See all 10th-12th Grades Standards
Life Scenarios

Life Scenarios

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Here's how Life Scenarios aligns with curriculum standards in Arkansas. Use the filters to change the location, set of standards, and grade level.

Standard 1.0: Assess the role of money in personal finance.

Performance Indicator 1.4: Assess the role of budgeting in meeting financial goals.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Life Scenarios
1.4.3: Determine the purpose and need for a budget, identifying factors such as charitable giving, saving, food, clothing, transportation, personal expenses, insurance, household expenses, and recreation.
1.4.4: Explain the reasons for saving and discuss several methods of saving to reach financial goals.
1.4.5: Create and balance a budget, incorporating financial‑management strategies.

Standard 3.0: Demonstrate the ability to use credit as a financial tool.

Performance Indicator 3.1: Evaluate the use of credit in effective financial management.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Life Scenarios
3.1.3: Calculate the actual costs associated with credit.

Performance Indicator 3.2: Assess the impact of using credit cards to manage credit.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Life Scenarios
3.2.2: Investigate the advantages and disadvantages of using credit cards to manage finances.

Standard 4.0: Evaluate the use of insurance for risk management.

Performance Indicator 4.2: Investigate types of insurance available in the marketplace.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Life Scenarios
4.2.4: Assess the need for home‑owners and rental insurance.