Washington integrates financial literacy into existing courses rather than requiring a standalone class. The state has 253 financial literacy standards across 9 topic areas that are embedded within subjects like economics and social studies.
Last updated: March 2026
253
Standards
9
Topic Areas
integrated
Mandate Status
6-8, 9-12
Grade Levels
Does Washington Require Financial Literacy Education?
Yes, through integration. Washington requires financial literacy concepts to be taught within existing courses rather than as a standalone class. Washington requires financial literacy content integrated into social studies and career/technical education standards rather than as a standalone course. The state has incorporated personal finance competencies into the 2019 Social-Emotional Learning (SEL) standards and career readiness frameworks.
Mandate Details
- Status
- integrated
- Effective Year
- 2019
- Standalone Course
- No
- Grade Levels
- 6-8, 9-12
- Legislation
-
SB 5202 (2015); codified as RCW 28A.300.468-469 (2015)
2SSB 5720 (2022); 2022 Washington Laws Ch. 238 (2022-06-09)
HB 1285 (2025) - pending (pending (not yet enacted as of March 2026))
SB 5849 (2026) - pending (pending (pre-filed for 2026 session))
Key Agencies
Sets learning standards and provides curriculum guidance; does not make adoption decisions
Facilitates cooperative purchasing and provides procurement resources for member districts
Regional agencies that support districts with procurement, professional development, and curriculum resources
Largest district in state; major procurement opportunity
What this means for districts:
Teachers need resources that address financial literacy objectives within their existing courses. A standards-aligned supplement can help ensure coverage without requiring schedule changes.
What Are Washington's Financial Literacy Standards?
Washington has 253 financial literacy standards organized across 9 topic areas. These topics range from Consumer Skills & Protection and Credit & Debt Management to Banking & Financial Services, covering the full spectrum of personal finance education.
50 standards
Consumer Skills & Protection
44 standards
Credit & Debt Management
36 standards
Financial Planning & Goal Setting
31 standards
Saving & Investing
26 standards
Insurance & Risk Management
21 standards
Income & Taxes
17 standards
Budgeting & Money Management
15 standards
Education & Career Planning
13 standards
Banking & Financial Services
How Washington School Districts Adopt Financial Literacy Curriculum
Washington is an open territory state, meaning individual districts have the authority to select and purchase curriculum directly without state-level approval. Washington abolished mandatory statewide textbook adoption in the 1990s, allowing individual districts to make independent purchasing decisions based on local needs and budgets.
Purchasing Process
Districts have autonomy to select and purchase educational materials through various channels including direct vendor negotiation, cooperative purchasing agreements, and local RFPs.
Decision Level
Individual school districts make all purchasing decisions for educational materials and curriculum resources with guidance from the Washington Office of Superintendent of Public Instruction (OSPI).
Cooperative Purchasing Options
Washington State School Directors' Association (WSSDA) Cooperative Purchasing
Educational Service District (ESD) Cooperative Agreements
Northwest Textbook Consortium (multi-state cooperative)
Curriculum That Meets Washington's Financial Literacy Standards
Districts looking for a standards-aligned financial literacy curriculum can use iKnowFi Academy — a self-paced, online platform built on the Absorb LMS that maps directly to Washington's learning objectives. iKnowFi Academy covers 203 of 253 standards (80.2% coverage) across 10 courses.
Washington Standards Coverage
80.2%
203 of 253 standards covered
10 courses
Aligned Courses
Borrowing Money
4 modules ·
15 standards aligned
Establishing Credit
3 modules ·
20 standards aligned
Financial Building Blocks
3 modules ·
24 standards aligned
Financial Preparation and Recovery
5 modules ·
40 standards aligned
Making Housing Decisions
3 modules ·
7 standards aligned
Managing Your Debt
4 modules ·
11 standards aligned
Managing Your Money
4 modules ·
22 standards aligned
The Importance of Saving
2 modules ·
2 standards aligned
Using Credit Cards
2 modules ·
10 standards aligned
Your Financial Future
4 modules ·
52 standards aligned
Washington's Financial Literacy Standards & iKnowFi Academy Alignment
All 253 standards — 203 covered by iKnowFi Academy.
