New Jersey Financial Literacy Standards: Teacher Resources

New Jersey Personal Financial Literacy Standards Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the New Jersey Personal Financial Literacy 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
INCOME AND CAREERS
Differentiate among the types of taxes and employee benefits.	Lesson – Tax Basics You Need to Know Lesson – What’s in Your Compensation Package?
Differentiate between taxable and nontaxable income.	Lesson – Payroll Best Practices Lesson – Tax Basics You Need to Know
Analyze the relationship between various careers and personal earning goals.	Lesson – Planning Your Career Path Lesson – Work or Study Lesson – Break Free From Money Stress with a Budget
Identify a career goal and develop a plan and timetable for achieving it, including educational/training requirements, costs, and possible debt.	Lesson – Work or Study Lesson – Financing Your Education Lesson – Planning Your Career Path
Analyze how the economic, social, and political conditions of a time period can affect the labor market.	Lesson – The Business Cycle Lesson – Why Do Some Jobs Pay More Than Others?
Summarize the financial risks and benefits of entrepreneurship as a career choice.	Lesson – Starting a Business 101 101 Lesson – Entrepreneurship
Analyze and critique various sources of income and available resources (e.g., financial assets, property, and transfer payments) and how they may substitute for earned income.	Investing101 Certification Lesson – What is Wealth? Lesson – Building a diversified portfolio Lesson – How to Develop an Investing Strategy
Analyze different forms of currency and how currency is used to exchange goods and services.	Lesson – What is Money? Lesson – International Trade
Analyze how personal and cultural values impact spending and other financial decisions.	Budget Game – Core Component
Demonstrate how exemptions and deductions can reduce taxable income.	Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe
Explain the relationship between government programs and services and taxation.	Lesson – Tax Basics You Need to Know Lesson – The Anatomy of Unemployment and other programs Lesson – Government impact on the economy
Explain how compulsory government programs (e.g., Social Security, Medicare) provide insurance against some loss of income and benefits to eligible recipients.	Lesson – The Anatomy of Unemployment and other programs Lesson – Government impact on the economy Lesson – The Anatomy of Unemployment Lesson – Why Do Some Jobs Pay More Than Others?
Analyze the impact of the collective bargaining process on benefits, income, and fair labor practice.	Lesson – Protect Yourself as a Consumer Lesson – The Ultimate Employee Guide
MONEY MANAGEMENT	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Prioritize financial decisions by systematically considering alternatives and possible consequences.	Lesson – The Secret to a Comfortable Retirement Lesson – How to Prepare for Unexpected Expenses Lesson – The Cost of Raising a Family Lesson – Planning for Long Term Purchases
Compare strategies for saving and investing and the factors that influence how much should be saved or invested to meet financial goals.	Budget Game – Core Component Lesson – Building Wealth Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Break Free From Money Stress with a Budget
Construct a plan to accumulate emergency “rainy day” funds.	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Break Free From Money Stress with a Budget
Analyze how income and spending plans are affected by age, needs, and resources.	Lesson – Proven Techniques to Stop Overspending Lesson – Planning Your Career Path Lesson – What’s in Your Compensation Package?
