New York Financial Literacy Standards: Helpful Teacher Resource

New York Career & Financial Management Curriculum Framework Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the New York Career & Financial Management Curriculum Framework.

Legend:

Long-Term Game
Comprehensive Chapter
Short Lesson
Interactive Calculator
Includes Automatically-Graded Assessment

Standard	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
CAREER DEVELOPMENT (Short List)
Identify potential career pathways−16 career clusters as outlined in Common Career Technical Core (CCTC)	Lesson – Planning Your Career Path Lesson – What’s in Your Compensation Package? Lesson – Go to College or Start Working?
Identify resources to conduct career research	Lesson – Biggest Mistakes of Job Seekers
Create short-, mid- and long-term SMART goals for career planning process	Lesson – Planning Your Career Path Lesson – What’s in Your Compensation Package? Lesson – Go to College or Start Working?
OPTIONS BEYOND HIGH SCHOOL (Short List)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Research post-secondary educational options, including trade schools, certificate programs, and two- and four-year colleges	Lesson – Planning Your Career Path Lesson – Go to College or Start Working?
Explore employment opportunities including apprenticeships, labor unions, and full- and part-time employment	Lesson – Planning Your Career Path Lesson – Go to College or Start Working? Lesson – Are Internships Worth It?
Match their career goals, needs, and wants to the available options	Lesson – Planning Your Career Path
Apply decision-making skills to develop a plan that includes short- and longterm career goal	Lesson – Planning Your Career Path
Investigate the cost of educational options	Lesson – Go to College or Start Working? Lesson – Financing Your Education
Explore and identify types of financial assistance: scholarships, loans, Free Application for Federal Student Aid (FAFSA)	Lesson – Go to College or Start Working? Lesson – Financing Your Education
THE JOB SEARCH PROCESS (Short List)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Describe and compile the information required for job applications	Lesson – Acing Job Interviews Lesson – How to Get Past Resume Software
Develop materials to respond to online job postings	Lesson – How to Get Past Resume Software
Identify the skills to create a good first impression, either on the internet or face to face	Lesson – Acing Job Interviews Lesson – How to Get Past Resume Software
WORKPLACE REGULATIONS (Short List)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain workplace terms, such as working hours, overtime, minimum wage, prevailing wage, per diem, workers’ compensation insurance, unemployment insurance, Social Security, and disability insurance	Lesson – The Ultimate Employee Guide
Compare and contrast employer and worker rights and responsibilities	Lesson – The Ultimate Employee Guide
Examine the role of Social Security and unemployment insurance	Lesson – The Anatomy of Unemployment and other programs
Recognize the role of workers compensation insurance, disability insurance, and social security for on-the-job illness or injury	Lesson – The Ultimate Employee Guide
CAREER READINESS SKILLS (TRANSFERRABLE SKILLS)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify and discuss strategies to overcome obstacles and challenges to success in a variety of career and life settings	Lesson – Planning Your Career Path
LIFELONG LEARNING (Short List)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain how enrollment in skills development training, courses, degree programs, and/or workshops can enhance career growth, advancement, and/or lifelong learning	Lesson – Planning Your Career Path Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – How to Use Debt to Your Advantage
Understand the value that ongoing education has on career growth, achievement, and/or lifelong learning	Lesson – Planning Your Career Path
LEADERSHIP AND ETHICS (Short List)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Define leadership as it applies to the broad topic of career management	Lesson – What’s Your Leadership Style? Lesson – How to Plan for Business Success Lesson – Centralized and Decentralized Management Explained
Investigate, list, and describe characteristics of effective leaders	Lesson – What’s Your Leadership Style? Lesson – How to Plan for Business Success Lesson – Centralized and Decentralized Management Explained
Assess the impact leaders can have in the workplace, community, and the global marketplace	Lesson – Making Ethical Business Decisions
Describe the purpose of leadership organizations and how they promote ethics in leadership	Lesson – Making Ethical Business Decisions
Analyze why it is important for leaders to act ethically	Lesson – Making Ethical Business Decisions
BUSINESS AND TECHNOLOGICAL INNOVATIONS (Short List)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Develop skills to avoid identity theft and maintain identity security	Lesson – How to Avoid Identity Theft, Scams & Fraud
Explain how communications may differ based on different audiences	Lesson – Analyzing Consumer Behavior Lesson – How Businesses Find Their Ideal Customers Lesson – Why You Buy What You Buy