Consumer Skills & Protection
40/50 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 7. Demonstrate how to use comparison shopping skills to buy or finance a major purchase. | 9 | Borrowing Money |
| 9.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 8. Research the cost of expenses associated with postsecondary education. | 9 | Your Financial Future |
| 10.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 7. Demonstrate how to use comparison shopping skills to buy or finance a major purchase. | 10 | Borrowing Money |
| 10.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 8. Research the cost of expenses associated with postsecondary education and the financial impact of dual-credit or technical training opportunities in high school. | 10 | Your Financial Future |
| 10.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 9. Research the costs and benefits of a new versus used car (e.g., maintenance, safety, financing, and gas mileage) versus alternative forms of transportation. | 10 | Borrowing Money |
| 11.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 8. Demonstrate how to use comparison shopping skills to buy or finance a major purchase. | 11 | Borrowing Money |
| 11.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 9. Compare the cost of expenses associated with a postsecondary education at three institutions. | 11 | Your Financial Future |
| 11.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 10. Compare the costs and benefits of a new versus used car (e.g., maintenance, safety, financing, and gas mileage) with public transportation. | 11 | Borrowing Money |
| 12.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 12. Demonstrate how to use comparison shopping skills to buy or finance a major purchase. | 12 | Borrowing Money |
| 12.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 13. Compare the advantages and disadvantages of owning a house versus renting a house. | 12 | Making Housing Decisions |
| 12.CD | Credit and Debt: Summarize major consumer credit laws. — 20. Summarize online information about the Equal Credit Opportunity Act. | 12 | Using Credit Cards |
| 12.CD | Credit and Debt: Summarize major consumer credit laws. — 21. Research online information about consumer credit rights available from the Federal Trade Commission. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize major consumer credit laws. — 22. Give examples of how the Consumer Financial Protection Bureau protects borrowers and provides information about credit issues. | 12 | Managing Your Debt |
| 12.CD | Credit and Debt: Summarize major consumer credit laws. — 24. Describe debtors' and creditors' rights related to wage garnishment and repossession when an overdue debt is not paid. | 12 | Managing Your Debt |
| 12.CD | Credit and Debt: Summarize major consumer credit laws. — 25. Give examples of legal, illegal, and fraudulent debt collection practices covered by the Fair Debt Collection Practices Act. | 12 | Managing Your Debt |
| 12.I | Investing: Investigate how agencies protect investors and regulate financial markets and products. — 10. Identify warning signs of investment fraud. | 12 | Financial Preparation and Recovery |
| 12.I | Investing: Investigate how agencies protect investors and regulate financial markets and products. — 11. Identify steps and resources a consumer can take to prevent investment fraud. | 12 | Financial Preparation and Recovery |
| 9.FD | Financial Decision-Making: Control personal information. — 6. Understand identity theft prevention strategies. | 9 | Financial Preparation and Recovery |
| 10.FD | Financial Decision-Making: Use reliable resources when making financial decisions. — 5. Evaluate whether financial information is objective, accurate, and current. | 10 | Managing Your Money |
| 10.FD | Financial Decision-Making: Control personal information. — 8. Understand identity theft prevention strategies. | 10 | Financial Preparation and Recovery |
| 11.FD | Financial Decision-Making: Use reliable resources when making financial decisions. — 3. Evaluate whether financial information is objective, accurate, and current. | 11 | Financial Preparation and Recovery |
| 11.FD | Financial Decision-Making: Use reliable resources when making financial decisions. — 4. Summarize factors to consider when selecting a financial professional. | 11 | Your Financial Future |
| 11.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 9. Identify the factors that make a contract legal and binding. | 11 | Using Credit Cards |
| 11.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 10. Summarize the terms of a credit card or other loan agreement. | 11 | Using Credit Cards |
| 11.FD | Financial Decision-Making: Control personal information. — 12. Identify where to find the steps to resolve identity theft problems as recommended by the Federal Trade Commission and relevant financial institutions. | 11 | Financial Preparation and Recovery |
| 11.FD | Financial Decision-Making: Control personal information. — 13. Understand identity theft prevention strategies. | 11 | Financial Preparation and Recovery |
| 11.FD | Financial Decision-Making: Control personal information. — 15. Investigate consumer safeguards for mobile and online banking. | 11 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Use reliable resources when making financial decisions. — 3. Explain why an individual or household may want to consult with an attorney, financial planner, or tax advisor for financial advice or representation. | 12 | Your Financial Future |
| 12.FD | Financial Decision-Making: Use reliable resources when making financial decisions. — 4. List factors to consider when selecting a financial professional. | 12 | Your Financial Future |
| 12.FD | Financial Decision-Making: Summarize major consumer protection laws. — 5. Research where to find credible sources of up-to-date information about consumer rights and responsibilities. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Summarize major consumer protection laws. — 6. Investigate sources of assistance in resolving consumer disputes. | 12 | Managing Your Debt |
| 12.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 13. Summarize the factors that make a contract legal and binding. | 12 | Using Credit Cards |
| 12.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 14. Compare the terms of a credit card or other loan agreement. | 12 | Using Credit Cards |
| 12.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 15. Summarize the terms of a homeowners' or renters' insurance policy. | 12 | Making Housing Decisions |
| 12.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 16. Summarize the terms of a health insurance plan. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 17. Summarize local and state tenant and landlord rights and responsibilities that are covered in the terms of a standard rental lease agreement. | 12 | Making Housing Decisions |
| 12.FD | Financial Decision-Making: Control personal information. — 19. Outline steps to resolve identity theft problems as recommended by the Federal Trade Commission and relevant financial institutions. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Control personal information. — 20. Apply identity theft prevention strategies. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Control personal information. — 21. List entities that have a right to request certain personal financial data. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Control personal information. — 22. Investigate consumer safeguards for mobile and online banking. | 12 | Financial Preparation and Recovery |
