Standard 1 – Earning an Income
Standard 1. The student will describe the importance of earning an income and explain how to manage personal income through the use of a budget.
- Evaluate how career choices, educational/vocational preparation, skills, and entrepreneurship affect income and standard of living (e.g., postsecondary degree/certification, needs versus wants, and ability to live on less than you earn).
- Identify the components of a personal/family budget (e.g., income, savings/investments, taxes, emergency fund, expenses, and charitable giving) based on short, medium, and long term goals (e.g., financial, personal, educational, and career).
- Explain how taxes, employee benefits, and payroll deductions affect income.
Online Lesson Plans and Curriculum
Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now
- Module 1.1: Jobs vs Careers
- Module 1.2: Income and Taxes
- Module 1.3: Goal-setting
- Module 1.4: Managing Your Income
It Just Adds Up | view now
- Lesson 1 – Money: How Much Will It Buy?
- Lesson 2 – Plotting Your Goals
- Lesson 3 – Budgeting: Planning for the Future
- Lesson 4 – Adjusting Your Actions
- Lesson 5 – Building Human Capital
- Lesson 6 – Earning an Income
- Lesson 7 – Entrepreneurship
- Lesson 21 – Budgeting: Planning for Special Purchases
- Lesson 22 – Money: How Much Will It Buy?
Budgeting: Making the Most of Your Money | NEFE
Earning Money Lessons and Worksheets | MoneyInstructor.com
FEFE | Family Economics & Financial Education
Council for Economic Education Lessons
Capstone: Exemplary Lessons for High School Economics, Unit 3:
- Lesson 15 – Why Do Some People Earn More Than Others?
- Lesson 17 – Creating and Using a Budget
- Lesson 19 - Earning an Income
Choices and Changes in Life, School, and Work
- Lesson 2 – Human Capital and Productivity
- Lesson 4 – I Am Part of the Economy
- Lesson 8 – My Human Capital
- Lesson 12 – Long-Term Consequences:
- Lesson 13 – A Job Application
