In this lesson, students will learn eight important steps for saving money. They will learn how to save money by assessing their financial situation, creating a budget, cutting expenses, prioritizing paying off high-interest debt, building an emergency fund, looking for additional income sources, automating their savings, and staying committed and accountable to their goals. CONCEPTS … Continue reading Saving Money When You are Broke Lesson
Spending Money Lessons
Welcome to our page on spending money! We believe that understanding how to manage spending is a crucial skill in financial literacy. Our resources are designed to provide a comprehensive understanding of spending, including creating a budget, tracking expenses, and avoiding impulsive buying. Whether you’re a teacher, parent, or financial educator, our collection of lesson plans, worksheets, and activities will equip you with the tools you need to teach these critical skills and empower students to become responsible consumers. From managing everyday expenses to saving for big purchases, our materials will help students develop healthy financial habits and make informed decisions about their spending.
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Understanding the Debt Ceiling (Debt Limit) and the National Debt of the United States
The lesson explains the concept of the debt ceiling, or debt limit, and the national debt, their implications on the US government’s financial operations and the potential consequences of hitting the debt ceiling. It also discusses extraordinary measures and possible solutions to address the national debt, including raising the debt ceiling, cutting spending, increasing revenue … Continue reading Understanding the Debt Ceiling (Debt Limit) and the National Debt of the United States
How to Prepare for a Recession
Learn the basics of how to prepare yourself for a recession, economic loss, or potential job loss. Learn important steps and tips to help prepare and protect yourself for a decline in the economy, a layoff, job loss, unemployment, or other related event. CONCEPTS Use this video lesson on the topic to discuss the financial … Continue reading How to Prepare for a Recession
What is a Mortgage?
Learn the basics of a mortgage loan for buying a home, types of mortgage lenders, and types of mortgages. An introduction to mortgages. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Mortgages Purchasing a Home Home Loans Interest Rates Budgeting and Monthly Expenses PROCEDURE … Continue reading What is a Mortgage?
Mittens Shops at Costco | Spending and Budgeting
A dog goes shopping for dog food at Costco. A fun class or lesson starter for the YouTube and TikTok generation on the importance of spending money wisely. When shopping for groceries, we often spend more than necessary and buy more groceries than we can eat, and lose track of what we actually bought. A … Continue reading Mittens Shops at Costco | Spending and Budgeting
What is causing Inflation? When will it end?
Why are prices going up for food, gas, and housing? Why are prices rising and who is it hurting? Why is everything so expensive? What is causing inflation, and when will inflation end? CONCEPTS Use this video on the topic to discuss the financial economic concepts of Inflation Supply and Demand Consumer Price Index Federal … Continue reading What is causing Inflation? When will it end?
Spending Money Wisely: Dog goes to Super Bowl
A dog goes to the Super Bowl. A fun class or lesson starter for the YouTube and TikTok generation. Discuss with students if price discounts are really a good deal, or just a pricing trick? CONCEPTS Use this video on the topic to discuss the money concepts of Needs and wants Understanding discounts Making impulsive … Continue reading Spending Money Wisely: Dog goes to Super Bowl
Impulse Buying? Dog Orders Chocolate Bar
A dog orders a MrBeast chocolate bar. Did he win the golden ticket? Here is a fun class or lesson starter for the TikTok or YouTube generation of students on the topics of impulse buying, money and spending. BACKGROUND MrBeast is a popular YouTube celebrity your students are likely familiar with. He recently has started … Continue reading Impulse Buying? Dog Orders Chocolate Bar
Financial Management Skills Assessment
LESSON DESCRIPTION Students assess their own financial management skills by taking the money management self-assessment. This assessment will help students identify their current knowledge or money management as well as areas that need instruction regarding money and finances. Money management is how you manage all aspects of your finances. This includes setting goals for the … Continue reading Financial Management Skills Assessment
Creating a Spending Plan
LESSON DESCRIPTION Students will use given information to create a monthly spending plan, also known as a budget. In this lesson, they will develop the abilities needed to make an effective plan to budget monthly spending goals. A spending plan must detail exactly how you are going to use your cash to cover the things … Continue reading Creating a Spending Plan