Personal Finance Standards Alignment

In 2021, the Jump$tart Coalition and the Council for Economic Education published a joint set of National Standards for Personal Finance Education. This is the first set of comprehensive standards at the national level agreed upon by the most trusted names in financial education. Our curriculum experts use these foundational standards as the cornerstone of our curriculum development, and are proud to provide an extensive collection of experiential learning activities for every standard.

A list of the 12th grade 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
Earning Income
Compensation for a job or career can be in the form of wages, salaries, commissions, tips, or bonuses, and may also include contributions to employee benefits, such as health insurance, retirement savings plans, and education reimbursement programs.Lesson – Income and Compensation
In addition to wages and paid benefits, employees may also value intangible (noncash) benefits, such as good working conditions, flexible work hours, telecommuting privileges, and career advancement potential.Lesson – Income and Compensation
People vary in their opportunity and willingness to incur the present costs of additional training and education in exchange for future benefits, such as earning potential.Lesson – Income and Compensation
Lesson – Career Development
Employers generally pay higher wages or salaries to more educated, skilled, and productive workers than to less educated, skilled, and productive workers.Budget Game – Core Concept
Lesson – Labor and Productivity
Lesson – Income and Compensation
Lesson – Career Development
Changes in economic conditions, technology, or the labor market can cause changes in income, career opportunities, or employment status.Lesson – Labor and Productivity
Lesson – Unemployment
Lesson – The Business Cycle
Federal, state, and local taxes fund government-provided goods, services, and transfer payments to individuals. The major types of taxes are income taxes, payroll taxes, property taxes, and sales taxes.Budget Game – Core Concept
Budget Game – Understanding Your Paycheck
Lesson – Unemployment and other programs
Lesson – Taxation Overview
The type and amount of taxes people pay depend on their sources of income, amount of income, and amount and type of spending.Lesson – Taxation Overview
Lesson – Tax Filing and the 1040
Lesson – Sales Taxes
Interest, dividends, and capital appreciation (gains) are examples of unearned income derived from financial investments. Capital gains are subject to different tax rates than earned income.Stock Game – Core Concept
Investing101 – Recording Gains and Losses
Tax deductions and credits reduce income tax liability.Lesson – Common Tax Credits and Deductions
Retirement income typically comes from some combination of continued employment earnings, Social Security, employer sponsored retirement plans, and personal investments.Lesson – Planning For Retirement
Activity – Saving To Be A Millionaire
Owning a small business can be a person’s primary career or can supplement income from other sources.Lesson – What is Entrepreneurship?
Lesson – Starting a Business
Spending
A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy.Budget Game – Core Concept
Lesson – All About Budgeting
Lesson – Spending and Savings Plans
Consumer decisions are influenced by the price of products or services, the price of alternatives, the consumer’s budget and preferences, and potential impact on the environment, society, and economy.Lesson – Spending and Savings Plans
Lesson – Planning and Evaluating Business Advertising
Lesson – Personal Selling
When purchasing a good that is expected to be used for a long time, consumers consider the product’s durability, maintenance costs, and various product features.Lesson – Spending and Savings Plans
Lesson – Planning Long Term Purchases
Consumers may be influenced by how prices of goods and services are advertised, and whether prices are fixed or negotiable.Lesson – Pricing Strategies
Lesson – Planning and Evaluating Business Advertising
Lesson – Personal Selling
Consumers incur costs and realize benefits when searching for information related to the purchase of goods and services.Lesson – Researching Spending
Lesson – Planning Long Term Purchases
Housing decisions depend on individual preferences, circumstances, and costs, and can impact personal satisfaction and financial well-being.Budget Game – Core Concept
Activity – Rent vs Buy
Lesson – Renting and Leasing
People donate money, items, or time to charitable and nonprofit organizations because they value the services provided by the organization and/or gain satisfaction from giving.Budget Game – Core Concept
Lesson – Charitable Giving
Federal and state laws, regulations, and consumer protection agencies (e.g., Federal Trade Commission, Consumer Affairs office, and Consumer Financial Protection Bureau) can help individuals avoid unsafe products, unfair practices, and marketplace fraud.Lesson – Consumer Rights and Responsibilities
Having an organized system for keeping track of spending, saving, and investing makes it easier to make financial decisions.Lesson – Keeping Financial Records
Saving
Financial institutions offer several types of savings accounts, including regular savings, money market accounts, and certificates of deposit (CDs), that differ in minimum deposits, rates, and deposit insurance coverage.Budget Game – Core Concept
Budget Game – Types of Investments
Investing101 – Investment Types
Lesson – Banks, Credit Unions, and Savings & Loan Institutions
Deposit account interest rates and fees vary between financial institutions and depend on market conditions and competition.Investing101 – Investment Types
Lesson – Interest Rates
Unless offered by insured financial institutions, mobile payment accounts and cryptocurrency accounts are not federally insured and usually do not pay interest to depositors.Lesson – Banks, Credit Unions, and Savings & Loan Institutions
Lesson – What is Money?
