Texas State

Personal Financial Literacy and Economics 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 Texas.

A list of the Texas Personal Financial Literacy and Economics 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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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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Texas Personal Financial Literacy and Economics Standards Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the Texas Personal Financial Literacy and Economics Standards Alignment.


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

Standard Activity
Fundamentals of Economics
Analyze how the concepts of scarcity, choice, and opportunity costs apply to decision-making.Lesson – Why is there Scarcity?
Lesson – What is Opportunity Cost?
Interpret a production-possibilities curve and apply the concepts of scarcity, choice, and opportunity costs.Lesson – Why is there Scarcity?
Lesson – What is Opportunity Cost?
Explain how the production-possibilities curve represents cost-benefit decision-making.Lesson – Marginal Benefit and Cost
Use the circular flow model to identify how households, firms, and governments interact in both resource markets and product markets.Lesson – The Business Cycle
Evaluate how prices and quantities are determined through supply and demand.Lesson – Supply and Demand Examples in the Stock Market
Interpret a supply-and-demand graph, including equilibrium point, surpluses, and shortages.Lesson – Supply and Demand Examples in the Stock Market
Analyze how non-price determinants of supply and demand affect equilibrium price and equilibrium quantity.Lesson – Supply and Demand Examples in the Stock Market
Explain how supply and demand exist in both resource and product markets.Lesson – Supply and Demand Examples in the Stock Market
Identify types of progressive and regressive taxes at the local, state, and national levels and explain the economic importance of each.Lesson – Taxation Overview
Examine and evaluate the reasons for federal income taxation, Social Security taxation, Medicaid taxation, and Medicare taxation, including earnings limitations as applicable.Lesson – Taxation Overview
Lesson – Tax Filing and the Form 1040
Lesson – Common Tax Deductions
Explain how all economic systems are mixed and exist on a spectrum between pure market and pure command systems.Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Explain the benefits of the U.S. free enterprise system, including private property and incentives.Lesson – Property Rights
Discuss the importance of full employment, price stability, and economic growth in achieving the macroeconomic goals of the United States.Lesson – Unemployment and other programs
Explain the impact of fiscal policies enacted by government decisions on interest rates, inflation, and unemployment.Lesson – Inflation
Lesson – Importance of Interest Rates
Lesson – Unemployment and other programs
Explain the impact of monetary policies enacted by the Federal Reserve System on interest rates, inflation, and unemployment.Lesson – Government impact on the economy
Lesson – Unemployment and other programs
Personal Financial Literacy – Investing in Education and Skills
Analyze the relationship between education and training and earnings throughout the student’s lifetime.Lesson – Career Development
Investigate and evaluate the costs and benefits of various postsecondary education and training institutions.Lesson – Student Loans
Describe the process for completing grant and scholarship applications, including the Free Application for Federal Student Aid (FAFSA®) provided by the U.S. Department of Education or the Texas Application for State Financial Aid (TASFA).Lesson – Student Loans
Lesson – Work VS Study
Analyze and compare various student grant and loan options, including private and federal loans.Lesson – Student Loans
Interpret data from a student aid report.Lesson – Student Loans
Research and align personal interests and skills with potential careers and postsecondary education to assure a life strategy that will produce employment the student enjoys with a desired standard of living.Lesson – Career Development
Personal Financial Literacy – Earning
Identify sources of income, including wages and salaries, profits, interest, rent, dividends, and capital gains.Budget Game – Core Concept
Lesson – Income and Compensation
Compare common employee benefits such as health insurance, sick leave, retirement plans, and other tax-favored health and dependent care plans.Lesson – Employer and Employee Rights and Responsibilities
Differentiate among and calculate gross, net, and taxable income.Lesson – Taxation Overview
Lesson – Tax Filing and the Form 1040
Identify factors such as educational attainment and market demand for careers that can influence the labor market and affect income.Lesson – Labor and Productivity
Personal Financial Literacy – Entrepreneurship
Describe the role of the entrepreneur in creating businesses.Lesson – What is Entrepreneurship?
Lesson – Types of Companies
Explain how an entrepreneur earns income, including through profits from the creation or ownership of businesses.Lesson – What is Entrepreneurship?
Compare total compensation, additional benefits, and obligations as a self-employed or independent contractor and as an employee.Lesson – Starting a Business
Lesson – What is Entrepreneurship?
Discuss the resources available for entrepreneurship and the federal, state, and local agencies available to assist with or provide grants for the creation of a small business.Lesson – Starting a Business
Lesson – What is Entrepreneurship?
Analyze the risks and rewards of entrepreneurship, including those associated with starting a new business, owning a small business, and purchasing a franchise.Lesson – Risk
Explain the characteristics of business organizations such as sole proprietorships, partnerships, and corporations.Lesson – Types of Companies
Lesson – Forms of Business Ownership
Personal Financial Literacy – Spending
Develop financial goals for the short, medium, and long term that are specific, measurable, attainable, realistic, and time based.Budget Game – Core Concept
Lesson – Planning Long-Term Purchases
