Utah Financial Literacy 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 Utah.

A list of the Strands and Standards for General Financial Literacy for Utah 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
Knowledge Group Standard Activity
Analyze the role of cultural, social, and emotional influences on financial behavior. Evaluate the role of emotions, attitudes, and behavior in making financial decisions. Spending and Savings Plans
Planning Long Term Purchases
Researching Spending
Budgeting and Spending Strategies
Building Wealth
Budget Game
Recognize that individuals are responsible for their own financil decisions and for subsequent positive and negative consequences. Budget Game
Managing Bills
Relate instant satisfaction and delayed gratification to impulse buying and planned expenditures. Budget Game
Researching Spending
Spending and Savings Plans
Describe the influence and social pressure and marketing strategies as related to purchasing decisions. Spending and Savings Plans
Personal Selling
Foundations of Marketing
Explain how scarcity of financial resources affects wants and needs. Why is there Scarcity?
What is Supply?
What is Demand?
Supply and Demand Examples in the Stock Market
Understand the law of supply and demand as a major economic force. What is Economics?
What is Supply?
What is Demand?
Supply and Demand Examples in the Stock Market
Understand command, market, and mixed economic systems. Comparative Economic Systems
Discuss historic and current examples of each economic system and the effects on economic growth. Comparative Economic Systems
Stock Market Crash of 1929
What is the NYSE?
What is Wall Street?
Identify and define the types of financial risks, including inflation, deflation, and recession. The Business Cycle
Inflation
Importance of Interest Rates
Define a rational decision-making process and the steps of financial planning. Define opportunity cost (tradeoffs) and their role in decision making. Budget Game
Why is there scarcity?
What is Opportunity Cost?
Describe a rational decision making process. Researching Spending
Planning Long-Term Purchases
Buy vs Lease
Consumer Rights and Responsibilities
Identify short and long-term financial decisions and the impact they have on financial planning. Researching Spending
Planning Long-Term Purchases
Retirement Planning
Define the elements of a financial plan. Budgeting
Spending and Savings Plans
Preparing For Retirement
What are Financial Records?
Explain how setting goals affect personal financial planning Identify spending habits and their connection to personal financial values. Budget Game
Identify and create short and long-term financial goals. Budget Game
Spending and Savings Plans
All About Budgeting
Identify various sources of income and specific employability skills. Identify sources of income such as, wages, commissions, investment income, benefits, inheritance, and gifts. Budget Game
Income and Compensation
Building Wealth
Investing 101 – Investor’s Guide to Success
Evaluate and compare career opportunities based on individual interests, skills, and educational requirements; the value of work to society; income potential; and the supply and demand of the workforce, including unemployment. Career Center
Job Search Tool
Income and Compensation
Career Development
Unemployment and other Assistance Programs
How To Choose an Internship
Compare the risks and rewards of entrepreneurship/self-employment. What is Entrepreneurship?
Types of Companies
Forms of Business Ownership
Income and Compensation
Starting a Business
Compare income to the cost-of-living in various geographical areas and the impact it has on purchasing power. Budget Game
Understand and effects of state and federal taxes and the requirement to file, including income, filing status and dependency tax law, the differences between refundable credits, non-refundable credits, and adjustments, and the differences between gross and net income. Budget Game
Income Tax and the Form 1040
Common Tax Deductions
Common Tax Additions
Understand basic employment forms and processes, including W-2, W-4, I-9, and Form 1040. Budget Game
Income Tax and the Form 1040
Common Tax Deductions
Common Tax Additions
Understand and begin preparation for career and post-high school training. Recognize and explore the correlation between education, training, and potential lifetime income. Job Search Engine
Career Development
Certifications in the Finance Industry
Budget Game
Calculate the costs of post-high school training options and analyze the return on investment (ROI) based on career choices, including understanding the cost differences between public and private, and between nonprofit and for-profit education and training. Spending and Savings Plans
Student Loans
Identify sources of funding to assist in port-high school education opportunities and the cost of repayment. Student Loans
Understand the process for the benefits of FAFSA completion. Student Loans
Identify components to be included on a resume and/or electronic professional profile, such as appropriate contact information; educational, work, and volunteer experience; skills, certificates obtained; accomplishments; interests; and references. Using Keywords in your Resume
Biggest Mistakes of Job Seekers
Acing Job Interviews
Identify sources and strategies for and benefits of networking for finding employment, whether for summer jobs or full-time career placement. Career Development
Budget Game
Describe and discuss financial institutions and demonstrate how to manage personal financial accounts. Explain the role of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Association (NCUA). What is the Federal Reserve?
Banks, Credit Unions, and Savings & Loan Institutions
Compare the roles of financial institutions and their services, such as banks, credit unions, investment or brokerage firms, insurance companies, and loan agencies. Banks, Credit Unions, and Savings & Loan Institutions
Certifications in the Finance Industry
Types of Insurance
What is a Brokerage?
Demonstrate how to manage checking/debit and saving accounts, both manually and/or electronically, including reconciliation. Budget Game
Money – Types of Stored Value
Reconciling Accounts
Describe available consumer banking technologies. Automatic Payments
Banks, Credit Unions, and Savings & Loan Institutions
Explain the potential consequences of checking account mismanagement, such as non-sufficient funds (NSF) handling, overdraft processing, and the role of ChexSystems.

