Money Management(MM)

  • 1.

    Calculating independent living costs4.MM.1

    1. A.

      Learn how spending, saving, and values impact finances.4.MM.A

    2. B.

      Set financial goals.4.MM.B

    3. C.

      Apply strategies to assist with spending decisions.4.MM.C

    4. D.

      Create a spending plan.4.MM.D

    5. E.

      Maintain a positive cash flow. 4.MM.E

    6. F.

      Discuss what a contract is and different types of contracts that students may encounter.4.MM.F

Credit(C)

  • 1.

    Understanding credit.4.C.1

    1. A.

      Weigh the benefits and risks of borrowing.4.C.A

    2. B.

      Compare the costs and terms.4.C.B

    3. C.

      Explain how to establish a good credit rating.4.C.C.

    4. D.

      Examine the rights and responsibilities of borrowers and lenders.4.C.D.

    5. E.

      Demonstrate how to protect oneself from identity fraud.4.C.E

Earning Power(EP)

  • 1.

    Career and Income4.EP.1

    1. A.

      Explore the payoffs of investing in yourself.4.EP.A

    2. B.

      Measure the value of employee benefits.4.EP.B

    3. C.

      Understand factors that impact personal tax liability and take home pay.4.EP.C

    4. D.

      Achieving your lifestyle and financial goals.4.EP.D

    5. E.

      How to deal with life and work changes.4.EP.E

Savings and Investing(SI)

  • 1.

    Budgeting and Financial Planning4.SI.1

  • 2.

    Managing Savings and Checking Accounts4.SI.2

    1. A.

      Explore how saving and investing can be used to build wealth.4.SI.A

    2. B.

      Explore how investing works.4.SI.B

    3. C.

      Explore the risks and rewards of several types of investments.4.SI.C

    4. D.

      Outline strategies to achieve investing goals.4.SI.D

    5. E.

      Outline a long range investment game plan.4.SI.E

Financial Services(FS)

  • 1.

    Financial Responsibility and Decision Making4.FS.1

  • 2.

    Managing Savings and Checking Accounts4.FS.2

    1. A.

      Explain how services are used to handle business transactions.4.FS.A

    2. B.

      Select banking tools and technology to handle personal business transactions.4.FS.B

    3. C.

      Protect your personal account information4.FS.C

    4. D.

      Select a financial service provider4.FS.D

    5. E.

      Demonstrate how to manage spending and banking transactions.4.FS.E

Insurance(I)

  • 1.

    Understanding Insurance4.I.1

    1. A.

      Justify reasons to be insured4.I.A

    2. B.

      Investigate how insurance works.4.I.B

    3. C.

      Choose insurance for specific needs and situations4.I.C

    4. D.

      Compare auto insurance options.4.I.D

    5. E.

      Plan ahead to minimize insurance costs and costs of unexpected events.4.I.E

Taxes(T)

  • 1.

    Personal Taxes4.T.1

  • 2.

    Preparing Tax Returns4.T.2

    1. A.

      Identify and explain the purpose of taxes including vocabulary used with tax forms, types of taxes, assessment of taxes.4.T.A

    2. B.

      Understand withholding forms, federal and state income tax forms.4.T.B

    3. C.

      Understand taxes specific to the geographical area, deadlines, and penalties.4.T.C

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
Where can I read the official document?
South Carolina High School Credential