Analyzing Financial Responsible Decisions

T.i.P.S.

Students should review and analyze different real-life financial scenarios to determine if the decision in those scenarios were financially responsible or financially irresponsible.

Example

Mark just graduated college and is about to start his first professional job. He will make $55,000 a year. He has received 5 different credit cards offers in the mail. What would you tell Mark about accepting these offers?

Hint
Possible Solution

TEKS

8.12 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to:

(F) analyze situations to determine if they represent financially responsible decisions and identify the benefits of financial responsibility and the costs of financial irresponsibility

Feedback

Click here to submit feedback.