Personal+Financial+Literacy

"Successful money management is a disciplined behavior and much easier when learned earlier in life. The fourteen areas of instruction designated in the //Passport to Financial Literacy Act of 2007// (70 O.S. § 11-103.6h) are designed to provide students with the basic skills and knowledge needed to effectively manage their personal finances. This systematic way of making personal financial decisions will provide students a foundational understanding for making informed and successful personal financial decisions." re: Oklahoma State Department of Education

Real world topics covered by these standards include the following:


 * 1) Earning an income;
 * 2) Understanding state and federal taxes;
 * 3) Banking and financial services;
 * 4) Balancing a checkbook;
 * 5) Savings and investing;
 * 6) Planning for retirement;
 * 7) Understanding loans and borrowing money, including predatory lending and payday loans;
 * 8) Understanding interest, credit card debt, and online commerce;
 * 9) Identity fraud and theft;
 * 10) Rights and responsibilities of renting or buying a home;
 * 11) Understanding insurance;
 * 12) Understanding the financial impact and consequences of gambling;
 * 13) Bankruptcy; and
 * 14) Charitable giving.

**Students are spending WEDNESDAY of each week in the computer lab completing the A+ Personal Finance Lessons.**
This week we have started learning how to keep a checkbook register, write checks, and then reconcile the checkbook. Let's learn to keep track of that money!