Math 4.10

Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:

• (1) distinguish between fixed and variable expenses;
  • (A) calculate profit in a given situation;
  • (B) compare the advantages and disadvantages of various savings options;
  • (C) describe how to allocate a weekly allowance among spending; saving, including for college; and sharing; and
  • (D) describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending.