We compared our learning materials 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 Arkansas Personal Finance Standards are below, along with a selection of activities from our games and library that align with each standard. Our Learning 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.
Build your students confidence in the financial markets as they learn how to invest their money wisely.
Learn moreDiscover 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 callFind out which of our lessons or games reinforce the individual
knowledge statements from the Arkansas Personal Finance Standards.
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 |
Employment/Income | ||||||
Explain factors that influence career and job selection | 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-upletter | Lesson – Biggest Mistakes of Job Seekers Lesson – Using Keywords In Your Resume | |||||
Evaluate ways to make a positive impressions during a job interview | Lesson – 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 pay | Budget Game – Core Concept | |||||
Analyze differences among salary, hourly, commission, and overtime pay | Lesson – Income and Compensation | |||||
College and Career Planning | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
Explore potential careers (including an employment forecast) and the steps needed to achieve them based on interests and/or talents | Lesson – Career Development | |||||
Explore opportunities for internships, job shadowing, and real-world experiences to determining future career paths | Lesson – How To Choose an Internship | |||||
Credit | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
Identify types of fraud and credit abuse and develop strategies to protect oneself from identity fraud and theft | Lesson – Protecting Against Fraud | |||||
Discuss common crimes against consumers and examine federal consumer protection laws | Lesson – 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 | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
Compare types of banking institutions including products and services available | Lesson – 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 giving | Budget 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 – Preparing for Retirement Lesson – Planning Long Term Purchases Lesson – Family Planning Activity – Use the Net Worth Calculator | |||||
Insurance | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
Analyze the need for insurance in managing risk and how risk affects cost | Lesson – Risk Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Life Insurance Lesson – Health Insurance | |||||
Investigate the relationship between insurance premiums and deductibles | Lesson – Car Insurance Lesson – Health Insurance | |||||
Evaluate auto insurance options and factors affecting cost of coverage including split limit | Lesson – 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 mortgage | Lesson – Home Owner’s Insurance Lesson – Renter’s Insurance Lesson – Rental Agreements and Homeowner’s Associations | |||||
Savings/Investing | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
Compare the effects of interest rates as applied to saving and borrowing money | Lesson – The Importance of 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 rates | Lesson – The Importance of Interest Rates Lesson – Government impact on the economy Lesson – Inflation Lesson – Monetary Policy | |||||
Calculate simple and compound interest and explain the difference between the two | Lesson – Importance of Interest Rates Activity – Use the Compound Interest Calculator | |||||
Analyze the relationship between risk and return | Stock 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 goal | Watch 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 goal | Lesson – 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 investments | Lesson – Building Wealth Lesson – What is Money? Activity – Use the Net Worth Calculator |
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