Classroom Resources
Financial literacy: Building Wealth lesson alignments with TEKS
The tables below show how Building Wealth resources for your classroom align with Texas Essential Knowledge and Skills standards. These resources also align with National Standards for Personal Financial Education.
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. | |
§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. | |
§113.76 | d.6.B | Analyze the opportunity costs of spending and saving in recognizing short-term, medium-term and long-term goals. | |
§113.76 | d.6.C | Identify and prioritize types of purchases and charitable giving. | |
§113.76 | d.6.E | Discuss the importance of tracking income and expenses to reconcile financial records. | |
§113.76 | d.6.F | Evaluate the impact of unplanned spending. | |
§113.76 | d.6.G | Analyze costs and benefits of owning versus renting housing. | |
§113.76 | d.7.A | Compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans and title loans. | |
§113.76 | d.7.B | Identify the characteristics and dangers of predatory lending practices. | |
§113.76 | d.7.C | Compare and contrast types of credit, including revolving and installment credit and collateralized loans versus unsecured 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. | |
§113.76 | d.7.E | Explain how to access a credit report and score and interpret a sample credit report and score. | |
§113.76 | d.7.F | Describe the importance of monitoring credit reports regularly and addressing errors. | |
§113.76 | d.8.A | Determine the exponential growth benefits of starting early to invest with continuous contributions. | |
§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. | |
§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. | |
§113.76 | d.8.D | Evaluate risk and return of various investment options, including stocks, bonds, mutual funds and exchange-traded funds (ETFs). | |
§113.76 | d.8.E | Evaluate the relative benefits of pre-tax and post-tax investing. | |
§113.76 | d.8.F | Develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund. | |
§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. | |
§113.76 | d.8.H | Develop a long-term investing strategy to achieve a goal such as a financially secure retirement. | |
§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. | |
§113.76 | d.9.F | Explain the costs and benefits of property insurance, including homeowner's and renter's insurance. | |
§113.76 | d.9.H | Identify ways to reduce risk of identity theft and protect personal information. | |
§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. | |
§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. |
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§113.76 | d.10.B | Develop a budget that addresses short-term, medium-term and long-term financial goals. | |
§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. |
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. | |
§113.50 | c.1.D | Develop financial goals for the short, medium and long term that are specific, measurable, attainable, realistic and time based. | |
§113.50 | c.2.A | Reconcile a bank statement with personal records to ensure the accuracy of deposits, withdrawals and transfer activities. | |
§113.50 | c.2.B | Track income and expenses and develop an income statement. | |
§113.50 | c.2.C | Develop a budget that incorporates short-term, medium-term and long-term financial goals. | |
§113.50 | c.2.D | Identify assets and liabilities. | |
§113.50 | c.2.E | Construct a balance sheet or net worth statement. | |
§113.50 | c.2.F | Evaluate the impact of unplanned spending on a budget. | |
§113.50 | c.4.A | Analyze costs and benefits of owning versus renting housing. | |
§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. | |
§113.50 | c.5.A | Develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund. | |
§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. | |
§113.50 | c.5.D | Develop a long-term investing strategy to achieve a goal such as a financially secure retirement. | |
§113.50 | c.6.A | Discuss the role of financial institutions and markets in saving and investing. | |
§113.50 | c.6.B | Demonstrate the impact of compound growth over time. | |
§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. | |
§113.50 | c.6.D | Evaluate risk and return of various investment options, including stocks, bonds and mutual funds. | |
§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. | |
§113.50 | c.8.A | Compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans and title loans. | |
§113.50 | c.8.B | Compare and contrast types of credit, including revolving and installment credit and collateralized loans versus unsecured credit. | |