Budget Game
Automatic Payments
Banks, Credit Unions, and Savings & Loan Institutions
Discuss the dynamics of saving and investing. Explain how paying yourself first (PYF) early and often influences positive progress toward long-term financial goals. Budget Game
Pay Yourself First
Millionaire Calculator
Spending and Savings Plans
Identify and understand basic saving options such as savings accounts and Certificates of Deposit. Understand that savings are designed to preserve principal. Investing101 – Types of Investments
Identify and understand investment options, including retirement planning, long and short-term investments, and dividend reinvestment plans. Understand that investments put principal at risk. Stock Game
Retirement Planning
Investing101 – Types of Investments
What is a Stock?
What is an ETF?
What is a Mutual Fund?
What is a Bond?
Identify types of long-term retirement investments, such as IRA, Roth IRA, 401 (k), and 403(b), as well as reasons to invest. Retirement Planning
Demonstrate time value of money (TVM) princiles by using the rule of 72 and by manipulating the five variables used in basic TVM calculations. Compound Interest Calculator
What are Interest Rates?
Understand the role of risk management in asset protection. Discuss the purposes of insurance/risk management. Types of Insurance
Internal Risk Management
Define common insurance options and their purposes, such as automobile, health, homeowner/renter, whole/term life, long-term care and disability. Types of Insurance
Car Insurance
Renter’s Insurance
Homeowner’s Insurance
Life Insurance
Health Insurance

Define terms of a basic insurance policy, such as contract, limits of coverage, premium, deductible grace period, and lifetime limit. Types of Insurance
Car Insurance
Renter’s Insurance
Homeowner’s Insurance
Life Insurance
Health Insurance

Discuss insurance needs at different stages of life. Types of Insurance
Car Insurance
Renter’s Insurance
Homeowner’s Insurance
Life Insurance
Health Insurance

