Financial literacy: Building Wealth lesson alignments with TEKS

Personal Financial Literacy and Economics
Rule	Sub number	TEKS description	Corresponding lesson(s)
§113.76	d.1.A	Analyze how the concepts of scarcity, choice and opportunity costs apply to decision making.	Budget to Save—Developing a Budget
§113.76	d.6.A	Develop financial goals for the short-term, medium-term and long-term that are specific, measurable, attainable, realistic and time based.	Budget to Save—Developing a Budget Save and Invest—Owning Versus Renting Building Wealth Publication
§113.76	d.6.B	Analyze the opportunity costs of spending and saving in recognizing short-term, medium-term and long-term goals.	Budget to Save—Developing a Budget
§113.76	d.6.C	Identify and prioritize types of purchases and charitable giving.	Budget to Save—Developing a Budget
§113.76	d.6.E	Discuss the importance of tracking income and expenses to reconcile financial records.	Budget to Save—Developing a Budget Save and Invest—Put It in the Bank
§113.76	d.6.F	Evaluate the impact of unplanned spending.	Budget to Save—Developing a Budget Save and Invest—The Role of Financial Markets
§113.76	d.6.G	Analyze costs and benefits of owning versus renting housing.	Save and Invest—Owning Versus Renting
§113.76	d.7.A	Compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans and title loans.	Take Control of Debt—The Cost of Credit Building Wealth Publication
§113.76	d.7.B	Identify the characteristics and dangers of predatory lending practices.	Building Wealth Publication
§113.76	d.7.C	Compare and contrast types of credit, including revolving and installment credit and collateralized loans versus unsecured credit.	Take Control of Debt—The Cost of Credit
§113.76	d.7.D	Discuss how character, capacity and collateral can adversely or positively impact an individual's credit rating and ability to obtain credit.	Build Credit—Understanding Credit Reports and Scores
§113.76	d.7.E	Explain how to access a credit report and score and interpret a sample credit report and score.	Build Credit—Understanding Credit Reports and Scores Building Wealth Publication
§113.76	d.7.F	Describe the importance of monitoring credit reports regularly and addressing errors.	Build Credit—Understanding Credit Reports and Scores Building Wealth Publication
§113.76	d.8.A	Determine the exponential growth benefits of starting early to invest with continuous contributions.	Save and Invest—Put It in the Bank Building Wealth Publication
§113.76	d.8.B	Determine the number of years it will take for savings to double in value by using the Rule of 72.	Save and Invest—Put It in the Bank
§113.76	d.8.C	Evaluate the costs and benefits of various savings options such as bank savings accounts, certificates of deposit and money market mutual funds.	Save and Invest—Put It in the Bank Building Wealth Publication
§113.76	d.8.D	Evaluate risk and return of various investment options, including stocks, bonds, mutual funds and exchange-traded funds (ETFs).	Save and Invest—Bonds, Stocks and Mutual Funds Save and Invest—Risk and Retur Building Wealth Publication
§113.76	d.8.E	Evaluate the relative benefits of pre-tax and post-tax investing.	Building Wealth Publication
§113.76	d.8.F	Develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund.	Budget to Save—Developing a Budget Save and Invest—The Role of Financial Markets
§113.76	d.8.G	Develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle.	Save and Invest—Owning Versus Renting
§113.76	d.8.H	Develop a long-term investing strategy to achieve a goal such as a financially secure retirement.	Save and Invest—Risk and Return
§113.76	d.9.B	Discuss how character, capacity and collateral can adversely or positively impact an individual's credit rating and the ability to obtain credit.	Building Wealth Publication
§113.76	d.9.F	Explain the costs and benefits of property insurance, including homeowner's and renter's insurance.	Save and Invest—Owning Versus Renting Building Wealth Publication
§113.76	d.9.H	Identify ways to reduce risk of identity theft and protect personal information.	Building Wealth Publication
§113.76	d.10.A	Use problem-solving and decision-making processes to identify a problem, gather information, list and consider options, consider advantages and disadvantages, choose and implement a solution and evaluate the effectiveness of the solution.	Build Credit—Understanding Credit Reports and Scores Building Wealth Publication
