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iRubric: Personal Finance 2:3,a Personal Finance Plan to Manage Debt rubric
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Personal Finance 2:3,a Personal Finance Plan to Manage Debt
Personal Finance 2:3,a Personal Finance Plan to Manage Debt
Learners will use a hypothetical scenario to develop a personal finance plan that will manage and avoid debt.
Rubric Code:
RX8588W
By
ramosdmg
Ready to use
Public Rubric
Subject:
Finance
Type:
Assessment
Grade Levels:
9-12, Undergraduate, Graduate
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Personal Finance Plan
Distinguished
20 pts
Proficient
18 pts
Basic
16 pts
Below Expectation
10 pts
Non Performance
5 pts
Utilization of Information
Distinguished
Student uses ALL of the information described in the scenario and applies it to their financial plan.
Proficient
Student uses ALL of the information described in the scenario. However, some information may not have been applied appropriately
Basic
Student uses most of the information described in the scenario. Or, much of the information was not applied appropriately
Below Expectation
Student does not use all of the information described in the scenario, and does not apply the information appropriately
Non Performance
Student did not use the information described and did not apply it
Financial Plan Elements
Distinguished
Students include all 10 elements to their personal financial plan, i.e. Income, Savings, Housing, Utilities, Food, Transportation, Personal Expenses, Medical Expenses, Debt, and Recreation
Proficient
Students include at least 9 elements to their personal financial plan.
Basic
Students include at least 8 elements to their personal financial plan.
Below Expectation
Students include at least 7-5 elements in their personal financial plan.
Non Performance
Less than half of the elements were included.
Appropriate Allocatons
Distinguished
Student applied appropriate percentages to each element of their personal financial plan.
Proficient
Student applied appropriate percentages to most of the elements of their personal financial plan.
Basic
Student applied appropriate percentages to half of the elements of their personal financial plan.
Below Expectation
Student applied appropriate percentages to 3-4 elements of their personal financial plan
Non Performance
Student did not apply appropriate percentages to at least 3 elements of their personal financial plan.
Managing and Avoiding Debt
Distinguished
Student demonstrates the importance of avoiding and managing debt. Sufficient funds are available for savings and debt payments.
Proficient
Student demonstrates knowledge of avoiding and managing debt. Some money was available for savings and debt payments.
Basic
Student did not demonstrate knowledge of avoiding and managing debt. Not enough money was made available for either savings OR debt payments.
Below Expectation
Student did not demonstrate knowledge of avoiding and managing debt. Not enough money was made available for savings AND debt payments.
Non Performance
Student did not demonstrate knowledge of avoiding and managing debt. NO money was made available for debt or savings.
Balanced Budget
Distinguished
Student's personal financial plan showed a balanced budget with at least 10% allocated for savings.
Proficient
Student's personal financial plan showed a balanced budget with less than 10% allocated for savings.
Basic
Student's personal financial plan showed a balanced budget with no savings.
Below Expectation
Student's personal financial plan did not show a balanced budget.
Non Performance
Student did not perform this assessment.
Justification
Distinguished
Student justifies allocations using critical thinking and concepts used in class and learned in research
Proficient
Student justifies allocations proficiently using concepts learned in class
Basic
Student somewhat justifies allocations but does not use examples from class
Below Expectation
Student does not clearly justify their allocations
Non Performance
Student did not perform this assessment
Keywords:
Personal Finance, Manage Debt, Financial Plan
Subjects:
Finance
Types:
Assessment
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