See all 9th-12th Grades Standards
Saving Money

Saving Money

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Here's how Saving Money aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

Saving and Investing

Knowledge Standards

SI.K.1: Compare the functions, benefits and drawbacks of different types of checking and savings accounts, including but not limited to regular savings, high-yield savings, money market, certificates of deposit (CDs), college savings, health savings and retirement savings accounts.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Saving Money
Students will justify using different types of checking and savings accounts based on a comparison of the benefits and drawbacks of each.
Students will analyze how different types of savings accounts differ in minimum deposits, rates and deposit insurance coverage.
Students will examine the average interest rate of various savings accounts.

SI.K.4: Assess the impact of inflation and deflation on the value of savings.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Saving Money
Students will assess how inflation can reduce the purchasing power of savings over time if the nominal interest rate is lower than the inflation rate.

SI.K.6: Describe the role of government agencies such as the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC) and the National Credit Union Administration, along with their counterparts in state government in supervising and regulating financial institutions.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Saving Money
Students will identify areas of financial institution operations that are subject to state and/or federal regulation and supervision.
Students will identify the state agency responsible for regulating financial institutions in Washington, DC.

Skills Standards

SI.S.1: Identify practices for saving towards short- and long-term financial goals.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Saving Money
Students demonstrate financial goal-setting and decision-making skills for saving.
Students identify the processes for opening and managing various savings accounts to meet their financial goals.