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Texas Essential Knowledge and Skills (TEKS)

Personal Financial Literacy

Grade: 7th Grade
Standard:

7.4.D

Description:

solve problems involving ratios, rates, and percents, including multi-step problems involving percent increase and percent decrease, and financial literacy problems; and

Standard:

7.13.A

Description:

calculate the sales tax for a given purchase and calculate income tax for earned wages;

Standard:

7.13.B

Description:

identify the components of a personal budget, including income; planned savings for college, retirement, and emergencies; taxes; and fixed and variable expenses, and calculate what percentage each category comprises of the total budget;

Standard:

7.13.C

Description:

create and organize a financial assets and liabilities record and construct a net worth statement;

Standard:

7.13.D

Description:

use a family budget estimator to determine the minimum household budget and average hourly wage needed for a family to meet its basic needs in the student's city or another large city nearby;

Standard:

7.13.E

Description:

calculate and compare simple interest and compound interest earnings; and

Standard:

7.13.F

Description:

analyze and compare monetary incentives, including sales, rebates, and coupons.

7th Grade Math - Personal Financial Literacy Lesson
 
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