PFL.SS.5.B

Develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle.

Personal Financial Literacy · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010

Standard Unwrapping

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Vocabulary
intermediate-term saving strategyinvesting strategygoaldown paymenthomevehicle
Skills
  • develop (intermediate-term saving strategies) #dok3
  • develop (intermediate-term investing strategies) #dok3
  • analyze (steps and requirements to accumulate a down payment) #dok3
  • evaluate (appropriate saving and investing strategies for specific intermediate-term goals) #dok4
Learning Targets
  • I can identify what it means to save and invest for intermediate-term goals. #dok1
  • I can list examples of intermediate-term financial goals, such as a down payment for a home or vehicle. #dok1
  • I can distinguish between saving and investing strategies. #dok2
  • I can describe how to accumulate a down payment through saving or investing. #dok2
  • I can develop a plan to save or invest for an intermediate-term goal. #dok3
  • I can create a step-by-step strategy to accumulate a down payment for a home or vehicle. #dok3
  • I can evaluate which saving or investing options best fit an intermediate-term financial goal. #dok4
  • I can justify my recommendations for an intermediate-term saving or investing plan. #dok4
Big Ideas
  • Setting and working towards intermediate-term financial goals requires effective saving and investing strategies.
  • Careful planning and disciplined saving or investing are essential to achieve significant purchases like a home or vehicle.
Essential Questions
  • What are the differences between short-, intermediate-, and long-term financial goals?
  • How can saving and investing strategies help you achieve intermediate-term goals, such as a down payment?
  • What factors should you consider when choosing the best strategy for an intermediate-term goal?
  • Why is it important to develop a specific plan for accumulating a down payment?
  • How do saving and investing options impact your ability to reach your intermediate-term goals?