Colorado Financial Literacy Standards: Helpful Teacher Resource

Colorado Personal Financial Literacy Expectations Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the Colorado Personal Financial Literacy Expectations.

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
Design, analyze, and apply a financial plan based on short- and long-term financial goals
Develop a financial plan including a budget based on short- and long- term goals.	Budget Game – Core Component Lesson – Budgeting Lesson – Budgeting and Spending Strategies Lesson – Spending and Savings Plans Lesson – Pay Yourself First Lesson – Preparing For Retirement
Analyze financial information for accuracy, relevance, and steps for identity protection.	Lesson – What is an Income Statement? Lesson – What is a Balance Sheet? Lesson – What Is A Cash Flow Statement Lesson – Financial Records and Receipts
Describe factors affecting takehome pay.	Budget Game – Core Component Lesson – Income and Compensation Lesson – Tax Filing and the Form 1040
Identify sources of personal income and likely deductions and expenditures as a basis for a financial plan.	Lesson – Income and Compensation Lesson – Tax Filing and the Form 1040 Lesson – Taxation Overview Lesson – Common Tax Deductions Lesson – Common Tax Additions
Describe legal and ethical responsibilities regarding tax liabilities.	Lesson – Tax Filing and the Form 1040 Lesson – Taxation Overview Lesson – Sales Tax
Analyze strategic spending, saving, and investment options to achieve the objectives of diversification, liquidity, income, and growth.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Compare and contrast the variety of investments available for a diversified portfolio.	Stock Game – Core Component Lesson – Building a diversified portfolio Lesson – Investing Strategies
Evaluate factors to consider when managing savings and investment accounts.	Investing101 – Chapter 1: Introduction to Investing Investing101 – Chapter 5: Now That I Own It, What Should I Do? Lesson – Preparing For Retirement Lesson – What is Wealth?
Explain how economic cycles affect personal financial decisions.	Lesson – The Business Cycle Lesson – Risk Lesson – Importance of Interest Rates
Describe the appropriate types of investments to achieve the objectives of liquidity, income and growth.	Investing101 – Chapter 1: Introduction to Investing Lesson – Building a diversified portfolio Lesson – Investing Strategies
The components of personal credit to manage credit and debt	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze various lending sources, services, and financial institutions.	Lesson – Short-Term Financing Lesson – Using Credit Lesson – Good Debt, Bad Debt
Investigate legal and personal responsibilities affecting lenders and borrowers.	Lesson – Managing Debt
Make connections between building and maintaining a credit history and its impact on lifestyle.	Lesson – Credit Reports
Identify, develop, and evaluate risk-management strategies	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Differentiate between types of insurance.	Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance
Explain the function and purpose of insurance.	Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance
Select and evaluate strategies to mitigate risk.	Lesson – Risk Lesson – Protecting Against Fraud
Manage personal credit and debt	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify and differentiate between purposes and reasons for debt	Lesson – Short-Term Financing Lesson – Using Credit Lesson – Good Debt, Bad Debt Lesson – Mortgages
Analyze benefits and costs of credit and debt	Lesson – Short-Term Financing Lesson – Using Credit Lesson – Good Debt, Bad Debt Lesson – Mortgages
Compare sources of credit	Lesson – Short-Term Financing
Describe the components of a credit history	Lesson – Credit Reports Lesson – Using Credit
Graphs, tables and equations can be used to distinguish between linear and nonlinear functions	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze how credit and debt impact personal financial goals	Budget Game – Core Component Lesson – Using Spreadsheets – Graphing Lesson – Pay Yourself First Lesson – Managing Debt Lesson – Good Debt, Bad Debt Lesson – Managing Bills
The distribution of resources influences economic production and individual choices	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain the role of taxes in economic production and distribution of resources	Lesson – Labor and Productivity Lesson – What are Price Controls? Lesson – Fiscal Policy Explained Lesson – Government Impact on the Economy
Define the various types of taxes students will pay as adults	Lesson – Taxation Overview Lesson – Sales Tax Lesson – Tax Filing and the Form 1040 Lesson – Income and Compensation
Demonstrate the impact of taxes on individual income and spending	Lesson – Fiscal Policy Explained Lesson – Time Value of Money Lesson – Taxation Overview
Various factors that influence production, including resources, supply and demand, and price, affect individual consumer choices over time	Lesson – Family Planning Lesson – Externalities Lesson – The Importance of Interest Rates Lesson – Supply and Demand Examples in the Stock Market
Saving and investing are key contributors to financial well-being	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Differentiate between saving and investing	Budget Game – Core Component Stock Game – Core Component Lesson – Why invest in Stocks? Lesson – How to Choose and Compare Stocks Lesson – Preparing for Retirement Lesson – Building Wealth
Give examples of how saving and investing can improve financial well-being	Budget Game – Core Component Lesson – Pay Yourself First Lesson – Preparing for Retirement Lesson – Preparing for Long-term Purchases Lesson – Family Planning Lesson – Building Wealth
Describe the advantages and disadvantages of saving for short and medium-term goals	Budget Game – Core Component Lesson – Pay Yourself First
Explain the importance of an emergency fund	Budget Game – Core Component Lesson – Pay Yourself First Lesson – Preparing for Retirement Lesson – Preparing for Long-term Purchases
Explain why saving is a prerequisite to investing	Budget Game – Core Component Lesson – Pay Yourself First Lesson – Preparing for Retirement Lesson – Preparing for Long-term Purchases
Explain how saving and investing income can improve financial well-being	Budget Game – Core Component Lesson – Pay Yourself First Lesson – Preparing for Retirement Lesson – Preparing for Long-term Purchases
Use of financial institutions to manage personal finances	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify different financial institutions	Lesson – Banks, Credit Unions, and Savings and Loans
Identify the products and services of financial institutions to include but not limited to: checking accounts, savings accounts, investments, and loans “	Lesson – Banks, Credit Unions, and Savings and Loans
Compare and contrast financial institutions, their products, and services	Lesson – Banks, Credit Unions, and Savings and Loans
