Arkansas Standards Alignment

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 Arkansas.

A list of the high school Personal Finance 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.

Legend:

  • : Long-Term Game
  • : Comprehensive Chapter
  • : Short Lesson
  • : Interactive Calculator
  • : Includes Automatically-Graded Assessment
StandardActivity
Employment/Income
Explain factors that influence career and job selectionLesson – Career
Planning
Lesson – Career Development
Determine ways to locate and apply for a job by
• Completing a job search in an area of interest
• Completing a job application, cover letter, resume, and follow-up letter
Lesson – Biggest Mistakes of Job Seekers
Lesson – Using Keywords In Your Resume
Evaluate ways to make a positive impressions during a job interviewLesson – Acing Job Interviews
Compare job offers for employee benefits (e.g., time, income, insurance, retirement, etc.)Lesson – Income and Compensation
Summarize skills needed to be successful in the workplace
• Communication
• Time Management
• Basic Employer Expectations
Lesson – Employer and Employee Rights and Responsibilities
Represent and analyze various types of income deductions and how they impact income (e.g., payroll taxes, deductions, gross pay, net payBudget Game – Core Concept
Analyze differences among salary, hourly, commission, and overtime payLesson – Income and Compensation
College and Career Planning
Explore potential careers (including an employment forecast) and the steps needed to achieve them based on interests and/or talentsLesson – Career Development
Explore opportunities for internships, job shadowing, and real-world experiences to determining future career pathsLesson – How To Choose an Internship
Career Center
Credit
Identify types of fraud and credit abuse and develop strategies to protect oneself from identity fraud and theftLesson – Protecting Against Fraud
Discuss common crimes against consumers and examine federal consumer protection lawsLesson – Ethics In Marketing
Lesson – Protecting Against Fraud
Compare and contrast the advantages and disadvantages of renting versus owning a home (e.g., costs, taxes, insurance)Activity – Use the Buy vs Lease Calculator
Activity – Use the Home Budgeting Calculator
Lesson – Mortgages Lesson – Good Debt, Bad Debt
Lesson – Home Owner’s Insurance
Lesson – Rental Agreements and Homeowner’s Associations
Lesson – Renter’s Insurance
Analyze factors that determining/influence mortgage costs (e.g., interest rate, term length, credit rating)Lesson – Importance of Interest Rates
Activity – Use the Compound Interest Calculator
Lesson – Mortgages Lesson – Credit Reports
Lesson -Importance of Interest Rates
Lesson – The Business Cycle
Understand different components of credit by
• Comparing and contrasting sources of credit (e.g., car loans, student loans, credit cards)
• Discussing the establishment and use of credit
• Identifying the factors that contribute to a credit score
• Calculating the actual costs associated with credit
• Discussing methods of solving credit problems
• Evaluating the risks associated with overextending credit
Budget Game – Core Component
Activity – Use the Credit Card Payments Calculator
Lesson – Using Credit
Lesson – Credit Cards
Lesson – Credit Reports
Lesson – Managing Debt
Lesson – Debt Negotiation
Lesson – Bankruptcy
Understand the different components of bankruptcy by
• Identifying and evaluating types of bankruptcy
• Examining the impact of declaring bankruptcy and how it may affect future financial opportunities
Lesson – Bankruptcy
Lesson – Debt Management Services
Understand the different components of loans by
• Differentiating between the different types of loans (e.g., payday, auto, home, personal, student)
• Examining the lending process from application to approval
• Calculating true costs associated with loans (e.g., term length, interest rate)
• Understanding the factors that contribute to different interest rates • Evaluating the implications of obtaining and/or defaulting on a loan
Lesson – Short-Term Financing
Lesson – Credit Cards
Lesson – Using Credit
Money Management
Compare types of banking institutions including products and services availableLesson – Banks, Credit Unions, and Savings and Loans
Explore the process of opening and managing different types of accounts (e.g., checking, savings)Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Debit Cards
Analyze the advantages and disadvantages of various retirement plans (e.g., pension, 401K, IRA, social security)Lesson – What is Wealth?
Lesson – Preparing For Retirement
Analyze expenses to create a household budget including, but not limited to, housing, utilities, food, saving, insurance, taxes, and charitable givingBudget Game – Core Component
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
Examine the influences on financial planning decisions (e.g., needs vs. wants, priorities, values, stages of life, estate planning)Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Preparing for spending shocks
Lesson – Planning for Retirement
Lesson – Planning Long Term Purchases
Lesson – Family Planning
Activity – Use the Net Worth Calculator
Insurance
Analyze the need for insurance in managing risk and how risk affects costLesson – Risk Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance Lesson – Life Insurance
Lesson – Health Insurance
Investigate the relationship between insurance premiums and deductiblesLesson – Car Insurance
Lesson – Health Insurance
Evaluate auto insurance options and factors affecting cost of coverage including split limitLesson – Car Insurance
Lesson – Buying a car
Assess health related insurance options and types of coverage (e.g., health, dental, vision, stroke/heart disease, cancer, accident, short-term/long-term disability, long-term care)Lesson – Health Insurance
Lesson – Life Insurance
Analyze various types of life insurance (e.g., term, whole)Lesson – Life Insurance
Investigate property insurance and potential riders including, but not limited to, homeowner’s renter’s, and mortgageLesson – Home Owner’s Insurance
Lesson – Renter’s Insurance
Lesson – Rental Agreements and Homeowner’s Associations
Savings/Investing
Compare the effects of interest rates as applied to saving and borrowing moneyLesson – Interest Rates
Lesson – Time Value of Money
Activity – Use the Credit Card Payments Calculator
Activity – Use the Compound Interest Calculator
Activity – Use the Net Worth Calculator
Examine how consumers are affected by raising and lowering interest ratesLesson – Interest Rates
Lesson – Government impact on the economy
Lesson – Inflation
Lesson – Monetary Policy
Calculate simple and compound interest and explain the difference between the twoLesson – Importance of Interest Rates
Lesson – Interest Rates
Activity – Use the Compound Interest Calculator
Analyze the relationship between risk and returnStock Game – Core Component
Lesson – Risk
Lesson – Investing Strategies
Activity – Use the Investment Return Calculator
Compare the characteristics of saving tools (e.g., liquidity, interest rates, term length) to determine how to best meet a financial goalWatch Video – Investment Research
Lesson – Building a diversified portfolio
Lesson – Investing Strategies
Lesson – Pay Yourself First
Investing101 – Chapter 1: Introduction to Investing
Activity – Use the Investment Return Calculator
Interpret the role of goal setting as an integral part of financial planning and construct a well written goalLesson – Budgeting and Spending Strategies
Lesson – Preparing for spending shocks
Lesson – Pay Yourself First
Lesson – Planning Long Term Purchases
Research different types of investments and consider the importance of diversification
• Annuities
• Bonds
• Money Market Funds
• Mutual Funds
• Real Estate
• Stocks
Stock Game – Core Component
Lesson – What is a Stock?
Lesson – What is an ETF?
Lesson – What is a Mutual Fund?
Lesson – What are Bonds?
Lesson – Building a diversified portfolio
Watch Video – Investment Research
Lesson – Investing Strategies
Activity – Use the Net Present Value Calculator
Activity – Use the Investment Return Calculator
Investing101 – Chapter 1: Introduction to Investing
Investing101 – Chapter 2: How The Stock Market Works and Why It Works
Investing101 – Chapter 6: Fundamental Analysis: Understanding Earnings and Cash Flow
Understand the regulation of savings and investmentsLesson – Building Wealth Lesson – What is Money? Activity – Use the Net Worth Calculator

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