Saving Money

Article • 15 min of learning

Here's how Saving Money aligns with curriculum standards in Rhode Island. Use the filters to change the location, set of standards, and grade level.

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Standards

Defined by Jump$tart National Standards in 2022 8th Grade and align with Saving Money

8-1a: Identify the most common reasons that people save money for the future.

8-6a: Explain the importance of federal deposit insurance.

8-1b: Create a savings plan that will allow someone to make a large purchase in one year, 5 years, and 10 years.

8-2b: Explain how a person's personality type might affect their willingness to save or to stick to a savings plan.

8-6b: Compare Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) insurance coverage limits for checking and savings accounts offered at financial institutions.

8-4c: Use the Rule of 72 to approximate how many years it will take for savings to double in value at different rates of interest.

8-6c: Identify types of accounts that do not offer deposit insurance.

8-2d: Discuss how savings decisions can affect financial well-being.