Personal Financial Literacy TEKS Unit | Personal Finance Notes for 6th Grade (2024)

A 9 day Personal Financial Literacy TEKS-Aligned complete unit including: comparing salaries, the costs and features of a checking account, debit cards vs. credit cards, balancing a check register, information found on a credit report, and methods of payment for college.

Students will practice with both skill-based problems, real-world application questions, and error analysis to support higher level thinking skills. You can reach your students and teach the standards without all of the prep and stress of creating materials!

Standards: TEKS: 6.14.A, 6.14B, 6.14C, 6.14D, 6.14E, 6.14F, 6.14G, 6.14H; This unit is not available in a CCSS-aligned version. This content is only currently available aligned to 6th grade TEKS. It is not a part of the 6th grade Common Core Standards.

Learning Focus:

  • compare salaries and various methods to pay for college
  • distinguish between debit and credit cards
  • understand costs and features of a checking account and how to balance a check register

More details on what is included:

1. Unit Overviews

  • Streamline planning with unit overviews that include essential questions, big ideas, vertical alignment, vocabulary, and common misconceptions.
  • A pacing guide and tips for teaching each topic are included to help you be more efficient in your planning.

2. Student Handouts

  • Student-friendly guided notes are scaffolded to support student learning.
  • Available as a PDF and the student handouts/homework/study guides have been converted to Google Slides™ for your convenience.

3. Independent Practice

  • Daily homework is aligned directly to the student handouts and is versatile for both in class or at home practice.

4. Assessments

  • 1-2 quizzes, a unit study guide, and a unit test allow you to easily assess and meet the needs of your students.
  • The Unit Test is available as an editable PPT, so that you can modify and adjust questions as needed.

5. Answer Keys

  • All answer keys are included.

***Please download a preview to see sample pages and more information.***

How to use this resource:

  • Use as a whole group, guided notes setting
  • Use in a small group, math workshop setting
  • Chunk each student handout to incorporate whole group instruction, small group practice, and independent practice.
  • Incorporate our Personal Financial Literacy Activity Bundle for hands-on activities as additional and engaging practice opportunities.

Time to Complete:

  • Each student handout is designed for a single class period. However, feel free to review the problems and select specific ones to meet your student needs. There are multiple problems to practice the same concepts, so you can adjust as needed.

Is this resource editable?

  • The unit test is editable with Microsoft PPT. The remainder of the file is a PDF and not editable.

Looking for hands-on classroom activities?

  • Check out the corresponding Personal Financial Literacy Activity Bundle, which includes activities like scavenger hunts, find it and fix its, mazes and more to allow students to engage and practice the concepts. Win-win!

More 6th Grade TEKS-Aligned Units:

Unit 1: Numerical Representations

Unit 2: Positive Rational Numbers
Unit 3: Integer Operations
Unit 4: Ratios and Rates

Unit 5: Percents

Unit 6: Expressions

Unit 7: Equations and Inequalities

Unit 8: Algebraic Representations

Unit 9: Geometry
Unit 10: Data and Statistics

Unit 11: Personal Financial Literacy

More 6th Grade Activity Bundles:

Unit 1: Numerical Representations

Unit 2: Positive Rational Numbers

Unit 3: Integer Operations

Unit 4: Ratios and Rates Unit

Unit 5: Percents

Unit 6: Expressions

Unit 7: Equations and Inequalities

Unit 8: Algebraic Representations

Unit 9: Geometry
Unit 10: Data and Statistics

Unit 11: Personal Financial Literacy

Looking for more helpful teaching tips, ideas, and support? Check out Maneuveringthemiddle.com and join our online FB community MTM VIPS!

Try out a FREE math resource! Grab your freebie here!

Licensing:

This file is a license for ONE teacher and their students. Please purchase the appropriate number of licenses if you plan to use this resource with your team. Thank you!

Customer Service:

If you have any questions, please feel free to reach out for assistance. We aim to provide quality resources to help teachers and students alike, so contact me before leaving feedback if you have a need.

