Maryland Personal Financial Literacy Standards
STANDARD 1: MAKE INFORMED, FINANCIALLY RESPONSIBLE DECISIONS -- Students will apply financial literacy reasoning in order to make informed,financially responsible decisions.
- 1.12.B Evaluate attitudes, assumptions, and patterns of behavior regarding financial decisions, and predict how they impact the achievement of financial goals.
STANDARD 4: MANAGE CREDIT AND DEBT -- Students will develop skills to make informed decisions about incurring debt and maintaining creditworthiness.
- 4.12.A Evaluate how to use debt beneficially.
- 4.12.C Analyze sources of credit.
- 4.12.F Analyze credit scores and reports.
- 4.12.F.1 Explain personal responsibility and the factors that affect creditworthiness, such as payment history and total debt vs. total available credit.
- 4.12.F.2 Explain how a credit report is used and how frequently it should be obtained.
- 4.12.F.3 Explain how credit scores can be used to leverage better products, services, and employment opportunities, such as Security Clearance.
- 4.12.F.4 Apply strategies to prevent or manage credit problems.
- 4.12.F.5 Compare sources of credit reporting and evaluate credit report scores.