We compared our learning materials and the core financial literacy concepts that are covered in our Budget and Stock Games to the personal finance literacy standards for the state of New Jersey.
A list of the New Jersey Personal Financial Literacy are below, along with a selection of activities from our games and library that align with each standard. Our Learning 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.
Students will learn through playing the interactive online games, as well as completing the self-graded lessons that were designed to keep young learners engaged.
When you order PersonalFinanceLab® for your class, you’ll also get access to course outlines, lesson plans, student activities and grading rubrics that tie everything together.
Check out our course outlines, we’ll walk you through every step of the way!
We’re here to help engage your students to learn how to manage their money responsibly. Learn more about each of the main features and see how we can help transform your class.
Build your students confidence in the financial markets as they learn how to invest their money wisely.
Learn moreDiscover how the fully customizable platform can be tailored to fit the needs of your class by talking to a member of our team. Our curriculum specialists can guide you on how to integrate our lessons and games into your existing curriculum.
Schedule a callFind 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 – Taxation Overview Lesson – Income and Compensation | |||||
Differentiate between taxable and nontaxable income. |
Lesson – Payroll Best Practices Lesson – Taxation Overview | |||||
Analyze the relationship between various careers and personal earning goals. |
Lesson – Career Development Lesson – Work or Study Lesson – Budgeting | |||||
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 – Student Loans Lesson – Career Development | |||||
Analyze how the economic, social, and political conditions of a time period can affect the labor market. |
Lesson – The Business Cycle Lesson – Labor and Productivity | |||||
Summarize the financial risks and benefits of entrepreneurship as a career choice. |
Lesson – Starting a Business 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 – Investing Strategies | |||||
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 – Common Tax Deductions Lesson – Common Tax Additions | |||||
Explain the relationship between government programs and services and taxation. |
Lesson – Taxation Overview Lesson – 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 – Unemployment and other programs Lesson – Government impact on the economy Lesson – Unemployment Lesson – Labor and Productivity | |||||
Analyze the impact of the collective bargaining process on benefits, income, and fair labor practice. |
Lesson – Consumer rights and responsibilities Lesson – Employer and Employee Rights and Responsibilities | |||||
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 – Preparing for Retirement Lesson – Preparing for Spending Shocks Lesson – Family Planning 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 Lesson – Budgeting | |||||
Construct a plan to accumulate emergency “rainy day” funds. |
Budget Game – Core Component Lesson – Pay Yourself First Lesson – Budgeting | |||||
Analyze how income and spending plans are affected by age, needs, and resources. |
Lesson – Budgeting and Spending Strategies Lesson – Career Development Lesson – Income and Compensation | |||||
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 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 – Tax Filing and the Form 1040 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 – Use the Investment Return Calculator | |||||
Research the types and characteristics of various financial organizations in the community (e.g., banks, credit unions, check-cashing stores, et. al.). | Lesson – Banks, Credit Unions, and Savings and Loans | |||||
Develop a plan that uses the services of various financial institutions to meet personal and family financial goals. |
Investing101 Certification Lesson – What is a Brokerage? Lesson – When to hire a tax professional Lesson – Preparing for Retirement Lesson – Banks, Credit Unions, and Savings and Loans | |||||
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 – Banks, Credit Unions, and Savings and Loans | |||||
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 – Importance 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 – Managing Debt | |||||
Compare and contrast the advantages and disadvantages of various types of mortgages. | Lesson – Mortgages | |||||
Analyze the information contained in a credit report and explain the importance of disputing inaccurate entries. | Lesson – Credit Reports | |||||
Explain how predictive modeling determines “credit scores.” | Lesson – Credit Reports | |||||
Analyze the rights and responsibilities of buyers and sellers under consumer protection laws. | Lesson – Consumer rights and responsibilities | |||||
Identify the types and characteristics of predatory lending practices (e.g., payday loans, car title loans, high-risk mortgages). | Lesson – Short-Term Financing | |||||
Evaluate the implications of personal and corporate bankruptcy for self and others. | Lesson – 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 – Use the Investment Return Calculator | |||||
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 – Investing Strategies Lesson – Preparing for Retirement Lesson – Life Insurance | |||||
Justify the use of savings and investment options to meet targeted goals. | Lesson – Pay Yourself First | |||||
Analyze processes and vehicles for buying and selling investments. |
Stock Game – Core Component Investing101 Certification Lesson – Getting (and understanding) stock quotes Lesson – What is a Mutual Fund? Lesson – What are Bonds? | |||||
Explain the risk, return, and liquidity of various savings and investment alternatives. |
Lesson – Investing Strategies Investing101 Certification | |||||
Explain how government and independent financial services and products are used to achieve personal financial goals. |
Lesson – Preparing for Retirement Lesson – Income and Compensation | |||||
Relate savings and investment results to achievement of financial goals. |
Activity – Use the Investment Return Calculator Activity – Use the Net Present Value Calculator Activity – Use the Saving to be a Millionaire Calculator | |||||
Differentiate among various investment products and savings vehicles and how to use them most effectively. |
Stock Game – Core Component Investing101 Certification Lesson – What is a Stock? Lesson – What is an ETF? Lesson – What is a Mutual Fund? Lesson – What are Bonds? | |||||
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 – Stock Market Crash of 1929 Lesson – Understanding Price Movements | |||||
Evaluate how taxes affect the rate of return on savings and investments. | Lesson – Taxation Overview | |||||
Analyze how savings, retirement plans, and other investment options help to shift current income for purposes of tax reporting and filing. |
Lesson – Preparing for Retirement Lesson – Preparing for Spending Shocks 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 – Debit Cards Lesson – Credit Cards Lesson – Automatic Payments | |||||
Analyze and apply multiple sources of financial information when prioritizing financial decisions. |
Lesson – Researching Spending Investing101 Certification | |||||
Determine how objective, accurate, and current financial information affects the prioritization of financial decisions. |
Lesson – What is an Income Statement? Lesson – What is a Balance Sheet? Lesson – What Is A Cash Flow Statement 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 Lesson – Researching Spending | |||||
Evaluate business practices and their impact on individuals, families, and societies. |
Lesson – Social Responsibility In Management Lesson – The Product Lifecycle 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 – Consumer rights and responsibilities | |||||
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 – Managing Debt Lesson – Debt Management Services Lesson – Consolidating Debt Lesson – Debt Negotiation | |||||
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 – Labor and Productivity | |||||
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 – Consumer rights and responsibilities | |||||
Compare and contrast the role of philanthropy, volunteer service, and charities in community development and quality of life in a variety of cultures. |
Lesson – Charitable Giving Lesson – Types of Companies | |||||
Explain the concept and forms of taxation and justify the use of taxation to fund public activities and initiatives. |
Lesson – Taxation Overview 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 – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations | |||||
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 – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance | |||||
Evaluate individual and family needs for insurance protection using opportunity-cost analysis. |
Lesson – Life Insurance Lesson – Health Insurance Lesson – Family Planning | |||||
Differentiate the costs and benefits of renter’s and homeowner’s insurance. |
Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Rental Agreements and Homeowner’s Associations | |||||
Explain how to self-insure and how to determine when self-insurance is appropriate. |
Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Health Insurance | |||||
Determine when and why it may be appropriate for the government to provide insurance coverage, rather than private industry. | Lesson – Health Insurance |
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