Wisconsin 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 Wisconsin.

A list of the Wisconsin’s Model Academic Standards for Personal 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
StandardActivity
RELATING INCOME AND EDUCATION
Relate how career choices, education choices, skills, entrepreneurship, and economic conditions affect income.Lesson – Career Development
Lesson – Work or Study
Lesson – Starting a Business
Lesson – The Business Cycle
Lesson – The Importance of Interest Rates
Describe the unique characteristics of both a job and a career.Lesson – Career Development
Identify and understand factors affecting income.Lesson – Income and Compensation
Understand how employee benefits relate to income.Lesson – Income and Compensation
Lesson – Employer and Employee Rights and Responsibilities
Examine how income affects choices and spending decisions.Budget Game – Core Component
Lesson – Spending and Savings Plans
Investigate how individual skills and abilities can be applied to a career choice.Lesson – Career Development
Discuss concepts associated with taxes and income.Budget Game – Core Component
Lesson – Taxation Overview
Lesson – Tax Filing and the Form 1040
Identify the origin and purposes of the payroll deduction process.Lesson – Payroll Best Practices
Identify taxable income and employee benefits.Lesson – Income and Compensation
Lesson – Employer and Employee Rights and Responsibilities
Research government policies and programs that are available to employees.Lesson – Unemployment and other programs
MONEY MANAGEMENT
Formulate and compare money management choices that enable individuals to progress toward stated financial goals.Budget Game – Core Component
Prepare a budget for various applications (personal, family, business).Lesson – Budgeting Lesson – Budgeting and Spending Strategies
Lesson – Cash Planning
Lesson – Short Term and Long Term Financing
Analyze and select appropriate financial institutions to assist with meeting various personal financial needs and goals.Lesson – Budgeting
Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Building Wealth
Lesson – Preparing for Retirement
Describe various financial products or services (ATM, debit cards, credit cards, checkbooks, etc.) and the most appropriate use of each. Lesson – What is Money?
Lesson – Debit Cards
Lesson – Credit Cards
Lesson – Short-Term Financing
Develop a plan to secure funding for a future event.Lesson – Planning for Long-Term Purchases
Analyze and discuss the long-range impact of setting personal financial goals.Lesson – Planning for Long-Term Purchases
Lesson – Preparing for Retirement
Lesson – Family Planning
Lesson – Career Planning
Compare and contrast the influence of culture, traditions, location, and experience on personal financial goals.Lesson – Budgeting
Lesson – Analyzing Consumer Behavior
Lesson – Segmentation and Target Markets
Explain the history of existing forms of taxation at the federal, state, and local levels.Lesson – Taxation Overview
Identify reasons to comply with personal tax obligations and the consequences of not doing so.Lesson – Tax Audits
Lesson – When to hire a tax professional
Lesson – Tax Filing and the Form 1040
Describe the advantages and disadvantages of various sources of assistance with tax planning and filing.Lesson – Tax Audits
Lesson – When to hire a tax professional
Lesson – Tax Filing and the Form 1041
CREDIT AND DEBT MANAGEMENT
Compare the benefits and costs of spending decisions.Budget Game – Core Component
Lesson – Pay Yourself First
Lesson – Spending and Savings Plans
Analyze information about products and services.Lesson – Researching Spending
Contrast a rapid access loan and a bank loan.Lesson – Shirt-Term Financing
Lesson – Good Debt, Bad Debt
Distinguish the financial benefits and services of different types of lending institutions.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Lesson – Budgeting and Spending Strategies
Explain strategies of debt and credit management.Lesson – Managing Debt
Lesson – Good Debt, Bad Debt
Explain credit terminology.Lesson – Using Credit
Lesson – Credit Cards
Analyze sources of consumer credit.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Explain options for payment on credit cards. Lesson – Credit Cards
Lesson – Automatic Payments
Differentiate between a credit card, charge card, and debit card.Budget Game – Core Component
Lesson – Debit Card
Lesson – Credit Card
Demonstrate balance sheet concepts: debit and credit.Lesson – Reconciling Accounts
Lesson – What is a Balance Sheet?
