Personal Financial Literacy7th Grade |
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Texas Essential Knowledge and Skills (TEKS): 7.4.D |
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solve problems involving ratios, rates, and percents, including multi-step problems involving percent increase and percent decrease, and financial literacy problems; and |
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Texas Essential Knowledge and Skills (TEKS): 7.13.A |
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calculate the sales tax for a given purchase and calculate income tax for earned wages; |
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Texas Essential Knowledge and Skills (TEKS): 7.13.B |
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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; |
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Texas Essential Knowledge and Skills (TEKS): 7.13.C |
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create and organize a financial assets and liabilities record and construct a net worth statement; |
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Texas Essential Knowledge and Skills (TEKS): 7.13.D |
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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; |
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Texas Essential Knowledge and Skills (TEKS): 7.13.E |
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calculate and compare simple interest and compound interest earnings; and |
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Texas Essential Knowledge and Skills (TEKS): 7.13.F |
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analyze and compare monetary incentives, including sales, rebates, and coupons. |
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7th Grade Math - Personal Financial Literacy Lesson