| 9.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 9. Evaluate specific charities based on purpose, management, outcomes or results, and reputation. | 9 | — |
| 10.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 10. Evaluate specific charities based on purpose, management, outcomes or results, and reputation. | 10 | — |
| 11.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 11. Evaluate specific charities based on purpose, management, outcomes or results, and reputation. | 11 | — |
| 12.SS | Spending and Saving: Apply consumer skills to spending and saving decisions. — 14. Evaluate specific charities based on purpose, management, outcomes or results, and reputation. | 12 | — |
| 12.CD | Credit and Debt: Summarize major consumer credit laws. — 23. Research state agencies with responsibility for consumer protection. | 12 | — |
| 12.I | Investing: Investigate how agencies protect investors and regulate financial markets and products. — 12. Identify the roles of the Securities and Exchange Commission, Washington Department of Financial Institutions, and Consumer Financial Protection Bureau in addressing investment fraud. | 12 | — |
| 9.FD | Financial Decision-Making: Use reliable resources when making financial decisions. — 4. List sources of financial information that are objective, accurate, and current. | 9 | — |
| 11.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 11. Demonstrate how to find information on employment law to resolve an employee issue with an employer. | 11 | — |
| 11.FD | Financial Decision-Making: Control personal information. — 14. List entities that have a right to request certain personal financial data. | 11 | — |
| 12.FD | Financial Decision-Making: Analyze the requirements of contractual obligations. — 18. Research the use of small claims court for the redress of a consumer dispute. | 12 | — |
Credit & Debt Management
44/44 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 1. Identify various types of student loans (public and private) as a means of paying for postsecondary education. | 9 | Borrowing Money |
| 9.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 2. Identify alternatives to loans as a means of paying for postsecondary education. | 9 | Your Financial Future |
| 10.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 1. Compare the cost of borrowing $1,000 by means of different consumer credit options. | 10 | Borrowing Money |
| 10.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 2. Compare various types of student loans (public and private) as a means of paying for postsecondary education. | 10 | Borrowing Money |
| 10.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 3. Explore alternatives to loans such as educational laddering opportunities (i.e., acquiring skills incrementally as a person moves along their career path) as a means of paying for postsecondary education. | 10 | Your Financial Future |
| 10.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 4. Identify loan options for paying for a major purchase. | 10 | Borrowing Money |
| 10.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 5. Investigate alternatives to loans as a means of paying for postsecondary education, including scholarships and grants. | 10 | Your Financial Future |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 1. Identify how credit card grace periods, methods of interest calculation (e.g., annual percentage rate), and fees affect borrowing costs. | 11 | Using Credit Cards |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 2. List the types of information needed when applying for a credit card. | 11 | Using Credit Cards |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 3. Compare the total cost of reducing a credit card balance to zero with minimum payments versus above-minimum payments, all other terms being equal and no further purchases being made. | 11 | Using Credit Cards |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 4. Decide the most cost-effective loan option for paying for a car. | 11 | Borrowing Money |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 5. Compare alternatives to loans as a means of paying for postsecondary education. | 11 | Your Financial Future |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 6. Analyze the costs, benefits, and impact of investment in post-high school education by career option. | 11 | Your Financial Future |
| 11.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 7. Explain the effect of debt on net worth. | 11 | Managing Your Debt |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 8. Identify online information about the Fair Credit Reporting Act. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 9. Explain the importance of credit reports to borrowers and to lenders. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 10. Give examples of permissible uses of a credit report other than granting credit. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 11. Identify the primary organizations that maintain and provide consumer credit records. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 12. List the information in a credit report and how long it is retained. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 13. Explain the rights that people have to examine their credit reports (e.g., free annual credit report). | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 14. Identify ways that a negative credit report can affect a consumer's options. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 15. List the process of disputing inaccurate credit report data. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 16. Identify factors that affect a particular credit scoring system. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 17. Report how a credit score affects creditworthiness and the cost of credit. | 11 | Establishing Credit |
| 11.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 18. Investigate how student loan obligations differ from other kinds of debt. | 11 | Managing Your Debt |
| 12.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 1. Explain how credit card grace periods, methods of interest calculation (e.g., annual percentage rate) and fees affect borrowing costs. | 12 | Using Credit Cards |
| 12.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 2. Categorize the types of information needed when applying for credit. | 12 | Borrowing Money |
| 12.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 3. Illustrate the total cost of reducing a credit card balance to zero with minimum payments versus above-minimum payments, all other terms being equal and no further purchases being made. | 12 | Using Credit Cards |
| 12.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 4. Predict the potential consequences of deferred payment of student loans. | 12 | Managing Your Debt |
| 12.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 5. Differentiate between adjustable- and fixed-rate mortgages. | 12 | Making Housing Decisions |