Lesson – What are Financial Records?
Compare advantages and disadvantages of various debt payment methods.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Define terminology associated with mortgages.Lesson – Mortgages
Activity – Use the Buy vs Lease Calculator
Explain the factors affecting a “credit score.Lesson – Credit Reports
Identify factors that affect creditworthiness and the purposes of credit records.Lesson – Credit Reports
Identify ways to avoid or correct credit problems.Lesson – Credit Reports
Compare and compute application of interest, compound interest, and amortization.Lesson – The Importance of Interest Rates
Activity – Use the Compound Interest Calculator
Compute the amount of interest paid over time when using credit.Activity – Use the Credit Card Payments Calculator
Calculate the cost of borrowing for various amounts and types of purchases.Activity – Use the Buy vs Lease Calculator
Activity – Use the Home Budgeting Calculator
Activity – Use the Car Loans Calculator
Explain the rights and responsibilities of buyers and sellers under consumer protection laws.Lesson – Consumer rights and responsibilities
Distinguish between the rights and responsibilities of buyers and sellers under consumer protection laws.Lesson – Consumer rights and responsibilities
List the purposes of debt.Lesson – Using Credit
Lesson – Credit Cards
Lesson – Good Debt, Bad Debt
Examine ways to leverage debt beneficially.Lesson – Good Debt, Bad Debt
Lesson – Buying a Car
Lesson – Mortgages
Identify different types of bankruptcy.Lesson – Bankruptcy
Examine ways to avoid bankruptcy.Lesson – Managing Debt
Lesson – Debt Management Services
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Outline the implication(s) of bankruptcy.Lesson – Bankruptcy
Illustrate products and practices such as instant tax refunds and payday lending.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Lesson – Taxation Overview
Describe predatory lending practices.Lesson – Short-Term Financing
PLANNING, SAVING, AND INVESTING
Understand the concept of “time value” of money.Lesson – Time Value of Money
Apply the principle of “pay me first” to realistic scenarios.Budget Game – Core Component
Lesson – Pay Yourself First
Define the difference between income and wealth.Lesson – What is Money?
Lesson – What is Wealth?
Lesson – Income and Compensation
Apply the concept of “opportunity cost” to personal financial decisions.Lesson – Opportunity Cost
Lesson – Pay Yourself First
Lesson – What is Wealth?
Differentiate between various savings vehicles and their most effective utilization.Lesson – Budgeting
Lesson – Preparing for Retirement
Lesson – Building a Diversified Portfolio
Understand various investment options.Stock Game – Core Component
Investing101 Certification
Lesson – Building a Diversified Portfolio
Lesson – What is a Stock?
Lesson – What are Bonds?
Lesson – What is an ETF?
Lesson – What is a Mutual Fund?
Differentiate between income and investment growth.Lesson – Income and Compensation
Lesson – What is Wealth?
Lesson – Preparing for Retirement
Lesson – Building Wealth
Describe reasons for saving, reasons for investing, and entrepreneurship.Lesson – Starting a Business
Lesson – Planning Long-Term Purchases
Lesson – Preparing for Spending Shocks
Lesson – Pay Yourself First
Lesson – Preparing for Retirement
Describe differences between banks, investment firms, and financial planners.Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Debt Management Services
Lesson – When to hire a tax professional
Calculate short- and long-term returns of stocks and bonds.Stock Game – Core Component
Investing101 Certification
Activity – Use the Investment Return Calculator
Lesson – Why invest in Stocks?
Lesson – What are Bonds?