Inflation can erode the value of savings if the interest rate earned on a savings account is less than the inflation rate.Lesson – Inflation
Government agencies such as the Federal Reserve, the FDIC, and the NCUA, along with their counterparts in state government, supervise and regulate financial institutions to improve financial solvency, legal compliance, and consumer protection.Lesson – Consumer Rights and Responsibilities
Tax policies that allow people to save pretax earnings or to reduce or defer taxes on interest earned provide incentives for people to save.Lesson – Preparing for Retirement
Lesson – Taxation Overview
Employer defined contribution retirement plans and health savings accounts can provide incentives for employees to save.Lesson – Health Insurance
Lesson – Preparing for Retirement
People can reduce the potential for future financial strife with a partner or spouse by sharing personal financial information, goals, and values prior to combining finances.Lesson – Family Planning
There are many strategies that can help people manage psychological, emotional, and external obstacles to saving, including automated savings plans, employer matches, and avoiding personal triggers.Lesson – Automatic Payments
Lesson – Spending and Saving Strategies
Lesson – Spending and Savings Plans
Investing
A person’s investment risk tolerance depends on factors such as personality, financial resources, investment experiences, and life circumstances.Stock Game – Core Concept
Investing101 – Security Types
Investing101 – Building Your Personal Investing Strategy
Lesson – Investing Strategies
Investors earn investment returns from price changes and annual cash flows (such as interest, dividends or rent). The nominal annual rate of return is the annual total dollar benefit as a percentage of the beginning price.Stock Game – Core Concept
Investing101 – Now That I Own It, What Do I Do?
Lesson – Why Invest In Stocks?
Lesson – Interest Rates
Investors expect to earn higher rates of return when they invest in riskier assetsStock Game – Core Concept
Investing101 – Building Your Personal Investing Strategy
Investing101 – Building Your $100,000 Portfolio
Lesson – How To Choose And Compare Stocks
Because inflation reduces purchasing power over time, the real return on a financial asset is lower than its nominal returnLesson – Interest Rates
Lesson – Inflation
The prices of financial assets change in response to market conditions, interest rates, company performance, new information, and investor demand.Stock Game – Core Concept
Lesson – Understanding Price Movements
Investing101 – Now That I Own It, What Do I Do?
When making diversification and asset allocation decisions, investors consider their risk tolerance, goals, and investing time horizon.Stock Game – Core Concept
Budget Game – Diversification
Expenses of buying, selling, and holding financial assets decrease the rate of return from an investment.Stock Game – Core Concept
Investing101 – Now That I Own It, What Do I Do?
Tax rules affect the rate of return on different investments, and can vary by holding period, type of income, and type of account.Lesson – Planning For Retirement
Activity – Investment Return Calculator
Investing101 – Now That I Own It, What Do I Do?
Common behavioral biases can result in investors making decisions that adversely affect their investment outcomes.Investing101 – Investor’s Guide to Success
Financial technology can counterbalance negative behavioral factors when making investment decisions.Video – Order Types
Video – How To Choose And Compare Stocks
Investing101 – Investor’s Guide To Success
Many investors buy and sell financial assets through discount brokerage firms that provide inexpensive investment services and advice using financial technology.Lesson – What Is A Brokerage?
