7th Grade Personal Financial Literacy 2012-2013

Standard 1: Number Sense, Properties, and Operations 1.1.d.i. Estimate and compute unit cost of consumables (to include unit conversions if necessary) sold in quantity to make purchase decisions based on cost and practicality

1.1.d. ii. Solve problems involving percent of a number, discounts, taxes, simple interest, percent increase, and percent decrease

Link to Resources Key Points Addressed http://www.ecb.org/finance/AK4Hammernik.html Provides videos of teachers working with their classes on Financial

Literacy Click on any topic along the top of the page Click on (full text of standard)—This will provide a detailed description

of the standards covered along with a link to lesson plans

Critical Consumer topic includes lessons that address cost of interest rates and fees associated with financial services.

Money Management addresses the history, purposes, roles,

and responsibilities related to taxation Credit and Debt addresses interest rates

http://www.treasurydirect.gov/indiv/tools/tools_moneymath.pdf Downloadable entire unit on Personal Finance Real-life application problems to help with making purchase decisions Can apply skills required in Standard 1.1.d.ii in Lesson 2 by adding use

of coupons for shopping, etc.

Lesson 1: Students learn how saving helps you become wealthy Lesson 2: Wallpaper Woes—Students apply measurement, scale and

have to help Tom apply budget constraints and tradeoffs in order to not go beyond their budget (Covers Standard 1.1d.i)

Lesson 3: Learn about careers and how taxes are paid on income Lesson 4: Students develop a budget for a college student. They

examine fixed, variable and periodic expenses and they revise to adjust for cash flow problems. Provides practice using technology for creating spreadsheet

http://www.aaastudy.com/grade7.htm Scroll down to “Consumer Math” Click on desired topic

On-line practice of skills for Standard 1.1d.ii Provides explanation of steps involved Provides input of problems, student finds solution and then checks

answer. Program will provide correct answer if student is incorrect. Will provide percentage correct and student can print up final score.

http://www.econedlink.org/ Provides all you might need for Personal Finance Literacy EXCELLENT site with many possibilities available

Includes Educator, Student and After School Links Lessons/activities sorted by grade level Provides plans, videos, interactive activities, connections to mobile apps Also has worksheets that provide practice

Bertha I. Orona August 2012