Explain the economic principle of supply and demand.Lesson – Supply and Demand Examples in the Stock Market
Compare budget to realized financial activities.Budget Game – Core Component
BECOMING A CRITICAL CONSUMER
Examine individual differences in decisions made as a consumer.Budget Game – Core Component
Compare and contrast advertising for opinion vs. fact.Lesson – Foundations of Marketing
Lesson – Planning and Evaluating Business Advertising
Lesson – Ethics In Marketing
Compare, contrast, and compute interest rates and fees of various financial institutions.Activity – Use the Credit Card Payments Calculator
Lesson – The Importance of Interest Rates
Identify the components of completed written and verbal contracts.Lesson – What makes a contract valid?
Explain why contracts are used.Lesson – What makes a contract valid?
Analyze the elements and laws associated with fraud.Lesson – Protecting Against Fraud
Identify resources that can be used in making consumer decisions.Lesson – Researching Spending
Explain the forms and functions of money.Lesson – What is Money?
Compare the value of goods or services from different sellers.Lesson – Researching Spending
Demonstrate aspects of being a responsible consumer.Lesson – Consumer rights and responsibilities
COMMUNITY AND FINANCIAL RESPONSIBILITY
Classify individual, social, and cultural differences in understanding and use of money and other financial resources.Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Lesson – International Trade
Lesson – Analyzing Consumer Behavior
Lesson – Segmentation and Target Markets
Analyze attitudes, assumptions, and patterns of behavior regarding money, saving, investing, and work.Lesson – Pay Yourself First
Differentiate legal and ethical bases for making personal and societal financial decisions.Lesson – Business Ethics Overview
Lesson – Ethics In Marketing
Lesson – Government impact on the economy
Lesson – Property Rights
Lesson – Protecting Against Fraud
Contrast cost-benefit and opportunity-cost.Lesson – Opportunity Cost
Lesson – Pay Yourself First
Lesson – What is Wealth?
Compare informed and responsible actions in addressing significant personal financial literacy questions/issues.Budget Game – Core Component
Demonstrate the concept and forms of taxation and its role in public activities/initiatives.Lesson – Taxation Overview
Illustrate how the economic system of production and consumption may be a means to achieve other significant societal goals.Lesson – Labor and Productivity
Examine the implications of legal and ethical behavior when making personal financial decisions.Lesson – Consumer rights and responsibilities
Lesson – Protecting Against Fraud
Lesson – Risk
Speculate about the impact of global economic events on personal financial planning.Lesson – The Business Cycle
Lesson – Stock Market Crash of 1929
Lesson – Inflation
Demonstrate the consequences of consumer citizen decisions and actions on the economy, broader society, and the environment.Lesson – Analyzing Consumer Behavior
Lesson – The Business Cycle
Lesson – Stock Market Crash of 1929
Lesson – What is Economics?
Compare and contrast the importance and impact of business, government, and consumer fiscal responsibility.Lesson – Fiscal Policy Explained
Connect the role of philanthropy, volunteer service, and charities to community development and quality of life.Lesson – Chartible Giving
RISK MANAGEMENT
Predict the impact of loss associated with different types of financial risk.Lesson – Risk Lesson – Opportunity Cost
Lesson – Investing Strategies
Investing101 Certification
Explain how to reduce financial risk to self, family, and community.Lesson – Building a Diversified Portfolio
Lesson – Health Insurance
Lesson – Life Insurance
Identify ways to manage the possibility of financial loss.Lesson – Preparing for Spending Shocks
Describe the need for and value of different types of insurance.Lesson – Health Insurance
Lesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Identify factors to consider when determining the amount of protection needed.Lesson – Health Insurance
Lesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Identify strategies to lower insurance costs.Lesson – Health Insurance
Lesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Apply opportunity-cost analysis to selected financial situations.Lesson – Opportunity Cost
Lesson – Pay Yourself First
Lesson – What is Wealth?
Explain why it is important to develop plans for protecting current and future personal assets against financial loss.Lesson – What is Wealth?
Lesson – Building Wealth
Lesson – Home Owner’s Insurance
Lesson – Planning for Retirement

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