---
title: "SSPFL2: Budgeting and Financial Review (Georgia Social Studies standard)"
code: SSPFL2
cite_as: Georgia Standards of Excellence, Social Studies, SSPFL2
subject: social_studies
grades:
  - high-school
language: en
canonical_url: https://georgiahomeroom.org/standards/code/SSPFL2
md_url: https://georgiahomeroom.org/standards/code/SSPFL2.md
alternate_language_url: https://georgiahomeroom.org/es/standards/code/SSPFL2.md
source_url: https://case.georgiastandards.org/ims/case/v1p1/CFDocuments/a446e74c-463e-11e7-94f5-b49cee8b2d8c
source_last_changed: 2025-02-04
data_built: 2026-09-18
publisher: Georgia Homeroom, a free public-interest project of Georgia Civic Data. Not affiliated with or endorsed by the Georgia Department of Education or any school district.
up: https://georgiahomeroom.org/standards/social_studies/high-school.md
index: https://georgiahomeroom.org/standards/index.md
---

# SSPFL2: Budgeting and Financial Review

Describe how budgeting and actively reviewing finances can be used to allocate scarce income.

- Subject: Social Studies
- Appears in: High School, https://georgiahomeroom.org/standards/social_studies/high-school.md

## Expectations

- **SSPFL2.a**: Explain the importance of setting short-term, medium-term, and long-term savings goals.
- **SSPFL2.b**: Differentiate between needs and wants.
- **SSPFL2.c**: Analyze the basic components of a personal budget including income, expenses, and savings.
- **SSPFL2.d**: Explain how to reconcile a checking account, either online or on paper, including how to account for transactions that have not been posted (i.e. checks or weekend debit card transactions).
- **SSPFL2.e**: Describe overdraft fees including why they are assessed and how to avoid them.
- **SSPFL2.f**: Explain the concept of net worth.

## Georgia Milestones coverage

No Georgia Milestones blueprint cites this standard.

Source: Georgia Standards of Excellence, published by the Georgia Department of Education at case.georgiastandards.org.