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iRubric: Personal Finance 2:3,a Personal Finance Plan to Manage Debt rubric

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: JX86C92
By nijumon
Ready to use
Public Rubric
Subject: Finance  
Type: Assessment  
Grade Levels: 9-12, Undergraduate, Graduate

Powered by iRubric 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

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