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 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
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.
The purpose of this task is for students to solve problems involving decimals in a context involving a concept that supports financial literacy, namely inflation.
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.
This is a great resource to use with Financial Literacy students. It is a brief overview of Investing to help you get started on your unit in Investing.
https://np1.nearpod.com/sharePresentation.php?code=f760f7d935dc8dfaed1c1185d7955870-1&oc=user-created&utm_source=link
Students will play an online game called “SPENT” and experience what it’s like to live paycheck to paycheck. Game play will be followed with reflection questions and class discussion.
In this lesson, students will learn about retirement plan options such as 401K plans, Roth IRA's and pensions.
The purpose of this task is to give students an opportunity to explore various aspects of exponential models (e.g., distinguishing between constant absolute growth and constant relative growth, solving equations using logarithms, applying compound interest formulas) in the context of a real world problem with ties to developing financial literacy skills.
This slideshow is to help you teach Financial Literacy Strand 1 Standard 3: Setting Goals. Through this lesson, students will learn SMART Goals through examples and finally practice writting their own. Picture from Pixaby
Students will be able to explore credit-related concepts and tools, delving into key terms including credit, credit cards, installment loans, revolving credit, student loans, mortgage, payday loans, predatory lenders, and simple interest in this lesson.
Learning the art of smart shopping.
This lesson is designed to help Financial Literacy students understand and analyze the role of cultural, social, and emotional influences on financial behavior (Financial Literacy Strand 1 Standard 1). Students will create a social media PSA to help others realize the important of controlling finances through cultural norms and emotional feelings.
Spent challenges players to survive the struggle of low-income living. Developed by McKinney to raise money for Urban Ministries of Durham, the game has become a hit in financial literacy classrooms.
I have used this website while teaching Strand 6 Standard 1 of Exploring Business and Marketing. https://www.uen.org/core/core.do?courseNum=520111
Strand 6
Employability - students will develop and demonstrate the necessary skills to gain and keep employment.
Standard 1
Job Skills - Students will develop skills to gain employment.
Students will explore communication and interviewing skills:
Appropriate dress
Hygiene
Facial expressions and posture
Prepare for interview questions (STAR method)
Effective ways to communicate (phone, email, text, in-person)
Human resources and employee rights.
Discrimination laws
Minimum wage
Students and explores the fundamental concepts of credit, creditworthiness, and the long-term consequences of financial decisions.
This activity is to help students be creative with some of the content they learn in Financial Literacy. Students will learn about taxes and then take it an extra step by creating a short film about what they learned. This can be used to help other students learn more about the complex tax system. Students can use a classroom video camera or their own device to record and edit.See an example video here. General Financial Literacy Strand 1 Standard 2Picture: “Taxes” by Karolina Grabowska from Pexels is free to use.