What are Income and Expenses? A Beginner’s Guide to Understanding Money Management Lesson

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 investments like stocks and bonds, and the importance of saving for unexpected costs with an emergency fund. Additionally, learn how to avoid debt by balancing spending against income and strategies for increasing earnings. Mastering these skills can lead to smarter financial decisions and a more secure future.

CONCEPTS

Use this video lesson on the topic of income and expenses. Learn basic related concepts of

  • Income Types
  • Expense Management
  • Budgeting Techniques
  • Emergency Funds
  • Earning Income
  • Saving
  • Spending
  • Investing
  • Budgeting

GRADE LEVEL

7-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What are Income and Expenses? A Beginner’s Guide to Understanding Money Management

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: What are Income and Expenses?

 

Overview: This lesson plan is designed to help students understand the basics of income and expenses, crucial concepts in personal finance. By the end of this lesson, students will be able to identify different types of income and expenses and apply this knowledge to create a basic budget.

Objective:

  • Define and distinguish between different types of income and expenses.
  • Understand the impact of taxes on income.
  • Learn the basics of budgeting and setting financial goals.
  • Appreciate the importance of emergency funds and how to plan for unexpected expenses.

Materials Needed:

  • Video: “What are Income and Expenses? A Beginner’s Guide to Understanding Money Management”
  • Worksheets for budgeting exercises
  • Quiz on income and expenses (to be taken at the end of the lesson)

Lesson Duration: 45 minutes

Lesson Outline:

  1. Introduction (5 minutes)
    • Introduce the topic and its relevance to daily life.
    • Preview main concepts: income, expenses, budgeting.
  2. Video Viewing (10 minutes)
    • Watch the video “What are Income and Expenses? A Beginner’s Guide to Understanding Money Management”.
  3. Discussion (10 minutes)
    • Discuss the video content and clarify any concepts.
    • Address student questions or confusions.
  4. Activity: Budget Creation (15 minutes)
    • Students will use the worksheets provided to create a simple budget based on hypothetical income and expenses.
    • Facilitate discussions about choices and priorities in budgeting.
  5. Quiz and Review (5 minutes)
    • Administer a short quiz to assess understanding of the video’s content.
    • Review quiz answers and clarify any misunderstandings.

Discussion Questions:

  • What are the different types of income mentioned in the video? How do taxes affect your actual income?
  • Can you list some fixed and variable expenses from your own life?
  • Why is budgeting important? How does it help with financial planning?
  • What steps would you take if your expenses exceeded your income?
  • How can an emergency fund be beneficial in managing unexpected expenses?

 

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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 debts. Students will learn about the security features that favor credit cards, especially useful during travels, and gather practical tips on selecting the right card according to their financial behavior and objectives. This knowledge is essential for anyone looking to make informed financial decisions and utilize their cards to the fullest advantage.

CONCEPTS

Use this video lesson on the topic of credit and debit cards. Learn basic related concepts of

  • Budget Management
  • Credit Usage
  • Debt Avoidance
  • Financial Security
  • Credit and Debt
  • Money Management
  • Risk Management
  • Consumer Rights

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

Credit Cards vs. Debit Cards: Which is Right for You?

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Credit Cards vs. Debit Cards

Objective: To understand the differences between credit and debit cards, their benefits, and drawbacks, and how to choose wisely based on personal financial situations.

Materials Needed:

  • Video: “Credit Cards vs. Debit Cards: Which is Right for You?”
  • Projector or Smart Board for video playback
  • Quiz on video content
  • Whiteboard and markers
  • Handouts for group activities

Lesson Duration: 45 minutes

Lesson Outline:

  1. Introduction (5 minutes)

    • Brief overview of the importance of choosing the right card.
    • Introduction to the main concepts of debit and credit cards.

  2. Video Viewing (10 minutes)

    • Play the video: “Credit Cards vs. Debit Cards: Which is Right for You?”.

  3. Discussion (10 minutes)

    • What are the key differences between debit and credit cards mentioned in the video?
    • Discuss the pros and cons of each type of card in groups.

    • Quiz (5 minutes)

      • Conduct a short quiz based on the video to reinforce key concepts.

  4. Wrap-up and Reflection (5 minutes)

    • Discuss what students learned and how they might apply this knowledge in their own financial decisions.

Discussion Questions:

  • How can using a debit card help you manage your budget?
  • What are the risks of using a credit card irresponsibly?
  • How does building good credit help with major financial decisions?
  • Discuss the security features of credit and debit cards. Which do you think offers better protection?

Extension Activity:

  • Create a personal budget and financial plan illustrating when to use a debit card and when to use a credit card.

Assessment: Students will be assessed based on their participation in discussions, the accuracy of their responses in the activity, and their scores on the quiz.

