# CTE Resource Center - Verso - Economics and Personal Finance Task 1577046159

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Evaluate discretionary spending decisions.

Definition

Evaluation should include decisions about spending for things such as entertainment, recreational activities, dining out, clothing, charitable donations, and vacations.

Other Related Standards

Economics and Personal Finance Standards of Learning

EPF.11

The student will demonstrate knowledge of planning for living and leisure expenses by
  1. comparing the costs and benefits of purchasing vs. leasing a vehicle;
  2. comparing the advantages and disadvantages of renting vs. purchasing a home;
  3. describing the process of renting housing;
  4. describing the process of purchasing a home;
  5. calculating the cost of utilities, services, maintenance, and other housing expenses; and
  6. evaluating discretionary spending decisions.

FBLA Competitive Events and Activities Areas

Business Calculations

 

Business Math

 

Economics

 

Introduction to Business

 

Personal Finance