Students learn the essentials of managing finances, from understanding income sources to controlling expenses. They discover simple strategies for saving, avoiding debt, and planning for future financial goals. Explore the basics of managing finances with a focus on income, expenses, budgeting, and setting financial goals. Understand different ways to earn money, including passive income from … Continue reading What are Income and Expenses? A Beginner’s Guide to Understanding Money Management Lesson
Debt Lessons
Welcome to our page on debt! We believe that understanding how debt works and how to manage it is an essential aspect of financial literacy. Our resources are designed to provide a comprehensive understanding of debt, including credit cards, loans, and mortgages. 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 borrowers. From understanding interest rates to developing a debt repayment plan, our materials will help students make informed decisions about borrowing and managing debt.
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Credit Cards vs. Debit Cards: Which is Right for You? A Simple Guide for Beginners Lesson
This lesson teaches students to dive into the differences and functionalities of credit and debit cards to enhance their financial understanding. It highlights how debit cards help manage spending by using existing funds and preventing debt, while credit cards offer opportunities to build credit and earn rewards, provided they are managed well to avoid hefty … Continue reading Credit Cards vs. Debit Cards: Which is Right for You? A Simple Guide for Beginners Lesson
Sports Illustrated Staff Layoff Lesson
Students learn about the Sports Illustrated layoffs and the broader implications for the media and journalism industries. The lesson covers the causes and consequences of these job cuts, including the role of The Arena Group and Authentic Brands Group in SI’s financial struggles. Students delve into the effects of layoffs in print media and sports … Continue reading Sports Illustrated Staff Layoff Lesson
APR Explained | How Credit Card Interest Works Lesson
A lesson for students on how APR (Annual Percentage Rate) influences credit card interest, its compounding effects, and strategies for smart credit card use. Students learn the intricacies of APR and how it impacts credit card users. They dive deep into understanding the true price of borrowing money on a credit card and how interest … Continue reading APR Explained | How Credit Card Interest Works Lesson
Compound Interest Trap of Credit Cards and Loans Lesson
A lesson for students on the pitfalls of compound interest and how it can quietly ensnare you in a cycle of mounting debts if not navigated wisely. Students learn about the dual nature of compound interest in this lesson. While it offers a path to exponential growth for investors through reinvested earnings, the same principle … Continue reading Compound Interest Trap of Credit Cards and Loans Lesson
How to Apply for a Credit Card Lesson
A lesson for students on on applying for their first credit card. Students learn about the steps and considerations necessary for obtaining a credit card. Discover the importance of discerning your needs and understanding why you want a credit card, be it for building credit, earning rewards, or having it for emergencies. The lesson covers … Continue reading How to Apply for a Credit Card Lesson
Student Loans 101 Basics Lesson
A lesson about about student loans, distinguishing between federal and private options, and understanding repayment strategies. Students gain knowledge on making informed decisions for education financing and avoiding potential pitfalls. Understand the fundamentals of student loans, both federal and private. Discover the differences between fixed and variable interest rates, as well as the ins and … Continue reading Student Loans 101 Basics Lesson
What’s a Side Hustle and Extra Income Opportunities Lesson
A lesson about what is a side hustle. Students learn about extra income opportunities and how to leverage their skills, passions, and market gaps to generate supplemental income, pay off debts faster, and help secure their financial future. This lesson covers the different types of side hustles, and how they can provide a supplemental income … Continue reading What’s a Side Hustle and Extra Income Opportunities Lesson
Saving Money When You are Broke Lesson
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
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
