Ohio Standards Alignment
We compared our curriculum and the core financial literacy concepts that are covered in our Budget and Stock Games to the financial literacy learning standards for the state of Ohio.
A list of the Ohio’s Learning Standards for Financial Literacy 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 | |||||
|---|---|---|---|---|---|---|
| FINANCIAL RESPONSIBILITY AND DECISION MAKING | ||||||
| Financial responsibility entails being accountable for managing money to satisfy one’s current and future economic choices. | Budget Game – Core Component Lesson – Pay Yourself First Lesson – Building Wealth Lesson – Preparing for Retirement | |||||
| Financial responsibility involves life-long decision-making strategies which include consideration of alternatives and consequences. | Budget Game – Core Component Lesson – Pay Yourself First Lesson – Building Wealth Lesson – Preparing for Retirement | |||||
| Competencies (knowledge and skills), commitment (motivation and enthusiasm), competition (globalization and automation), training, work ethic, abilities and attitude are all factors impacting one’s earning potential and employability. | Lesson – Career Development Lesson – Benefits of Competition | |||||
| Income sources include job earnings and benefits, entrepreneurship, saving and investment earnings, government payments, grants, inheritances, etc. Workers can experience dramatic income dips and spikes from month to month. | Budget Game – Core Component Lesson – Income and Compensation Lesson – What is Money? Lesson – What is Wealth? Lesson – Starting a Business | |||||
| Taxes, retirement, insurance, employment benefits, and both voluntary and involuntary deductions impact take home pay. | Lesson – Income and Compensation Lesson – Payroll Best Practices | |||||
| PLANNING AND MONEY MANAGEMENT | ||||||
| Financial responsibility includes the development of a spending and savings plan (personal budget). | Budget Game – Core Component Lesson – Spending and Savings Plans | |||||
| Financial institutions offer a variety of products and services to address financial responsibility. | Lesson – Banks, Credit Unions, and Savings and Loans Lesson – Good Debt, Bad Debt Lesson – Short-Term Financing | |||||
| Financial experts provide guidance and advice on a wide variety of financial issues. | Lesson – When to hire a tax professional Lesson – Debt Management Services | |||||
| Planning for and paying local, state and federal taxes is a financial responsibility. | Lesson – Taxation Overview | |||||
| Tax payers may save money by understanding and using tax credits and deductions. | Lesson – Common Tax Deductions Lesson – Common Tax Additions | |||||
| INFORMED CONSUMER | ||||||
| An informed consumer makes decisions on purchases that may include a decision-making strategy to determine if purchases are within their budget. | Budget Game – Core Component Lesson – Pay Yourself First Lesson – Budgeting Lesson – Spending and Savings Plans | |||||
| Consumer advocates, organizations and regulations provide important information and help protect against potential consumer fraud. | Lesson – Protecting Against Fraud Lesson – Consumer rights and responsibilities | |||||
| Part of being an informed consumer is knowing how to utilize financial services and risk management tools, as well as comparing consumer lending terms and conditions and reading financial statements. | Lesson – Researching Spending Lesson – What are financial records Lesson – Using Credit Lesson – Consumer rights and responsibilities | |||||
| Planned purchasing decisions factor in direct (price) and indirect costs (e.g. sales/use tax, excise tax, shipping, handling, and delivery charges, etc.). | Lesson – Budgeting Lesson – Sales Tax | |||||
| INVESTING | ||||||
| Using key investing principles one can achieve the goal of increasing net worth. | Stock Game – Core Component Investing101 Certification Lesson – Building Wealth | |||||
| Investment strategies must take several factors into consideration including the time horizon of the investment, the degree of diversification, the investor’s risk tolerance, how the assets are selected and allocated, product costs, fees, tax implications and the time value of money. | Stock Game – Core Component Lesson – Time Value of Money Lesson – Building a Diversified Portfolio Lesson – Investing Strategies Activity – Use the Investment Return Calculator | |||||
| Government agencies are charged with regulating providers of financial services to help protect investors. | Investing101 Certification Lesson – What is the Federal Reserve? Lesson – Government impact on the economy | |||||
| CREDIT AND DEBT | ||||||
| Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay to lender at some later date. | Lesson – Using Credit Lesson – Short-Term Financing Lesson – Short Term and Long Term Financing | |||||
| Debt is an obligation owed by one party to a second party. | Lesson – Using Credit Lesson – Managing Debt | |||||
| Effectively balancing credit and debt helps one achieve some short and long-term goals. | Budget Game – Core Component Lesson – Planning for Long-Term Purchases Activity – Use the Buy vs Lease Calculator | |||||
| Financial documents and contractual obligations inform the consumer and define the terms and conditions of establishing credit and incurring debt. | Lesson – What makes a contract valid? Lesson – What are Financial Records? Lesson – Using Credit Lesson – Credit Cards Lesson – Managing Credit | |||||
| Many options exist for paying for post-secondary education opportunities. | Lesson – Student Loans Lesson – Work or Study | |||||
| RISK MANAGEMENT AND INSURANCE | ||||||
| A risk management plan can protect consumers from the potential loss of personal and/or business assets or income. | Lesson – Risk Lesson – Protecting Against Fraud | |||||
| Safeguards exist that help protect one’s identity. | Lesson – Protecting Against Fraud | |||||
| Diversification of assets is one way to manage risk. | Lesson – Building a Diversified Portfolio | |||||
| A comprehensive insurance plan (health, life, disability, auto, homeowners, renters, liability, etc.) serves as a safeguard against potential loss. | Lesson – Health Insurance Lesson – Life Insurance Lesson – Car Insurance Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance |
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