| 12.CD | Credit and Debt: Analyze the costs and benefits of various types of credit. — 6. Explain the effect of debt on a person's net worth. | 12 | Your Financial Future |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 7. Summarize online information about the Fair Credit Reporting Act. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 8. Explain the usefulness of credit reports to borrowers and to lenders. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 9. Give examples of permissible uses of a credit report other than granting credit. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 10. Identify the primary organizations that maintain and provide consumer credit records. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 11. Categorize the information in a credit report and how long it is retained. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 12. Investigate ways that a negative credit report can affect a consumer's options. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 13. Outline the process of disputing inaccurate credit report data. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 14. Summarize factors that affect a particular credit scoring system. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Summarize a borrower's rights and responsibilities related to credit reports. — 15. Predict how a credit score affects creditworthiness and the cost of credit. | 12 | Establishing Credit |
| 12.CD | Credit and Debt: Apply strategies to avoid or correct debt management problems. — 16. Investigate how student loan obligations differ from other kinds of debt. | 12 | Managing Your Debt |
| 12.CD | Credit and Debt: Apply strategies to avoid or correct debt management problems. — 17. Develop a personal financial plan to manage debt, including working directly with lenders. | 12 | Managing Your Debt |
| 12.CD | Credit and Debt: Apply strategies to avoid or correct debt management problems. — 18. Examine or research the types of services that financial institutions or consumer credit counseling agencies offer for debt restructuring. | 12 | Managing Your Debt |
| 12.CD | Credit and Debt: Apply strategies to avoid or correct debt management problems. — 19. Investigate the purpose of bankruptcy and its possible negative effects on assets, employability, and credit cost and availability. | 12 | Managing Your Debt |
Financial Planning & Goal Setting
28/36 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 1. Identify how individual responsibility for financial well-being will change over a lifetime with changing life circumstances. | 9 | Your Financial Future |
| 9.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 3. Consider how personal financial decisions might affect an individual. | 9 | Managing Your Money |
| 9.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 5. Identify elements of a contingency plan to handle events (e.g., car breakdown or phone loss) that might affect personal finances on short notice. | 9 | Financial Preparation and Recovery |
| 10.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 1. Predict how individual responsibility for financial well-being will change over a lifetime with changing life circumstances. | 10 | Your Financial Future |
| 10.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 3. Consider how personal financial decisions might affect family members. | 10 | Managing Your Money |
| 10.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 4. Consider different definitions of wealth based on personal values, priorities, and goals. | 10 | Managing Your Money |
| 10.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 6. Analyze expenses and risks of alternative financing or predatory lending options such as payday loans and credit card cash advances. | 10 | Borrowing Money |
| 10.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 7. Develop a contingency plan to handle events (e.g., car breakdown or phone loss) that might affect personal finances on short notice. | 10 | The Importance of Saving |
| 11.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 1. Discuss how individual responsibility for financial well-being will change over a lifetime with changing life circumstances. | 11 | Managing Your Money |
| 11.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 2. Develop a definition of wealth based on personal values, priorities, and goals. | 11 | Managing Your Money |
| 11.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 5. Develop a backup plan for a specific financial goal when circumstances change (e.g., job loss, illness, major gift, or inheritance). | 11 | Financial Preparation and Recovery |
| 11.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 6. Analyze how sales and property taxes affect financial decisions, such as buying a car or a house. | 11 | Financial Preparation and Recovery |
| 11.FD | Financial Decision-Making: Apply communication strategies when discussing financial issues. — 7. Assess the value of sharing financial goals and personal financial information with a partner before combining households. | 11 | Managing Your Money |
| 11.FD | Financial Decision-Making: Apply communication strategies when discussing financial issues. — 8. Demonstrate how to negotiate the sales price of a major purchase, such as a car or a motorcycle. | 11 | Borrowing Money |
| 11.FD | Financial Decision-Making: Use a personal financial plan or budget. — 16. Develop a personal financial plan or budget, including goals, spending and saving plan, investing plan, insurance plan, a net worth statement, and an estate plan. | 11 | Your Financial Future |
| 11.FD | Financial Decision-Making: Use a personal financial plan or budget. — 17. List the main components of a simple will. | 11 | Your Financial Future |
| 12.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 1. Consider how personal financial decisions might affect society. | 12 | Managing Your Money |
| 12.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 2. Revise your definition of wealth based on personal values, priorities, and goals. | 12 | Managing Your Money |
| 12.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 8. Develop a backup plan for a specific financial goal when circumstances change (e.g., job loss, illness, major gift, or inheritance). | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 9. Analyze expenses and risks of alternative financing options (e.g., payday loans and credit card cash advances). | 12 | Borrowing Money |
| 12.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 10. Develop a contingency plan to handle events (e.g., car breakdown or a phone loss) that might affect personal finances on short notice. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Apply communication strategies when discussing financial issues. — 11. Assess the importance of sharing financial goals and personal financial information with a partner before combining households. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Apply communication strategies when discussing financial issues. — 12. Demonstrate how to negotiate the sales price of a major purchase, such as a car or a motorcycle. | 12 | Making Housing Decisions |
| 12.FD | Financial Decision-Making: Use a personal financial plan or budget. — 23. Develop a personal financial plan or budget, including goals, spending and saving plan, investing plan, insurance plan, a net worth statement, and an estate plan. | 12 | Financial Building Blocks |
| 12.FD | Financial Decision-Making: Use a personal financial plan or budget. — 24. Devise a strategy to monitor the personal financial plan or budget and make modifications as needed for changing circumstances. | 12 | Financial Building Blocks |
| 12.FD | Financial Decision-Making: Use a personal financial plan or budget. — 25. List the main components of a simple will. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Use a personal financial plan or budget. — 26. Identify how money and property will be distributed in one's state of residence when a person dies without a valid will. | 12 | Financial Preparation and Recovery |
