Kentucky 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 Kentucky.
A list of the Personal Financial Literacy Expectations for Kentucky 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
| Standard | Activity | |||||
|---|---|---|---|---|---|---|
| CAREERS, EDUCATION & INCOME | ||||||
| Develop and manage financial goals for the future based on one’s career choice and lifestyle expectations to meet the needs of individuals and families. | Lesson – Career Development Lesson – Family Planning Lesson – Preparing for Retirement | |||||
| Explain how income can be earned (e.g., wages, commission) or unearned (e.g., interest, capital gains). | Lesson – Income and Compensation Lesson – What is Money? Lesson – Building Wealth | |||||
| Explain net income (i.e., wages and salaries minus payroll deductions equal net income or takehome pay). | Budget Game – Core Component Lesson – Income and Compensation Lesson – Tax Filing and the Form 1040 | |||||
| CREDIT & DEBT | ||||||
| Compare a variety of credit sources from which consumers can choose to borrow. | Lesson – Using Credit Lesson – Short-Term Financing Lesson – Good Debt, Bad Debt Lesson – Banks, Credit Unions, and Savings and Loans | |||||
| Compare the costs and benefits of buying on credit that are key to making a good borrowing decision. | Lesson – Managing Credit Activity – Use the Credit Card Payments Calculator Activity – Use the Buy vs Lease Calculator | |||||
| DECISION MAKING & MONEY MANAGEMENT | ||||||
| Evaluate financial management resources and how they are needed to meet the goals of individuals and families by: a. prioritizing financial goals. b. creating a budget including income, expenses (fixed/flexible), and savings. c. developing and explaining a savings plan and budget based on specific short and long term financial goals | Budget Game – Core Component Lesson – Pay Yourself First Lesson – Budgeting Lesson – Spending and Saving Strategies Lesson – Family Planning Lesson – Preparing for Retirement | |||||
| Apply decision making strategies when buying products. | Budget Game – Core Component Lesson – Planning Long Term Purchases Lesson – Researching Spending | |||||
| Compare and evaluate products and services based on major factors (e.g., brand name, price, quality feature, availability) when making consumer decisions. | Lesson – Researching Spending | |||||
| “Investigate how culture, media and technology impact the family and consumer decision making by: a. explaining ways consumer buying practices are influenced by social factors, economic principles, peer pressure, desire for status and advertising techniques. b. exploring the impact of positive and negative effects of advertising techniques (e.g., bandwagon, facts and figures, emotional appeal, endorsement/testimonials, free samples, coupons, use of gimmicks, misleading/false information, social media).” | Lesson – Budgeting Lesson – Analyzing Consumer Behavior Lesson – The Business Cycle Lesson – Consumer rights and responsibilities Lesson – Ethics In Marketing | |||||
| SAVING & INVESTING | ||||||
| List examples of investments for current income and investments for future growth. | Investing101 Certification Lesson – Building a Diversified Portfolio Lesson – Investing Strategies Lesson – Preparing for Retirement Lesson – Building Wealth | |||||
| MONEY & THE ECONOMY | ||||||
| Compare the relationship between supply and demand and their role in meeting consumer needs. | Lesson – Supply and Demand Examples in the Stock Market Lesson – The Benefits of Competition | |||||
| INSURANCE & RISK MANAGEMENT | ||||||
| Research federal government depository insurance coverage and limits related to consumer bank and credit union accounts. | Investing101 Certification Lesson – Banks, Credit Unions, and Savings and Loans Lesson – Preparing for Retirement Lesson – Property Rights | |||||
| Investigate the use of insurance to cover risk of financial loss (e.g. liability, health, auto, renter, home). | Lesson – Car insurance Lesson – Health Insurance Lesson – Rental Insurance Lesson – Home Owner’s Insurance Lesson – Life Insurance |
Learn More
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