Texas Essential Knowledge and Skills (TEKS) - Social Studies - High School - World Geography - Personal Financial Literacy-Saving and investing Quizzes on Quizalize

The student understands the importance of saving and investing in creating wealth and building assets. The student is expected to:

Develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund.

Develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle.

Explain the tax benefits of charitable contributions.

Develop a long-term investing strategy to achieve a goal such as a financially secure retirement.

The student understands the implementation of a saving and investing plan. The student is expected to:

Discuss the role of financial institutions and markets in saving and investing.

Demonstrate the impact of compound growth over time.

Evaluate the costs and benefits of various savings options such as bank savings accounts, certificates of deposit, and money market mutual funds.

Evaluate risk and return of various investment options, including stocks, bonds, and mutual funds.

The student demonstrates an understanding of the importance of planning for retirement. The student is expected to:

Identify costs of retirement such as living expenses, health care expenses, and long-term care expenses.

Identify and explain sources of income during retirement, including Social Security, individual savings, and employer-sponsored plans.

Demonstrate an understanding of the importance of saving early and at a sufficient level to achieve financial security in retirement.

Personal Financial Literacy-Saving and investing