Indiana 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 Indiana.

A list of the Indiana Department of Education Academic Standards Course Framework 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
Financial Responsibility and Decision Making
Explain how individuals demonstrate responsibility for financial well-being over a lifetime.Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Preparing for Retirement
Lesson – Career Development
Lesson – Building Wealth
Analyze ways financial responsibility is different for individuals with and without dependents.Lesson – Family Planning
Analyze financial information for objectivity, accuracy, relevancy to given needs, and currencyLesson – What makes a contract valid
Lesson – What is an Income Statement?
Lesson – What is a Balance Sheet?
Lesson – What Is A Cash Flow Statement
Lesson – What are Financial Records?
Investigate current types of consumer fraud, including online scamsLesson – Protecting Against Fraud
Analyze consumer protection laws for the issues they address and the safeguards they provide.Lesson – Consumer rights and responsibilities
Demonstrate steps for resolving a consumer complaint.Lesson – Consumer rights and responsibilities
Set measurable short-term, medium-term, and long-term financial goals.Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Preparing for Retirement
Lesson – Career Development
Lesson – Building Wealth
Evaluate the results of financial decisions.Stock Game – Core Component
Budget Game – Core Component
Apply systematic decision making to long-term goals.Lesson – Preparing for Spending Shocks
Lesson – The Business Cycle
Lesson – The Importance of Interest Rates
Lesson – Planning for Long Term Purchases
Compare and contrast the benefits of sharing financial goals and personal finance information with a potential partner before forming a partnershipLesson – Family Planning
Describe essential elements of a contract between individuals and between individuals and businesses.Lesson – What makes a contract valid
Describe the actions a victim of identity theft can take to restore personal securityLesson – Protecting Against Fraud
Relating Income and Careers
Analyze ways economic, social, cultural, education and political conditions can affect income and career potential.Lesson – The Business Cycle
Lesson – Government impact on the economy
Lesson – Importance of Interest Rates
Lesson – Analyzing Consumer Behavior
Lesson – The Product Lifecycle
Analyze the financial risks and benefits of entrepreneurship as a career choiceLesson – Starting a Business
Lesson – Entrepreneurship
Compare and contrast wage, gift, rent, interest, dividend, capital gain, tip, commission, and business profit as sources of personal income.Lesson – What is Money?
Lesson – Debit Cards
Lesson – Income and Compensation
Analyze the advantages and disadvantages of participation in government assistance programs.Lesson – Unemployment and other programs
Analyze typical employee benefits and explain why they are a form of compensation.Lesson – Employer and Employee Rights and Responsibilities
Lesson – Income and Compensation
Describe benefits of employer sponsored savings plans and other personal options for shifting current income to the future.Lesson – Employer and Employee Rights and Responsibilities
Lesson – Income and Compensation
Lesson – Building Wealth
Lesson – What is Wealth?
Lesson – Preparing for Retirement
Planning and Managing Money
Create a basic budget with categories for income, taxes, planned savings, and fixed and variable expenses.Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
Analyze and adjust budget categories to manage spending and achieve financial goals.Lesson – Budgeting
Develop a personal financial plan that shows allocation of income, spending, saving, investing and sharing/giving over a year-long time span.Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
Lesson – Spending and Savings Plans
Analyze a plan to secure funding for a financial goal (such as college, major consumer purchases, etc.).Lesson – Preparing for Spending Shocks
Lesson – Planning for Long Term Purchases
Lesson – Researching Spending
Lesson – Mortgages
Lesson – Student Loans
Lesson – Buying a Car
Activity – Use the Buy vs Lease Calculator
Activity – Use the Home Budgeting Calculator
Utilize a system to record income and spending for categories such as purchases, services, and taxes.Lesson – Pay Yourself First
Lesson – Budgeting and Spending Strategies
Demonstrate recordkeeping that utilizes digital financial management systems.Lesson – Receipts – Keeping and Tossing
Lesson – Reconciling accounts
Evaluate different payment methods, including cash, checks, stored-value cards, debit cards, credit cards, and electronic or online payment systemsLesson – What is Money?
