Texas Essential Knowledge and Skills (TEKS)Personal Financial Literacy |
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|---|---|
| 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