Understanding these
Concepts |
Leads to these
Actions |
Grade Band Coverage
K-23-56-89-12 |
---|---|---|
Last Updated: 03/20/2013 | ||
Compound Interest |
Saving and understanding the importance of starting early Debt management |
|
Opportunity Cost |
Effective decision-making Recognition of options foregone |
|
Value of Education |
Investment in variety of human capital |
|
Risk |
Diversification of portfolio Understanding appropriate levels of protection Purchase of insurance products |
|
What Is Money |
Ability to use money Understanding value of money |
|
Time Value of Money |
More informed purchasing More appropriate investing Ability to use time horizon to plan |
|
Cost/Benefit Analysis |
Better decision-making |
|
Debt |
Its appropriate use in investment in education, housing, and purchasing |
|
Setting Goals |
Purposeful, more achievable outcomes |
|
Delayed Gratification |
Ability to consume things in the future that are unattainable in the present |
|
Scarcity |
Acknowledging limitations and making choices |
|
Inflation |
Ability to mitigate its effects with respect to investments, assumption of debt, and purchasing decisions |