Washington
12th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the State Learning Standards: Financial Education for 12th Grade. Note, any one activity listed will satisfy the associated competency.
12.SS: Spending and Saving
Develop a plan for spending and saving.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
1: Specify how monetary and non-monetary assets can contribute to net worth.
2: Investigate changes in personal spending behavior that contribute to wealth building.
Develop a system for keeping and using financial records.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
3: Differentiate between an expense that is tax deductible and one that is not.
4: Devise a system to retain evidence of tax-deductible expenditures.
5: Investigate the records required to claim possible tax deductions or credits.
Under Development
Describe how to use different payment methods.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
6: Compare the features and costs of online and mobile bill payment services offered by different institutions.
7: Compare the costs of cashing a check with various third parties, such as banks and credit unions, check-cashing services, and retail outlets.
8: Demonstrate how to schedule and manage bill payments.
9: Write a check.
Under Development
10: Reconcile the balance of a checking account and verify the balance of a debit account.
11: Explain how to verify printed and online account statements for accuracy.
Apply consumer skills to spending and saving decisions.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
12: Demonstrate how to use comparison shopping skills to buy or finance a major purchase.
13: Compare the advantages and disadvantages of owning a house versus renting a house.
14: Evaluate specific charities based on purpose, management, outcomes or results, and reputation.
Under Development
12.CD: Credit and Debt
Analyze the costs and benefits of various types of credit.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
1: Explain how credit card grace periods, methods of interest calculation (e.g., annual percentage rate) and fees affect borrowing costs.
2: Categorize the types of information needed when applying for credit.
3: Illustrate the total cost of reducing a credit card balance to zero with minimum payments versus above-minimum payments, all other terms being equal and no further purchases being made.
4: Decide the most cost-effective loan option for paying for a car.
5: Compare alternatives to loans as a means of paying for postsecondary education.
6: Predict the potential consequences of deferred payment of student loans.
7: Differentiate between adjustable- and fixed-rate mortgages.
8: Explain the effect of debt on a person's net worth.
Summarize a borrower's rights and responsibilities related to credit reports.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
9: Summarize online information about the Fair Credit Reporting Act.
10: Explain the usefulness of credit reports to borrowers and to lenders.
11: Give examples of permissible uses of a credit report other than granting credit.
12: Identify the primary organizations that maintain and provide consumer credit records.
13: Categorize the information in a credit report and how long it is retained.
14: Investigate ways that a negative credit report can affect a consumer's options.
15: Outline the process of disputing inaccurate credit report data.
16: Summarize factors that affect a particular credit scoring system.
17: Predict how a credit score affects creditworthiness and the cost of credit.
Apply strategies to avoid or correct debt management problems.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
18: Develop a personal financial plan to manage debt, including working directly with lenders.
19: Examine or research the types of services that financial institutions or consumer credit counseling agencies offer for debt restructuring.
20: Investigate the purpose of bankruptcy and its possible negative effects on assets, employability, and credit cost and availability.
21: Investigate how student loan obligations differ from other kinds of debt.
Summarize major consumer credit laws.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
22: Summarize online information about the Equal Credit Opportunity Act.
Under Development
23: Research online information about consumer credit rights available from the Federal Trade Commission.
Under Development
24: Give examples of how the Consumer Financial Protection Bureau protects borrowers and provides information about credit issues.
Under Development
25: Research state agencies with responsibility for consumer protection.
Under Development
26: Describe debtors' and creditors' rights related to wage garnishment and repossession when an overdue debt is not paid.
Under Development
27: Give examples of legal, illegal, and fraudulent debt collection practices covered by the Fair Debt Collection Practices Act.
Under Development
12.EI: Employment and Income
Explore job and career options.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
1: Revise a career plan that aligns with personal interests, financial goals, and desired lifestyle.
2: Develop a résumé and cover letter for a specific job of interest.
Compare sources of personal income and compensation.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
3: Analyze employee benefits and explain why they are forms of compensation.
4: Differentiate between required employer contributions and additional benefits that an employer might offer.
5: Analyze the monetary and non-monetary value of employee benefits in addition to wages and salaries.
6: Calculate the future income needed to maintain a current standard of living.
7: Identify typical sources of income in retirement.
Analyze factors that affect net income.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
8: Revise IRS form W-4 (Employee's Withholding Allowance Certificate) to determine the optimal amount to withhold for personal income tax.
Under Development
9: Analyze circumstances that would call for the adjustment of the income tax withholding allowance.
Under Development
10: Examine the benefits of participating in employer-sponsored retirement savings plans and health care savings plans.
12.I: Investing
Explain how investing may build wealth and help meet financial goals.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
1: Compare strategies for investing as part of a comprehensive financial plan.
2: Describe the importance of various sources of income in retirement, including Social Security, employer-sponsored retirement savings plans, and personal investments.
Evaluate investment alternatives.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
3: Differentiate between diversification and asset allocation.
4: Compare fees for buying, owning, and selling stocks, bonds, and mutual funds.
5: Investigate reasons to use retirement savings plans and health savings accounts.
6: Compare the advantages of taxable, tax-deferred, and tax-advantaged investments for new savers, including Roth IRAs (individual retirement accounts) and employer-sponsored savings plans.
Demonstrate how to buy and sell investments.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
7: Give examples of how economic conditions and business factors affect the market value of a stock.
8: Use various sources of information, including prospectuses, online resources, and financial publications to gather data about specific investments.
9: Devise evaluation strategies, including risk tolerance, for selecting investments that meet the objectives of a personal financial plan.
10: Analyze the advantages and disadvantages of buying and selling investments through various channels including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchase.
Investigate how agencies protect investors and regulate financial markets and products.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
11: Identify warning signs of investment fraud.
12: Identify steps and resources a consumer can take to prevent investment fraud.
13: Identify the roles of the Securities and Exchange Commission, Washington Department of Financial Institutions, and Consumer Financial Protection Bureau in addressing investment fraud.
Under Development
12.RM: Risk Management and Insurance
Identify common types of risks and basic risk management methods.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
1: Research insurance for the types of risks that young adults might face after graduation.
2: Investigate consequences of insurance fraud.
Under Development
3: Describe the functions of the agency or agencies that regulate insurance in one's state of residence.
Under Development
Justify reasons to use property and liability insurance.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
4: Calculate payment expected on an auto insurance claim after applying exclusions and deductibles.
5: Identify the factors that influence the cost of homeowners' insurance.
Under Development
6: Analyze the factors that influence the cost of renters' insurance.
Justify reasons to use health, disability, long-term care, and life insurance.
Standard
Defined by State Learning Standards: Financial Education
Banzai Solutions
*Any of the activities below will satisfy the competency
7: Analyze the conditions under which it is appropriate for young adults to have health, disability, or life insurance.
8: Investigate health, dental, and vision insurance coverage options.
9: Identify government programs that provide financial assistance for income loss due to illness, disability, or premature death.