| 12.FD | Financial Decision-Making: Use a personal financial plan or budget. — 27. Explain the purpose of a durable power of attorney for health care (living will). | 12 | Financial Preparation and Recovery |
| 9.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 2. Identify ways that financial responsibility is different for individuals with and without dependents. | 9 | — |
| 9.FD | Financial Decision-Making: Use a personal financial plan or budget. — 7. List the main components of a simple will. | 9 | — |
| 9.FD | Financial Decision-Making: Use a personal financial plan or budget. — 8. Explain the purpose of a durable power of attorney for health care (living will). | 9 | — |
| 10.FD | Financial Decision-Making: Recognize the responsibilities associated with personal financial decisions. — 2. Compare how financial responsibility is different for individuals with and without dependents. | 10 | — |
| 10.FD | Financial Decision-Making: Use a personal financial plan or budget. — 9. List the main components of a simple will. | 10 | — |
| 10.FD | Financial Decision-Making: Use a personal financial plan or budget. — 10. Explain the purpose of a durable power of attorney for health care (living will). | 10 | — |
| 11.FD | Financial Decision-Making: Use a personal financial plan or budget. — 18. Explain the purpose of a durable power of attorney for health care (living will). | 11 | — |
| 12.FD | Financial Decision-Making: Make criterion-based financial decisions by systematically considering alternatives and consequences. — 7. Predict how inflation will affect the outcomes of financial decisions, as well as the price of goods and services. | 12 | — |
Saving & Investing
29/31 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.I | Investing: Explain how investing may build wealth and help meet financial goals. — 1. Examine strategies for investing as part of a comprehensive financial plan. | 9 | Your Financial Future |
| 9.I | Investing: Explain how investing may build wealth and help meet financial goals. — 2. Compare the impact of delaying investment for retirement to beginning investing early. | 9 | Your Financial Future |
| 9.I | Investing: Explain how investing may build wealth and help meet financial goals. — 3. Compare strategies for investing as part of a comprehensive financial plan. | 9 | Your Financial Future |
| 9.I | Investing: Evaluate investment alternatives. — 4. Identify types of investments appropriate for different objectives such as liquidity, income, and growth. | 9 | Your Financial Future |
| 9.I | Investing: Evaluate investment alternatives. — 5. List the advantages of taxable, tax-deferred, and tax-advantaged investments for new savers, including Roth IRAs (individual retirement accounts) and employer-sponsored retirement plans. | 9 | Your Financial Future |
| 9.I | Investing: Demonstrate how to buy and sell investments. — 7. List the advantages and disadvantages of buying and selling investments through various channels, including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchase. | 9 | Your Financial Future |
| 10.I | Investing: Explain how investing may build wealth and help meet financial goals. — 1. Define the time value of money and explain how money invested regularly over time may grow exponentially. | 10 | The Importance of Saving |
| 10.I | Investing: Evaluate investment alternatives. — 3. Compare types of investments appropriate for different objectives such as liquidity, income, and growth. | 10 | Your Financial Future |
| 10.I | Investing: Demonstrate how to buy and sell investments. — 4. Give examples of how economic conditions and business factors affect the market value of a stock. | 10 | Your Financial Future |
| 10.I | Investing: Demonstrate how to buy and sell investments. — 5. List various sources of information, including prospectuses, online resources, and financial publications to gather data about specific investments. | 10 | Your Financial Future |
| 10.I | Investing: Demonstrate how to buy and sell investments. — 6. Compare the advantages and disadvantages of buying and selling investments through various channels, including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchase. | 10 | Your Financial Future |
| 11.I | Investing: Explain how investing may build wealth and help meet financial goals. — 1. Compare strategies for investing as part of a comprehensive financial plan. | 11 | Your Financial Future |
| 11.I | Investing: Explain how investing may build wealth and help meet financial goals. — 2. Give examples of how employer matching contributions to employer-sponsored retirement savings plans and vesting schedules affect participating employees. | 11 | Your Financial Future |
| 11.I | Investing: Explain how investing may build wealth and help meet financial goals. — 3. Illustrate how the time value of money applies to retirement planning. | 11 | Your Financial Future |
| 11.I | Investing: Evaluate investment alternatives. — 4. Identify fees for buying, owning, and selling stocks, bonds, and mutual funds. | 11 | Your Financial Future |
| 11.I | Investing: Evaluate investment alternatives. — 5. Investigate reasons to use retirement savings plans and health savings accounts. | 11 | Your Financial Future |
| 11.I | Investing: Demonstrate how to buy and sell investments. — 6. Assess how economic conditions and business factors affect the market value of a stock. | 11 | Your Financial Future |
| 11.I | Investing: Demonstrate how to buy and sell investments. — 7. Compare various sources of information, including prospectuses, online resources, and financial publications to gather data about specific investments. | 11 | Your Financial Future |
| 11.I | Investing: Demonstrate how to buy and sell investments. — 8. Explore evaluation strategies, including risk tolerance, for selecting investments that meet the objectives of a personal financial plan. | 11 | Your Financial Future |
| 11.I | Investing: Demonstrate how to buy and sell investments. — 9. Discuss the advantages and disadvantages of buying and selling investments through various channels, including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchase. | 11 | Your Financial Future |
| 12.I | Investing: Explain how investing may build wealth and help meet financial goals. — 1. Compare strategies for investing as part of a comprehensive financial plan. | 12 | Your Financial Future |
| 12.I | Investing: Explain how investing may build wealth and help meet financial goals. — 2. Describe the importance of various sources of income in retirement, including Social Security, employer-sponsored retirement savings plans, and personal investments. | 12 | Your Financial Future |
| 12.I | Investing: Evaluate investment alternatives. — 3. Differentiate between diversification and asset allocation. | 12 | Your Financial Future |
| 12.I | Investing: Evaluate investment alternatives. — 4. Compare fees for buying, owning, and selling stocks, bonds, and mutual funds. | 12 | Your Financial Future |
| 12.I | Investing: Evaluate investment alternatives. — 5. Compare the advantages of taxable, tax-deferred, and tax-advantaged investments for new savers, including Roth IRAs (individual retirement accounts) and employer-sponsored savings plans. | 12 | Your Financial Future |
| 12.I | Investing: Demonstrate how to buy and sell investments. — 6. Give examples of how economic conditions and business factors affect the market value of a stock. | 12 | Your Financial Future |
| 12.I | Investing: Demonstrate how to buy and sell investments. — 7. Use various sources of information, including prospectuses, online resources, and financial publications to gather data about specific investments. | 12 | Your Financial Future |
