See all 9th-12th Grades Standards
Life Scenarios

Life Scenarios

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

Financial Responsibility

1: Describe the nature and scope of personal finance, including how personal finance concepts fit into key life events or stages.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
b: Specify how monetary and non‑monetary assets can contribute to net worth.

Consumer Decisions and Behavior

9: Describe factors that impact consumer purchasing decisions throughout the lifespan.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
b: Explain how consumers can benefit from conducting a cost‑benefit analysis before making a financial decision.

11: Demonstrate how to use comparison shopping skills to make purchasing decisions, including major purchases.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
a: Compare the advantages and disadvantages of owning versus renting property or housing.
c: Calculate cost and finance charges for major purchases. Examples: vehicles, appliances, electronics, dwellings
d: Research the projected costs for all expenses associated with major purchases, including maintenance costs. Examples: wedding, college, home, car

12: Identify factors that affect the total cost of goods and services, including sales tax, tips, coupons, discounts, and unit pricing.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
a: Explain how sales and property taxes affect financial decisions. Examples: buying a car or house

Money Management

16: Prepare a monthly budget for an individual or a family given their income, savings goals, taxes, and list of fixed and variable expenses.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
c: Analyze how changes in life circumstances can affect a personal spending plan. Examples: job change, having a child, major illness, theft of property, automobile accident

Credit and Debt

19: Research and share information on credit options available to consumers. Examples: revolving, installment, open

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
a: Explain how credit card grace periods, methods of interest calculation, and fees affect borrowing costs.
c: Calculate the total cost of a loan.

Personal Insurance

27: Describe how insurance protects against loss and mitigates financial consequences.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Life Scenarios
a: Explain the various types of personal insurance and identify coverage needed at different stages of life. Examples: auto, rental, property, disability, life (whole and term), health
b: Research and report on ways coverage, deductibles, and premiums are related.
c: Analyze the costs and benefits of various types of insurance.