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

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Categories Budgeting, Earning Money, Saving & Investing, Tags , , , , ,
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What is Interest? Introduction to Interest Rates.

Learn the basics of interest, how you earn interest, and compound interest.  An introduction to interest rates. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Interest Interest Rates Saving Bank Loans PROCEDURE Hand out the worksheet below (see the GET LESSON button near the … Continue reading What is Interest? Introduction to Interest Rates.

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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags , , , , ,
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What Interest Rate Increases Mean for You

What to expect as the Federal Reserve (the central bank of the United States) increases interest rates. How it impacts your budget, and your money. Understand why the Federal Reserve is increasing rates, so we all will see our borrowing costs potentially rise. Here are some ways that rate hikes could affect you, your money, … Continue reading What Interest Rate Increases Mean for You

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Categories Banking, Basic Money, Borrowing Money, Credit, Credit Cards, Economics, Saving & Investing, Tags , , , , , ,
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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





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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

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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

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Understanding your Money Habits

LESSON DESCRIPTION In this lesson, students learn to understand and identify what are their money habits. Every money decision you make either reinforces good or bad money habits.  The first step toward creating good money habits is to first identify the money habits you currently have. Distribute the attached worksheet to students.  They should first … Continue reading Understanding your Money Habits

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Categories Budgeting, Saving & Investing, Spending Money, Tags , , ,
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Savvy Savers – Benefits of Interest-Bearing Accounts

Students calculate compound interest to identify benefits of saving in interest-bearing accounts. They learn the “rule of 72” and apply it to both investments and debt. They learn that there is a relationship between the level of risk for an investment and the potential reward or return on that investment.

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Saving & Investing – Making Choices

Introduce the advantages and disadvantages of common savings and investment vehicles, and show the short and long term effects of various savings and investment choices. Teaching Objectives: List and prioritize some of your short- and long-term budget goals List and explain some of the advantages of saving money Understand the concept of “pay yourself first” … Continue reading Saving & Investing – Making Choices

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How Money Grows Through Saving and Investing

This lesson introduces students to the basics of how money grows through saving and investing. Teaching Objectives: Consider alternative ways to help money grow through savings. Apply simple math concepts to determine the future value of money. Introduce students to the concept of investment risk. Suggested Grade Level 3rd Grade – 6th Grade Lesson Excerpt: … Continue reading How Money Grows Through Saving and Investing

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