Describe the importance of online privacy and professionalism	Lesson – How to Avoid Identity Theft, Scams & Fraud
BUDGETING	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify reasons to create financial goals	Lesson – A Strategy to Build Wealth, Not Debt Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – The Secret to a Comfortable Retirement
Explain the value of having a spending plan/budget	Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending Lesson – Achieve Financial Goals with a Spending Plan Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Recognize the importance of regularly reviewing a budget	Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – Receipts: What to Keep and Why
Determine how savings and charitable giving fit into a budget	Budget Game – Core Component Lesson – A Guide to Effective Charitable Donations Lesson – Achieve Financial Goals with a Spending Plan Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Evaluate needs vs. wants	Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget
Distinguish between fixed and variable expenses	Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget
Examine various examples of opportunity costs and how they impact a budget	Lesson – What is Opportunity Cost? Lesson – How Do You Stop Impulse Purchases? Lesson – Planning for Long Term Purchases
Examine liquidity of savings for emergencies	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Review variables impacting a budget (e.g., inflation, unemployment, relationship changes (marriage/divorce), extreme weather)	Lesson – Inflation Lesson – The Cost of Raising a Family Lesson – Planning for Long Term Purchases Lesson – How to Prepare for Unexpected Expenses
Explain the importance of developing an emergency fund before planning other monetary goals	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Reflect on the importance of revising/updating emergency funds as life changes occur	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Explain the importance of a “pay yourself first” policy	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Identify how small “want” purchases and buying on impulse can impact a budget	Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending
Explain options to balance your budget when/if there is a surplus or deficit	Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Proven Techniques to Stop Overspending
Identify outside influences that make sticking to a budget challenging (advertising, social status)	Lesson – Achieve Financial Goals with a Spending Plan
MONEY MANAGEMENT	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Review different mediums of exchange and bartering	Lesson – What is Money?
Explain the history of money	Lesson – What is Money?
Define US Department of Treasury and US Mint	Lesson – How Is Money Created?
Describe the role of the Federal Reserve Bank	Lesson – Why You Should Care About the Fed
Identify various banking options such as commercial banking, credit unions, etc.	Lesson – Choosing the Best Banking Option for You
Explain how financial institutions make money from consumer lending	Lesson – Choosing the Best Banking Option for You Lesson – How Debit Cards Work Lesson – Credit Cards: Terms, Fees, and More
Describe how to open and manage both manual and electronic checking and savings accounts	Lesson – What is money?
Explain the different types of check endorsements	Lesson – What is money?
Identify the proper use of a debit card and ATM card	Lesson – How Debit Cards Work
Identify the importance of maintaining good financial records (check register, electronic records and reconciliation statements)	Lesson – Tame Your Financial Paperwork Lesson – Balance Your Books in 10-Minutes Lesson – Receipts: What to Keep and Why
Explain the features of different savings plans	Lesson – Achieve Financial Goals with a Spending Plan
Describe overdraft protection	Lesson – How Debit Cards Work
CREDIT AND LOANS	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify the businesses where credit is offered: banks, credit unions, investment firms, retailers, finance companies, tax preparers, pawn shops, government agencies, colleges, consumer finance companies, credit card companies, mortgage brokers, etc.	Lesson – Choosing the Best Banking Option for You Lesson – How Debit Cards Work Lesson – Credit Cards: Terms, Fees, and More Lesson – Mortgage Options for First-Time Homebuyers Lesson – How Borrowers Manage Personal Debt
Describe the differences in the structure, options, and possible consequences of borrowing from the various sources	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – How to Use Debt to Your Advantage Lesson – How Borrowers Manage Personal Debt
Identify and describe the various types of credit: credit card, student loan, car loan, personal loan, mortgages, business loan	Lesson – What to Do When You Need Money Fast Lesson – Credit Cards: Terms, Fees, and More Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Financing Your Education Lesson – Mortgage Options for First-Time Homebuyers Activity – Rent or Buy: Which is Right for You?