Federal regulation of financial markets is designed to ensure that investors have access to accurate information about potential investments and are protected from fraud.Investing101 – Fundamental Analysis
Lesson – What Is A Balance Sheet
Lesson – Wht Is An Income Statement
Investors often compare the performance of their investments against a benchmark, such as a diversified stock or bond index.Investing101 – Introduction to Investing
Criteria for selecting financial professionals for investment advice include licensing, certifications, education, experience, and cost.Lesson – Certifications In The Finance Industry
Managing Credit
Borrowers can compare the cost of credit using the Annual Percentage Rate (APR) and other terms in the loan or credit card contract.Lesson – Understanding Credit
Activity – Car Loan Calculator
Lesson – Comparing Car Loans
Loans that are secured by collateral have lower interest rates than unsecured loans because they are less risky to lenders.Lesson – Understanding Credit
Lesson – Mortgages
Lesson – Credit Cards
Monthly mortgage payments vary depending on the amount borrowed, the repayment period, and the interest rate, which can be fixed or adjustable.Lesson – Mortgages
Activity – Buy vs Lease Calculator
Post-secondary education is often financed by students and families/caregivers through a combination of scholarships, grants, student loans, work-study, and savings.Lesson – Student Loans
Lesson – Career Planning
Federal student loans have lower rates and more favorable repayment terms than private student loans, and may be subsidized.Lesson – Student Loans
Down payments reduce the amount needed to borrow.Lesson – Understanding Credit
Lesson – Mortgages
Lesson – Comparing Car Loans
Activity – Car Loan Calculator
Lenders assess creditworthiness of potential borrowers by consulting credit reports compiled by credit bureaus.Budget Game – Core Concept
Budget Game – Credit Scores
Lesson – Credit Reports
A credit score is a numeric rating that assesses a person’s credit risk based on information in their credit report.Budget Game – Core Concept
Budget Game – Credit Scores
Lesson – Credit Reports
Credit reports and credit scores may be requested and used by entities other than lenders.Lesson – Credit Reports
Borrowers who face negative consequences because they are unable to repay their debts may be able to seek debt management assistance.Lesson – Debt Management Services
Lesson – Debt Negotiation
In extreme cases, bankruptcy may be an option for people who are unable to repay their debts.Lesson – Bankruptcy
Consumer credit protection laws govern disclosure of credit terms, discrimination in borrowing, and debt collection practices.Lesson – Debt Management Services
Lesson – Consumer Rights and Responsibilities
Alternative financial services, such as payday loans, checkcashing services, pawnshops, and instant tax refunds, provide easy access to credit, often at relatively high cost.Lesson – Understanding Credit
Managing Risk
People vary with respect to their willingness to accept risk and in how much they are willing to pay for insurance that will allow them to minimze future financial loss.Lesson – Insurance Basics
The decision to buy insurance depends on perceived risk exposure, the price of insurance coverage, and individual characteristics such as risk attitudes, age, occupation, lifestyle, and financial profile.Lesson – Insurance Basics
Some types of insurance coverage are mandatoryBudget Game – Car Insurance
Lesson – Car Insurance
Lesson – Homeowner’s Insurance
Insurance premiums are lower for people who take actions to reduce the likelihood and/or financial cost of losses and for those who buy policies with larger deductibles or copayments.Lesson – Insurance Basics
Lesson – Car Insurance
Health insurance provides coverage for medically necessary health care and may also cover some preventive care. It is sometimes offered as an employee benefit with the employer paying some or all of the premium cost.Lesson – Health Insurance
Lesson – Income and Compensation
Disability insurance replaces income lost when a person is unable to earn their regular income due to injury or illness. In addition to privately purchased policies, some government programs provide disability protection.Lesson – Disability Insurance
Auto, homeowner’s and renter’s insurance reimburse policyholders for financial losses to their covered property and the costs of legal liability for their damages to other people or property.Lessson – Insurance Basics
Lesson – Car Insurance
Lesson – Homeowner’s Insurance
Lesson – Renter’s Insurance
Life insurance provides funds for beneficiaries in the event of an insured person’s death. Policy proceeds are intended to replace the insured’s lost wages and/or to fund their dependents’ future financial needs.Lesson – Life Insurance
Lesson – Retirement Planning
Unemployment insurance, Medicaid, and Medicare are public insurance programs that protect individuals from economic hardship caused by certain risks.Lesson – Unemployment and Other Programs
Lesson – Health Insurance
Insurance fraud is a crime that encompasses illegal actions by the buyer (e.g., falsified claims) or seller (e.g., representing non-existent companies) of an insurance contract.Lessson – Protecting Against Fraud
Online transactions and failure to safeguard personal documents can make consumers vulnerable to privacy infringement, identity theft, and fraud.Lessson – Protecting Against Fraud
Extended warranties and service contracts are like an insurance policyBudget Game – Core Concept
Lesson – Insurance Basics

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