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Emergency Fund

Emergency Fund

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Here's how Emergency Fund aligns with curriculum standards in Indiana. Use the filters to change the location, set of standards, and grade level.

Planning and Managing Money

8-3.1: Demonstrate ability to use money management skills and strategies.

Standards
Defined by Personal Financial Responsibility Course and Standards 8th Grade and align with Emergency Fund
8-3.1.1: Explain basic budget categories, including income, taxes, planned savings, and fixed and variable expenses.
8-3.1.2: Explain the relationship between spending practices and achieving financial goals.

Saving and Investing

8-6.1: Explain how saving contributes to financial wellbeing.

Standards
Defined by Personal Financial Responsibility Course and Standards 8th Grade and align with Emergency Fund
8-6.1.1: Describe the advantages and disadvantages of saving for short-term and medium-term financial goals.
8-6.1.2: Explain simple interest, compound interest, and the benefits of a compound rate of return.

8-6.2: Apply strategies for creating wealth and building assets.

Standards
Defined by Personal Financial Responsibility Course and Standards 8th Grade and align with Emergency Fund
8-6.2.3: Devise a periodic investment plan for accumulating the money for a major life goal.