Do you have a great lesson or resource you want to share? Send it to acampbell[AT]wise-ny.org for me to post!
Teaching Insurance and Investing by Gregg Zogby, teacher of Wellington C. Mepham High School! Here is a link to the materials from Gregg’s presentation to members of the W!SE Financial Literacy Certification Program. Gregg shared samples of instructional activities from four different lessons: 1. Savings vs. Investing 2. Investment Options and Risk Tolerance 3. Insurance Terms and 4. Factors that influence Auto Insurance Premiums. Click here to view materials!
Best Colleges.com for Financial Aid Resources! BestColleges.com provides students and parents the best option for higher education through the use of student surveys, faculty surveys, independent research, ranking systems and the input of highly credible and authoritative sources. Recently, a comprehensive financial aid resource (http://www.bestcolleges.com/financial-aid/) was added. It streamlines the often complicated process of gaining financial aid for college.
Reviews.com to Compare Credit Reports! Reviews.com Credit Report is designed to help people use credit reports and credit reporting services to monitor their financial health, prevent credit report errors, and build better credit. This resource can help people learn about the year-round monitoring services, credit-score reports, and financial planning tools that the best credit report companies offer.
Compare Cards Lesson Plans! The CompareCards Education Center is a place where educators can discover ready-to-print lesson plans about financial literacy for K-12 students and beyond. These lessons start with how money works and continues to engage students with information about how to build good credit, how to responsibly manage a line of credit, and the principles of investment. Check it out here: www.comparecards.com/education-center
Dave Ramsey’s $15,000 Financial Literacy Challenge Opens!
Click here to learn about last year’s winner! Go to 53schools.com form information on this year’s contest! It runs April 10–24 in honor of National Financial Literacy Month. High school seniors who score 90% or higher have the chance to win one of three $5,000 scholarships, and underclassmen can enter to win a Google Chromebook. Winners will be announced in May.
My Classroom Economy by Vanguard
The core principle of the classroom economy program at all grade levels is for students to experience life in a simulated economy by earning money for classroom jobs and exceptional performance, and spending the money on bills, fines for infractions, and rewards at auctions. As students increase in age, additional financial concepts are introduced. The program can be taught by any teacher in any subject, because it is carefully designed to overlay, and not interrupt, an existing curriculum. Find more information here: www.myclassroomeconomy.org.
Compound Interest activity provided by Schoolworld.com
This is a great math based activity and answer key for simple and compound interest. Click here to review the full lesson.
Lessons on money and interest from Econedlink.org
The links include lesson plans for educators and students, discussing what constitutes money, and why. A great introductory lesson for any economics or financial education class. Click here for a lesson on money. Click here for an activity relating to interest.
Building Wealth – Insurance, is provided by financeintheclassroom.org and the Federal Reserve Bank of Dallas.
This Lesson offers an introductory to individuals and families to develop a plan for building personal wealth, and a worksheet to help guide classroom discussion. Click here for the lesson plan. Click here for related worksheet.
Personal Finance Basics and Time Value of Money provided by Florida International University.
This comprehensive lesson plan, including activities and evaluations, covers a wide variety of key topics; from making personal financial decisions all the way through the arithmetic of the time value of money. This is a great set of lessons for high school juniors and seniors who will soon be entering the workforce and making important financial decisions. Click here to see the lesson plan and activities.
The Stock Market Risks and Rewards provided by TheMint.org
This Lesson plan is a great way to introduce middle and high school students to long term stock market investing in your class room. Students will choose stocks by both random selection and professional advice, and track the stock price over a short period of time. Click here to review the full lesson.
The Reality Check Calculator from Jumpstart.org
The Reality Check Calculator is a fast and easy approximation of the cost of living. By answering a few basic questions the user will find out about how much money they will need to earn to support there chosen life style. Click here to crunch the numbers.
Budget Masters: Who’s breaking the bank? Lesson Plan and Materials provided by Practicalmoneyskills.org
This lesson breaks down key terms in budgeting, has students analyze sample budgets and introduces them to the process of creating their own plans for spending and saving. Click here for the lesson plan.
Understanding your credit score, Lesson plan and resources by Vantagescore.com
The purpose of this lesson plan is to help students understand how to make good decisions and manage credit wisely when they are confronted with credit choices in the future. Provides great information related to the myths of credit reports! Click here to review this lesson.
Students will learn concepts and vocabulary related to banking and credit in the United States. They will use these words and ideas in asking questions, locating information, evaluating offers and making decisions. They will set goals, develop a budget, and understand how to plan for future wants and needs. Click here to see the lesson!
Understanding Your Take Home Pay, Teachers Guide and Activity Outline by practicalmoneyskills.com
This lesson helps students understand how to make sense of all the line items on their pay stubs. Students will also analyze earnings statements to determine how setting up automatic savings deposits and adjusting deductions can help them increase their savings. It contains a link to additional tax related materials provided by the Internal Revenue Service. Click here to review the lesson!
Could You Start a Business? Teachers Guide, Overview, and Web Links by Thirteen.org
This lesson plan will teach high school students the importance of financial management for a small business. It will help students learn the concepts of business costs, positive cash flow, credit, and proper financial management in running a business. Students will learn the tools for basic financial analysis, and will investigate why the business in the video segments was not successful. As an extension activity, they can brainstorm ideas for a model new business, given what they have learned about the financial needs of a new business. Click here to review the full lesson!
This 90 minute lesson plan provides questions and materials that will encourage discussion about the use of money, define incentives and develop goal setting strategies. Find the whole lesson by clicking here!
This lesson plan guides teachers through an exercise to show students the car buying process! Students learn how auto loans and payment plans work. The lesson addresses car purchasing research tools, credit worthiness, interest rates, loan terms, and payment plan, and cost of vehicle ownership. This is a great lesson about the actual cost of purchasing an automobile. The Teachers Guide can be found by clicking here and the Student Activity Sheet can be found by clicking here.
Check out their website, www.bettermoneyhabits.com, and scroll down to see their full list of instructional videos–help students learn about compound interest, mortgages, budgeting, and more!!
Help students understand how to use credit responsibly! Students will learn about language in credit card offers, compare credit card offers, and locate the relevant information! Lesson culminates in an advertisement students create to promote using credit responsibly. Check out this fantastic lesson from Learningtogive.org here.
A W!SE Gold Star Teacher Shares Her Power Points!
Kathleen Winghart, an amazing Gold Star teacher from upstate New York has generously offered to share her Power Point presentations for her Financial Planning course! These are an amazing resource for any teacher of personal finance, and cover topics from budgeting, to investing, to estate planning! To access her treasure trove of material, click here. The classroom material is in a zipped folder at the bottom of the page under Current Classes – Financial Planning. It is a large file so might take some time to open!
Feed the Pig!
FeedthePig.org is a website created for young adults, where they can find useful tips, tools, and quizzes about how to effectively spend and save their money! There is also a discussion forum, videos, and fun games about finance!
Ele:Vate Can You Make Ends Meet? Game!
This game helps students to cope with real-life financial decisions in a fun way! Students are split into four different families, who just moved into a new town. The students know the families’ main expenses. In addition to several tasks the students have to solve, they also have to decide what other expenses the Family can afford without going broke! This game is played in a classroom and all required tools are found here.