We compared our curriculum and the core financial literacy concepts that are covered in our Budget and Stock Games to the personal finance standards for the state of Alabama.
A list of the Alabama Social Studies Standards 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.
Students will learn through playing the interactive online games, as well as completing the self-graded lessons that were designed to keep young learners engaged.
When you order PersonalFinanceLab™ for your class, you’ll also get access to course outlines, lesson plans, student activities and grading rubrics that tie everything together.
Check out our course outlines, we’ll walk you through every step of the way!
We’re here to help engage your students to learn how to manage their money responsibly. Learn more about each of the main features and see how we can help transform your class.
A monthly budget game with real-life scenarios and consequences.Learn more
Build your students confidence in the financial markets as they learn how to invest their money wisely.Learn more
Self-graded lessons aligned to National and Jump$tart Standards.Learn more
Discover how the fully customizable platform can be tailored to fit the needs of your class by talking to a member of our team. Our curriculum specialists can guide you on how to integrate our lessons and games into your existing curriculum.Schedule a call
Find out which of our lessons or games reinforce the individual
knowledge statements from the Alabama Social Studies Standards.
Includes Automatically-Graded Assessment
|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 risks||Lesson – 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|
|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 families||Lesson – Consumer rights and responsibilities|
|Determine procedures for resolving consumer problems and complaints.||Lesson – Receipts – Keeping and Tossing Lesson – Consumer rights and responsibilities|
|Determine factors that affect money management, including career choice, education, skills, and economic conditions; Identifying opportunity costs of financial decisions||Lesson – 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 income||Lesson – 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 forms||Lesson – 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 savings||Stock 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|
|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 span||Lesson – 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|
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.