Define secured loans (give forms and examples of collateral), unsecured loans, subsidized and unsubsidized loans, co-signed loans and joint credit vs. individual credit, balloon payments, and ARM (adjusted rate mortgage)	Lesson – What to Do When You Need Money Fast Lesson – Mortgage Options for First-Time Homebuyers Lesson – How to Use Debt to Your Advantage
Review the types of loan applications and information required for approval: income; length at job; FICO (Fair Isaac Corp.) score; debt-to-loan ratio; collateral; down payment; co-signers or guarantors	Lesson – What Your Credit Report Says About You Lesson – Credit Cards: Terms, Fees, and More Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Mortgage Options for First-Time Homebuyers
Explore the FAFSA (Free Application for Federal Student Aid) process for borrowing money for post-secondary education	Lesson – Financing Your Education
Define default/foreclosure/repossession, overspending, bankruptcy, poor credit decisions	Lesson – What Is Bankruptcy? Lesson – Getting Help With Debt Repayment Lesson – Debt Relief: Is Consolidation the Answer? Lesson – How to Negotiate With Creditors
Discuss the pitfalls of failing to compare and evaluate interest rates, length of the loan, and total cost of the loan over the payment period	Budget Game – Core Component Lesson – Demystifying the Impact of Interest Rates Lesson – A Beginner’s Guide to Borrowing Wisely Activity – Use the Credit Card Payments Calculator Activity – Watch How Your Savings Could Grow
Describe the difference between a debit card and credit card	Budget Game – Core Component Lesson – How Debit Cards Work Lesson – Credit Cards: Terms, Fees, and More
Explain the advantages vs. disadvantages of using a credit card	Budget Game – Core Component Lesson – Credit Cards: Terms, Fees, and More
Explain how balance transfers affect credit	Lesson – What Is Bankruptcy? Lesson – Getting Help With Debt Repayment Lesson – Debt Relief: Is Consolidation the Answer? Lesson – How to Negotiate With Creditors
Discuss the true cost of purchases when making only the minimum payment on a credit card statement	Lesson – Credit Cards: Terms, Fees, and More Activity – Use the Credit Card Payments Calculator
Identify various options associated with credit cards (prepaid cards, store credit cards, bank credit cards).	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More
Define terms associated with credit cards (cash advances, credit limit, minimum amount due, grace period, late fee, finance charge)	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More
Identify components associated with cash advances	Lesson – Credit Cards: Terms, Fees, and More
Develop the ability to read, understand, and interpret credit card bills/statements	Budget Game – Core Component Lesson – A Beginner’s Guide to Borrowing Wisely
Develop skills necessary to avoid identity theft and maintain identity security	Lesson – How to Avoid Identity Theft, Scams & Fraud
Identify and promote good practices for privacy, security, and online safety	Lesson – How to Avoid Identity Theft, Scams & Fraud
Identify strategies to avoid identity theft	Lesson – How to Avoid Identity Theft, Scams & Fraud
Identify different kinds of consumer fraud	Lesson – How to Avoid Identity Theft, Scams & Fraud Lesson – Protect Yourself as a Consumer
Determine what steps to take if victimized by consumer fraud	Lesson – How to Avoid Identity Theft, Scams & Fraud
INTEREST	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Describe what Annual Percentage Rate (APR) is, how it is used, and its importance	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Demystifying the Impact of Interest Rates Activity – Watch How Your Savings Could Grow
Define terms and concepts associated with simple/compound interest, APR, late fees, initial fees, non-payment fees, and other information associated with the cost of credit	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – The Importance of Interest Rates Activity – Watch How Your Savings Could Grow
Identify various sources of credit and how large purchases (vehicles, homes, furniture) are usually financed	Activity – Rent or Buy: Which is Right for You? Activity – Find Out Your Monthly Home Budget Lesson – Mortgage Options for First-Time Homebuyers Lesson – Planning Long-Term Purchases Lesson – What to Do When You Need Money Fast
Define fixed vs. variable interest rates	Lesson – Mortgage Options for First-Time Homebuyers
Explain strategies for earning interest and the benefits of doing so	Lesson – How to Develop an Investing Strategy Activity – Model Your Financial Future Activity – Net Present Value (NPV) Calculator
Identify ways to reduce the cost of borrowing money • Making a larger down payment • Shopping for lower interest rates • Borrowing for a shorter period of time	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More Lesson – Mortgage Options for First-Time Homebuyers Lesson – Demystifying the Impact of Interest Rates Activity – Watch How Your Savings Could Grow
