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50/30/20 Budgeting

50/30/20 Budgeting

Article • 15 min of learning
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Here's how 50/30/20 Budgeting aligns with curriculum standards in Wisconsin. Use the filters to change the location, set of standards, and grade level.

Standards
Defined by Standards for Personal Financial Literacy 6th-8th Grades and align with 50/30/20 Budgeting
MM1.a.m: Construct a basic budget, including allocating spending and savings that spans for a week or a month.
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).
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.