The relationship between choice and opportunity cost	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
The relationship between choice and opportunity cost	Budget Game – Core Component Lesson – Opportunity Cost Lesson – Pay Yourself First
Analyze different choices and their opportunity costs	Budget Game – Core Component Lesson – Opportunity Cost Lesson – Pay Yourself First
Give examples of the opportunity costs for individual decisions	Budget Game – Core Component Lesson – Opportunity Cost Lesson – Pay Yourself First
Identify risks that individuals face	Lesson – Risk Lesson – Importance of Interest Rates Lesson – The Business Cycle Lesson – Preparing for Spending Shocks
Analyze methods of limiting financial risk	Budget Game – Core Component Lesson – Risk Lesson – Protecting Against Fraud Lesson – Life Insurance
Describe how to meet short term financial goals	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify sources of income including gifts, allowances, and earnings	Lesson – Income and Compensation
Recognize that there are costs and benefits associated with borrowing to meet a short-term financial goal	Lesson – Short-Term Financing
Identify jobs children can do to earn money for personal, philanthropic, or entrepreneurial goals	Lesson – Income and Compensation Lesson – Career Development Lesson – Charitable Giving
Create a plan for a short-term financial goal	Lesson – Budgeting Lesson – Spending and Saving Plans
Describe the steps necessary to reach short-term financial goals	Lesson – Budgeting Lesson – Spending and Saving Plans
Identify short-term financial goals	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Define a short-term financial goal	Lesson – Budgeting Lesson – Spending and Saving Plans
Identify examples of short-term financial goals	Lesson – Budgeting and Spending Strategies Lesson – Managing Bills Lesson – Building Wealth
Discuss sources of income needed to meet short-term goals such as but not limited to gifts, borrowing, allowances, and income	Budget Game – Core Component Lesson – Income and Compensation
Quantitative reasoning is used to make sense of quantities and their relationships in problem situations	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Describe factors affecting take-home pay and calculate the impact.	Budget Game – Core Component Lesson – Income and Compensation Lesson – Tax Filing and the Form 1040
Design and use a budget, including income (net take-home pay) and expenses (mortgage, car loans, and living expenses) to demonstrate how living within your means is essential for a secure financial future.	Budget Game – Core Component Lesson – Income and Compensation Lesson – Budgeting and Spending Strategies Lesson – Pay Yourself First Activity – Use the Car Loans Calculator
How much money is enough for retirement?	Activity – Use the Saving to be a Millionaire Calculator Lesson – Preparing for Retirement
What is the return on investment of post-secondary educational opportunities?	Lesson – Student Loans Lesson – Career Development Lesson – How To Choose an Internship
Formulate, represent, and use algorithms to compute with flexibility, accuracy, and efficiency	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Using the four operations analyze the relationship between choice and opportunity cost	Lesson – What is Opportunity Cost?
The scarcity of resources affects the choices of individuals and communities	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Decisions must be made if there is a limited amount of income and the need for a costly good or service. For example, you may borrow, save, or get a new job to make the purchase.	Lesson – Career Development Lesson – Managing Bills Lesson – Pay Yourself First Lesson – Spending and Savings Plans
Apply decision-making processes to financial decisions	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Identify components of financial decision-making including gathering, evaluating, and prioritizing information based on a financial goal, and predicting the possible outcome of a decision	Lesson – Preparing for spending shocks Lesson – Planning Long Term Purchases Lesson – Researching Spending
Differentiate between a long-term and a short-term goal	Activity – Use the Investment Return Calculator Lesson – Investing Strategies Lesson – Preparing for spending shocks Lesson – Pay Yourself First Lesson – Planning Long Term Purchases
Functions model situations where one quantity determines another and can be represented algebraically, graphically, and using tables.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Knowledge of how to interpret rate of change of a function allows investigation of rate of return and time on the value of investments.	Stock Game – Core Component Activity – Use the Investment Return Calculator Lesson – Time Value of Money Investing101 Certification
Quantitative relationships in the real world can be modeled and solved using functions	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze the impact of interest rates on a personal financial plan.	Lesson – The Importance of Interest Rates
Evaluate the costs and benefits of credit.	Lesson – Good Debt, Bad Debt
Analyze various lending sources, services, and financial institutions.	Lesson – Banks, Credit Unions, and Savings and Loans Lesson – Short-Term Financing
How much would today’s purchase cost tomorrow?	Activity – Use the Net Present Value Calculator
Number patterns are based on operations and relationships	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Use patterns to solve problems including those involving saving and checking accounts	Lesson – Debit Cards Activity – Use the Compound Interest Calculator
Explain, extend, and use patterns and relationships in solving problems, including those involving saving and checking accounts such as understanding that spending more means saving less	Budget Game – Core Component Lesson – Budgeting and Spending Strategies Lesson – Spending and Savings Plans Lesson – Pay Yourself First
Probability models outcomes for situations in which there is inherent randomness	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze the cost of insurance as a method to offset the risk of a situation.	Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance
How does probability relate to obtaining insurance?	Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance
Comprehension of probability allows informed decision making, such as whether the cost of insurance is less than the expected cost of illness, when the deductible on car insurance is optimal, whether gambling pays in the long run, or whether an extended warranty justifies the cost.	Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance

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Colorado Personal Financial Literacy Expectations Alignment

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Personal Financial Literacy Expectations Standards Alignment