Washington Standards Alignment

We compared our curriculum and the core financial literacy concepts that are covered in our Budget and Stock Games to the financial standards for the state of Washington.

A list of the Washington State Financial Education Standards Chart 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
Spending and Saving
Specify how monetary and non-monetary assets can contribute to net worth.Activity – Use the Net Worth Calculator
Lesson – What is Wealth?
Lesson – Building Wealth
Investigate changes in personal spending behavior that contribute to wealth building.Lesson – Budgeting
Lesson – Building Wealth
Lesson – Pay Yourself First
Differentiate between an expense that is tax deductible and one that is not.Lesson – Common Tax Deductions
Lesson – Common Tax Additions
Lesson – Taxation Overview
Devise a system to retain evidence of tax deductible expenditures.Lesson – What are Financial Records?
Lesson – Reconciling accounts
Lesson – Receipts – Keeping and Tossing
Investigate the records required to claim possible tax deductions or credits.Lesson – Common Tax Deductions
Lesson – Common Tax Additions
Lesson – Taxation Overview
Compare the features and costs of online and mobile bill payment services offered by different institutions.Lesson – Automatic Payments
Compare the costs of cashing a check with various third parties, such as banks and credit unions, check-cashing services, and retail outlets.Lesson – Debit Cards
Lesson – Banks, Credit Unions, and Savings and Loans
Demonstrate how to schedule and manage bill payments.Lesson – Automatic Payments
Write a checkLesson – What is Money?
Reconcile the balance of a checking account and verify the balance of a debit account.Lesson – What is Money?
Lesson – Debit Cards
Explain how to verify printed and online account statements for accuracy.Budget Game – Core Component
Demonstrate how to use comparison shopping skills to buy or finance a major purchase.Lesson – Researching Shopping
Compare the advantages and disadvantages of owning a house versus renting a house.Activity – Use the Buy vs Lease Calculator
Evaluate specific charities based on purpose, management, outcomes or results, and reputation.Lesson – Charitable Giving
Credit and Debt
Explain how credit card grace periods, methods of interest calculation (e.g., annual percentage rate) and fees affect borrowing costs.Lesson – Using Credit
Lesson – Credit Cards
Categorize the types of information needed when applying for credit.Lesson – Using Credit
Lesson – Credit Cards
Lesson – Credit Reports
Decide the most cost-effective loan option for paying for a car.Activity – Use the Car Loans Calculator
Lesson – Buying a car
Compare alternatives to loans as a means of paying for postsecondary education.Lesson – Work or Study
Lesson – Student Loans
Predict the potential consequences of deferred payment of student loans.Lesson – Student Loans
Differentiate between adjustable- and fixed-rate mortgages.Lesson – Mortgages
Explain the effect of debt on a person’s net worth.Budget Game – Core Component
Activity – Use the Net Worth Calculator
Lesson – Building Wealth
Lesson – What is Wealth?
Summarize online information about the Fair Credit Reporting Act.Lesson – Managing Debt
Explain the usefulness of credit reports to borrowers and to lenders.Lesson – Credit Reports
Give examples of permissible uses of a credit report other than granting credit.Lesson – Credit Reports
Identify the primary organizations that maintain and provide consumer credit records.Lesson – Credit Reports
Categorize the information in a credit report and how long it is retained.Lesson – Credit Reports
Investigate ways that a negative credit report can affect a consumer’s options.Lesson – Credit Reports
Outline the process of disputing inaccurate credit report data.Lesson – Credit Reports
Summarize factors that affect a particular credit scoring system.Lesson – Credit Reports
Lesson – Credit Cards
Predict how a credit score affects creditworthiness and the cost of credit.Lesson – Credit Reports
Lesson – Credit Cards
Develop a personal financial plan to manage debt, including working directly with lenders.Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Lesson – Debt Management Services
Examine or research the types of services that financial institutions or consumer credit counseling agencies offer for debt restructuring.Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Lesson – Debt Management Services
Investigate the purpose of bankruptcy and its possible negative effects on assets, employability, and credit cost and availability.Lesson – Bankruptcy
Investigate how student loan obligations differ from other kinds of debt.Lesson – Bankruptcy
Lesson – Student Loans
Summarize online information about the Equal Credit Opportunity Act.Lesson – Credit Cards
Research online information about consumer credit rights available from the Federal Trade CommissionLesson – Credit Cards
Give examples of how the Consumer Financial Protection Bureau protects borrowers and provides information about credit issues.Lesson – Credit Reports
Describe debtors’ and creditors’ rights related to wage garnishment and repossession when an overdue debt is not paid.Lesson – Managing Debt
Give examples of legal, illegal, and fraudulent debt collection practices covered by the Fair Debt Collection Practices Act.Lesson – Managing Debt
Employment and Income
Revise a career plan that aligns with personal interests, financial goals, and desired lifestyle.Lesson – Career Development
Develop a résumé and cover letter for a specific job of interestLesson – Using Keywords In Your Resume
