Iowa Standards Alignment - Personal Finance Lab

Iowa Financial Literacy Standards Alignment

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

Legend:

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

Standard	Activity
Develop Financial and Career Goals
Develop short- and long-term financial goals.	Budget Game – Core Component Lesson – Pay Yourself First Lesson – Budgeting Lesson – Budgeting and Spending Strategies Lesson – Preparing for Retirement Activity – Use the Saving to be a Millionaire Calculator
Evaluate entrepreneurship, career choices and the effect on the standard of living.	Lesson – Career Development Lesson – Income and Compensation Lesson – Work vs Study Lesson – What is entrepreneurship? Lesson – Starting a Business Lesson – How to Choose an Internship
Wealth building and college planning, including long-term and short-term investing using tax-favored plans, individual retirement accounts and payments from such accounts, employer-sponsored retirement plans and investments, public and private educational savings accounts, and uniform gifts and transfer to minors.	Lesson – Career Development Lesson – Income and Compensation Lesson – Preparing for Retirement Lesson – Building Wealth
Insurance, risk management, income, and career decisions, including career choices that fit personality styles and occupational goals, job search strategies, cover letters, resumes, interview techniques, payroll taxes and other income withholdings, and revenue sources for federal, state, and local governments.	Lesson – Risk Lesson – Life Insurance Lesson – Health Insurance Lesson – Car Insurance Lesson – Career Development Lesson – Using Keywords In Your Resume Lesson – Acing Job Interviews Lesson – Biggest Mistakes of Job Seekers Lesson – Payroll Best Practices Lesson – Taxation Overview Lesson – Common Tax Additions Lesson – Common Tax Deducations Lesson – Tax Filing and the Form 1040
Create a Saving and Spending Plan
Evaluate the effect of taxes and other factors on income.	Lesson – Taxation Overview Lesson – Common Tax Additions Lesson – Common Tax Deducations Lesson – Tax Filing and the Form 1040 Lesson – Sales Tax
Develop a saving and spending plan using a financial recordkeeping tool.	Budget Game – Core Component
Apply consumer skills to saving and spending decisions.	Lesson – Consumer rights and responsibilities Lesson – Preparing for spending shocks Lesson – Managing Bills Lesson – Researching Spending
Savings, including emergency fund, purchases, and wealth building.	Budget Game – Core Component Lesson – Spending and Savings Plans Lesson – Pay Yourself First Lesson – Building Wealth
Financial responsibility and money management, including creating and living on a written budget and balancing a check book; basic rules of successful negotiating and techniques; and personality or other traits regarding money.	Budget Game – Core Component Lesson – Reconciling Accounts Lesson – What is Money? Lesson – Budgeting Lesson – Personal Selling
Analyze Credit and Debt Levels
Analyze the cost and benefits of different types of credit and debt.	Lesson – Using Credit Lesson – Credit Cards Lesson – Good Debt, Bad Debt Lesson – Mortgages Lesson – Student Loans Lesson – Buying a Car Lesson – Importance of Interest Rates Activity – Use the Buy vs Lease Calculator
Credit and debt, including credit cards, payday lending, rent-to-own transactions, debt consolidation, automobile leasing, cosigning a loan, debt avoidance, and the marketing of debt, especially to young people.	Budget Game – Core Component Lesson – Credit Cards Lesson – Good Debt, Bad Debt Lesson – Managing Debt Lesson – Consolidating Debt Lesson – Debt Management Services Lesson – Short-Term Financing Activity – Use the Car Loans Calculator
Summarize a borrower’s rights and responsibilities.	Lesson – Using Credit Lesson – Credit Cards Lesson – Credit Reports Lesson – Bankruptcy
Investigate strategies to avoid and manage debt effectively.	Lesson – Good Debt, Bad Debt Lesson – Debit Cards Lesson – Short-Term Financing Lesson – Managing Bills Lesson – Preparing for Spending Shocks
Consumer awareness of the power of marketing on buying decisions including zero percent interest offers; marketing methods, including product positioning, advertising, brand recognition, and personal selling; how to read a credit report and correct inaccuracies; how to build a credit score; how to develop a plan to deal with creditors and avoid bankruptcy; and the federal Fair Debt Collection Practices Act.	Lesson – Consumer rights and responsibilities Lesson – Classifying Products and Services Lesson – Protecting Against Fraud Lessons – Ethics in Marketing Lesson – Pricing Strategies
Evaluate Savings and Long-Term Investments
Evaluate short-term savings tools.	Lesson – Budgeting Lesson – Building Wealth Lesson – Spending and Savings Plans Lesson – Pay Yourself First
Apply investment tools to meet financial goals.	Stock Game – Core Component Lesson – Investing Strategies Lesson – Why Invest in Stocks? Lesson – Building a Diversified Portfolio
Buying, selling, and renting advantages and disadvantages relating to real estate, including adjustable rate, balloon, conventional, government-backed, reverse, and seller-financed mortgages.	Lesson – Home Owner Insurance Lesson – Mortgages Lesson – Home Owner’s Insurance Activity – Use the Home Budgeting Calculator
Understanding investments, including compound and simple interest, liquidity, diversification, risk return ratio, certificates of deposit, money market accounts, single stocks, bonds, mutual funds, rental real estate, annuities, commodities, and futures.	Stock Game – Core Component Investing101 Certification Course Lesson – Investing Strategies Lesson – Building a Diversified Portfolio Lesson – What is a Stock? Lesson – What is an ETF? Lesson – What is a Mutual Fund? Lesson – What are Bonds? Activity – Use the Compound Interest Calculator
Measure Risk Management Tools
Justify reasons to use various forms of insurance.	Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance
Establish strategies for protection of personal identity and other forms of fraud.	Lesson – Protecting Against Fraud
Different types of insurance coverage including renters, homeowners, automobile , health, disability, long-term care, identity theft, and life insurance; term life, cash value and whole life insurance; and insurance terms such as deductible, stop loss, elimination period, replacement coverage, liability, and out-of-pocket.	Lesson – Renter’s Insurance Lesson – Home Owner’s Insurance Lesson – Car Insurance Lesson – Life Insurance Lesson – Health Insurance

Iowa
State Standards

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Personal Budgeting Game

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Iowa Financial Literacy Standards Alignment

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Course Outlines, Lesson Plans & Student Activities

Get to Know PersonalFinanceLab™

Personal Budgeting Game

Stock Market Game

Embedded Curriculum

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Iowa Financial Literacy Standards Alignment

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Iowa
State Standards