Understand identification and designation of beneficiaries. Types of Insurance
Simple and Living Wills
Identify and explain the process of budgeting based on calculated income. Develop a budget. Budget Game
All About Budgeting
Spending and Savings Plans
Home Budget Calculator
Identify and prioritize fixed, variable, and periodic budget categories. Budget Game
Juggling Bills
Spending and Savings Plans
All About Budgeting
Emphasize the importance of proactive budget priorities, such as pay yourself first, emergency/opportunity fund, insurance, and charitable or other voluntary contributions. Budget Game
All About Budgeting
Pay Yourself First
Types of Insurance
Charitable Giving
Discuss the pros and cons of charitable giving. Charitable Giving
List ways and examples of charitable giving. Charitable Giving
Compare tools for tracking of a budget, income and expenditures, such as the envelope system, paper tracking, and online or software options. Budget Game
All About Budgeting
Emphasize the importance of comparison shopping, buying strategies, negotiation, and sales and marketing strategies in purchasing. Budget Game
Comparison Shopping
Researching Spending
Foundations of Marketing
Identify the process, rights, and responsibilities relating to renting, leasing, and purchasing a home. Renting and Leasing
Mortgages
Buy vs Lease Calculator
Types of Credit
Identify the process, rights, and responsibilities relating to renting, leasing, and purchasing a vehicle. Car Loan Calculator
Using Spreadsheets to compare Car Loans
Understand the similarities and differences between “principal” and “interest” on an amortization schedule. Types of Credit
Mortgages
Car Loan Calculator
Explain the purpose of co-signers and collateral when applying for a loan. Types of Credit
Describe and discuss the impact of credit and debt on personal money management. Discuss the purpose and role of credit and explain the value of building and mantaining a healthy credit rating, including elements of creditworthiness: character, capacity, capital, collateral, and conditions. Budget Game
Types of Credit
Credit Reports
Explore and discuss the pros and cons of basic types of credit, such as unsecured vs. secured credit, credit cards, installment loans, revolving credit, student loans, and predatory lenders. Budget Game
Types of Credit
Credit Cards
Short-Term Financing
Good Debt, Bad Debt
Describe the risks and responsibitilies associated with using credit, such as APR, grace period, late fees, finance charges, default rates, interest, and closing costs. Budget Game
Short-Term Financing
Good Debt, Bad Debt
Credit Card Payment Calculator
Understand principal and interest calculations. Budget Game
Credit Card Payment Calculator
Car Loan Calculator
Types of Credit
Calculate how long it takes to repay debt by making minimum payments on installment loans and revolving accounts. Credit Card Payment Calculator
Locate and use online calculators to determine how principal and interest aggregate monthly for long-term debt such as mortgages, vehicles, personal loans, and credit cards. Car Loan Calculator
Using Spreadsheets to compare Car Loans
Evaluate the costs and risks of payday and predatory lending. Good Debt, Bad Debt
Describe the personal and societal effects of bankruptcy and identify circumstances that lead to bankruptcy, such as uninsured medical costs, family break-up, or loss of job. What is Bankruptcy
Debt Management Services
Explain and understand credit reports and scores Identify the three major credit bureaus. Credit Reports
Understand the legal right to a free annual credit report (AnnualCreditReport.com) Credit Reports
Evaluate and identify components of a credit report, including derogatory remarks, and the warning signs of credit abuse, such as late fees, missed payments, collection notices, and bounced checks. Credit Reports
Define rights and responsibilities of buyers and sellers under consumer protection laws. Understand financial contracts tied to consumer purchases, such as cell phone, cable or satellite plans, and membership fees. Budget Game
What makes a contract valid?
Discuss the negative impacts of predatory and payday lending practices. Good Debt, Bad Debt
Short-Term Financing
Identify ways to avoid identity theft and fraud, such as securing sensitive financial data, using care when participating in online commerce, avoiding phishing and pharming, and properly disposing of sensitive documents. Protecting Against Fraud
Understand how to recover from fraud and identity theft. Protecting Against Fraud
Discuss ways to avoid financial schemes such as Ponzi schemes and other questionable and illegal practices. Protecting Against Fraud
Consumer Rights and Responsibilities
Identify the pros and cons of online commerce, including how to conduct transactions safely. Protecting Against Fraud
Consumer Rights and Responsibilities
Understand the role of government in protecting the consumer. Explain the purposes and features of consumer protection laws. Consumer Rights and Responsibilities
Identify federal and state entities that exist to protect consumers from forms of fraud and abuse. Consumer Rights and Responsibilities

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