Analyze how changes in taxes, inflation, and personal circumstances can affect a personal budget.	Lesson – Inflation Lesson – The Importance of Interest Rates Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Monetary Policy
Design and utilize a simulated budget to monitor progress of financial plans.	Budget Game – Core Component
Explain the meaning of income tax, describe how it is calculated, and analyze its impact on one’s personal budget.	Lesson – Income Tax Filing Tips & Tricks Lesson – When to hire a tax professional Lesson – Spending and Savings Plans
Describe and calculate interest and fees that are applied to various forms of spending, debt, and saving.	Activity – Use the Compound Interest Calculator Activity – Use the Credit Card Payments Calculator Activity – Model Your Financial Future
Research the types and characteristics of various financial organizations in the community (e.g., banks, credit unions, check-cashing stores, et. al.).	Lesson – Choosing the Best Banking Option for You
Develop a plan that uses the services of various financial institutions to meet personal and family financial goals.	Investing101 Certification Lesson – Finding the Right Brokerage Account Lesson – When to hire a tax professional Lesson – The Secret to a Comfortable Retirement Lesson – Choosing the Best Banking Option for You
CREDIT AND DEBT MANAGEMENT	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Compare and contrast the financial benefits of different products and services offered by a variety of financial institutions.	Lesson – Choosing the Best Banking Option for You
Compare and compute interest and compound interest and develop an amortization table using business tools.	Activity – Use the Compound Interest Calculator Activity – Use the Credit Card Payments Calculator Lesson – Demystifying the Impact of Interest Rates
Compute and assess the accumulating effect of interest paid over time when using a variety of sources of credit.	Activity – Use the Credit Card Payments Calculator Lesson – How Borrowers Manage Personal Debt
Compare and contrast the advantages and disadvantages of various types of mortgages.	Lesson – Mortgage Options for First-Time Homebuyers
Analyze the information contained in a credit report and explain the importance of disputing inaccurate entries.	Lesson – What Your Credit Report Says About You
Explain how predictive modeling determines “credit scores.”	Lesson – What Your Credit Report Says About You
Analyze the rights and responsibilities of buyers and sellers under consumer protection laws.	Lesson – Protect Yourself as a Consumer
Identify the types and characteristics of predatory lending practices (e.g., payday loans, car title loans, high-risk mortgages).	Lesson – What to Do When You Need Money Fast
Evaluate the implications of personal and corporate bankruptcy for self and others.	Lesson – What Is Bankruptcy?
PLANNING, SAVING, AND INVESTING	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Calculate short- and long-term returns on various investments (e.g., stocks, bonds, mutual funds, IRAs, deferred pension plans, and so on).	Investing101 Certification Activity – Model Your Financial Future
Assess the impact of inflation on economic decisions and lifestyles.	Lesson – Inflation
Summarize how investing builds wealth and assists in meeting long- and short-term financial goals.	Lesson – What is Wealth? Lesson – Building Wealth
Assess factors that influence financial planning.	Lesson – How to Develop an Investing Strategy Lesson – The Secret to a Comfortable Retirement Lesson – Life Insurance: The Ultimate Safety Net
Justify the use of savings and investment options to meet targeted goals.	Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Analyze processes and vehicles for buying and selling investments.	Stock Game – Core Component Investing101 Certification Lesson – Getting (and understanding) stock quotes Lesson – The Pros and Cons of Mutual Funds Lesson – Getting Started with Bond Investing
Explain the risk, return, and liquidity of various savings and investment alternatives.	Lesson – How to Develop an Investing Strategy Investing101 Certification
Explain how government and independent financial services and products are used to achieve personal financial goals.	Lesson – The Secret to a Comfortable Retirement Lesson – What’s in Your Compensation Package?
Relate savings and investment results to achievement of financial goals.	Activity – Model Your Financial Future Activity – Net Present Value (NPV) Calculator Activity – Crack the Code to Becoming a Millionaire
Differentiate among various investment products and savings vehicles and how to use them most effectively.	Stock Game – Core Component Investing101 Certification Lesson – A Beginner’s Guide to Investing in Stocks Lesson – A Simple Explanation of ETFs Lesson – The Pros and Cons of Mutual Funds Lesson – Getting Started with Bond Investing
Assess the role of revenue-generating assets as mechanisms for accruing and managing wealth.	Lesson – Building Wealth Lesson – What is Wealth?
