Brenda Chapman, J.D.
Director of Social Studies/Personal Financial Literacy Education
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.
The intent of personal financial literacy education is to inform students how individual choices directly influence occupational goals and future earnings potential. Successful money management is a disciplined behavior and much easier when learned earlier in life. The fourteen areas of instruction designated in the Passport to Financial Literacy Act of 2007 (70 O.S. § 11-103.6h) are designed to provide students with the basic skills and knowledge needed to effectively manage their personal finances. Basic economic concepts of scarcity, choice, opportunity cost, and cost/benefit analysis are interwoven throughout the standards and objectives. This systematic way of making personal financial decisions will provide students a foundational understanding for making informed and successful personal financial decisions.
Real world topics covered by these standards include the following:
The law became effective on July 1, 2007. Implementation will begin in the 2008-09 school year. Implementation will be a graduated phase in process (see table for year and grade).
|Grades 7||2008-2009 School Year|
|Grades 7-8||2009-2010 School Year|
|Grades 7-9||2010-2011 School Year|
|Grades 7-10||2011-2012 School Year|
|Grades 7-11||2012-2013 School Year|
|Grades 7-12||2013-2014 School Year|