Analyze the opportunity costs of spending and saving in recognizing short-, medium-, and long-term goals.Lesson – Planning Long-Term Purchases
Identify and prioritize types of purchases and charitable giving.Budget Game – Core Concept
Lesson – Charitable Giving
Evaluate various forms of financial exchange such as cash, checks, credit cards, debit cards, mobile payment applications, and electronic transfers.Lesson – What is Money?
Discuss the importance of tracking income and expenses to reconcile financial records.Lesson – Receipts – Keeping and Tossing
Lesson – Reconciling accounts
Lesson – What are Financial Records?
Evaluate the impact of unplanned spending.Budget Game – Core Concept
Analyze costs and benefits of owning versus renting housing.Activity – Use the Home Budgeting Calculator
Activity – Use the Buy vs Lease Calculator
Lesson – Mortgages
Analyze costs and benefits of owning versus leasing a vehicle.Activity – Use the Car Loans Calculator
Personal Financial Literacy – Credit and Debt
Compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans, and title loans.Budget Game – Core Concept
Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Identify the characteristics and dangers of predatory lending practices.Lesson – Short-Term Financing
Lesson – Good Debt, Bad Debt
Compare and contrast types of credit, including revolving and installment credit, and collateralized loans versus unsecured credit.Budget Game – Core Concept
Lesson – Using Credit
Lesson – Credit Cards
Lesson – Managing Debt
Discuss how character, capacity, and collateral can adversely or positively impact an individual’s credit rating and ability to obtain credit.Budget Game – Core Concept
Lesson – Credit Reports
Lesson – Using Credit
Explain how to access a credit report and score and interpret a sample credit report and score.Budget Game – Core Concept
Lesson – Credit Reports
Describe the importance of monitoring credit reports regularly and addressing errors.Lesson – Credit Reports
Discuss how personal factors such as medical expenses, job loss, divorce, or a failed business could lead to bankruptcy.Lesson – Bankruptcy
Determine and discuss if and when to use credit by considering the truth in lending disclosures.Budget Game – Core Concept
Lesson – Using Credit
Lesson – Good Debt, Bad Debt
Personal Financial Literacy – Saving and Investing
Determine the exponential growth benefits of starting early to invest with continuous contributions.Stock Game – Core Concept
Activity – Use the Investment Return Calculator
Determine the number of years it will take for savings to double in value by using the rule of 72.Activity – Use the Compound Interest Calculator
Lesson – Importance of Interest Rates
Evaluate the costs and benefits of various savings options such as bank savings accounts, certificates of deposit, and money market mutual funds.Stock Game – Core Concept
Evaluate risk and return of various investment options, including stocks, bonds, mutual funds, and exchangetraded funds (ETFs).Stock Game – Core Concept
Evaluate the relative benefits of pre-tax and post-tax investing.Budget Game – Core Concept
Develop a short-term saving strategy to achieve a goal such as establishing and maintaining an emergency fund.Budget Game – Core Concept
Lesson – Pay Yourself First
Develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle.Lesson – Planning Long-Term Purchases
Develop a long-term investing strategy to achieve a goal such as a financially secure retirement.Lesson – Preparing For Retirement
Personal Financial Literacy – Protecting and Insuring
Apply risk management strategies, including avoiding, reducing, retaining, and transferring risk.Lesson – Risk Lesson – Homeowner’s Insurance
Define insurance terminology, including premiums, deductibles, co-pays, and policy limits.Lesson – Health Insurance
Lesson – Life Insurance
Explain the costs and benefits of different types and sources of health insurance.Lesson – Health Insurance
Explain the costs and benefits of disability and long-term care insurance.Lesson – Life Insurance
Explain the costs and benefits of life insurance, including term insurance and whole life insurance.Lesson – Life Insurance
Explain the costs and benefits of property insurance, including homeowner’s and renter’s insurance.Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Rental Agreements and Homeowner’s Associations
Explain the costs and benefits of automobile insurance and factors that impact the price of insurance, including the type of vehicle, age and sex of driver, driving record, deductible, and geographic location.Lesson – Car Insurance
Identify ways to reduce risk of identity theft and protect personal informationLesson – Protecting Against Fraud
Describe and identify examples of common financial schemes and scams such as Ponzi schemes and pyramid, phishing, check cashing, and home renovation scams.Lesson – Protecting Against Fraud
Lesson – What makes a contract valid?
Explain how consumer protection agencies protect consumers against fraud.Lesson – Consumer rights and responsibilities
Explain the importance of estate planning, including guardianship of minor children, wills, beneficiary designation, power of attorney, living will, and medical directives.Lesson – Simple and Living Wills
Personal Financial Literacy – Skills
Use problem-solving and decision-making processes to identify a problem, gather information, list and consider options, consider advantages and disadvantages, choose and implement a solution, and evaluate the effectiveness of the solution.Lesson – Pay Yourself First
Lesson – Importance of Planning and Vision
Develop a budget that addresses short-, medium-, and long-term financial goals.Budget Game – Core Concept
Lesson – Pay Yourself First
Lesson – Planning Long-Term Purchases
Explain why earning income, spending, credit, debt, saving and investing, and protecting and insuring assets are important parts of a comprehensive financial plan and develop a plan that incorporates these components.Budget Game – Core Concept
Lesson – Budgeting and Spending Strategies
Lesson – Investing Strategies
Lesson – Building Wealth
Lesson – Preparing for Retirement

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