Personal Finance and Money Management (#2102371) (2026-)

Other Florida Social Studies sets

• Grade K
• Kindergarten: Access Points
• Grade 1
• Grade 1: Access Points
• Grade 2
• Grade 2: Access Points
• Grade 3
• Grade 3: Access Points
• Grade 4
• Grade 4: Access Points
• Grade 5
• Grade 5: Access Points
• Grade 6
• Grade 6: Access Points
• Grade 6: World History
• Grades 6-8: Access Points
• Grade 7
• Grade 7 (Civics and Government)
• Grade 7: Access Points
• Grade 7: Civics
• Grade 8
• Grade 8: Access Points
• Grade 8: US History
• Grades 9-12: Access Points
• Grades 9, 10, 11, 12
• World Cultural Geography

 Identify the factors of production and why they are necessary for the production of goods and services.SS.912.E.1.1

Instruction includes how values may vary from person to person.

Instruction includes how societal values impact personal financial decisions.

Instruction includes biases such as loss aversion, the endowment effect, herd mentality, anchoring, and present bias.

Instruction includes the identification of non-income factors and the importance of these factors as compared to potential income.

Instruction includes the ways that an individual can earn income: full-time employee, part-time employee, self-employment, investment, or passive income.

Instruction includes comparing the benefits, costs, and the return on investment of a college education to those of a technical school.

Instruction includes comparing the unemployment rates of workers with different levels of education.

Instruction includes various career pathways including those that do not require college attendance. 

Instruction includes the identification of the governmental agency that receives tax revenue for a specific tax.

Instruction includes the identification of the use of specific tax revenues.

Instruction includes the major types of taxes: income, payroll, property, and sales tax.

Instruction includes understanding the differences between interest, dividends, and capital gains.

Instruction includes tax rates on earned income, interest, and capital gains.

Instruction includes how federal tax brackets illustrate a progressive tax and a sales tax is viewed as a regressive tax as well as the differences between each type of tax.

Instruction includes types of goods that are subject to sales taxes and those that are exempt.

Instruction includes evaluating the benefits and costs of entrepreneurship.

Instruction includes identifying the roles and characteristics of an entrepreneur and understanding that taking on risk is an implicit part of being an entrepreneur.

Instruction includes understanding how owning a small business can be a person’s primary career or can supplement income from other sources.

Instruction includes the tax implications of being an entrepreneur such as the self-employment tax.

Instruction includes understanding the motivating factors for being self-employed or working as an independent contractor in the “gig” economy.

Describe how Social Security is funded and the benefit it provides to retirees. SS.912.FL.2.11

Instruction includes the identification of various payroll taxes and withholdings (e.g., Social Security, Medicare, federal withholding, etc.).

Instruction includes formally (using tax tables) and informally (estimating) calculating taxes.

Instruction includes understanding why calculating one’s taxes may differ from the government’s calculations.

Instruction includes understanding that states, counties, and municipalities may have different tax rates and taxes.

Instruction includes understanding that local taxes are dedicated to a particular use, such as schools or local infrastructure projects.

Instruction includes the comparison of consumer decisions to purchase a similar item.

Instruction includes understanding the different ways retailers express the prices of their products.

Explain that people may choose to donate money to charitable organizations and other not-for-profit organizations because they gain satisfaction from donating. SS.912.FL.3.6

Instruction includes understanding various forms of payments and associated costs: cash, checks, debit cards, credit cards, mobile payments, prepaid cards, buy now pay later, layaways, and rent to own.

Instruction includes understanding that while the seller of a good being purchased may not explicitly charge the consumer, the consumer may bear a portion of the fees by paying a higher price.

Instruction includes developing budgets with fixed and variable expenses, unexpected expenses (including emergency funds) and savings.

Instruction includes understanding that budgets can be developed using paper, digital spreadsheets, websites, mobile phone applications, or using other financial applications.

Instruction includes common contracts such as cell phone plans, leases of apartments or homes, car leases, car purchases, and mortgages.

Instruction emphasizes that contracts are legally binding and breaking a contract may have consequences.

Instruction includes understanding terms and conditions may include, but are not limited to, duration, termination, payment terms, dispute resolution, privacy and sharing of personal information.

