Georgia State

State Standards

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 Georgia.

A list of the Georgia Financial Literacy Standards 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.

Course Outlines, Lesson Plans & Student Activities

Students will learn through playing the interactive online games, as well as completing the self-graded lessons that were designed to keep young learners engaged.

When you order PersonalFinanceLab™ for your class, you’ll also get access to course outlines, lesson plans, student activities and grading rubrics that tie everything together.

Check out our course outlines, we’ll walk you through every step of the way!

Get to Know PersonalFinanceLab™

We’re here to help engage your students to learn how to manage their money responsibly. Learn more about each of the main features and see how we can help transform your class.

Personal Budgeting Game

A monthly budget game with real-life scenarios and consequences.

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Stock Market Game

Build your students confidence in the financial markets as they learn how to invest their money wisely.

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Embedded Curriculum

Self-graded lessons aligned to National and Jump$tart Standards.

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We’re Here to Help!

Discover how the fully customizable platform can be tailored to fit the needs of your class by talking to a member of our team. Our curriculum specialists can guide you on how to integrate our lessons and games into your existing curriculum.

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Georgia Financial Literacy Standards Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the Georgia Social Studies Standards.


Long-Term Game
Comprehensive Chapter
Short Lesson
Interactive Calculator
Includes Automatically-Graded Assessment