Analyze employee benefits and explain why they are forms of compensation.Lesson – Employer and Employee Rights and Responsibilities
Lesson – Income and Compensation
Differentiate between required employer contributions and additional benefits that an employer might offerLesson – Employer and Employee Rights and Responsibilities
Analyze the monetary and non-monetary value of employee benefits in addition to wages and salaries.Lesson – Employer and Employee Rights and Responsibilities
Calculate the future income needed to maintain a current standard of living.Activity – Use the Saving to be a Millionaire Calculator
Activity – Use the Compound Interest Calculator
Activity – Use the Net Worth Calculator
Identify typical sources of income in retirement.Lesson – Preparing For Retirement
Revise IRS form W-4 (Employee’s Withholding Allowance Certificate) to determine the optimal amount to withhold for personal income tax.Lesson – Tax Filing and the Form 1040
Analyze circumstances that would call for the adjustment of the income tax withholding allowance.Lesson – Common Tax Additions
Lesson – Common Tax Deductions
Examine the benefits of participating in employer-sponsored retirement savings plans and health care savings plans.Lesson – Preparing For Retirement
Lesson – Income and Compensation
Investing
Compare strategies for investing as part of a comprehensive financial plan.Investing101 Certification
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Budgeting
Lesson – Pay Yourself First
Describe the importance of various sources of income in retirement, including Social Security, employer-sponsored retirement savings plans, and personal investments.Lesson – Preparing For Retirement
Lesson – Income and Compensation
Differentiate between diversification and asset allocation.Lesson – Buidling a Diversified Portfolio
Compare fees for buying, owning, and selling stocks, bonds, and mutual funds.Stock Game – Core Component
Investigate reasons to use retirement savings plans and health savings accounts.Lesson – Life Insurance
Lesson – Preparing for Retirement
Compare the advantages of taxable, taxdeferred, and tax-advantaged investments for new savers, including Roth IRAs (individual retirement accounts) and employer-sponsored savings plans.Lesson – Life Insurance
Lesson – Preparing for Retirement
Give examples of how economic conditions and business factors affect the market value of a stock.Stock Game – Core Component
Investing101 Certification
Lesson – Understanding Price Movements
Lesson – The Business Cycle
Use various sources of information, including prospectuses, online resources, and financial publications to gather data about specific investments.Stock Game – Core Component
Investing101 Certification
Lesson – Investing Research
Devise evaluation strategies, including risk tolerance, for selecting investments that meet the objectives of a personal financial plan.Investing101 Certification
Lesson – Investing Strategies
Lesson – Building a Diversified Portfolio
Lesson – Risk
Activity – Use the Investment Return Calculator
Analyze the advantages and disadvantages of buying and selling investments through various channels including employer-sponsored retirement plans, investment advisors, brokerage firms, and direct purchaseStock Game – Core Component
Lesson – What is a Brokerage?
Lesson – How to Choose and Compare Stocks
Lesson – Investing Strategies
Lesson – Building a Diversified portfolio
Lesson – Income and Compensation
Identify warning signs of investment fraud.Investing101 Certification
Lesson – Protecting Against Fraud
Identify steps and resources a consumer can take to prevent investment fraud.Lesson – Protecting Against Fraud
Identify the roles of the Securities and Exchange Commission, Washington Department of Financial Institutions, and Consumer Financial Protection Bureau in addressing investment fraud.Lesson – Audits and Fraud
Risk Management & Insurance
Research insurance for the types of risks that young adults might face after graduation.Lesson – Renter’s Insurance
Lesson – Car Insurance
Lesson – Health Insurance
Investigate consequences of insurance fraud.Lesson – Life insurance
Calculate payment expected on an auto insurance claim after applying exclusions and deductibles.Lesson – Car Insurance
Identify the factors that influence the cost of homeowners’ insurance.Lesson – Home Owner’s Insurance
Lesson – Rental Agreements and Homeowner’s Associations
Analyze the factors that influence the cost of renters’ insurance.Lesson – Renter’s Insurance
Analyze the conditions under which it is appropriate for young adults to have health, disability, or life insurance.Lesson – Health Insurance
Lesson – Life Insurance
Investigate health, dental, and vision insurance coverage optionsLesson – Health Insurance
Identify government programs that provide financial assistance for income loss due to illness, disability, or premature death.Lesson – Life Insurance
Lesson – Unemployment and other programs
Compare sources of health and disability insurance coverage, including employee benefit plans.Lesson – Income and Compensation
Lesson – Employer and Employee Rights and Responsibilities
Lesson – Health Insurance
Explain the purpose of long-term care insurance.Lesson – Health Insurance
Financial Decision-Making
Consider how personal financial decisions might affect society.Lesson – Bankruptcy
Lesson – Work or Study
Lesson – Family Planning
Lesson – Charitable Giving
Lesson – The Business Cycle
Revise your definition of wealth based on personal values, priorities, and goals.Lesson – What is Wealth?
