Students will gain a comprehensive understanding of savings vocabulary and products, the PYF concept, and the importance of preserving principles in the face of inflation.
Students make sense of dollars and cents when they study the importance of saving and budgeting in this lesson.
Students will be able to understand the processes, rights, and responsibilities of renting, leasing, and purchasing a home. Identify key qualification factors for homeownership, including debt-to-income and loan-to-value ratios, and comprehend the roles of professionals in the home-buying process.
Students will comprehend saving and investing, understand the concept of risk versus reward, and gain knowledge about various investment types and vocabulary.
Students will demonstrate the ability to explain five potential ways to pay for school, including detailing the four outcomes of the FAFSA and the 529 Plan.
In small groups, students role play financial institutions and consumers in order to learn the importance of FDIC and NCUA Insurance.
Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.
Students will learn about SMART financial goals and then complete a worksheet where they will set personal financial goals, both long and short term.
This activity helps students experience the responsibility of finding a financial institution that fits their needs.
Students will learn how to spot scam, find examples of online scams and learn how to recognize and protect themselves from questionable behavior.
Students will learn about the four components of GDP and then explore how inflation impacts purchasing power over time. While playing an in-class game, students move around the classroom to guess how inflation has impacted a particular scenario.
Students learn the difference between short-term and long-term savings goals and apply their knowledge in an exercise-oriented game.
Students learn credit terminology and analyze an actual loan application from a family member.
Students will be able to explain some ways our brains trick us into making (or not making) purchase decisions.
In this mini-unit, students learn basic vocabulary about insurance and then play an online game called “That’s a Bummer” to practice knowledge learned. Additional activities in this lesson include an insurance edpuzzle, video resources, reflection questions, and an insurance math worksheet.
This unit is intended to help students understand the importance of avoiding, reducing, and transfering risk. Insurance is the best way to manage risk. (Correlates with NEFE).
Students will be introduced to the concept of supply and demand. Next, students will play the game “In the Chips” to show how Supply and Demand works and how the market finds its equilibrium. The lesson will conclude with reflection and class discussion
Students will play the interactive game called Stax and see if they can beat the market in a 20-year period. Reflection questions will be answered after gameplay.
Credit can be a double-edged sword. It offers us the ability to purchase things we might need and want without spending cash but then ties us to the debt that has been created. Understanding the importance of this trade-off is crucial for playing the credit game. A program designed to reach young earners well before serious credit problems can begin.
Students will comprehend essential credit concepts, emphasizing the purpose and role of credit, the significance of maintaining a healthy credit rating, and key terms including APR, grace period, late fees, finance charges, default rates, interest, and closing costs.