| 12.I | Investing: Demonstrate how to buy and sell investments. — 8. Devise evaluation strategies, including risk tolerance, for selecting investments that meet the objectives of a personal financial plan. | 12 | Your Financial Future |
| 12.I | Investing: Demonstrate how to buy and sell investments. — 9. Analyze the advantages and disadvantages of buying and selling investments through various channels including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchase. | 12 | Your Financial Future |
| 9.I | Investing: Demonstrate how to buy and sell investments. — 6. Give examples of how economic conditions and business factors affect the market value of a stock. | 9 | — |
| 10.I | Investing: Explain how investing may build wealth and help meet financial goals. — 2. Calculate and compare the time value of money in the following situations: (a) Given a rate of return and number of years, calculate the future value of a lump sum investment. (b) Given a rate of return and number of years, calculate the lump sum amount an investor must invest today to reach a specific financial goal at a future date. (c) Given a rate of return, number of years, and frequency of periodic payments, calculate the end (future) value of an investment. (d) Given a rate of return, number of years, and frequency of payments, calculate the periodic payment amount needed to reach a specific investment goal. | 10 | — |
Insurance & Risk Management
11/26 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 2. Recommend insurance for various types of risk. | 9 | Financial Preparation and Recovery |
| 10.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 1. Identify circumstances in which self-insurance is appropriate. | 10 | Financial Preparation and Recovery |
| 10.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 2. Give examples of insurance for the types of risks that young adults might face. | 10 | Financial Preparation and Recovery |
| 11.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 1. Give examples of circumstances in which self-insurance is appropriate. | 11 | Financial Preparation and Recovery |
| 11.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 3. Recommend insurance for various types of risk. | 11 | Financial Preparation and Recovery |
| 11.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 6. Identify the factors that influence the cost of homeowners' insurance. | 11 | Making Housing Decisions |
| 12.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 1. Research insurance for the types of risks that young adults might face after graduation. | 12 | Financial Preparation and Recovery |
| 12.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 2. Investigate consequences of insurance fraud. | 12 | Financial Preparation and Recovery |
| 12.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 4. Calculate payment expected on an auto insurance claim after applying exclusions and deductibles. | 12 | Financial Preparation and Recovery |
| 12.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 5. Calculate payment expected on an auto insurance claim after applying exclusions and deductibles. | 12 | Financial Preparation and Recovery |
| 12.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 6. Analyze the factors that influence the cost of renters' insurance. | 12 | Making Housing Decisions |
| 9.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 1. Evaluate the costs and benefits of an extended warranty. | 9 | — |
| 9.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 3. List the main types of auto insurance coverage. | 9 | — |
| 9.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 4. Determine the legal minimum amounts of auto insurance coverage required in one's state of residence and the recommended optimal amounts. | 9 | — |
| 10.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 3. Differentiate among the main types of auto insurance coverage. | 10 | — |
| 10.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 4. List factors that determine auto insurance premiums and the factors that cause them to change. | 10 | — |
| 10.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 5. Compare the legal minimum amounts of auto insurance coverage required in Washington state and the recommended optimal amounts. | 10 | — |
| 11.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 2. Evaluate the costs and benefits of an extended warranty. | 11 | — |
| 11.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 4. Differentiate among the main types of auto insurance coverage. | 11 | — |
| 11.RM | Risk Management and Insurance: Justify reasons to use property and liability insurance. — 5. Analyze factors that determine auto insurance premiums and the factors that cause them to change. | 11 | — |
| 12.RM | Risk Management and Insurance: Identify common types of risks and basic risk management methods. — 3. Describe the functions of the agency or agencies that regulate insurance in one's state of residence. | 12 | — |
| 12.RM | Risk Management and Insurance: Justify reasons to use health, disability, long-term care, and life insurance. — 7. Analyze the conditions under which it is appropriate for young adults to have health, disability, or life insurance. | 12 | — |
| 12.RM | Risk Management and Insurance: Justify reasons to use health, disability, long-term care, and life insurance. — 8. Investigate health, dental, and vision insurance coverage options. | 12 | — |
| 12.RM | Risk Management and Insurance: Justify reasons to use health, disability, long-term care, and life insurance. — 9. Identify government programs that provide financial assistance for income loss due to illness, disability, or premature death. | 12 | — |
| 12.RM | Risk Management and Insurance: Justify reasons to use health, disability, long-term care, and life insurance. — 10. Compare sources of health and disability insurance coverage, including employee benefit plans. | 12 | — |
| 12.RM | Risk Management and Insurance: Justify reasons to use health, disability, long-term care, and life insurance. — 11. Explain the purpose of long-term care insurance. | 12 | — |
Income & Taxes
20/21 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.EI | Employment and Income: Analyze factors that affect net income. — 7. Differentiate between a progressive and regressive tax. | 9 | Financial Building Blocks |
| 9.EI | Employment and Income: Analyze factors that affect net income. — 8. Illustrate the relationship between income level and income tax liability. | 9 | Financial Preparation and Recovery |
| 10.EI | Employment and Income: Compare sources of personal income and compensation. — 4. Give examples of employee benefits and explain why they are forms of compensation. | 10 | Financial Building Blocks |
| 10.EI | Employment and Income: Analyze factors that affect net income. — 5. Complete IRS form W-4 (Employee's Withholding Allowance Certificate) to determine the optimal amount to withhold for personal income tax. | 10 | Financial Building Blocks |
| 10.EI | Employment and Income: Analyze factors that affect net income. — 6. Differentiate between gross, net, and taxable income. | 10 | Financial Building Blocks |
| 11.EI | Employment and Income: Compare sources of personal income and compensation. — 5. Summarize employee benefits and explain why they are forms of compensation. | 11 | Financial Building Blocks |
| 11.EI | Employment and Income: Compare sources of personal income and compensation. — 6. List required employer contributions and additional benefits that an employer might offer. | 11 | Financial Building Blocks |