Lesson – Debit Cards
Lesson – Credit Cards
Lesson – Short-Term Financing
Demonstrate skill in basic financial tasks (such as bill payments, check writing, reconciling checking and debit account statements, and monitoring printed and online account statements for accuracy).Budget Game – Core Component
Investigate and demonstrate ability to apply for financial assistance (such as FAFSA, 21st Century Scholars, scholarships, grants, and aid from colleges and universities) for post-secondary education.Lesson – Student Loans
Lesson – Work or Study
Evaluate impact of external factors (such as marketing, advertising and the economy) on spending decisions.Lesson – Budgeting
Lesson – Researching Spending
Lesson – Analyzing Consumer Behavior
Justify consumer buying decisions by evaluating external factors.Lesson – Budgeting
Lesson – Researching Spending
Evaluate opportunity costs (such as owning versus renting a house, purchasing or leasing an auto).Activity – Use the Buy vs Lease Calculator
Activity – Use the Car Loans Calculator
Lesson – Buying a car
Lesson – Opportunity Cost
Recognize potential threats (such as identity fraud, scams, theft, phishing, spam, unethical internet practices) to sound financial decisions.Lesson – Risks
Lesson – Protecting Against Fraud
Lesson – Consumer Rights and Responsibilities
Lesson – Preparing for spending shocks
Demonstrate budgeting financial and other resources to make contributions to a charitable organization.Budget Game – Core Component
Lesson – Charitable Giving
Contrast wills, “living wills,” trusts and other ways estates can be transferredLesson – Simple and Living Wills
Evaluate estate planning tools (such as pensions, retirements, social security, trusts, and annuities)Lesson – Preparing for Retirement
Lesson – Building Wealth
Lesson – Income and Compensation
Lesson – Life Insurance
Managing Credit and Debt
Evaluate the cost of borrowing a set amount of money using various types of credit.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Bad
Activity – Use the Credit Card Payments Calculator
Explain how grace periods, methods of calculating interest, and fees affect borrowing costs.Lesson – Credit Cards
Apply systematic decision making to identify the most cost-effective option for making a purchase.Lesson – Planning Long Term Purchases
Lesson – Pay Yourself First
Lesson – Budgeting and Spending Strategies
Activity – Use the Buy vs Lease Calculator
Analyze the effect of positive and negative credit reports on credit worthiness.Lesson – Credit Reports
Illustrate steps to overcome a negative credit report and improve a personal financial future.Lesson – Credit Reports
Evaluate the effect of living beyond one’s financial resources.Lesson – Good Debt, Bad Debt
Lesson – Bankruptcy
Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Analyze actions that a consumer can take to reduce or better manage excessive debt.Lesson – Good Debt, Bad Debt
Lesson – Bankruptcy
Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Analyze online and printed resources for up-to-date information about consumer credit rights.Lesson – Managing Debt
Describe debtors’ and creditors’ rights related to debt that is not paid.Lesson – Bankruptcy
Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Risk Management and Insurance
Describe ways people can manage risk through avoidance, reduction, retention, assumption, and transfer of risk.Lesson – Risk
Lesson – Building a Diversified Portfolio
Analyze the types and amounts of coverage, and features needed, for various stages of life for health, property, life, disability, and liability insurance.Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Car Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Analyze factors that can reduce or increase the amount and type of insurance coverage needed.Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Car Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Analyze factors that affect cost of insurance for various types of insurance.Lesson – Life Insurance
Lesson – Health Insurance
Lesson – Car Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Saving and Investing
Analyze effect of saving strategies, including “pay yourself first,” payroll deduction, automatic savings options, and reflective spending practices on financial well being.Lesson – Pay Yourself First
Lesson – Budgeting and Spending Strategies
Lesson – Building Wealth
Lesson – Preparing for Retirement
Lesson – Income and Compensation
Compare the interest generated by simple and compound interest at various rates.Lesson – The Importance of Interest Rates
Activity – Use the Compound Interest Calculator
Compare various investing strategies for their potential to build wealth.Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Activity – Use the Investment Return Calculator
Analyze investment possibilities utilizing the principles of time value of money and opportunity costs.Lesson – Time Value of Money
Lesson – Opportunity Cost
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Calculate the end value of lump sum and periodic investments.Activity – Use the Investment Return Calculator
Activity – Use the Compound Interest Calculator
Analyze the characteristics (such as earnings, risks, liquidity) and benefits of various saving and investment options in the current economy.Lesson – The Business Cycle
Lesson – Building a Diversified Portfolio
Lesson – Investing Strategies
Lesson – Pay Yourself First
Analyze investment alternatives utilizing principles of inflation and other economic factors.Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Inflation
Lesson – The Business Cycle
Activity – Use the Investment Return Calculator
Compare advantages and disadvantages of buying and selling investments through various channels, including financial advisors, investment clubs, and online brokers.Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Brokerages
Compare the investment objectives and historical rates of return of various Investment options.Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Why invest in Stocks?
Lesson – What is an ETF?
Lesson – What is a Mutual Fund?
Lesson – What are Bonds
Analyze the rate of return on investments using time value of money and economic conditions as factors.Investing101 Certification
Stock Game – Core Component
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Time Value of Money
Activity – Use the Investment Return Calculator
Activity – Use the Net Present Value Calculator
Calculate the amount of taxes on investments and income tax-free earnings.Lesson – Taxation Overview
Lesson – Tax Filing and the Form 1040
Explain how federal and state financial regulatory agencies decrease savings and investing risks.Lesson – Risk
Lesson – Government impact on the economy
Lesson – What is the Federal Reserve?
Lesson – Monetary Policy

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