Real Money. Real World. is aligned with industry expectations and meets standards found in:
- The national Jump$tart Coalition for Personal Financial Literacy’s National Standards in K-12 Personal Finance Education, found at http://www.jumpstart.org/national-standards.html
- Ohio Department of Education’s new learning standards being phased in 2014-15: Social Studies, found at http://education.ohio.gov/Topics/Academic-Content-Standards/New-Learning-Standards/Crosswalks-for-Ohio-s-College-and-Career-Ready-Sta
The following Jump$tart standards are met in RMRW:
Financial Responsibility and Decision Making
Standard 1: Take responsibility for personal financial decisions.
Standard 4: Make financial decisions by systematically considering alternatives and consequences.
Standard 5: Develop communication strategies for discussing financial issues.
Income and Careers
Standard 1: Explore career options.
Standard 3: Describe factors affecting take-home pay.
Planning and Money Management
Standard 1: Develop a plan for spending and saving.
Standard 3: Describe how to use different payment methods.
Standard 4: Apply consumer skills to purchase decisions.
Standard 5: Consider charitable giving.
Risk Management and Insurance
Standard 2: Explain the purpose and importance of property and liability insurance protection.
Standard 3: Explain the purpose and importance of health, disability, and life insurance protection.
Saving and Investing
Standard 1: Discuss how saving contributes to financial well-being.
The following Ohio High School Social Studies standards are met in RMRW:
Economics and Financial Literacy
Standard 3: People cannot have all the goods and services they want and, as a result, must choose some things and give up others.
Standard 11: Income is determined by many factors including individual skills and abilities, work ethic and market conditions.
Standard 12: Employee earning statements include information about gross wages, benefits, taxes, and other deductions.
Standard 13: Financial decision-making involves considering alternatives by examining costs and benefits.
Standard 14: A personal financial plan includes financial goals and a budget, including spending on goods and services, savings and investments, insurance and philanthropy.
Standard 15: Different payment methods have advantages and disadvantages.
Standard 16: Saving and investing help to build wealth.
Standard 17: Savings can serve as a buffer against economic hardship.
Standard 20: There are costs and benefits associated with various sources of credit available from different types of financial institutions.
Standard 21: Credit and debt can be managed to maintain credit worthiness.
Standard 23: Property and liability insurance protect against risks associated with use of property.
Standard 24: Health, disability and life insurance protect against risks associated with increased expenses and loss of income.
For a one page handout containing this information, Click Here.