Explain FICO (Fair Isaac Corp.), which started the credit score system, and why is it important	Lesson – What Your Credit Report Says About You
Identify the three credit reporting agencies (Equifax, Transunion, Experian) and their impact on your credit score	Lesson – What Your Credit Report Says About You
Describe the implications of a low vs. high credit score for securing a loan	Lesson – What Your Credit Report Says About You Lesson – Mortgage Options for First-Time Homebuyers Lesson – A Beginner’s Guide to Borrowing Wisely
Explain the steps to improve one’s credit score	Budget Game – Core Component Lesson – What Your Credit Report Says About You
Recognize the factors that have a negative impact on credit score	Budget Game – Core Component Lesson – What Your Credit Report Says About You
Explain the importance of tracking your credit score on a regular basis	Budget Game – Core Component Lesson – What Your Credit Report Says About You
Explain the consequences of paying only the minimum amount due on credit cards. (Generally, the longer the period of time for repayment, the greater the total cost of the loan and therefore the real price of the product or service purchased on credit.)	Lesson – Credit Cards: Terms, Fees, and More Activity – Use the Credit Card Payments Calculator
INVESTING	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain what motivates people to invest (increase assets, produce wealth, and prepare for retirement)	Stock Game – Core Component Investing101 Certification Lesson – Why invest in Stocks? Lesson – What is Diversification & How to Spread Your Risk Lesson – A Strategy to Build Wealth, Not Debt
Explore different investment strategies for various investment needs	Investing101 Certification Lesson – How to Develop an Investing Strategy Lesson – What is Diversification & How to Spread Your Risk
Distinguish between investing and savings and how each satisfies financial goals	Stock Game – Core Component Investing101 Certification Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – What is Wealth? Lesson – The Secret to a Comfortable Retirement
Explain the long-term value of investing	Lesson – Time Value of Money Lesson – Inflation Lesson – The Secret to a Comfortable Retirement Lesson – A Strategy to Build Wealth, Not Debt Lesson – What is Wealth? Activity – Watch How Your Savings Could Grow Activity – Use the Net Worth Calculator
Examine commission charges and their impact on the cost of buying and selling securities	Stock Game – Core Component Investing101 Certification Lesson – Finding the Right Brokerage Account
Compare the differences among stocks, bonds, and mutual funds	Stock Game – Core Component Investing101 Certification Lesson – A Beginner’s Guide to Investing in Stocks Lesson – Getting Started with Bond Investing Lesson – The Pros and Cons of Mutual Funds
Recognize that different stocks are traded on specific stock exchanges (NYSE, Euronext, NASDAQ)	Stock Game – Core Component Investing101 Certification Lesson – A Beginner’s Guide to Investing in Stocks Lesson – Getting (and understanding) stock quotes Lesson – What is the New York Stock Exchange?
Analyze major indices that reflect aspects of the economic climate (S&P 500 and Dow Jones)	Stock Game – Core Component Investing101 Certification Lesson – What is the Dow Jones Industrial Average?
Define such terms as bear, bull, and volatile markets	Investing101 Certification Lesson – Decoding What Moves The Market
Explain why and how a company goes public (selling shares to the public)	Investing101 Certification Lesson – A Beginner’s Guide to Investing in Stocks Lesson – Types of Companies Lesson – Issuing stock and dividends
Explain stockholders rights	Lesson – A Beginner’s Guide to Investing in Stocks Lesson – How Companies Raise Capital Lesson – Dividends and Changes of Ownership
Describe why stocks have highest growth potential and risk potential	Investing101 Certification Lesson – Why invest in Stocks? Lesson – How to Develop an Investing Strategy Lesson – What is Diversification & How to Spread Your Risk
Analyze risk and return potential	Investing101 Certification Lesson – Why invest in Stocks? Lesson – How to Develop an Investing Strategy Lesson – What is Diversification & How to Spread Your Risk Lesson – Knowing Your Risks & Risk Tolerance Activity – Model Your Financial Future
Demonstrate ability to read stock market tables: stock symbol, high, low, opening and closing price, net change, volume, and P/E (price-to-earnings) ratio	Stock Game – Core Component Lesson – Getting (and understanding) stock quotes Investing101 Certification
Determine capital gains/losses (selling price – purchase price) x shares of stock = capital gain or loss	Stock Game – Core Component Investing101 Certification Lesson – Finding the Right Brokerage Account
Recognize the factors that influence stock prices (news, economy, new products, bankruptcy)	Stock Game – Core Component Investing101 Certification Lesson – Decoding What Moves The Market
