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
Budgeting Lessons
Welcome to our page on budgeting. We believe that budgeting is an essential skill in financial literacy. Our resources are designed to provide a comprehensive understanding of budgeting, including creating a budget, tracking expenses, and setting financial goals. 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 take control of their finances. From managing everyday expenses to saving for big purchases, our materials will help students develop healthy financial habits and achieve financial success.
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What is a Bank Statement? How to Read.
The lesson is about understanding and interpreting bank statements, which are documents that show financial transactions made to an account over a specified period of time. CONCEPTS Use this video lesson on the topic of bank statements, including the various components of a bank statement, such as the bank information, statement period, account number, type … Continue reading What is a Bank Statement? How to Read.
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
How to Make a Budget – 5 Steps
Learn the basics of how to create a personal budget, including 5 simple steps. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Income Spending Saving Budgeting PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of the page). Show … Continue reading How to Make a Budget – 5 Steps
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
How to Prepare your Finances for an Emergency or Disaster
With all the uncertainty in the world, including pandemics, invasions, wars, and natural disasters, it reminds us we all need to plan so we are financially prepared. There are many situations in which you need to be financially prepared, including hurricanes, house fires, floods, pandemics, and more. Proper planning, including saving emergency money with a … Continue reading How to Prepare your Finances for an Emergency or Disaster
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
Making Spending Decisions about Money
LESSON DESCRIPTION In this lesson, students will learn ways to become mindfully deliberate about their spending choices using the DECIDE process. They will use this model to help them with making a decision for a major spending purchase. Making spending decisions about how to use your money can be difficult. Sometimes you have to sacrifice … Continue reading Making Spending Decisions about Money
