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. 

Students will create a zero-budget from a projected salary for a career of their choice, practicing the PYF principle and learning realistic costs of living.

This is a simulation for students to integrate several concepts on saving and banking into one project.

In this mini-unit, students begin by creating a career plan and an education plan. After learning financial aid vocabulary concepts, students will play an online game called “Payback” to apply knowledge learned about paying for college. The activity concludes with students creating a personal resume and taking notes on job interview tips.

Students will be able to identify methods used by predatory lenders for prevention, comprehend basic consumer rights, and demonstrate knowledge of filing complaints when these rights are violated. Additionally, students will understand tactics employed by predatory lenders and be equipped with the skills to avoid falling victim to them.

Students will be able to identify and explain the differences between different economic systems (Market, Mixed, Command, Communist, Socialist).

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 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 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 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).

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.

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.