Recognize the value of diversification and moderate risk	Stock Game – Core Component Investing101 Certification Lesson – Knowing Your Risks & Risk Tolerance Lesson – What is Diversification & How to Spread Your Risk
Distinguish among different mutual fund packages (money market, equity and bond funds, family of funds)	Investing101 Certification Lesson – The Pros and Cons of Mutual Funds
Define the components of bonds, including principal, price, coupon/interest rates, payments to lender, face value, and maturity	Investing101 Certification Lesson – Getting Started with Bond Investing
Define the different types of bonds, such as treasury bonds, municipal bonds, and corporate bonds	Investing101 Certification Lesson – Getting Started with Bond Investing
Recognize factors that influence bond prices: rates, inflation, economic conditions	Investing101 Certification Lesson – Getting Started with Bond Investing Lesson – Demystifying the Impact of Interest Rates Lesson – Inflation Lesson – What Does Fiscal Policy Mean? Lesson – Government Impact on the Economy
Recognize how real estate and collectibles (antiques, coins, sports cards, comic books) are investment opportunities	Investing101 Certification Lesson – How to Develop an Investing Strategy
Define the various long-term savings plans available for consumers (529, 403b, 401k, Gerber Plan, employment match fund, pension, tax deferred annuity, and Roth IRA)	Investing101 Certification Lesson – How to Develop an Investing Strategy Lesson – The Secret to a Comfortable Retirement Lesson – What is Wealth? Lesson – A Strategy to Build Wealth, Not Debt
CONSUMER OPTIONS AND PROTECTIONS	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain the costs associated with owning a car	Lesson – The Car Buying Checklist Activity – Calculate Your Car Loan Payments Lesson – Car Insurance: How to Lower Your Rates
Evaluate the methods of purchasing a car	Lesson – The Car Buying Checklist Activity – Calculate Your Car Loan Payments Lesson – Car Insurance: How to Lower Your Rates
Recognize the difference between the leasing and ownership options (used and new)	Activity – Rent or Buy: Which is Right for You? Lesson – Research Spending
Analyze comparative costs of different residential locations	Budget Game – Core Component
Describe the steps, terms, and legalities of leasing an apartment	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What makes a contract valid?
Explain the process and considerations of purchasing a home	Lesson – Mortgage Options for First-Time Homebuyers Activity – Rent or Buy: Which is Right for You? Activity – Find Out Your Monthly Home Budget
Compare renting to owning property	Activity – Rent or Buy: Which is Right for You?
Identify reasons and motivation for purchasing various consumer products	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Describe the power of advertisements affecting consumer decisions	Lesson – Achieve Financial Goals with a Spending Plan Lesson – Why You Buy What You Buy Lesson – Analyzing Consumer Behavior
Identify purchasing strategies, including discounts, brick and mortar vs. online, and comparative shopping (unit price)	Budget Game – Core Component Lesson – Research Spending Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending Lesson – Achieve Financial Goals with a Spending Plan
Define brand name vs generic products and explain how price is affected	Budget Game – Core Component Lesson – Research Spending
Evaluate effective strategies for dealing with a consumer problem	Lesson – Protect Yourself as a Consumer
Describe ways to recognize and prevent consumer fraud	Lesson – Protection Against Fraud
Describe ways to prevent identity theft	Lesson – Protection Against Fraud
Describe the legal remedies available to consumers such as lemon laws for cars, Better Business Bureau (BBB),the New York State Attorney General’s Bureau of Consumer Frauds & Protection, FTC’s Bureau of Consumer Protection, and Small Claims Court	Lesson – Protect Yourself as a Consumer Lesson – Protection Against Fraud
INSURANCE	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Define risk and explain the methods of risk management	Lesson – Knowing Your Risks & Risk Tolerance Lesson – How to Develop an Investing Strategy
Explain the concept of shared risk	Lesson – Knowing Your Risks & Risk Tolerance Lesson – Why Health Insurance is So Expensive
Calculate the cost and benefits of insurance and how degrees of risk affect the cost of insurance	Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net Lesson – What Damage Does Home Insurance Cover? Lesson – What’s Not Covered in Renter’s Insurance? Lesson – Knowing Your Risks & Risk Tolerance
Explain the consequences of not carrying insurance	Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net Lesson – What Damage Does Home Insurance Cover? Lesson – What’s Not Covered in Renter’s Insurance? Lesson – Knowing Your Risks & Risk Tolerance
Determine insurance needs, decide what is affordable, and compare costs	Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net Lesson – What Damage Does Home Insurance Cover? Lesson – What’s Not Covered in Renter’s Insurance?
