Alabama Financial Literacy Standards: Helpful Teacher Resource

Alabama Financial Literacy Standards Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the Alabama Standards for Financial Literacy.

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
Career Preparedness
Develop a plan for managing earning, spending, saving, and giving using spreadsheets, online resources, or commercial software.	Lesson – Proven Techniques to Stop Overspending Lesson – A Guide to Effective Charitable Donations Lesson – The Secret to a Comfortable Retirement Lesson – Find Your Best Car Loan Deal
Evaluate the effect of personal preferences, advertising, marketing, peer pressure on consumer choices and decision making.	Lesson – Analyzing Consumer Behavior Lesson – Ethics In Marketing Lesson – How Do You Stop Impulse Purchases?
Distinguish differences between the purpose of saving and the objectives associated with investing.	Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – What is Wealth? Lesson – The Secret to a Comfortable Retirement
Analyze various types of financial institutions.	Lesson – Choosing the Best Banking Option for You
Determine advantages and disadvantages of using credit.	Budget Game – Core Component Lesson – How Debit Cards Work Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More Lesson – How to Use Debt to Your Advantage
Examine why credit ratings and credit reports are important to consumers.	Lesson – What Your Credit Report Says About You
Determine the type of insurance associated with different types of risks	Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Car Insurance: How to Lower Your Rates Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive
Develop a plan for financial security in the event of disaster, including secure storage of financial records and personal documents, available cash reserve, household inventory list, and medical records retention.	Budget Game – Core Component Lesson – Tame Your Financial Paperwork Lesson – How to Prepare for Unexpected Expenses
Civics (7)	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Apply principles of money management to the preparation of a personal budget that addresses housing, transportation, food, clothing, medical expenses, insurance, checking and savings accounts, loans, investments, credit, and comparison shopping.	Budget Game – Core Component Lesson – Achieve Financial Goals with a Spending Plan Lesson – Proven Techniques to Stop Overspending Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Consumer Decisions and Behavior	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Compare factors that impact consumer purchasing decisions throughout the lifespan.	Lesson – The Cost of Raising a Family Lesson – Evaluating Big-Ticket Purchases Lesson – The Secret to a Comfortable Retirement Lesson – How Do You Stop Impulse Purchases?
Describe state and federal consumer protection laws for individuals and families	Lesson – Protect Yourself as a Consumer
Determine procedures for resolving consumer problems and complaints.	Lesson – Receipts: What to Keep and Why Lesson – Protect Yourself as a Consumer
Money Management	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Determine factors that affect money management, including career choice, education, skills, and economic conditions; Identifying opportunity costs of financial decisions	Lesson – Planning Your Career Path Lesson – What is Opportunity Cost? Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – A Strategy to Build Wealth, Not Debt
Explain how taxes, government transfer payments, and employee benefits relate to disposable income. Comparing net and gross income	Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe Lesson – The Ultimate Employee Guide Lesson – What’s in Your Compensation Package? Lesson – Government Impact on the Economy Lesson – What Is Monetary Policy?
Determine practices that allow individuals and families to maintain financial security.	Budget Game – Core Component Lesson – Break Free From Money Stress with a Budget Lesson – Proven Techniques to Stop Overspending Lesson – Achieve Financial Goals with a Spending Plan Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – The Cost of Raising a Family
Compare money-management tools and services available from financial institutions.	Lesson – Choosing the Best Banking Option for You Lesson – How Debit Cards Work Lesson – Credit Cards: Terms, Fees, and More
Demonstrate procedures for completing and filing income tax forms, including utilizing software for income tax preparation. Explaining terms used in personal tax forms	Lesson – Income Tax Filing Tips and Tricks Lesson – Tax Basics You Need to Know Lesson – Tax Credits & Deductions You Need to Know Lesson – Uncovering Hidden Income Taxes You Owe
Explain factors that affect creditworthiness.	Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – Credit Cards: Terms, Fees, and More Lesson – What Your Credit Report Says About You
Compare benefits of saving and investing for individuals or families, including factors that affect the rate of return on investments, sources of investment information, characteristics of savings	Stock Game – Core Concept Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – What is Wealth? Lesson – The Secret to a Comfortable Retirement Lesson – Evaluating Big-Ticket Purchases Activity – Get a Snapshot of Your Financial Health
Distinguish between retirement and estate planning options available to individuals and families.	Lesson – How to Prepare for Unexpected Expenses Lesson – Evaluating Big-Ticket Purchases Lesson – The Secret to a Comfortable Retirement Lesson – Life Insurance: The Ultimate Safety Net Lesson – Mortgage Options for First-Time Homebuyers
Compare types, lengths, and costs of care, life, health, disability, homeowner, and renter insurance, including disability, waiting period, and disability benefits.	Lesson – Car Insurance: How to Lower Your Rates Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Rules for Renters & Homeowners
Consumer Spending	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Critique the impact of advertising and sales propaganda on individual and family spending decisions.	Lesson – How Do You Stop Impulse Purchases? Lesson – Protect Yourself as a Consumer Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Achieve Financial Goals with a Spending Plan
Analyze shopping skills in relation to individual and family resource management across the life span	Lesson – The Cost of Raising a Family Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Achieve Financial Goals with a Spending Plan
Determine strategies for acquiring the most economical product or service.	Budget Game – Core Concept Lesson – How Do You Stop Impulse Purchases?
Determine factors that affect the cost of goods and services, including tax, tips, coupons, discounts, and price.	Budget Game – Core Concept Lesson – The Art of Juggling Many Bills in a Pinch Lesson – Sales Tax: Who Pays, Collects, and Why?
Prioritize steps involved in making consumer purchases, including transportation and housing.	Budget Game – Core Concept Lesson – How Do You Stop Impulse Purchases? Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth
Technology and Careers	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain career options and entrepreneurial opportunities related to the management of personal financial resources.	Lesson – Starting a Business 101 101 Lesson – Tame Your Financial Paperwork Lesson – How to Read an Income Statement Lesson – The Cash Flow Statement Explained