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iRubric: Budgeting Help rubric

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Budgeting Help Budgeting Help Students will learn what a budget is. Be able to identify different parts of a budget. They will identify steady sources of income and types of expenses. They will be able to explain how to adjust a budget to achieve financial goals. Rubric Code: WX7WW72 By dclangdon Ready to use Public Rubric Subject: Finance Type: Assignment Grade Levels: 6-8, 9-12

Creating an Individualized Budget
	Standard Not Met 1 pts	Approaching Standard 2 pts	Standard Met 3 pts	Exceeding Standard 4 pts
Lifestyle Choices	Standard Not Met Not all choices were completed	Approaching Standard Choices were all made, but not realistic in regards to types of career and home and car choices.	Standard Met Choices were all made and realistic in two categories in regards to types of career, home and car choices.	Exceeding Standard Choices were all made and realistic in all categories in regards to types of career, home and car choices.
Montly budget	Standard Not Met More than 10 errors were made in regards to deposits, payments, balances, and description of transactions. A negative balance may also have been shown during the 3 months.	Approaching Standard Between 5-10 errors were made in regards to deposits, payments, description of transactions, and balances. A negative balance may also have been shown during the 3 months.	Standard Met Between 0-5 errors were made in regards to deposits, payments, balances, and description of transactions. A negative balance may also have been shown during the 3 months.	Exceeding Standard All deposits, payments, balances, and description of transactions were completed correctly and a positive balance was shown for all 3 months.
Budget Summary	Standard Not Met Did not summarize information about their budgets. Could not explain how their budget was created and adjusted.	Approaching Standard Summarized the basic information about their budget but struggled explaining how their budget was created and adjusted. Summaries contained all the correct information but very little reflection on the budgeting process.	Standard Met Summarized the information about their budget. They were able to explain their budget. Summaries were well thought out and included insightful information.	Exceeding Standard Summarized the information about their budget. They were able to explain their budget. Summaries were well thought out and included insightful information. Summaries were all in complete sentences.