§113.76	c.10.A	Examine the components of the cost of borrowing, including annual percentage rate (APR), fixed versus variable interest, length of term, grace period and additional fees such as late payment, cash advance and prepayment penalties.	Budget to Save—Developing a Budget Save and Invest—Put It in the Bank Save and Invest—Owning Versus Renting Save and Invest—The Role of Financial Markets Save and Invest—Bonds, Stocks and Mutual Funds Save and Invest—Risk and Return Build Credit—Understanding Credit Reports and Scores Take Control of Debt—The Cost of Credit
§113.76	d.10.B	Develop a budget that addresses short-term, medium-term and long-term financial goals.	Budget to Save—Developing a Budget Building Wealth Publication
§113.76	d.10.C	Explain why earning income, spending, credit, debt, saving and investing and protecting and insuring assets are important parts of a comprehensive financial plan and develop a plan that incorporates these components.	Building Wealth Publication

Personal Financial Literacy
Rule	Sub number	TEKS description	Corresponding lesson(s)
§113.50	c.1.A	Differentiate between needs and wants in evaluating spending decisions.	Budget to Save—Developing a Budget
§113.50	c.1.D	Develop financial goals for the short, medium and long term that are specific, measurable, attainable, realistic and time based.	Budget to Save—Developing a Budget Save and Invest—Owning Versus Renting Building Wealth Publication
§113.50	c.2.A	Reconcile a bank statement with personal records to ensure the accuracy of deposits, withdrawals and transfer activities.	Save and Invest—Put It in the Bank
§113.50	c.2.B	Track income and expenses and develop an income statement.	Budget to Save—Developing a Budget
§113.50	c.2.C	Develop a budget that incorporates short-term, medium-term and long-term financial goals.	Budget to Save—Developing a Budget Building Wealth Publication
§113.50	c.2.D	Identify assets and liabilities.	Budget to Save—The Balance Sheet Building Wealth Publication
§113.50	c.2.E	Construct a balance sheet or net worth statement.	Budget to Save—The Balance Sheet Building Wealth Publication
§113.50	c.2.F	Evaluate the impact of unplanned spending on a budget.	Budget to Save—Developing a Budget Save and Invest—The Role of Financial Markets
§113.50	c.4.A	Analyze costs and benefits of owning versus renting housing.	Save and Invest—Owning Versus Renting
§113.50	c.4.C	Compare total costs of alternative methods of payment such as rent-to-own, store credit, installment agreements, cash, bank credit card and debit card.	Take Control of Debt—The Cost of Credit Building Wealth Publication
§113.50	c.5.A	Develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund.	Save and Invest—The Role of Financial Markets
§113.50	c.5.B	Develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle.	Save and Invest—Owning Versus Renting
§113.50	c.5.D	Develop a long-term investing strategy to achieve a goal such as a financially secure retirement.	Save and Invest—Risk and Return
§113.50	c.6.A	Discuss the role of financial institutions and markets in saving and investing.	Save and Invest—The Role of Financial Markets
§113.50	c.6.B	Demonstrate the impact of compound growth over time.	Save and Invest—Put It in the Bank Building Wealth Publication
§113.50	c.6.C	Evaluate the costs and benefits of various savings options such as bank savings accounts, certificates of deposit and money market mutual funds.	Save and Invest—Put It in the Bank Building Wealth Publication
§113.50	c.6.D	Evaluate risk and return of various investment options, including stocks, bonds and mutual funds.	Save and Invest—Bonds, Stocks and Mutual Funds Save and Invest—Risk and Return Building Wealth Publication
§113.50	c.7.C	Demonstrate an understanding of the importance of saving early and at a sufficient level to achieve financial security in retirement.	Save and Invest—Put It in the Bank Building Wealth Publication
§113.50	c.8.A	Compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans and title loans.	Take Control of Debt—The Cost of Credit Building Wealth Publication
§113.50	c.8.B	Compare and contrast types of credit, including revolving and installment credit and collateralized loans versus unsecured credit.	Take Control of Debt—The Cost of Credit
§113.50	c.8.C	Evaluate the impact of credit decisions on monthly budget, income statement and net worth statement.	Budget to Save—The Balance Sheet Building Wealth Publication
§113.50	c.9.A	Discuss how character, capacity and collateral can adversely or positively impact an individual's credit rating and the ability to obtain credit.	Build Credit—Understanding Credit Reports and Scores
