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50/30/20 Rule

50/30/20 Rule

Worksheet • 30 min of learning
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Here's how 50/30/20 Rule 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 Rule
FM1.c.m: Predict the opportunity costs of various decisions. Explain why the opportunity cost might differ from person to person or in different situations (e.g., auto or housing). Contrast cost-benefit and opportunity cost.
MM1.a.m: Construct a basic budget, including allocating spending and savings that spans for a week or a month.
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.
SI1.c.m: Create a savings plan to reach short- and long-term personal saving goals. Analyze how life changes or changes in circumstances can affect a personal savings goal.