Alabama Standards Alignment

We compared our curriculum and the core personal finance concepts that are covered in our Budget and Stock Games to the financial literacy standards for the state of Arkansas.

A list of the Alabama Standards for Financial Literacy are below, along with a selection of activities from our games and library that align with each standard. Our curriculum library contains over 300 total lessons that can be customized for every class, so this may not include every lesson that may apply for each standard.

Legend:

  • : Long-Term Game
  • : Comprehensive Chapter
  • : Short Lesson
  • : Interactive Calculator
  • : Includes Automatically-Graded Assessment
StandardActivity
CAREER PREPAREDNESS
Develop a plan for managing earning, spending, saving, and giving using spreadsheets, online resources, or commercial software.Lesson – Budgeting and Spending Strategies
Lesson – Charitable Giving
Lesson – Preparing For Retirement
Lesson – Using Spreadsheets – Comparing Car Financing Options
Evaluate the effect of personal preferences, advertising, marketing, peer pressure on consumer choices and decision making.Lesson – Analyzing Consumer Behavior
Lesson – Ethics In Marketing
Lesson – Research Spending
Distinguish differences between the purpose of saving and the objectives associated with investing.Lesson – Pay Yourself First
Lesson – What is Wealth?
Lesson – Preparing for Retirement
Analyze various types of financial institutions.Lesson – Banks, Credit Unions, and Savings and Loans
Determine advantages and disadvantages of using credit.Budget Game – Core Component
Lesson – Debit Cards
Lesson – Using Credit
Lesson – Credit Cards
Lesson – Good Debt, Bad Debt
Examine why credit ratings and credit reports are important to consumers.Lesson – Credit Reports
Determine the type of insurance associated with different types of risksLesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Lesson – Life Insurance
Lesson – Health Insurance
Develop a plan for financial security in the event of disaster, including secure storage of financial records and personal documents, available cash reserve, household inventory list, and medical records retention.Budget Game – Core Component
Lesson – What are Financial Records?
Lesson – Preparing for spending shocks
Civics (7)
Apply principles of money management to the preparation of a personal budget that addresses housing, transportation, food, clothing, medical expenses, insurance, checking and savings accounts, loans, investments, credit, and comparison shopping.Budget Game – Core Component
Lesson – Spending and Savings Plans
Lesson – Budgeting and Spending Strategies
Lesson – Pay Yourself First
Consumer Decisions and Behavior
Compare factors that impact consumer purchasing decisions throughout the lifespan.Lesson – Family Planning
Lesson – Planning Long-Term Purchases
Lesson – Planning for Retirement
Lesson – Researching Spending
Describe state and federal consumer protection laws for individuals and familiesLesson – Consumer rights and responsibilities
Determine procedures for resolving consumer problems and complaints.Lesson – Receipts – Keeping and Tossing
Lesson – Consumer rights and responsibilities
Money Management
Determine factors that affect money management, including career choice, education, skills, and economic conditions; Identifying opportunity costs of financial decisionsLesson – Career Planning
Lesson – Career Development
Lesson – What is Opportunity Cost?
Lesson – Pay Yourself First
Lesson – Building Wealth
Explain how taxes, government transfer payments, and employee benefits relate to disposable income. Comparing net and gross incomeLesson – Common Tax Deductions
Lesson – Common Tax Additions
Lesson – Employer and Employee Rights and Responsibilities
Lesson – Income and Compensation
Lesson – Government impact on the economy
Lesson – Monetary Policy
Determine practices that allow individuals and families to maintain financial security.Budget Game – Core Component
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
Lesson – Spending and Savings Plans
Lesson – Pay Yourself First
Lesson – Family Planning
Compare money-management tools and services available from financial institutions.Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Debit Cards
Lesson – Credit Cards
Demonstrate procedures for completing and filing income tax forms, including utilizing software for income tax preparation. Explaining terms used in personal tax formsLesson – Tax Filing and the Form 1040
Lesson – Taxation Overview
Lesson – Common Tax Deductions
Lesson – Common Tax Additions
Explain factors that affect creditworthiness.Lesson – Using Credit
Lesson – Credit Cards
Lesson – Credit Reports
Compare benefits of saving and investing for individuals or families, including factors that affect the rate of return on investments, sources of investment information, characteristics of savingsStock Game – Core Concept
Lesson – Pay Yourself First
Lesson – What is Wealth?
Lesson – Preparing for Retirement
Lesson – Planning Long-Term Purchases
Activity – Use the Net Worth Calculator
Distinguish between retirement and estate planning options available to individuals and families.Lesson – Preparing for spending shocks
Lesson – Planning Long-Term Purchases
Lesson – Preparing for Retirement
Lesson – Life Insurance
Lesson – Mortgages
Compare types, lengths, and costs of care, life, health, disability, homeowner, and renter insurance, including disability, waiting period, and disability benefits.Lesson – Car Insurance
Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Rental Agreements and Homeowner’s Associations
Consumer Spending
Critique the impact of advertising and sales propaganda on individual and family spending decisions.Lesson – Researching Spending
Lesson – Consumer rights and responsibilities
Lesson – Pay Yourself First
Lesson – Spending and Savings Plans
Analyze shopping skills in relation to individual and family resource management across the life spanLesson – Family Planning
Lesson – Pay Yourself First
Lesson – Spending and Savings Plans
Determine strategies for acquiring the most economical product or service.Budget Game – Core Concept
Lesson – Researching Spending
Determine factors that affect the cost of goods and services, including tax, tips, coupons, discounts, and price.Budget Game – Core Concept
Lesson – Managing Bills Lesson – Sales Tax
Prioritize steps involved in making consumer purchases,including transportation and housing.Budget Game – Core Concept
Lesson – Researching Spending
Lesson – Pay Yourself First
Technology and Careers
Explain career options and entrepreneurial opportunities related to the management of personal financial resources.Lesson – Starting a Business
Lesson – What are Financial Records?
Lesson – What is an Income Statement?
Lesson – What Is A Cash Flow Statement

Learn More

If you would like to learn more about PersonalFinanceLab, schedule a personalized demo, or get a Test Drive account to preview our games and lessons for yourself, please fill out the form below!

Information Request