Life Scenarios

Life Scenarios

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

Financial Literacy Standards

9.2: Spending

12.1: A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.1.b: Develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses.
12.1.c: Explain methods for adjusting a budget for unexpected expenses or emergencies.

12.3: When purchasing a good that is expected to be used for a long time, consumers consider the product's durability, maintenance costs, and various product features.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.3.a: Explain the factors to evaluate when buying a durable good.

12.6: Housing decisions depend on individual preferences, circumstances, and costs, and can impact personal satisfaction and financial well-being.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.6.c: Define key rental contract terminology, including lease term, security deposit, grace period, and eviction.

12.7: People donate money, items, or time to charitable and nonprofit organizations because they value the services provided by the organization and/or gain satisfaction from giving.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.7.a: Discuss the motivations for and benefits of donating money, items, or time.

9.4: Managing Credit

12.6: Down payments reduce the amount needed to borrow.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.6.a: Identify examples of loans that may require down payments.

9.5: Managing Risk

12.1: People vary with respect to their willingness to accept risk and in how much they are willing to pay for insurance that will allow them to minimize future financial loss.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.1.a: Discuss whether a premium paid to insure against a crash that never happens is wasted.

12.7: Auto, homeowner's and renter's insurance reimburse policyholders for financial losses to their covered property and the costs of legal liability for their damages to other people or property.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Life Scenarios
12.7.a: Explain the primary types of losses covered by auto, homeowner's, and renter's insurance policies.
12.7.b: Describe situations where someone may be liable for injuries or damages to another person or their property.
12.7.c: Identify factors that influence the cost of renter's insurance and homeowners' insurance.