Instruction emphasizes that users may be entering into a contract when agreeing to terms and conditions on webpages or applications.

Instruction includes identifying consumer-advocacy agencies (e.g., Consumer Financial Protection Bureau (CFPB), Better Business Bureau (BBB), Chamber of Commerce, Florida Department of Agriculture and Consumer Services, and Federal Trade Commission (FTC)).

Instruction includes the functions of each account (checking, savings, money markets, and certificates of deposit (CDs)), and the advantages and disadvantages of each.

Instruction includes credit unions, commercial banks, traditional banks, and online banks.

Instruction includes understanding the process for opening and managing a bank account.

Instruction includes online banking, minimum balance requirements, monthly fees, overdraft penalties, and interest rates.

Instruction includes understanding the different components of an account, such as the routing number and the account number.

Instruction includes understanding that account holders should regularly check the deposits and withdrawals to the accounts to ensure that these transactions were authorized by the account holder, in addition to checking for any fees charged and whether appropriate interest was credited to the account.

Instruction includes the benefits and drawbacks of saving and spending in various situations.

Instruction includes understanding the role that government agencies charged with regulating financial institutions play in helping to protect the safety, soundness, and legal compliance of the nation’s banking system.

Instruction includes the purpose and function of the following agencies: Federal Reserve, Office of the Comptroller of the Currency, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and state banking departments.

Instruction includes the use of APR, initial fees, late fees, nonpayment fees, and other relevant information to compare the cost of credit from various sources for the purchase of a product.

Instruction includes the motivating factors for a bank offering low-rate introductory credit offers.

Instruction includes understanding the possible negative impacts of low-rate introductory credit offers on consumers.

Instruction includes explaining why secured loans are viewed as having less risk and why lenders charge a lower interest rate than they charge for unsecured loans.

Instruction includes understanding unsecured versus secured credit cards.

Instruction includes how a down payment reduces the total amount financed and why this reduces the monthly payment and/or the length of the loan.

Instruction includes understanding why a borrower who has made a down payment has an incentive to repay a loan or make payments on time.

Instruction includes discussing why people make a down payment and why lenders may consider loans made with a down payment to have less risk.

Instruction includes understanding that credit bureaus record borrowers’ credit and payment histories, and provide that information to lenders in credit reports.

Instruction includes the different aspects of a loan application, which include its basic requirements, limits, and credit check.

Instruction includes understanding the typical choices made on a car loan such as amount of down payment, interest rate, term of loan, and monthly payment.

Instruction includes understanding a credit score and what it indicates about a borrower.

Instruction includes understanding that while credit cards are useful for making purchases, interest rates on credit card loans are generally higher than other types of loans and may also have additional fees.

Instruction includes understanding that credit card interest rates are higher for people considered to have a higher risk of nonpayment as determined by their credit scores.

Describe that, in addition to assessing a person’s credit risk, credit reports and scores may be requested and used by employers in hiring decisions, property owners in deciding whether to rent apartments, and insurance companies in charging premiums.  SS.912.FL.5.9

Examine the fact that failure to repay a loan has significant consequences for borrowers such as negative entries on their credit report, repossession of property (collateral), garnishment of wages, and the inability to obtain loans in the future.  SS.912.FL.5.10

Instruction includes identifying the costs and benefits associated with using different credit counseling services.

Instruction includes understanding the impact of filing for bankruptcy on an individual’s credit report.

Instruction includes understanding factors related to mortgage lending: down payment, fixed vs. variable rates, and insurance requirements.

Instruction includes understanding lending laws: provision of full disclosure of credit terms, discriminatory lending practices, abusive marketing practices, and debt collection.

Instruction includes understanding why it is important to check the accuracy of the information recorded on a credit report and knowing what steps to take to correct errors on credit reports.

Instruction includes understanding that credit report errors may increase the cost of credit.

Instruction includes understanding the process and importance of completing the Free Application for Federal Student Aid (FAFSA).

Instruction includes identifying scholarships and grants for which an individual student may be eligible.

Instruction includes understanding Parent Loan for Undergraduate Students (PLUS) loans, private student loans, direct subsidized loans, and direct unsubsidized loans.

Instruction includes understanding the long-term costs of student loans such as accrued interest during periods of deferment or forbearance.

