See all 11th-12th Grades Standards
Life Scenarios

Life Scenarios

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

General Financial Literacy

STRAND 1: Students will understand basic economic concepts and develop economic thinking critical to making personal financial choices.

Standard 1: Understand how basic economic principles affect personal financial choices.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Life Scenarios
Apply economic reasoning skills to make informed personal financial decisions, including opportunity cost (trade‑offs) and their role in decision‑making.

STRAND 2: Students will understand the factors that influence personal financial priorities and learn how to make rational decisions.

Standard 2: Define a rational decision‑making process.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Life Scenarios
Recognize that individuals are responsible for their own financial decisions and for subsequent positive and negative consequences.

STRAND 3: Students will understand sources of income and the relationship between career preparation and lifetime earning power.

Standard 1: Identify sources of income and specific employability skills.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Life Scenarios
Compare income to the cost‑of‑living in various geographical areas and the impact it has on purchasing power.

STRAND 4: Students will evaluate saving methods and investment strategies.

Standard 4: Understand the role of risk management in asset protection.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Life Scenarios
Discuss the purposes of insurance/risk management.

STRAND 5: Students will understand principles of personal money management, including budgeting and managing accounts, and the role and impact of credit on personal finance.

Standard 1: Identify and explain the process of budgeting based on projected income and expenses.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Life Scenarios
Develop a budget that includes the following categories: spending/debt, savings, investing, charitable contributions (such as the 70‑20‑10 rule).

Standard 4: Understand the importance and complications of the three big expenses: housing, cars, and education.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Life Scenarios
Compare the pros and cons of buying or leasing a new or used vehicle, and identify the costs associated with each option.