§113.50	c.9.B	Describe how to access and interpret a sample credit report and score.	Build Credit—Understanding Credit Reports and Scores Building Wealth Publication
§113.50	c.9.C	Describe the importance of monitoring credit reports regularly and addressing mistakes.	Build Credit—Understanding Credit Reports and Scores Building Wealth Publication
§113.50	c.9.E	Appraise the impact of borrowing decisions on credit score, including consequences of poor credit management and bankruptcy.	Build Credit—Understanding Credit Reports and Scores Building Wealth Publication
§113.50	c.10.A	Examine the components of the cost of borrowing, including annual percentage rate (APR), fixed versus variable interest, length of term, grace period and additional fees such as late payment, cash advance and prepayment penalties.	Save and Invest—Owning Versus Renting Take Control of Debt—The Cost of Credit
§113.50	c.10.B	Explain strategies to reduce total cost of borrowing such as making a higher down payment and additional principal payments.	Take Control of Debt—The Cost of Credit
§113.50	c.11.A	Identify risk as potential loss of assets or earning potential.	Save and Invest—Risk and Return
§113.50	c.12.E	Explain the costs and benefits of property insurance, including homeowner's and renter's insurance.	Save and Invest—Owning Versus Renting Building Wealth Publication
§113.50	c.13.A	Identify ways to protect personal information and reduce risk of identity theft.	Building Wealth Publication

Economics with Emphasis on the Free Enterprise System
Rule	Sub number	TEKS description	Corresponding lesson(s)
§113.31	c.16.A	Explain the functions of financial institutions and how they affect households and businesses.	Save and Invest—Put It in the Bank Save and Invest—The Role of Financial Markets
§113.31	c.16.C	Analyze the role of interest and risk in allocating savings to its most productive use.	Save and Invest—Risk and Return Building Wealth Publication
§113.31	c.16.D	Examine the types of accounts available to consumers from financial institutions and the risks, monetary costs and benefits of maintaining these accounts.	Save and Invest—Put It in the Bank Save and Invest—Risk and Return
§113.31	c.17.A	Assess ways to be a wise investor in the stock market and in other personal investment options such as developing a personal retirement plan.	Save and Invest—Bonds, Stocks and Mutual Funds Building Wealth Publication
§113.31	c.17.B	Explain how to begin a savings program.	Budget to Save—Developing a Budget Save and Invest—The Role of Financial Markets
§113.31	c.17.C	Demonstrate how to maintain a checking account, including reconciling a bank statement.	Save and Invest—Put It in the Bank
§113.31	c.17.D	Identify the types of loans available to consumers.	Take Control of Debt—The Cost of Credit
§113.31	c.17.E	Explain the responsibilities and obligations of borrowing money.	Save and Invest—Put It in the Bank Take Control of Debt—The Cost of Credit
§113.31	c.17.F	Develop strategies to become a low-risk borrower by improving and understanding one's personal credit score.	Build Credit—Understanding Credit Reports and Scores
§113.31	c.18.A	Examine ways to avoid and eliminate credit card debt.	Building Wealth Publication
§113.31	c.19.A	Evaluate the costs and benefits of renting a home versus buying a home.	Save and Invest—Owning Versus Renting
§113.31	c.21.A	Analyze economic information by sequencing, categorizing, identifying cause-and-effect relationships, comparing, contrasting, finding the main idea, summarizing, making generalizations and predictions and drawing inferences and conclusions.	Budget to Save—The Balance Sheet Budget to Save—Developing a Budget Save and Invest—Put It in the Bank Save and Invest—Owning Versus Renting Save and Invest—The Role of Financial Markets Save and Invest—Bonds, Stocks and Mutual Funds Save and Invest—Risk and Return Build Credit—Understanding Credit Reports and Scores Take Control of Debt—The Cost of Credit
§113.31	c.21.C	Explain a point of view on an economic issue.	Take Control of Debt—The Cost of Credit
§113.31	c.21.E	Evaluate economic data using charts, tables, graphs and maps.	Save and Invest—Put It in the Bank Save and Invest—The Role of Financial Markets Take Control of Debt—The Cost of Credit

Dollars and Sense
Rule	Sub number	TEKS description	Corresponding lessons
§130.273	c.2.C	Develop and apply multiple strategies for individuals and families to make choices to satisfy needs and wants.	Budget to Save—Developing a Budget Building Wealth Publication
§130.273	c.2.D	Analyze the consequences of an economic decision made by an individual consumer such as the decisions to provide safe and nutritious food, clothing, housing, health care, recreation and transportation.	Budget to Save—Developing a Budget Save and Invest—Owning Versus Renting Take Control of Debt—The Cost of Credit Building Wealth Publication
§130.273	c.3.A	Evaluate the need for personal and family financial planning, including maintaining a budget, expense records and economic self-sufficiency.	Budget to Save—Developing a Budget Building Wealth Publication
§130.273	c.3.B	Compare types of loans available to consumers and distinguish criteria for becoming a low-risk borrower.	Build Credit—Understanding Credit Reports and Scores Take Control of Debt—The Cost of Credit
§130.273	c.3.C	Connect mathematics to the understanding of interest, including avoiding and eliminating credit card debt.	Building Wealth Publication
§130.273	c.3.D	Collect evidence and data related to implementing a savings program, the time value of money and retirement planning.	Save and Invest—Put It in the Bank Save and Invest—The Role of Financial Markets Save and Invest—Risk and Return
§130.273	c.3.E	Explore how to be a prudent investor in the stock market and other investment options.	Save and Invest—Bonds, Stocks and Mutual Funds Building Wealth Publication
§130.273	c.3.G	Compare types of banks, credit unions and virtual banks available to consumers and the benefits of maintaining financial accounts.	Save and Invest—Put It in the Bank Save and Invest—The Role of Financial Markets
§130.273	c.3.H	Demonstrate the ability to maintain financial records.	Budget to Save—Developing a Budget
§130.273	c.4.A	Explain consumer rights and responsibilities associated with renting or buying a home.	Save and Invest—Owning Versus Renting
§130.273	c.4.B	Analyze legal and financial aspects of purchasing and leasing housing.	Save and Invest—Owning Versus Renting

Money Matters
Rule	Sub number	TEKS description	Corresponding lessons
§130.182	c.4.A	Explain forms of financial exchange, including cash, credit cards, debit cards and electronic funds transfer.	Take Control of Debt—The Cost of Credit Building Wealth publication
§130.182	c.4.F	Discuss the purposes and importance of credit.	Take Control of Debt—The Cost of Credit Building Wealth publication
§130.182	c.9.A	Develop a budget based on personal financial goals.	Budget to Save—Developing a Budget Building Wealth publication
§130.182	c.9.B	Explain the benefits of saving and investing.	Save and Invest—Put It in the Bank Save and Invest—Bonds, Stocks and Mutual Funds Building Wealth publication
§130.182	c.9.E	Interpret and reconcile bank statements.	Save and Invest—Put It in the Bank
§130.182	c.9.G	Evaluate credit scores.	Build Credit—Understanding Credit Reports and Scores
§130.182	c.10.A	Describe types of financial service providers, including banks and credit unions.	Save and Invest—Put It in the Bank Save and Invest—The Role of Financial Markets Save and Invest—The Cost of Credit
§130.182	c.10.B	Evaluate financial service providers based on selection criteria such as location, interest rates and benefits.	Save and Invest—Put It in the Bank Take Control of Debt—The Cost of Credit
§130.182	c.10.C	Analyze financing needed for long-term personal assets, including home purchases and payments and auto purchases, leases and payments.	Save and Invest—Owning Versus Renting Take Control of Debt—The Cost of Credit Building Wealth publication
§130.182	c.10.G	Calculate an automobile loan payment schedule.	Take Control of Debt—The Cost of Credit
§130.182	c.10.H	Understand the risks of using a payday loan and title loan.	Take Control of Debt—The Cost of Credit Building Wealth publication
§130.182	c.11.A	Evaluate investment goals and objectives as they relate to risk tolerance.	Save and Invest—Bonds, Stocks and Mutual Funds Save and Invest—Risk and Return Building Wealth publication
§130.182	c.11.B	Evaluate different types of investments such as stocks, bonds and property.	BW LESSON Building Wealth publication
§130.182	c.11.D	Investigate long-term needs and financial goals, including retirement.	Budget to Save—Developing a Budget Save and Invest—Risk and Return
§130.182	c.12.A	Understand the concept of insurance.	Save and Invest—Owning Versus Renting Building Wealth publication
§130.182	c.12.C	Explore the reasons for obtaining property insurance coverage, including homeowner's, personal liability, renter's, flood, earthquake and auto insurance.	Save and Invest—Owning Versus Renting Building Wealth publication