Personal Financial Literacy

Personal Financial Literacy is designed for students in Grades 7-12. These standards of learning are priority, essential, and necessary for all Oklahoma students. Learning the ideas, concepts, knowledge, and skills will enable students to implement personal financial decision-making skills; to become wise, successful, and knowledgeable consumers, savers, investors, users of credit, money managers, and to be participating members of a global workforce and society.

Real world topics covered by these standards include the following:

  • Earning an income

  • Understanding state and federal taxes

  • Banking and financial services

  • Balancing a checkbook

  • Savings and investing

  • Planning for retirement

  • Understanding loans and borrowing money, including predatory lending and payday loans

  • Understanding interest, credit card debt, and online commerce

  • Identity fraud and theft

  • Rights and responsibilities of renting or buying a home

  • Understanding insurance

  • Understanding the financial impact and consequences of gambling

  • Bankruptcy

  • Charitable giving

Personal Financial Literacy Resources for Teachers