Define insurance terms such as premium, coverage, deductible, and claim	Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net Lesson – What Damage Does Home Insurance Cover? Lesson – What’s Not Covered in Renter’s Insurance?
Identify factors affecting cost of insurance such as age, gender, marital status, type of car, cost of repairs, mileage, location, law enforcement, driving record and claims made	Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net Lesson – What Damage Does Home Insurance Cover? Lesson – What’s Not Covered in Renter’s Insurance?
Explore optional coverages such as bodily injury, liability, comprehensive, collision, and umbrella coverage	Lesson – Car Insurance: How to Lower Your Rates Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net
Explain the consequences of not having required insurance	Lesson – Knowing Your Risks & Risk Tolerance
Explore strategies to reduce the cost of vehicle insurance, such as increasing the deductible, reducing coverage, garaging the vehicle, installing alarms, taking a driver education course, or avoiding submitting small claims	Lesson – Car Insurance: How to Lower Your Rates
Explain the purpose and need for health insurance	Lesson – Why Health Insurance is So Expensive
Explain the purpose and need for life insurance	Lesson – Life Insurance: The Ultimate Safety Net
Explain the difference between term insurance and whole life insurance	Lesson – Life Insurance: The Ultimate Safety Net
Define life insurance terms, such as death benefit, beneficiary, cash value, and face-value	Lesson – Life Insurance: The Ultimate Safety Net
Explain the purpose and need for property insurance	Lesson – Homeowner’s Insurance Lesson – Rental Agreements and Homeowner’s
Define terms of property insurance, such as: renters, homeowners, and mortgage insurance	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – Homeowner’s Insurance
Explore additional insurance options, such as: travel, mobile and electronic devices, disability, and long-term care	Lesson – Why Health Insurance is So Expensive Lesson – Life Insurance: The Ultimate Safety Net
Explore consequences for opting out of insurance protection	Lesson – Knowing Your Risks & Risk Tolerance
TAXES	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Recognize the reasons that taxes are collected	Lesson – Tax Basics You Need to Know Lesson – Government impact on the economy Lesson – What Does Fiscal Policy Mean?
Explain how municipalities and federal government collect and utilize taxes	Lesson – Tax Basics You Need to Know Lesson – Government impact on the economy Lesson – What Does Fiscal Policy Mean?
Describe the advantages of payroll or employment taxes	Lesson – Payroll Best Practices
Define exemptions and dependents and explain how they affect income taxes	Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe
Compare adjustable gross income and taxable income	Lesson – Income Tax Filing Tips & Tricks
Explain why sales taxes vary by location and how they impact consumerism	Lesson – Sales Tax: Who Pays, Collects, and Why?
Define other types of taxes and their purpose, such as property taxes, luxury taxes, estate taxes	Lesson – Tax Basics You Need to Know Lesson – Sales Tax: Who Pays, Collects, and Why?
Explain income taxes and how they are reported and calculated.	Lesson – What’s in Your Compensation Package? Lesson – Income Tax Filing Tips & Tricks Lesson – When to hire a tax professional
Distinguish among tax forms such as 1040, 1040EZ, and 1099	Lesson – Tax Basics You Need to Know Lesson – Income Tax Filing Tips & Tricks
Distinguish between standard and itemized deductions	Lesson – Tax Basics You Need to Know Lesson – Income Tax Filing Tips & Tricks Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe
Explain options available to taxpayers in reporting to the IRS	Lesson – Tax Basics You Need to Know Lesson – Income Tax Filing Tips & Tricks Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe Lesson – What Is a Tax Audit?
Define different deductions, such as: Medicare, Social Security, unemployment, and disability	Budget Game – Core Component Lesson – What’s in Your Compensation Package?
Explain how these tax-funded programs benefit employees	Lesson – The Anatomy of Unemployment and other programs
Explain employers’ responsibility for each of the above	Lesson – The Ultimate Employee Guide