Compare and contrast the past and present role of government in the financial industry and in the regulation of financial markets.	Lesson – Government impact on the economy Lesson – Fiscal Policy Explained Lesson – Monetary Policy
Determine the impact of various market events on stock market prices and on other savings and investments.	Lesson – Could the 1929 Crash Happen Again? Lesson – Decoding What Moves The Market
Evaluate how taxes affect the rate of return on savings and investments.	Lesson – Tax Basics You Need to Know
Analyze how savings, retirement plans, and other investment options help to shift current income for purposes of tax reporting and filing.	Lesson – The Secret to a Comfortable Retirement Lesson – How to Prepare for Unexpected Expenses Lesson – Planning for Long Term Purchases
BECOMING A CRITICAL CONSUMER	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Evaluate the appropriateness of different types of monetary transactions (e.g., electronic transfer, check, certified check, money order, gift card, barter) for various situations.	Lesson – How Debit Cards Work Lesson – Credit Cards: Terms, Fees, and More Lesson – Automatic Payments: Convenience vs. Risk
Analyze and apply multiple sources of financial information when prioritizing financial decisions.	Lesson – How Do You Stop Impulse Purchases? Investing101 Certification
Determine how objective, accurate, and current financial information affects the prioritization of financial decisions.	Lesson – How to Read an Income Statement Lesson – How to Read a Balance Sheet Lesson – The Cash Flow Statement Explained Lesson – Asset Valuation
Evaluate how media, bias, purpose, and validity affect the prioritization of consumer decisions and spending.	Lesson – Spending and Savings Plans Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – How Do You Stop Impulse Purchases?
Evaluate business practices and their impact on individuals, families, and societies.	Lesson – Social Responsibility In Management Lesson – What Is the Product Life Cycle? Lesson – The Business Cycle
Evaluate written and verbal contracts for essential components and for obligations of the lender and borrower.	Lesson – What makes a contract valid?
Apply specific consumer protection laws to the issues they address.	Lesson – Protect Yourself as a Consumer
Relate consumer fraud, including online scams and theft of employee time and goods, to laws that protect consumers.	Lesson – Protecting Against Fraud
Determine when credit counseling is necessary and evaluate the resources available to assist consumers who wish to use it.	Lesson – How Borrowers Manage Personal Debt Lesson – Getting Help With Debt Repayment Lesson – Debt Relief: Is Consolidation the Answer? Lesson – How to Negotiate With Creditors
Determine reasons for the increase of identity theft worldwide and evaluate the extent to which victims of identity theft are successful in fully restoring their personal identities.	Lesson – Protecting Against Fraud
CIVIC FINANCIAL RESPONSIBILITY	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Relate a country’s economic system of production and consumption to building personal wealth and achieving societal responsibilities.	Lesson – Why Do Some Jobs Pay More Than Others?
Assess the impact of emerging global economic events on financial planning.	Lesson – The Business Cycle Lesson – International trade
Analyze how citizen decisions and actions can influence the use of economic resources to achieve societal goals and provide individual services.	Lesson – Analyzing Consumer Behavior Lesson – Supply and Demand Examples in the Stock Market Lesson – Protect Yourself as a Consumer
Compare and contrast the role of philanthropy, volunteer service, and charities in community development and quality of life in a variety of cultures.	Lesson – A Guide to Effective Charitable Donations Lesson – Types of Companies
Explain the concept and forms of taxation and justify the use of taxation to fund public activities and initiatives.	Lesson – Tax Basics You Need to Know Lesson – Monetary Policy
INSURING AND PROTECTING	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze risks and benefits in various financial situations.	Stock Game – Core Component Budget Game – Core Component Lesson – Risk Lesson – Opportunity Cost
Differentiate between property and liability insurance protection.	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners
Compare the cost of various types of insurance (e.g., life, homeowners, motor vehicle) for the same product or service, given different liability limits and risk factors.	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners Lesson – Car Insurance: How to Lower Your Rates Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive
Evaluate individual and family needs for insurance protection using opportunity-cost analysis.	Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive Lesson – The Cost of Raising a Family
Differentiate the costs and benefits of renter’s and homeowner’s insurance.	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners
Explain how to self-insure and how to determine when self-insurance is appropriate.	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Why Health Insurance is So Expensive
Determine when and why it may be appropriate for the government to provide insurance coverage, rather than private industry.	Lesson – Why Health Insurance is So Expensive