Instruction includes understanding that each investment has its own risk, and the consumer must decide whether the risk is worth the reward by examining available data.

Instruction includes discussing tax implications of each type of investment.

Instruction includes discussing costs and fees associated with different types of investments. These costs and fees may include, but are not limited to, management fees, commissions, and annual expense ratios.

Instruction includes understanding that an investment with greater risk than another investment may have a lower market price, and therefore a higher rate of return, than the other investment.

Instruction includes understanding why a financial advisor might encourage a client to include stocks, bonds, and real estate assets in his or her portfolio.

Instruction includes understanding how the portfolio of a retiree might differ from that of a young, single person.

Instruction includes understanding why it is important for individuals to have accurate information about a company’s sales and profits when investing in that company.

Compare the Securities and Exchange Commission (SEC), the Federal Reserve, and other government agencies that regulate financial markets.  SS.912.FL.6.12

Instruction includes understanding that each account that holds an investment has its own risk, and the consumer must decide whether the risk is worth the reward.

Instruction includes analyzing the advantages and disadvantages of each account that holds an investment.

Instruction includes understanding various investment applications (mobile applications) that may be used to hold investment accounts.

Instruction includes understanding the dollar price of a digital currency can be very volatile as it depends on the digital currency’s supply and demand.

Instruction includes understanding that a digital currency is a digital asset secured by cryptography and recorded on a block chain that may be used to send or receive payments on the internet.

Instruction includes understanding reasons for the use of digital currency: financial privacy concerns, international payments, the ability to execute smart contracts, and speculation.

Instruction includes understanding self-insurance and the practice of having an emergency fund.

Instruction includes understanding the potential effects on premium costs if in an emergency fund.

Instruction includes understanding that insurance companies allow the risk of loss to be spread amongst all policyholders.

Describe why people choose different amounts of insurance coverage based on their willingness to accept risk, as well as their occupation, lifestyle, age, financial profile, and the price of insurance. SS.912.FL.7.4

Instruction includes understanding why homeowners’ insurance is required by a lender when a homeowner takes out a mortgage.

Instruction includes understanding that having insurance may result in the policyholder taking more risks.

Instruction includes understanding that deductibles and copayments are cost-sharing features that encourage the policyholder to take steps to reduce the potential size of an insurance claim. 

Instruction includes factors that potentially lower insurance rates such as taking a safe-driving course to lower auto insurance cost or lower health insurance premiums for non-smokers.

Instruction includes understanding multiple types of insurance: health, disability, long-term care, travel, auto, renter, life, homeowner, and property and casualty.

Instruction includes comparing the coverage and costs of hypothetical plans for a set of scenarios utilizing various types of insurance.

Instruction includes understanding that workers’ compensation is a government-mandated program that provides benefits to workers that become injured or ill on a job or because of the job.

Instruction includes describing problems that can occur when an individual is a victim of identity theft.

Instruction includes giving specific examples of how online transactions, online banking, email frauds, and telemarketing calls can make consumers vulnerable to identity theft.

Instruction includes describing the conditions under which individuals should and should not disclose their Social Security number, account numbers, or other sensitive personal information.

Instruction includes recommending actions a victim of identity theft should take to limit losses and restore personal security.

Instruction includes understanding that employers may check a prospective employee’s digital footprint as part of the hiring process.

Instruction includes understanding that an inheritance is money or assets a person has been bequeathed when someone passes.

Instruction includes creating a detailed plan for an inheritance.

Instruction includes understanding the impact to one’s taxes from receiving an inheritance.

Instruction includes economic theories (e.g., on private enterprise, capitalism, private property, “despotic inroads on the rights of property,” taxes, inheritance, “equal liability for all to work”).

Instruction includes political theories (e.g., dialectical materialism, all history is “class struggles,” oppressor and oppressed political change through revolution and violence).

Instruction includes social theories (e.g., “forcible overthrow of all existing social conditions,” abolition of the nuclear family, marriage, religion, education).

Instruction includes the methods Marx determined were necessary to achieve communism (e.g., violence, revolution and the dismantling of all existing social conditions, abolition of private property, forced labor).

Describe how propaganda is used to create a “cult of personality” for communist leaders.  SS.912.HC.3.2

Instruction includes the role of personal incentives in promoting and achieving economic prosperity.

