The following chart outlines the knowledge and skills that students should possess at different grade levels.
| Identify the different types and denominations of money. |
Make a short or intermediate financial goal for themselves. |
Complete simple income tax forms. |
| Know about checks and ATM cards—and that you must have money in your account to use them. |
Identify examples of taxes on income, goods and services. |
Reconcile a checking account statement. |
| Understand the concept of borrowing money and paying it back. |
Calculate simple interest (math teachers come in handy here, too!). |
Compare risks and returns on various savings and investment options. |
| Compare the advantages and disadvantages of keeping their savings in a piggy bank, credit union or with their parents. |
Develop and revise a budget. |
Understand how creditors use credit reports. |
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Compare Annual Percentage Rates (APRs). |
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Identify the balance owed, the grace period and due date on a credit card statement. |
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