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
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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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
Calculating Down Payments as a Percentage
Students will learn to calculate down payments using a percentage. Teaching Objectives: Students will define down payment. Students will review percentages. Students will review convert percentages to decimals. Students will review calculating percentages. Students will use these skills to figure out down payments. Suggested Grade Level 6th – 8th Grade Lesson Excerpt: Sometimes, a down … Continue reading Calculating Down Payments as a Percentage
So How Much Are You Really Paying for that Loan?
Students learn what a payday loan is and the high cost involved in using such a loan. Working in groups, students calculate an annual percentage rate (APR) on a short-term loan.
Calculating Down Payments as a Fraction
Students will learn to calculate down payments using fractions. Teaching Objectives: Students will learn about down payments. Students will learn to calculate down payments using fractions. Students will review multiplying fractions and whole numbers. Suggested Grade Level 6th – 9th Grade Lesson Excerpt: Many times, we will see word problems that use terms that we … Continue reading Calculating Down Payments as a Fraction
Managing High Levels of Debt
Students learn about handling high levels of debt. Teaching Objectives: Identify ways to deal with high levels of personal debt. Compare the costs and benefits of filing bankruptcy. Recognize the impact of filing bankruptcy. Explain the importance of reestablishing positive credit history. Demonstrate the steps to rebuilding positive credit history. Standard 13: The student will … Continue reading Managing High Levels of Debt