Instruction includes how an individual’s economic prosperity leads to societal economic prosperity.

Instruction includes the economic disparity between nations with property rights and those without property rights using gross domestic product per capita.

Instruction includes the reasons for Plymouth Plantation moving from a communal society to one of private ownership (e.g., the free-rider problem, Governor William Bradford’s Of Plymouth Plantation).

Instruction includes Enlightenment philosophers who influenced the Founders conception of economic freedom (e.g., John Locke, Adam Smith, John Trenchard, Thomas Gordon).

Instruction includes the role of Federalist No. 14 in determining the economic system of the United States.

Instruction includes taking into consideration the annual percentage rate (APR) when comparing simple and compound interest.

Within the Algebra 1 course, interest is limited to simple and compound.

Instruction includes advantages and disadvantages for a business and for an individual.

Personal financing options include debit cards, credit cards, installment plans and loans.

Instruction includes the comparison of different plans to pay off the debt.

Instruction includes pay off plans for a business and for an individual.

Simulate the purchase of a stock portfolio with a set amount of money, and evaluate its worth over time considering gains, losses and selling, taking into account any associated fees. MA.912.FL.4.6

Actively participate in effortful learning both individually and collectively. Mathematicians who participate in effortful learning both individually and with others: o Analyze the problem in a way that makes sense given the task. o Ask questions that will help with solving the task. o Build perseverance by modifying methods as needed while solving a challenging task. o Stay engaged and maintain a positive mindset when working to solve tasks. o Help and support each other when attempting a new method or approach.  MA.K12.MTR.1.1

Teachers who encourage students to participate actively in effortful learning both individually and with others: 

Teachers who encourage students to demonstrate understanding by representing problems in multiple ways: 

Teachers who encourage students to complete tasks with mathematical fluency:

Teachers who encourage students to engage in discussions that reflect on the mathematical thinking of self and others:

Teachers who encourage students to use patterns and structure to help understand and connect mathematical concepts:

Teachers who encourage students to assess the reasonableness of solutions:

Teachers who encourage students to apply mathematics to real-world contexts: 

K-1 Students include textual evidence in their oral communication with guidance and support from adults. The evidence can consist of details from the text without naming the text. During 1st grade, students learn how to incorporate the evidence in their writing.

2-3 Students include relevant textual evidence in their written and oral communication. Students should name the text when they refer to it. In 3rd grade, students should use a combination of direct and indirect citations. 

4-5 Students continue with previous skills and reference comments made by speakers and peers. Students cite texts that they’ve directly quoted, paraphrased, or used for information. When writing, students will use the form of citation dictated by the instructor or the style guide referenced by the instructor.

6-8 Students continue with previous skills and use a style guide to create a proper citation.

9-12 Students continue with previous skills and should be aware of existing style guides and the ways in which they differ. 

See Text Complexity for grade-level complexity bands and a text complexity rubric. 

Students will make inferences before the words infer or inference are introduced. Kindergarten students will answer questions like “Why is the girl smiling?” or make predictions about what will happen based on the title page. Students will use the terms and apply them in 2nd grade and beyond. 

In kindergarten, students learn to listen to one another respectfully. 

In grades 1-2, students build upon these skills by justifying what they are thinking. For example: “I think ________ because _______.” The collaborative conversations are becoming academic conversations.

In grades 3-12, students engage in academic conversations discussing claims and justifying their reasoning, refining and applying skills. Students build on ideas, propel the conversation, and support claims and counterclaims with evidence.

Students will incorporate skills learned into work products to produce quality work. For students to incorporate these skills appropriately, they must receive instruction. A 3rd grade student creating a poster board display must have instruction in how to effectively present information to do quality work. 

In kindergarten and 1st grade, students learn the difference between formal and informal language. For example, the way we talk to our friends differs from the way we speak to adults. In 2nd grade and beyond, students practice appropriate social and academic language to discuss texts.

English language learners communicate information, ideas and concepts necessary for academic success in the content area of Mathematics.  ELD.K12.ELL.MA.1

English language learners communicate information, ideas and concepts necessary for academic success in the content area of Social Studies.  ELD.K12.ELL.SS.1