methods when making purchases.
17.3.9-12.H: Compare various approaches to paying bills, including making automated payments and ensuring bills are paid on time.
17.3.9-12.I: Describe the impact of technology on payment methods and how it influences spending.
Under Development
17.3.9-12.J: Analyze a housing decision, including comparing renting and buying, upfront and ongoing costs, and the process of obtaining a mortgage or a lease.
17.3.9-12.K: Justify the purchase or lease of a vehicle and the alternatives considered (e.g., new versus used, total cost of ownership or use).
17.3.9-12.L: Analyze the impact of paying sales, excise, and property taxes on financial decisions.
17.3.9-12.M: Justify a decision to participate in or forgo a fundraising effort based on the organization and cause.
Under Development
17.4: Saving & Investing
Standard
Defined by Academic Standards for Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
17.4.9-12.A: Calculate a person's net worth given their assets and liabilities.
17.4.9-12.B: Develop a savings plan for accomplishing personal short- and long-term financial goals.
17.4.9-12.C: Compare the features of various savings vehicles (e.g., savings accounts, certificates of deposit, money market accounts) and the interest rates offered by several institutions.
17.4.9-12.D: Explain factors that contribute to rates of return for various investments, including risk, inflation, and taxes.
17.4.9-12.E: Explain the similarities and differences between stocks, bonds, mutual funds, and exchange-traded funds, and the factors that influence price fluctuations for each.
17.4.9-12.F: Describe factors to consider when selecting sources of investment advice and trading methods (e.g., online trading platforms, financial advisors, robo-advisors).
17.4.9-12.G: Explain how popular benchmark indices are used.
17.4.9-12.H: Recommend an investment portfolio diversified to meet specific goals, including purpose, starting age, time horizon, and tolerance for risk.
17.4.9-12.I: Compare retirement-specific investment options, including employer-sponsored plans, Roth and traditional individual retirement accounts, and accounts available to people who are self-employed.
17.4.9-12.J: Analyze personal attitudes towards risk and how these might impact future investment decisions and outcomes.
17.4.9-12.K: Describe methods to avoid or counteract the potentially negative impacts of behavioral biases (E.G., LOSS AVERSION, HERDING, CHOICE OVERLOAD) on investment decisions.
17.5: Risk & Insurance
Standard
Defined by Academic Standards for Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
17.5.9-12.A: Evaluate a person's potential for financial risk (e.g., loss of personal property, reduction in income, liability).
17.5.9-12.B: Critique approaches to avoiding, reducing, retaining, and transferring risk given a particular scenario.
17.5.9-12.C: Formulate insurance recommendations based on individual needs, situations, and preferences, including but not limited to automotive, homeowners, renters, health, life, and disability, as justified.
17.5.9-12.D: Use information from various sources to compare insurance providers, plans, and prices.
17.5.9-12.E: Formulate a process of comparing insurance products, determining out-of-pocket costs, and filing claims.
17.5.9-12.F: Describe circumstances in which a person may be required to show proof of insurance or obtain a minimum amount of coverage.
17.5.9-12.G: Evaluate the impact of public insurance programs for individuals facing financial hardship (e.g., Medicare, Medicaid, and unemployment).
Under Development
17.5.9-12.H: Analyze trends in financial fraud and strategies to avoid becoming a victim.
17.5.9-12.I: Research the agencies individuals can contact and steps they can take to address financial fraud and scams, including identity theft.
17.6: Credit
Standard
Defined by Academic Standards for Personal Finance
Banzai Solutions
*Any of the activities below will satisfy the competency
17.6.9-12.A: Evaluate pathways to obtaining credit and what lenders look for in a borrower (e.g., character, capacity, capital, collateral).
17.6.9-12.B: Describe how credit reports and scores are determined, used, and improved.
17.6.9-12.C: Compare various forms of credit and how each is used (e.g., secured and unsecured loans, installment and revolving credit, service credit).
17.6.9-12.D: Analyze the use of loans to finance higher education and home purchases, how they are obtained, and options for paying them back.
17.6.9-12.E: Calculate the total cost of credit given a variety of situations (e.g., making minimum payments, paying fees, using alternative financial service providers).
17.6.9-12.F: Describe the consequences of failing to repay debts and sources of debt management assistance.
17.6.9-12.G: Evaluate various rights and laws related to credit and their impact on consumers.
Under Development