Standard Activity
Fundamentals of Economic Decision-Making
Explain that scarcity is a basic, permanent condition that exists because unlimited wants exceed limited productive resources. Lesson – Why is there Scarcity?
Compare and contrast strategies for allocating scarce resources such as by price, majority rule, contests, force, sharing, lottery, authority, first-come-first-served, and personal characteristics.Lesson – What is Economics?
Define and give examples of productive resources (i.e. factors of production): natural resources (i.e. land), human resources (i.e. labor and human capital), physical capital and entrepreneurship.Lesson – Labor and Productivity
Lesson – International trade
Lesson – Comparative Advantage
Apply the concept of opportunity cost (the forgone next best alternative) to personal choices, as well as business and government decisions.Lesson – What is Opportunity Cost?
Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs.Lesson – Marginal Benefit and Cost
Explain that individuals, businesses, and governments respond to positive and negative incentives in predictable ways.Lesson – What are Incentives?
Analyze how command, market and mixed economic systems answer the three basic economic questions (what to produce, how to produce, and for whom to produce) to prioritize various social and economic goals such as freedom, security, equity, growth, efficiency, price stability, full employment, and sustainability.Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Compare the roles of government in different economic systems with regards to providing public goods and services, redistributing income, protecting property rights, resolving market failures, regulation and providing consumer protections.Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Explain how investments in human capital (e.g., education, job training, and healthcare) can lead to a higher standard of living.Lesson – What is Specialization?
Lesson – Labor and Productivity
Lesson – Comparative Advantage
Explain how investment in equipment and technology can lead to economic growth.Lesson – What is Economic Growth?
Lesson – Benefits of Competition
Lesson – Comparative Advantage
Explain how individuals, businesses, and governments benefit from specialization and voluntary, non-fraudulent trade.Lesson – Property Rights
Lesson – International Trade
Lesson – What is Specialization?
Illustrate economic growth using a production possibilities curve.Lesson – What is Economic Growth?
Personal Finance
Apply a rational decision-making model to evaluate the costs and benefits of post-high school life choices (i.e., college, technical school, military enlistment, workforce participation, or other option).Lesson – Work VS Study
Lesson – Starting a Business
Lesson – Planning Long Term Purchases
Lesson – How To Choose an Internship
Evaluate costs and benefits of various ways to pay for post-high school life including scholarships, the HOPE scholarship, employment, work-study programs, loans, grants, savings, prior investments, and other options.Lesson – Student Loans
Lesson – Work VS Study
Identify necessary documents needed to complete forms like the FAFSA or scholarship applications.Lesson – Student Loans
Lesson – Good Debt, Bad Debt
Apply a rational decision-making model to evaluate other major life choices like employment opportunities, renting a home vs. buying, selecting a mortgage, and buying a car.Activity – Use the Buy vs Lease Calculator
Activity – Use the Home Budgeting Calculator
Activity – Use the Car Loans Calculator
Lesson – Mortgages
Lesson – Good Debt, Bad Debt
Lesson – Buying a Car
Lesson – Planning Long Term Purchases
Describe how individual financial decisions can help create generational wealth.Lesson – What is Wealth?
Lesson – Pay Yourself First
Lesson – Preparing for Retirement
Lesson – Family Planning
Compare different types of income including hourly wages, salary, tips, independent contractor services (Form 1099), dividends, and capital gains.Lesson – Income and Compensation
Lesson – Building Wealth
Review and complete a sample federal individual income tax form 1040.Lesson – Tax Filing and the Form 1040
Describe the basic components of a paystub including gross pay, net pay, and common deductions (i.e. federal and state income tax, Federal Insurance Contributions Act (FICA which includes Social Security and Medicare), and elective deductions like 401K, insurance and tax-deferred savings).Budget Game – Core Component
Lesson – Income and Compensation
Analyze the basic components of a personal budget including income, expenses (fixed and variable), and the importance of short-term and long-term savings.Budget Game – Core Component
Lesson – Budgeting
Lesson – Spending and Savings Plans
Explain how to reconcile a checking account, either online or on paper, including how to account for transactions that have not been posted (i.e. checks, weekend debit card transactions, or monthly auto-pay transactions) and how this helps avoid overdraft fees.Lesson – Reconciling accounts
Lesson – Debit Cards
Lesson – What is Money?
Describe how to determine a person’s net worth.Budget Game – Core Component
Activity – Use the Net Worth Calculator
Explain the roles/functions of money as a medium of exchange, store of value, and unit of account/standard of value.Lesson – What is Money?
Compare services offered by different financial institutions, including banks, credit unions, payday lenders, and title pawn lenders.Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Short-Term Financing
Compare and contrast cash, debit cards, credit cards, prepaid cards and mobile payment apps in terms of how they work, acceptability, and the costs and benefits associated with each.Budget Game – Core Component
Lesson – Debit Cards
Lesson – Credit Cards
Lesson – What is Money?
Evaluate the risk and return of a variety of savings and investment options, including: savings accounts, certificates of deposit, retirement accounts (i.e. Roth IRA, 401K, 403b), stocks, bonds, 529 accounts, and mutual funds and explain the importance of diversification when investing.Lesson – Preparing for Retirement
Lesson – Investing Strategies
Lesson – What is a Stock?
Lesson – What is a Mutual Fund?
Lesson – What is an ETF?
Lesson – What are Bonds
Describe the role of speculative investments (i.e. cryptocurrency and historical examples like buying on margin in the 1920’s).Investing101 Certification
Lesson – Stock Market Crash of 1929
Compare interest rates on loans and credit cards from different institutions including banks, credit unions, pay-day loan facilities, and title-pawn companies.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Define annual percentage rate and describe how different interest rates can affect monthly payments on loans.Lesson – The Importance of Interest Rates
Use an online amortization tool to show how payments on a fixed loan like a mortgage are applied to interest and principal.Activity – Use the Compound Interest Calculator
Activity – Use the Home Budgeting Calculator
Explain the difference between simple and compound interest and the difference between fixed and variable interest.Activity – Use the Compound Interest Calculator
Lesson – Using Credit
Lesson – The Importance of Interest Rates
Define nominal and real returns and explain how inflation affects interest-earning savings and investment accounts.Lesson – The Importance of Interest Rates
Lesson – Inflation