| 11.EI | Employment and Income: Compare sources of personal income and compensation. — 7. Identify the monetary and non-monetary value of employee benefits in addition to wages and salaries. | 11 | Financial Building Blocks |
| 11.EI | Employment and Income: Analyze factors that affect net income. — 8. Complete IRS form W-4 (Employee's Withholding Allowance Certificate) to determine the optimal amount to withhold for personal income tax. | 11 | Financial Building Blocks |
| 11.EI | Employment and Income: Analyze factors that affect net income. — 9. List circumstances that would call for the adjustment of the income tax withholding allowance. | 11 | Financial Building Blocks |
| 11.EI | Employment and Income: Analyze factors that affect net income. — 10. Examine the benefits of participating in employer-sponsored retirement savings plans and health care savings plans. | 11 | Your Financial Future |
| 12.EI | Employment and Income: Compare sources of personal income and compensation. — 3. Analyze employee benefits and explain why they are forms of compensation. | 12 | Financial Building Blocks |
| 12.EI | Employment and Income: Compare sources of personal income and compensation. — 4. Differentiate between required employer contributions and additional benefits that an employer might offer. | 12 | Financial Building Blocks |
| 12.EI | Employment and Income: Compare sources of personal income and compensation. — 5. Analyze the monetary and non-monetary value of employee benefits in addition to wages and salaries. | 12 | Financial Building Blocks |
| 12.EI | Employment and Income: Compare sources of personal income and compensation. — 6. Calculate the future income needed to maintain a current standard of living. | 12 | Financial Building Blocks |
| 12.EI | Employment and Income: Compare sources of personal income and compensation. — 7. Identify typical sources of income in retirement. | 12 | Your Financial Future |
| 12.EI | Employment and Income: Analyze factors that affect net income. — 8. Revise IRS form W-4 (Employee's Withholding Allowance Certificate) to determine the optimal amount to withhold for personal income tax. | 12 | Financial Building Blocks |
| 12.EI | Employment and Income: Analyze factors that affect net income. — 9. Analyze circumstances that would call for the adjustment of the income tax withholding allowance. | 12 | Financial Building Blocks |
| 12.EI | Employment and Income: Analyze factors that affect net income. — 10. Examine the benefits of participating in employer-sponsored retirement savings plans and health care savings plans. | 12 | Your Financial Future |
| 12.EI | Employment and Income: Analyze factors that affect net income. — 11. Complete IRS Form 1040EZ, Form 1040, and applicable state income tax forms. | 12 | Financial Preparation and Recovery |
| 10.EI | Employment and Income: Analyze factors that affect net income. — 7. Complete IRS Form 1040EZ, Form 1040, and applicable state income tax forms. | 10 | — |
Budgeting & Money Management
16/17 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.SS | Spending and Saving: Develop a plan for spending and saving. — 1. Use a plan to manage spending and achieve financial goals. | 9 | Financial Building Blocks |
| 9.SS | Spending and Saving: Develop a system for keeping and using financial records. — 3. Investigate checking, savings, and credit card accounts that financial institutions provide. | 9 | Managing Your Money |
| 10.SS | Spending and Saving: Develop a plan for spending and saving. — 1. Create a plan to manage spending and achieve financial goals. | 10 | Financial Building Blocks |
| 10.SS | Spending and Saving: Develop a plan for spending and saving. — 2. Determine if and how charitable giving fits into a spending plan. | 10 | Financial Building Blocks |
| 10.SS | Spending and Saving: Develop a system for keeping and using financial records. — 3. Compare checking, savings, and credit card accounts that financial institutions provide. | 10 | Managing Your Money |
| 11.SS | Spending and Saving: Develop a plan for spending and saving. — 1. Specify how monetary and non-monetary assets can contribute to net worth. | 11 | Your Financial Future |
| 11.SS | Spending and Saving: Develop a plan for spending and saving. — 2. Analyze how changes in life circumstances can affect a personal spending plan. | 11 | Financial Building Blocks |
| 11.SS | Spending and Saving: Develop a plan for spending and saving. — 3. Investigate changes in personal spending behavior that contribute to wealth building. | 11 | Financial Building Blocks |
| 11.SS | Spending and Saving: Develop a system for keeping and using financial records. — 4. Identify expenses that are tax deductible and those that are not. | 11 | Financial Preparation and Recovery |
| 11.SS | Spending and Saving: Develop a system for keeping and using financial records. — 5. Use a system to retain evidence of tax-deductible expenditures. | 11 | Financial Preparation and Recovery |
| 11.SS | Spending and Saving: Develop a system for keeping and using financial records. — 6. Identify the records required to claim possible tax deductions and credits. | 11 | Financial Preparation and Recovery |
| 12.SS | Spending and Saving: Develop a plan for spending and saving. — 1. Specify how monetary and non-monetary assets can contribute to net worth. | 12 | Your Financial Future |
| 12.SS | Spending and Saving: Develop a plan for spending and saving. — 2. Investigate changes in personal spending behavior that contribute to wealth building. | 12 | Financial Building Blocks |
| 12.SS | Spending and Saving: Develop a system for keeping and using financial records. — 3. Differentiate between an expense that is tax deductible and one that is not. | 12 | Financial Preparation and Recovery |
| 12.SS | Spending and Saving: Develop a system for keeping and using financial records. — 4. Devise a system to retain evidence of tax-deductible expenditures. | 12 | Financial Preparation and Recovery |
| 12.SS | Spending and Saving: Develop a system for keeping and using financial records. — 5. Investigate the records required to claim possible tax deductions or credits. | 12 | Financial Preparation and Recovery |
| 9.SS | Spending and Saving: Develop a plan for spending and saving. — 2. Identify how charitable giving fits into a spending plan. | 9 | — |
Education & Career Planning
3/15 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.EI | Employment and Income: Explore job and career options. — 1. Explore a career plan that aligns with personal interests, financial goals, and desired lifestyle. | 9 | Your Financial Future |
| 9.EI | Employment and Income: Explore job and career options. — 3. Compare how employment opportunities vary across educational levels. | 9 | Your Financial Future |
| 9.EI | Employment and Income: Explore job and career options. — 6. Analyze the costs, benefits, and impact of investment in postsecondary education by career option. | 9 | Your Financial Future |
| 9.EI | Employment and Income: Explore job and career options. — 2. Create a template for a resume and cover letter. | 9 | — |
| 9.EI | Employment and Income: Explore job and career options. — 4. Explore how productivity among workers relates to workers' wages and job retention. | 9 | — |
| 9.EI | Employment and Income: Explore job and career options. — 5. Explore the risks, costs, and rewards of starting a business. | 9 | — |
| 10.EI | Employment and Income: Explore job and career options. — 1. Identify how non-income factors such as child-care options, cost of living, and work conditions can influence job choice. | 10 | — |
