9th-12th GradeFinancial Literacy Rubric
Student Name: / Date:
Teacher Name:
Financial Literacy Skill / Almost Never
1 / Rarely
2 / Occasionally
3 / Frequently
4 / Almost Always
5
Essential Concept and/or Skill: Demonstrates financial responsibility and planning skills to achieve financial goals for a lifetime of financial health. (21.9-12.FL.1)
  1. Develops short- and long-term financial goals.

  1. Understands the concept of setting short-term (next six months) and long-term (beyond six months) goals.

  1. Evaluates the role short- and long-term goals play in financial success. Assesses the impact of goal setting on personal financial success.

  1. Describes the impact of goal setting on personal financial success.

  1. Understands needs versus wants.

  1. Explains the difference between needs and wants. Analyzes their own needs and wants to determine importance (prioritize).

  1. Develops plans to achieve their most important needs and wants.

  1. Explores individual decisions made as a consumer and distinguish between fact and opinion in advertising.

Essential Concept and/or Skill: Manages money effectively by developing spending plans and selecting appropriate financial instruments to maintain positive cash flow. (21.9-12.FL.2)
  1. Develops a realistic spending plan for financial independence.

  1. Understands the concept of developing a spending plan that promotes living within one’s means.

  1. Evaluates spending plans that promote maintaining a larger income than expenditures.

  1. Develops and assesses impact of different spending plans to make informed choices.

  1. Describes the impact of global issues on financial planning.

  1. Understands various sources of compensation.

  1. Identifies various types of income (e.g., allowances, salary, hourly wage, commission, benefits, gross and net income.)

  1. Compares various compensation options to determine which best fits individual needs.

  1. Explains how income affects lifestyle and spending choices.

  1. Understands financial instruments.

  1. Understands the responsibility of maintaining accounts using financial instruments such as checking accounts, debit cards, and ATM cards.

  1. Demonstrates the ability to reconcile personal records with financial institution’s records.

  1. Differentiates between interest-bearing and noninterest-bearing accounts.

Financial Literacy Skill / Almost Never
1 / Rarely
2 / Occasionally
3 / Frequently
4 / Almost Always
5
  1. Recognizes the impact of fees and charges.

  1. Identifies options for online financial transactions (buying, making payments, transfers, etc.).

  1. Understands the distribution of resources.

  1. Identifies options for distributing resources.

  1. Analyzes short- and long-term benefits of different resource allocation opportunities.

  1. Creates a personal spending plan to include savings, spending, giving, and/or investing consistent with their financial goals.

Essential Concept and/or Skill: Makes informed and responsible decisions about incurring and repaying debt to remain both creditworthy and financially secure. (21.9-12.FL.3)
  1. Identifies responsible credit card management.

  1. Compares and contracts offers of credit card, instant loan, and introductory offers (low rate introductory, startup fees, and fixed rate).

  1. Explains credit card features, including annual fees, interest rates, and incentives.

  1. Understands implications of making minimum payments, late payments, and late fees.

  1. Understands different types of debt.

  1. Understands the types of debt consumers encounter.

  1. Compares loan terms and rates to determine best choice.

  1. Identifies the impact of loans on a personal financial plan, such as auto, student, credit card, major purchase.

  1. Identifies asset-producing debt versus living expense debt.

  1. Understands rights and responsibilities of borrowers.

  1. Identifies factors considered for qualifying for and securing a loan (i.e., what makes a person a good or bad credit risk).

  1. Understands the meaning of a credit score and how it is used to negotiate better loan options. Identifies the steps in checking their own credit score and making corrections if needed.

  1. Explains the potential consequences for not meeting the requirements of the agreement (i.e., payment amount, due dates, insurance, taxes, etc.).

  1. Explains an individual’s rights and responsibilities under consumer protection laws.

Essential Concept and/or Skill: Evaluates and identifies appropriate risk management options, including types of insurance, non-insurance, and identity protection. (21.9-12.FL.4)
  1. Establishes strategies for protection of identity.

  1. Describes the importance of protecting their identity.

  1. Distinguishes legitimate from fraudulent solicitations.

  1. Understands the impact of technology on personal security.

  1. Identifies important identification numbers and explains when they should or should not be shared.

Financial Literacy Skill / Almost Never
1 / Rarely
2 / Occasionally
3 / Frequently
4 / Almost Always
5
  1. Explains ways to protect their identity.

  1. Recognizes different types of insurance.

  1. Explains different types of insurance and identify the appropriate need for each.

  1. Determines appropriate options available to reduce the cost of premiums.

  1. Recognizes different types of noninsurance protection.

  1. Explains importance of legal and written documentation to protect individuals.

  1. Identifies types of documentation used by individuals to prevent personal and financial loss. Analyzes the types of protection available and their appropriate use.

Essential Concept and/or Skill: Assesses the value, features, and planning processes associated with savings, investing, and asset building, and applies this knowledge to achieve long-term financial security with personal and entrepreneurial goals in a global market. (21.9-12.FL.5
  1. Recognizes investment options.

  1. Assesses the many factors that influence financial planning. Explains the importance of savings.

  1. Explains the impact of short- and long-term financial goals for asset building.

  1. Outlines the process of adjusting the financial plan to accommodate changes in funds.

  1. Describes the importance of adjusting goals over a lifetime as well as preparing for retirement and estate planning.

  1. Distinguishes investment options.

  1. Distinguishes between the various types of investment options.

  1. Understands the power of compounding interest.

  1. Understands the relationship between investment risk and return.

  1. Identifies the level of risk involved with investment options.

  1. Explores the potential returns related to investment options.

  1. Explains the concept of wealth building.

Essential Concept and/or Skill: Understands human, cultural, and societal issues related to financial literacy, and practices legal and ethical behavior. (21.9-12.FL.6)
  1. Recognizes the local, state, national, and international impact of personal financial habits and actions.

  1. Analyzes the complexity of financial transactions as a member of the international community.

  1. Evaluates the interconnectedness of the production of goods and services at the local to international levels.

  1. Demonstrates responsible financial behaviors, at the personal, local, state, national, and international levels.

  1. Manages personal and professional financial interactions following legal and ethical guidelines.

  1. Respects the rights and responsibilities of others in financial interactions.

  1. Practices responsible financial behaviors within an international financial environment.

Rating Descriptors Operationally Defined:

Almost Never – grade level essential concept or skill is demonstrated/observed very little or not at all (with appropriate accommodations) with no generalization of skill across days and novel situations.

Rarely – grade level essential concept or skill is demonstrated/observed infrequently (with appropriate accommodations) with little or no generalization of skill across days and novel situations; teacher prompting does not always result in demonstration of skill.

Occasionally – grade level essential concept or skill is demonstrated/observed periodically (with appropriate accommodations) with inconsistent generalization across days and novel situations; teacher prompting is often necessary for skill to be generalized.

Frequently – grade level essential standard or skill is demonstrated/observed often (with appropriate accommodations) with consistent generalization of skill across days and novel situations; occasional teacher prompting is necessary for skill to be generalized.

Almost Always – grade level essential standard or skill is demonstrated/observed most of the time (with appropriate accommodations) with consistent and independent generalization of skill across days and novel situations.

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