Describe income, sales, property, capital gains, and estate taxes in the U.S.Lesson – Taxation Overview
Describe the difference between progressive, regressive, and proportional taxes.Lesson – Taxation Overview
Differentiate between and explain how to access one’s credit report and credit score.Lesson – Credit Reports
Describe the basic components of a credit score including payment history, debt to income ratio, amount owed, length of credit history, types of credit used, amount of available credit, and recent credit applications.Lesson – Credit Reports
Analyze and evaluate a sample loan application for credit worthiness and the ability to receive favorable interest rates.Lesson – Using Credit
Lesson – Short-Term Financing
Explain the difference between revolving credit and installment credit.Lesson – Managing Debt
Lesson – Consolidating Debt
Lesson – Debt Negotiation
Explain causes of personal bankruptcy and describe consequences of declaring bankruptcy.Lesson – Banktrupcy
Explain why people buy insurance.Lesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Lesson – Health Insurance
Describe various types of insurance such as automobile, health, life (whole and term), disability, renters, flood and property.Lesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Lesson – Health Insurance
Explain the costs and benefits associated with different types of insurance, including deductibles, premiums, coverage limits shared liability, and asset protectionLesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Lesson – Health Insurance
Define insurability and explain why insurance rates can vary.Lesson – Life Insurance
Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Lesson – Health Insurance
Identify skills that are required to be successful in the workplace, including positive work ethic, punctuality, time management, teamwork, and communication skills.Lesson – Career Development
Lesson – Work VS Study
Lesson – How To Choose an Internship
Describe the impact a person’s social media footprint can have on their career and finances.Lesson – Using Keywords In Your Resume
Lesson – Acing Job Interviews
Lesson – Biggest Mistakes of Job Seekers
Evaluate job and career options and explain the significance of investment in education, training, and skill development as it relates to future earnings.Lesson – Career Development
Lesson – Work VS Study
Lesson – How To Choose an Internship
Lesson – Student Loans
Describe how government agencies offer protection in banking, investments, borrowing, and buying goods and services.Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Credit Cards
Compare different methods for lodging consumer complaints (e.g., Better Business Bureau, online methods, and direct contact with business).Lesson – Consumer rights and responsibilities
Explain the primary purpose of important consumer legislation (i.e., the Truth in Lending Act, Fair Debt Collection Practices Act, Fair Credit Reporting Act, the Equal Housing Act, and the Dodd-Frank Act).Lesson – Credit Cards
Describe common ways identity theft happens including dumpster diving, skimming, phishing, stealing, and data breaches.Lesson – Protecting Against Fraud
Describe ways to protect yourself from identity theft including shredding important documents, not opening attachments to unknown emails, not revealing personal information over the phone or email, using secure networks, regularly monitoring your credit report, changing passwords on accounts, and carefully managing social media.Lesson – Protecting Against Fraud
Lesson – Financial Records and Receipts
Describe steps that should be taken if a person is the victim of identity theft including getting replacement credit cards, freezing credit histories, alerting appropriate officials, and changing passwords.Lesson – Protecting Against Fraud
Describe the basic characteristics of investment scams such as Ponzi schemes, pump and dumps, and “advance fee” scams and how to avoid them.Investing101 Certification
Define the law of supply and the law of demand.Lesson – Supply and Demand Examples in the Stock Market
Lesson – What is Supply?
Lesson – What is Demand?
Describe various determinants (shifters) of supply and demand and illustrate on a graph how they can change equilibrium price and quantity. Lesson – Supply and Demand Examples in the Stock Market
Lesson – What is Supply?
Lesson – What is Demand?
Explain and illustrate on a graph how prices set too high (e.g., price floors) create surpluses, and prices set too low (e.g., price ceilings) create shortages.Lesson – What are Price Controls?
Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation with regards to number of owners, liability, lifespan, decision-making, and taxation.Lesson – Types of Companies
Lesson – What is Entrepreneurship?
Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure (perfect) competition with regards to number of sellers, barriers to entry, price control, and product differentiation.Lesson – Benefits of Competition
Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Describe key economic outcomes and how they are measured including economic growth using Gross Domestic Product (GDP) and real GDP; price stability using the Consumer Price Index (CPI); and full employment using the unemployment rate. Lesson – Major Economic Indicators (GDP, CPI, Jobs)
Lesson – Gross Domestic Product
Explain the differences between seasonal, structural, cyclical, and frictional unemployment.Lesson – Unemployment
Describe the stages of the business cycle and its relation to economic measurement, including: peak, contraction, trough, recovery/expansion as well as recession.Lesson – The Business Cycle
Describe the organization of the Federal Reserve System (12 Districts, Federal Open Market Committee (FOMC), and Board of Governors).Lesson – What is the Federal Reserve?
Describe the Federal Reserve Bank’s roles in payment processing, bank supervision, and monetary policy including the dual mandate of price stability and full employment.Lesson – What is the Federal Reserve?
Lesson – Monetary Policy
Describe how the Federal Reserve uses various tools of monetary policy to target the federal funds rate and how this rate influences other interest rates in the economy.Lesson – What is the Federal Reserve?
Lesson – Monetary Policy
Explain the effect on the economy of the government’s taxing and spending decisions in promoting price stability, full employment, and economic growth.Lesson – Government impact on the economy
Lesson – Fiscal Policy Explained
Explain how government budget deficits or surpluses impact national debt.Lesson – Fiscal Policy Explained
Explain how nations benefit when they specialize in producing goods and services in which they have a comparative advantage. Lesson – What is Specialization?
Lesson – Labor and Productivity
Lesson – Comparative Advantage
Explain how trade barriers create costs and benefits to consumers and producers over time.Lesson – International Trade
Analyze Georgia’s role in the international economy (i.e. the ports of Savannah and Brunswick, the Northeast inland port, the presence of multinational corporations in the state, and the impact of trade on the state’s economy).N/A
Describe factors that cause changes in exchange rates.Stock Game – Core Component
Lesson – International Trade
Explain how appreciation and depreciation of currency affects net exports and benefits some groups and hurts others.Lesson – International Trade

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