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Personal Financial Literacy TEKS Unit | Personal Finance Notes for 6th Grade (2024)

FAQs

What is financial literacy for 6th graders? ›

Financial literacy for middle schoolers, those typically in sixth through eighth grade, should include reaching students on topics including the importance of financial responsibility, money management, and smart decision making to ensure overall financial well-being.

How do you solve personal financial literacy? ›

6 ways to improve your financial literacy
  1. Subscribe to financial newsletters. For free financial news in your inbox, try subscribing to financial newsletters from trusted sources. ...
  2. Listen to financial podcasts. ...
  3. Read personal finance books. ...
  4. Use social media. ...
  5. Keep a budget. ...
  6. Talk to a financial professional.

What are good financial literacy questions? ›

Financial Literacy Test
  • How much money should you put into savings every month? ...
  • How much of your income should be used on monthly credit card payments? ...
  • What's the maximum debt-to-income ratio a person can have and still qualify for a mortgage? ...
  • How often can you check your credit report for free?

What are the 5 basics of personal finance? ›

There's plenty to learn about personal financial topics, but breaking them down can help simplify things. To start expanding your financial literacy, consider these five areas: budgeting, building and improving credit, saving, borrowing and repaying debt, and investing.

What is financial literacy short answer? ›

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.

What are the 6 components of financial literacy? ›

6 Key Aspects of Financial Literacy
  • Basics of Financial Planning.
  • Investment Planning.
  • Retirement Savings and Income Planning.
  • Tax and Estate Planning.
  • Risk Management & Insurance Planning.
  • Psychology of Financial Planning.

What are the 3 keys to financial literacy? ›

Three Key Components of Financial Literacy
  • An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan. ...
  • Dedicated Savings (and Saving to Spend) ...
  • ID Theft Prevention.

What are the 4 steps to financial literacy? ›

Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.

What are the four main types of financial literacy? ›

Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.

What is the big three big five? ›

According to the first, there are three main factors: Extraversion, Neuroticism and Psychoticism, whereas the Big Five theory claims that five factors are needed to account for most of the variance in the field of personality: Extraversion, Neuroticism, Agreeableness, Conscientiousness and Openness to Experience.

Is financial literacy a hard skill? ›

Some examples of hard skills could include computer skills, software development, financial literacy, bilingual or multilingual capabilities, or campaign management. You can also see hard skills demonstrated by licenses or accreditations that a worker has earned.

How many questions are on the financial literacy test? ›

View the results of over 93,000 people – representing all 50 US states – who have completed the National Financial Literacy Test, a 30-question test designed to measure participants' ability to earn, save, and grow their money.

What is the #1 rule of personal finance? ›

#1 Don't Spend More Than You Make

When your bank balance is looking healthy after payday, it's easy to overspend and not be as careful. However, there are several issues at play that result in people relying on borrowing money, racking up debt and living way beyond their means.

What is the 50-30-20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

What is the 10 rule in personal finance? ›

The 10% rule is a savings tip that suggests you set aside 10% of your gross monthly income for retirement or emergencies. If you still need to start a savings account, this is a great way to build up your savings. You should create a monthly budget before starting your savings journey.

What is financial literacy for middle school students? ›

There are three levels to financial literacy: understanding basic budgeting, understanding how loans and credit work, and understanding advanced concepts, like the stock market. Each of these aspects can be taught to middle-schoolers, on their level, so that they can have a sound grasp on how finances work.

What is financial literacy in middle school? ›

Image caption: Financial literacy empowers middle schoolers to make informed choices regarding money management. Middle school is a pivotal stage in a child's development, where they begin to form their attitudes and habits towards money.

What does financial literacy mean for kids? ›

Financial literacy is the knowledge and skills required to make sound financial decisions. This includes savings, investment, taxes, and credit, to name a few. Money management, budgeting, risk awareness, and avoiding scams are a few examples of skills taught through financial literacy classes.

What is financial literacy in elementary school? ›

At this age, financial education often focuses on basic concepts such as understanding the value of money, distinguishing between wants and needs, and beginning to grasp saving and spending. Games, stories, and interactive activities can be effective teaching methods for these foundational concepts.

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