50/30/20 Rule: West Virginia Standards Alignment

Here's how 50/30/20 Rule aligns with curriculum standards in West Virginia. Use the filters to change the location, set of standards, and grade level.

II: Group II - Personal Finance

SPECIFIC EVALUATION CRIT.: SPECIFIC EVALUATION CRIT.

4: Spending and Budgeting

Standards

Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with 50/30/20 Rule

1451.4.1: Classify expenses into needs or wants (e.g., living expenses, transportation, food, hobbies, entertainment, etc.).

1451.4.7: 1451.4.7 Describe basic budgeting strategies including the paying yourself first strategy.

1451.4.9: Construct, utilize, and monitor a budget to allocate current income to necessary and desired spending including estimates for both fixed and variable expenses.

1451.4.10: Explain the method of adjusting a budget for unexpected expenses or emergencies.

6: Savings, Investing, and Risks

Standards

Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with 50/30/20 Rule

1451.6.4: Explain how the savings strategy “pay yourself first” can help people achieve their saving goals.