Wisconsin
6th-8th Grade
State Standards
Look below to see how Banzai's courses, worksheets, activities, and games align with the Standards for Personal Financial Literacy for 6th-8th Grade. Note, any one activity listed will satisfy the associated competency.
Personal Financial Literacy
FM: Financial Mindset
FM1: Students will develop strategies to make intentional financial decisions throughout their lifespan.
FM1.a: Critical Consumer
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM1.a.m: Analyze the roles of consumers and producers in financial markets. Distinguish between the rights and responsibilities of buyers and sellers under consumer protection laws. Evaluate the influence on demographic groups of advertising and the media on decision making and spending.
FM1.b: Functions and Structure of Money
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM1.b.m: Differentiate between the functions of money as a medium of exchange (e.g., money accepted in exchange for goods or services), store of value (e.g., retention of money's value for future exchanges), and a unit of account (e.g., stated unit of measurement to simplify transactional exchanges in contrast to bartering).
FM1.c: Opportunity Costs
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM1.c.m: Predict the opportunity costs of various decisions. Explain why the opportunity cost might differ from person to person or in different situations (e.g., auto or housing). Contrast cost-benefit and opportunity cost.
FM2: Students will analyze how aspects of financial psychology impact financial well-being.
FM2.a: Values and Behavior
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM2.a.m: Analyze different cultural perspectives and behaviors regarding financial values and goals across communities.
Under Development
FM2.b: Emotional Influences
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM2.b.m: Describe financial situations that trigger various emotions. Summarize how emotions may interfere with the achievement of financial goals.
FM2.c: External Influences
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM2.c.m: Differentiate how positive and negative external influences (e.g., peers or marketing) impact financial decisions in a society with frictionless transactions (e.g., pre-stored payment information, no signature required, or biometrics).
FM2.d: Financial Goals
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
FM2.d.m: Analyze long-term and short-term financial goals utilizing elements of goal development strategies.
EE: Education and Employment
EE1: Students will compare the effect of personal income on their goals.
EE1.a: Career Development
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
EE1.a.m: Assess personal strengths (e.g., skills, knowledge, and experience), aptitudes, and passions related to potential future careers. Create a plan to reach future career goals taking into account personal interests, aptitudes, and potential earnings.
MM: Money Management
MM1: Students will demonstrate their ability to use money management skills and strategies.
MM1.a: Budgeting
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
MM1.a.m: Construct a basic budget, including allocating spending and savings that spans for a week or a month.
MM1.b: Financial Management
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
MM1.b.m: Plan for ways to save, spend, and give money. Compare responsible saving, spending, and charitable habits. Identify various organizations or places that provide financial resource support to individuals or families. Classify the personal eligibility criteria to establish a financial account (e.g., age, residency, or amount of deposit).
MM2: Students will utilize financial institutions and service providers to support money management.
MM2.a: Financial Institutions and Service Providers
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
MM2.a.m: Describe and evaluate the benefits and risks of basic financial institution services.
MM2.b: Payment Types
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
MM2.b.m: Compare features of digital banking in online banking, bill pay, transfers, and checking account transactions. Compare the use of cash, debit cards, credit cards, checks, and other modern forms of payment. Determine how pre-authorized payments impact account balances. Recognize the importance of retaining records of financial transactions.
MM2.c: Alternative Financial Currency
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
MM2.c.m: Analyze online and mobile systems or applications that permit consumers to acquire items or transfer money.
SI: Saving and Investing
SI1: Students will explore savings concepts and apply this knowledge to attain financial security.
SI1.a: Saving Principles
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
SI1.a.m: Compare and contrast places that can be used to save money. Describe ways to decrease expenses in order to increase savings. Compare pay yourself first to living paycheck to paycheck. Explain why saving is a prerequisite to investing.
SI1.b: Savings Types and Features
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
SI1.b.m: Analyze the benefits of depositing money into a financial institution. Compare and contrast savings versus checking and debit accounts.
SI1.c: Saving Goal Planning
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
SI1.c.m: Create a savings plan to reach short- and long-term personal saving goals. Analyze how life changes or changes in circumstances can affect a personal savings goal.
SI1.d: Saving Risk and Reward
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
SI1.d.m: Define simple and compound interest. Analyze the relationship between opportunity cost and reward.
SI1.e: Role of Government in Saving
Standard
Defined by Standards for Personal Financial Literacy
Banzai Solutions
*Any of the activities below will satisfy the competency
SI1.e.m: Recognize the limit of the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) coverage of financial accounts.