Lesson – Building Wealth
Lesson – Career Development
Activity – Use the Net Worth Calculator
Explain why an individual or household may want to consult with an attorney, financial planner, or tax advisor for financial advice or representation.Lesson – When to hire a tax professional
Research where to find credible sources of up-to-date information about consumer rights and responsibilities.Lesson – Consumer rights and responsibilities
Investigate sources of assistance in resolving consumer disputes.Lesson – Consumer rights and responsibilities
Predict how inflation will affect the outcomes of financial decisions, as well as the price of goods and services.Lesson – Inflation
Lesson – The Business Cycle
Analyze how sales and property taxes affect financial decisions, such as buying a car or a house.Lesson – Mortgages
Lesson – Sales Tax
Lesson – Taxation Overview
Develop a backup plan for a specific financial goal when circumstances change (e.g., job loss, illness, major gift, or inheritance).Lesson – Preparing for Spending Shocks
Lesson – Pay Yourself First
Lesson – Spending and Savings Plans
Analyze expenses and risks of alternative financing options (e.g., payday loans and credit card cash advances).Lesson – Short Term Financing
Develop a contingency plan to handle events (e.g., car breakdown or a phone loss) that might affect personal finances on short notice.Lesson – Preparing for Spending Shocks
Lesson – Pay Yourself First
Lesson – Spending and Savings Plans
Assess the importance of sharing financial goals and personal financial information with a partner before combining households.Lesson – Family Planning
Demonstrate how to negotiate the sales price of a major purchase, such as a car or a motorcycle.Lesson – Mortgages
Lesson – Buying a Car
Activity – Use the Buy vs Lease Calculator
Activity – Use the Home Budgeting Calculator
Summarize the factors that make a contract legal and binding.Lesson – What makes a contract valid?
Compare the terms of a credit card or other loan agreement.Lesson – Credit Cards
Lesson – Short-Term Financing
Lesson – Managing Credit
Summarize the terms of a homeowners’ or renters’ insurance policy.Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Rental Agreements and Homeowner’s Associations
Summarize the terms of a health insurance plan.Lesson – Health Insurance
Summarize local and state tenant and landlord rights and responsibilities that are covered in the terms of a standard rental lease agreement.Lesson – What makes a contract valid?
Lesson – Rental Insurance
Research the use of small claims court for the redress of a consumer dispute.Lesson – Consumer rights and responsibilities
Outline steps to resolve identity theft problems as recommended by the Federal Trade Commission and relevant financial institutions.Lesson – Protecting Against Fraud
Apply identity theft prevention strategies.Lesson – Protecting Against Fraud
List entities that have a right to request certain personal financial data.Lesson – Credit Reports
Lesson – Credit Cards
Lesson – Banks, Credit Unions, and Savings and Loans
Investigate consumer safeguards for mobile and online banking.Lesson – Protecting Against Fraud
Develop a personal financial plan or budget, including goals, spending and saving plan, investing plan, insurance plan, a net worth statement, and an estate plan.Lesson – Spending and Savings Plans
Lesson – Budgeting and Spending Strategies
Lesson – Building a Diversified Portfolio
Lesson – Preparing for Retirement
Lesson – Family Planning
Lesson – Planning Long Term Purchases
Devise a strategy to monitor the personal financial plan or budget and make modifications as needed for changing circumstances.Lesson – Preparing for spending shocks
Lesson – Budgeting
Lesson – Budgeting and Spending Strategies
List the main components of a simple will.Lesson – Simple and Living Wills
Identify how money and property will be distributed in one’s state of residence when a person dies without a valid will.Lesson – Simple and Living Wills
Explain the purpose of a durable power of attorney for health care (living will).Lesson – Life Insurance
Lesson – Simple and Living Wills

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