| 10.EI | Employment and Income: Explore job and career options. — 2. Outline a career plan that aligns with personal interests, financial goals, and desired lifestyle. | 10 | — |
| 10.EI | Employment and Income: Explore job and career options. — 3. Develop a resume and cover letter for a specific job of interest. | 10 | — |
| 11.EI | Employment and Income: Explore job and career options. — 1. Analyze how economic and other conditions can affect income and career opportunities and the need for lifelong training and education. | 11 | — |
| 11.EI | Employment and Income: Explore job and career options. — 2. Discuss how non-income factors such as child-care options, cost of living, and work conditions can influence job choice. | 11 | — |
| 11.EI | Employment and Income: Explore job and career options. — 3. Modify a career plan that aligns with personal interests, financial goals, and desired lifestyle. | 11 | — |
| 11.EI | Employment and Income: Explore job and career options. — 4. Develop a resume and cover letter for a specific job of interest. | 11 | — |
| 12.EI | Employment and Income: Explore job and career options. — 1. Revise a career plan that aligns with personal interests, financial goals, and desired lifestyle. | 12 | — |
| 12.EI | Employment and Income: Explore job and career options. — 2. Develop a resume and cover letter for a specific job of interest. | 12 | — |
Banking & Financial Services
12/13 covered
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9.SS | Spending and Saving: Describe how to use different payment methods. — 4. List the risks and protections of checks, prepaid cards, debit cards, gift cards, and online or mobile payment systems. | 9 | Managing Your Money |
| 9.SS | Spending and Saving: Describe how to use different payment methods. — 5. List the features and costs of personal checking accounts offered by different financial institutions. | 9 | Managing Your Money |
| 10.SS | Spending and Saving: Describe how to use different payment methods. — 4. Summarize the risks and protections of checks, prepaid cards, debit cards, gift cards, and online or mobile payment systems. | 10 | Managing Your Money |
| 10.SS | Spending and Saving: Describe how to use different payment methods. — 5. Compare the features and costs of personal checking accounts offered by different financial institutions. | 10 | Managing Your Money |
| 10.SS | Spending and Saving: Describe how to use different payment methods. — 6. Identify the costs of cashing a check with various third parties, such as banks and credit unions, check-cashing services, and retail outlets. | 10 | Managing Your Money |
| 11.SS | Spending and Saving: Describe how to use different payment methods. — 7. Compare the costs of cashing a check with various third parties such as banks and credit unions, check-cashing services, and retail outlets. | 11 | Managing Your Money |
| 12.SS | Spending and Saving: Describe how to use different payment methods. — 6. Compare the features and costs of online and mobile bill payment services offered by different institutions. | 12 | Managing Your Money |
| 12.SS | Spending and Saving: Describe how to use different payment methods. — 7. Compare the costs of cashing a check with various third parties, such as banks and credit unions, check-cashing services, and retail outlets. | 12 | Managing Your Money |
| 12.SS | Spending and Saving: Describe how to use different payment methods. — 8. Demonstrate how to schedule and manage bill payments. | 12 | Financial Building Blocks |
| 12.SS | Spending and Saving: Describe how to use different payment methods. — 9. Write a check. | 12 | Managing Your Money |
| 12.SS | Spending and Saving: Describe how to use different payment methods. — 10. Reconcile the balance of a checking account and verify the balance of a debit account. | 12 | Managing Your Money |
| 12.SS | Spending and Saving: Describe how to use different payment methods. — 11. Explain how to verify printed and online account statements for accuracy. | 12 | Managing Your Money |
| 9.SS | Spending and Saving: Describe how to use different payment methods. — 6. Identify the costs of cashing a check with various third parties, such as banks and credit unions, check-cashing services, and retail outlets. | 9 | — |
Washington Financial Literacy FAQ
Washington integrates financial literacy into existing courses rather than requiring a standalone class.
Washington requires financial literacy content integrated into social studies and career/technical education standards rather than as a standalone course. The state has incorporated personal finance competencies into the 2019 Social-Emotional Learning (SEL) standards and career readiness frameworks.
Washington's financial literacy requirements are established by SB 5202 (2015); codified as RCW 28A.300.468-469, 2SSB 5720 (2022); 2022 Washington Laws Ch. 238, HB 1285 (2025) - pending and SB 5849 (2026) - pending.
Required school districts to provide all students in grades 9-12 the opportunity to access financial education standards and adopted national personal finance standards as the state financial education learning standards, but did not mandate a graduation requirement. Required each school district, charter school, and state-tribal compact school to adopt one or more goals for expanding financial education instruction to students by March 1, 2023, but did not create a graduation requirement. Would make financial education instruction a graduation requirement starting with the class of 2031, requiring a half-credit course. Passed House 94-3 in March 2025 but was referred back from Senate to House Rules Committee; expected to continue in 2026 session. Pre-filed for the 2026 legislative session to make financial education a graduation requirement, led by State Treasurer Mike Pellicciotti and Sen. Adrian Cortes.
Washington's financial literacy standards apply to grades 6-8, 9-12. Standards are integrated into existing coursework.
Washington has 253 financial literacy standards spanning 9 topic areas including Credit & Debt Management, Consumer Skills & Protection, Saving & Investing, Financial Planning & Goal Setting, Income & Taxes.
Washington's 253 standards are organized across 9 topics: Credit & Debt Management, Consumer Skills & Protection, Saving & Investing, Financial Planning & Goal Setting, Income & Taxes, Budgeting & Money Management, Banking & Financial Services, Insurance & Risk Management, Education & Career Planning.
Washington is an open-territory state where individual districts purchase curriculum directly.
Districts have autonomy to select and purchase educational materials through various channels including direct vendor negotiation, cooperative purchasing agreements, and local RFPs.
iKnowFi Academy covers 203 of Washington's 253 financial literacy standards (80% coverage) across 10 self-paced online courses.
Each course is aligned to Washington's specific learning objectives, built on the Absorb LMS, and includes built-in assessments. Teachers assign them and students work independently.
Get Your Free Washington Standards Alignment Report
See exactly how iKnowFi Academy maps to each of Washington's 253 financial literacy standards — standard by standard, module by module.
- 203 of 253 standards covered
- 10 self-paced courses, ready to assign
- Built-in assessments and progress tracking
- No schedule changes needed — students work independently
Ready to see the full alignment?
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