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| Financial Literacy Standards at a Glance |
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OKMM now offers Personal Financial Literacy (PFL) modules designed to support students and educators in meeting all 14 state-mandated financial literacy standards. These targeted modules include a built-in quiz that enables students to demonstrate their understanding of the content while fulfilling their high school graduation requirement.
Each edition of our newsletter will feature two PFL modules. This month’s focus highlights Earning an Income and State and Federal Taxes.
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The Earning an Income module introduces students to the foundational role income plays in meeting basic needs, achieving personal goals, and supporting long‑term financial independence. The module also emphasizes the importance of budgeting as a tool for managing income, setting spending limits, and prioritizing financial objectives.
Within this module, students explore key concepts, including:
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- How financial decisions require weighing costs and benefits, and how career choices, income potential, and entrepreneurship influence an individual’s ability to achieve personal and financial goals.
- Human capital, including education, skills, training and initiative, plays a critical role in shaping early earning potential and long‑term financial success.
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Budgeting and spending plans help individuals manage income, track expenses, and make informed decisions that support both short‑ and long‑term goals.
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The State and Federal Taxes module provides students with an understanding of the purpose of taxation and its role in supporting communities and government operations at the local, state, and federal levels. Students learn how tax revenue funds essential public goods and services, such as schools, transportation infrastructure, public safety, and other programs that benefit individuals and society as a whole.
The module also addresses the importance of meeting tax obligations and explains the potential consequences of failing to do so, including penalties, additional fees, and legal repercussions. Through this instruction, students gain a better understanding of their responsibilities as taxpayers and their role in contributing to a functioning society.
In addition, the module explains how common tax forms work together in the filing process. Students are introduced to the W‑2, W‑4, and the 1040 form, learning the purpose of each and how they are used to file a federal tax return.
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To access all 14 PFL modules, visit the High School Students section on the OklahomaMoneyMatters.org website. Students are encouraged to read each standard and take the interactive quiz at the end of the lesson. Quiz results can be emailed directly to their counselor or instructor afterwards.
If you have any questions or would like to request in-person instruction, please reach out to Ann Thaxton (athaxton@ocap.org) our High School Financial Education Specialist.
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April is Financial Literacy Month, highlighting the importance of helping students build the knowledge and confidence needed to make informed financial decisions. By promoting financial education, this observance supports long-term financial stability, encourages responsible money management, and helps individuals build a stronger foundation for future success.
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It’s a timely reminder of the role schools play in preparing students for real world responsibilities beyond graduation.
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Explore the March edition of Oklahoma Money Matters’ Financial Friday. This month, we share tips and strategies for enjoying spring break without breaking the bank.
As always, if you have money-saving tips you'd like to share, send us an email at OklahomaMoneyMatters@ocap.org. If you’d like to join our mailing list for Financial Friday and Outlook, please click the buttons below.
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We provide webinars and in-person training for educators, students and parents on budgeting, saving, credit, and more. To schedule an event, please complete our workshop request form, and our team will follow up to plan the details.
If you have any questions, don’t hesitate to contact the OKMM team:
Brittney Morgan
Higher Education Financial Education Specialist
bmorgan@ocap.org
Ann Thaxton
High School Financial Education Specialist
athaxton@ocap.org
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