Students learn about charitable contributions.
Teaching Objectives:
- Identify different types of charitable contributions. Describe examples of charitable giving in local communities and the state.
- Use cost/benefit analysis to analyze the impact of charitable giving on individuals and society.
Standard 14: The student will explain the costs and benefits of charitable giving.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Charitable contributions are a big part of our society. Some people prefer to give money while others enjoy the opportunity to get personally involved. Others prefer to make contributions, such as clothing, computers, cars, and various types of goods and services. People give to organizations for many reasons, but the number one reason is because it makes them feel good to do it. Giving back to society is part of being a good citizen and should be part of a financial plan.
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Categories Donating,
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 evaluate the consequences of bankruptcy.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Poor money management and overspending habits will quickly lead to high levels of debt, but that is not the only reason people face mountains of bills with little money to pay them. Events such as divorce, prolonged illness, or other personal problems can wreck a person’s budget, causing them to get behind in their payments and face difficulties playing catch up.
When faced with unfortunate circumstances or the results of poor spending habits, there are ways to resolve the problem. Some of these include filing personal bankruptcy, getting debt counseling, or refinancing personal debt. These options have both costs and benefits to individuals, their families, and others impacted by the decision.
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Categories Debt,
Students learn about the costs and benefits of gambling.
Teaching Objectives:
- Recognize gambling as a form of risk.
- Calculate the probabilities of winning in games of chance.
- Explore the potential benefits of gambling for society.
- Explore the potential costs of gambling for society.
- Evaluate the personal costs and benefits of gambling.
Standard 12: The student will explain and evaluate the financial impact and consequences of gambling.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Gambling can be exciting, challenging and stimulating! Some people get a “rush” out of taking a chance, while others find it much too upsetting or risky. Gambling in the United States has just exploded in recent years, with almost every state legalizing some form of gaming activity. While gambling is a form of entertainment, it is also a risk. Like any other risky behavior, it can create financial losses for individuals and their families.
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Categories Spending Money,
Students learn how insurance can be used to manage risk.
Teaching Objectives:
- Examine how deductibles affect insurance premiums.
- Determine how out-of-pocket expenses impact the cost of using insurance.
- Identify ways to save money on insurance premiums.
- Demonstrate the ability to select appropriate amounts of insurance in selected situations.
Standard 11: The student will describe and explain how various types of insurance can be used to manage risk.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Making good choices about insurance is like being wrapped in a protective blanket. Insurance provides protection against catastrophic losses that could have long-term impact on a family’s financial future. While insurance companies pay most of the costs when there is a loss, almost all policies have some type of deductible or other out-of-pocket expenses. Learning how to manage those additional expenses is part of understanding the role of using insurance to manage risk.
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Categories Insurance,
Students learn about different types of insurance.
Teaching Objectives:
- Examine the different types of insurance available.
- Identify key terms associated with insurance and risks: natural disaster, liability, disability, deductibles, and risk management.
- Explain the purpose and importance of different types of insurance protection as a risk management strategy (e.g., life, health, property, liability, disability, and automobile).
Standard 11: The student will describe and explain how various types of insurance can be used to manage risk.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Insurance is one of the most important parts of your risk management plan. By purchasing insurance, individuals can transfer their personal risk to a third party — the insurance company. Today, it is possible to insure almost anything. Understanding the different kinds of insurance available and evaluating potential losses helps consumers make more informed decisions.
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Categories Insurance,
Students learn about risk and insurance.
Teaching Objectives:
- Identify possible risks.
- Explain strategies for handling risk.
- Recognize the role of risk.
- Explain how insurance transfers risk to a third party.
Standard 11: The student will describe and explain how various types of insurance can be used to manage risk.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Life is about risk. Individuals face some type of risk in everything they do and every decision they make. In most cases, we try to minimize the impact of risk by having insurance or other types of protection from loss. Or, we may look for ways to avoid risk by taking steps to prevent it. Finding a way to manage our risk will help protect our financial assets today and in the future.
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Students learn about buying a house including reasons, financing, and the costs and benefits.
Teaching Objectives:
- Discuss the reasons that people buy.
- Explain the elements of a mortgage (e.g., down payment, escrow account, due date, late feeds and amortization table).
- Explore the different types of lenders and housing loans.
- Recognize other costs associated with homeownership, such as maintenance, homeowner associate fees, etc.
- Evaluate the costs and benefits of homeownership.
Standard 10: The student will explain and compare the responsibilities of renting
versus buying a home.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Buying a house is the most expensive purchase many people make during their lifetime. Homeownership is often the fulfillment of a dream, a source of pride, and a sense of independence. Few people can afford to pay cash when purchasing real estate—especially with the average home price in the United States approaching $175,000. Financing a home requires a mortgage, and mortgages include interest which increases the overall price of the house.
Unlike other purchases, the cost of insurance can be included in the monthly payment as well. Adding interest and insurance to the mortgage payment is a convenience, but also increases the monthly payments. Additional costs of homeownership include the cost of landscaping, mowing, pest control, and contributions to a savings account to cover the costs of any emergency expenses such as replacing a hot water heater or washing machine.
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Categories Real Estate, Spending Money,
Students learn about renting and apartment including the costs and benefits.
Teaching Objectives:
- Discuss the reasons that people rent.
- Explain the elements of a standard lease agreement.
- Recognize other costs involved in leasing an apartment or house, such as deposits, late fees, and utilities.
- Evaluate the cost and benefits of renting.
Standard 10: The student will explain and compare the responsibilities of renting
versus buying a home.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
Almost everyone will rent a place to live at some point in their lives, and convenience is probably the primary reason that people choose this housing option. Renting a house or an apartment has many advantages over buying, depending upon a person’s needs. It also offers many choices to consider before signing a lease. Because a lease is a legal contract, it is important to understand the terms. Otherwise, that fun, cool place to live can become a financial nightmare.
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Categories Real Estate, Spending Money,
Students learn about different types of housing.
Teaching Objectives:
- Identify various housing alternatives.
- Determine local housing options, both renting and buying.
Standard 10: The student will explain and compare the responsibilities of renting
versus buying a home.
Suggested Grade Level
7th – 12th Grade
Lesson Excerpt:
One of the most significant financial decisions people make is finding a place to live. Sometimes we seem to confuse the difference between a house and a home. A house is where people live; a home is the life people make within that building. With that in mind, the best housing alternatives including finding a place that is both affordable and appropriate for a person’s lifestyle. Owing a home is frequently called the “American Dream,” but people may pursue their personal goals and dreams whether living in a house or a rented apartment. They cannot pursue their dreams if they spend more than they can afford, regardless of where they live.
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Categories Real Estate, Spending Money,
Students learn money math.
Table of Contents:
- Foreword
- Correlations to NCTM Principles and Standards of Mathematics
- Lesson 1 The Secret to Becoming a Millionaire
- Lesson 2 Wallpaper Woes
- Lesson 3 Math and Taxes: A Pair to Count On
- Lesson 4 Spreading the Budget
Suggested Grade Level
4th – 8th Grade
Lesson Excerpt:
Let’s face it—kids like money. So, what better way to help young people embrace math than by teaching them about money…and what better reason can we give them for learning math? Through Money Math: Lessons for Life, middle grade students apply math skills to some of life’s costly challenges, learning important personal finance concepts along the way. This wonderfully integrated teaching resource complements what students will likely learn before and afterward, because financial education isn’t a one-shot deal and financial literacy requires a lifetime of learning. The Jump$tart Coalition is proud to continue to support this updated curriculum.
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Categories Money Math, Tags 4th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade
