This lesson Plan is for Financial Literacy and Budget Planning. The Standards were not listed in the Resource section so they are as follows:Standard 1Analyze the role of cultural, social, and emotional influences on financial behavior.Evaluate the role of emotions, attitudes and behavior in making financial decisions.Recognize that individuals are responsible for their own financial decisions and for subsequent positive and negative consequences.Standard 2Define a rational decision-making process and the steps of financial planning.Define opportunity cost (tradeoffs) and their role in decision making.Describe a rational decision - making process.Identify short- and long-term financial decisions and the impact they have on financial planning.Define the elements of a financial plan.Standard 1Identify and explain the process of budgeting based on calculated income.Develop a budget.Identify and prioritize fixed, fixed variable and variable budget categories.The Image for this Budget Planner was created by myself, Sharon Pinkerton.
Financial planning helps you use your money to get the most out of life. It is important to realize that every purchase involves cost. To be truly satisfied with a purchase depends on analyzing its costs and benefits.
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).
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.
This is a comprehensive Personal Finance text which includes a wide range of pedagogical aids to keep students engaged and instructors on track. This book is arranged by learning objectives. The headings, summaries, reviews, and problems all link together via the learning objectives. This helps instructors to teach what they want, and to assign the problems that correspond to the learning objectives covered in class.Personal Finance includes personal finance planning problems with links to solutions, and personal application exercises, with links to their associated worksheet(s) or spreadsheet(s). In addition, the text boasts a large number of links to videos, podcasts, experts’ tips or blogs, and magazine articles to illustrate the practical applications for concepts covered in the text.
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
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
Employability - students will develop and demonstrate the necessary skills to gain and keep employment.
Job Skills - Students will develop skills to gain employment.
Students will explore communication and interviewing skills:
Facial expressions and posture
Prepare for interview questions (STAR method)
Effective ways to communicate (phone, email, text, in-person)
Human resources and employee rights.
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.