§113.50 | c.8.C | Evaluate the impact of credit decisions on monthly budget, income statement and net worth statement. | |
§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. | |
§113.50 | c.9.B | Describe how to access and interpret a sample credit report and score. | |
§113.50 | c.9.C | Describe the importance of monitoring credit reports regularly and addressing mistakes. | |
§113.50 | c.9.E | Appraise the impact of borrowing decisions on credit score, including consequences of poor credit management and bankruptcy. | |
§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. | |
§113.50 | c.10.B | Explain strategies to reduce total cost of borrowing such as making a higher down payment and additional principal payments. | |
§113.50 | c.11.A | Identify risk as potential loss of assets or earning potential. | |
§113.50 | c.12.E | Explain the costs and benefits of property insurance, including homeowner's and renter's insurance. | |
§113.50 | c.13.A | Identify ways to protect personal information and reduce risk of identity theft. |
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. | |
§113.31 | c.16.C | Analyze the role of interest and risk in allocating savings to its most productive use. | |
§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. | |
§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. | |
§113.31 | c.17.B | Explain how to begin a savings program. | |
§113.31 | c.17.C | Demonstrate how to maintain a checking account, including reconciling a bank statement. | |
§113.31 | c.17.D | Identify the types of loans available to consumers. | |
§113.31 | c.17.E | Explain the responsibilities and obligations of borrowing money. | |
§113.31 | c.17.F | Develop strategies to become a low-risk borrower by improving and understanding one's personal credit score. | |
§113.31 | c.18.A | Examine ways to avoid and eliminate credit card debt. | |
§113.31 | c.19.A | Evaluate the costs and benefits of renting a home versus buying a home. | |
§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. |
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§113.31 | c.21.C | Explain a point of view on an economic issue. | |
§113.31 | c.21.E | Evaluate economic data using charts, tables, graphs and maps. |
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. | |
§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. | |
§130.273 | c.3.A | Evaluate the need for personal and family financial planning, including maintaining a budget, expense records and economic self-sufficiency. | |
§130.273 | c.3.B | Compare types of loans available to consumers and distinguish criteria for becoming a low-risk borrower. | |
§130.273 | c.3.C | Connect mathematics to the understanding of interest, including avoiding and eliminating credit card debt. | |
§130.273 | c.3.D | Collect evidence and data related to implementing a savings program, the time value of money and retirement planning. | |
§130.273 | c.3.E | Explore how to be a prudent investor in the stock market and other investment options. | |
§130.273 | c.3.G | Compare types of banks, credit unions and virtual banks available to consumers and the benefits of maintaining financial accounts. | |
§130.273 | c.3.H | Demonstrate the ability to maintain financial records. | |
§130.273 | c.4.A | Explain consumer rights and responsibilities associated with renting or buying a home. | |
§130.273 | c.4.B | Analyze legal and financial aspects of purchasing and leasing housing. |
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. | |
§130.182 | c.4.F | Discuss the purposes and importance of credit. | |
§130.182 | c.9.A | Develop a budget based on personal financial goals. | |
§130.182 | c.9.B | Explain the benefits of saving and investing. | |
§130.182 | c.9.E | Interpret and reconcile bank statements. | |
§130.182 | c.9.G | Evaluate credit scores. | |
§130.182 | c.10.A | Describe types of financial service providers, including banks and credit unions. | |
§130.182 | c.10.B | Evaluate financial service providers based on selection criteria such as location, interest rates and benefits. | |
§130.182 | c.10.C | Analyze financing needed for long-term personal assets, including home purchases and payments and auto purchases, leases and payments. | |
§130.182 | c.10.G | Calculate an automobile loan payment schedule. | |
§130.182 | c.10.H | Understand the risks of using a payday loan and title loan. | |
§130.182 | c.11.A | Evaluate investment goals and objectives as they relate to risk tolerance. | |
§130.182 | c.11.B | Evaluate different types of investments such as stocks, bonds and property. | |
§130.182 | c.11.D | Investigate long-term needs and financial goals, including retirement. | |
§130.182 | c.12.A | Understand the concept of insurance. | |
§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. |