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iRubric: Making Financial Decisions rubric

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Making Financial Decisions Making Financial Decisions Use this rubric to help evaluate financial decisions. It was not created for grading, but rather to help students learn to evaluate opportunities and make solid, responsible decisions that are thoughtful rather than impulsive Rubric Code: PXX878B By FrankAshe Ready to use Public Rubric Subject: Finance Type: Assessment Grade Levels: 6-8, 9-12, Undergraduate, Graduate, Post Graduate

Making Financial Decisions When making a major financial decision, run through these questions to ensure that you are acting consciously rather than impulsively
	Poor 1 pts	Fair 2 pts	Good 3 pts	Excellent 4 pts
Feelings This is the gut check. How do you feel when you think of saying YES to this opportunity or question?	Poor I feel sick to my stomach thinking about it	Fair I'm slightly nauseous, and feel foggy	Good I'm neither super calm nor nauseous. I feel neutral in my body about this.	Excellent I feel calm, happy and at peace
Cost Do you understand all the costs involved?	Poor Very expensive- I'll have to use savings or go into debt to do this	Fair Moderate cost- it won't break me, but spending the money does have an impact	Good Minimal cost	Excellent No cost/free
Benefits Can you articulate the tangible and intangible benefits of this decision?	Poor I have no idea what the benefits of making this decision could be.	Fair The benefits are minimal	Good I'm pretty confident there are benefits to saying yes.. but I'm not sure I could tell you exactly what they are.	Excellent There are incredible benefits to saying YES to this situation and I can clearly articulate them
Ease Does making this decision simplify or complicate your life?	Poor There is a great deal of complexity and there are things I don't have the answers to. This makes me feel inadequate and I've been doubting myself.	Fair It's complex, yet I think I understand all the moving parts. I'm doing ok asking questions, but don't always know how to respond.	Good It's relatively simple to understand this decision and there are only minor complexities	Excellent This is simple and straightforward. I feel relaxed.
Values Saying Yes to this opportunity/experience/product is in alignment with what I value -	Poor Actually, this product/experience goes against what I care for most in the world	Fair There is very little about this product/experience that aligns with me... its very limited or totally neutral.	Good It comes close to what I care most about... but misses the mark in a few places.	Excellent This is totally in alignment with my most deeply held values and passions