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What is a 401K? A Beginners guide to Saving for Retirement Lesson

Students learn a lesson about 401(k) plans, also referred to as 401K, their tax benefits, employer matching, and how they grow with compound interest in this essential retirement savings guide. They explore what a 401(k) is and how it helps save for retirement.

The lesson covers the benefits like tax advantages, employer matches, and the power of compound interest. Students also understand the basics of 401(k) contributions, including limits and conditions for withdrawal. This information helps them make informed decisions about starting and growing their retirement savings early, taking full advantage of employer benefits and pre-tax contributions to secure their financial future.

CONCEPTS

Use this video lesson on the topic of 401(k)s. Learn basic related concepts of

  • Retirement Savings
  • Tax Benefits
  • Employer Matching
  • Investment Growth
  • Saving and Investing
  • Tax Planning
  • Employment Benefits
  • Risk Management
  • Financial Planning

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What is a 401K?

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Understanding 401Ks

 

Objective:

  • Students will understand the basic concept of a 401(k) plan.
  • Students will recognize the benefits of starting a 401(k) early, including employer matches and tax advantages.
  • Students will discuss the implications of early withdrawals and tax benefits.

Materials Needed:

  • Video: “What is a 401K?”
  • Projector or smartboard for video display
  • Worksheets for activities
  • Computers or mobile devices for quiz taking

Lesson Duration: 50 minutes

Procedure:

  1. Introduction (10 minutes):
    • Begin the class with a brief discussion on personal finance and the importance of planning for retirement.
    • Introduce the 401(k) as a popular retirement savings tool, highlighting its relevance to students’ futures.
  2. Video Viewing (15 minutes):
    • Show the video “What is a 401(k)?”.
    • Encourage students to take notes on key points, especially on tax benefits and employer match.
  3. Discussion (10 minutes):
    • Discuss the video content, asking questions like “Why is it beneficial to start a 401(k) early?” and “How does the employer match work?”
    • Explain any complex terms or concepts mentioned in the video.
  4. Optional Activity (10 minutes):
    • Students will fill out a worksheet that includes scenarios where they calculate the growth of a 401(k) over time with and without employer matching.
    • Discuss the impact of compound interest shown in their calculations.
  5. Wrap-Up (5 minutes):
    • Summarize key points covered in the lesson.
    • Introduce the quiz that students will take in the next class based on this video and today’s discussion.

Assessment:

  • Students will complete a quiz during the next class session to assess their understanding of 401K plans and the details discussed.

Additional Notes:

  • This lesson is designed to make students proactive about their financial future and understand the benefits of early investments.

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What Is Stagflation and How Does It Affect You Lesson

Students learn a lesson about stagflation, its definition, causes, and effects on their daily life and finances. In this overview, viewers will explore the economic condition where stagnant growth meets rising inflation.

The lesson covers the definition of stagflation, its causes such as supply shocks and policy missteps, and the personal consequences like higher living costs and fewer job opportunities. It also includes essential strategies for managing money and personal finances during these challenging times, such as securing income, investing wisely, budgeting effectively, and implementing saving tips. This content is crucial for anyone aiming to comprehend how economic trends can impact their financial stability and lifestyle directly. Economics 101.

CONCEPTS

Use this video lesson on the topic of stagflation. Learn basic related concepts of

  • Job Security
  • Income Diversification
  • Budget Management
  • Investment Planning
  • Saving and Investing
  • Risk Management
  • Income and Careers
  • Spending and Saving
  • Financial Decision Making
  • Risk and Return
  • Savings Strategies

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What Is Stagflation and How Does It Affect You?

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Understanding Stagflation

 

Objective:

  • To understand the concept of stagflation, its causes, and its effects on the economy and individual financial decisions.
  • To explore historical examples and discuss strategies for managing personal finances during periods of stagflation.

Materials Needed:

  • Access to the “What is Stagflation?” video
  • Whiteboard and markers
  • Handouts with discussion questions and activity instructions
  • Computers or tablets for quiz (optional)

Class Structure:

  • Introduction (5 minutes)
  • Video viewing (15 minutes)
  • Discussion (20 minutes)
  • Group Activity (15 minutes)
  • Wrap-up and Homework Assignment (5 minutes)

Activities:

  1. Introduction:
    • Briefly introduce the topic of stagflation.
    • Explain the importance of understanding economic conditions and their personal impacts.
  2. Video Viewing:
    • Watch the video “What is Stagflation?” as a class.
    • Encourage students to take notes on key points mentioned in the video.
  3. Discussion:
    • What are the main characteristics of stagflation?
    • Discuss the causes of stagflation mentioned in the video and any additional factors students might think of.
    • How does stagflation impact individual financial decisions?
    • Explore the strategies mentioned for managing finances during stagflation.
  4. Group Activity:
    • Divide the class into small groups.
    • Each group will choose a historical period of stagflation and research its causes, effects, and how it was managed.
    • Groups will prepare a short presentation to share their findings with the class.
  5. Wrap-up and Homework:
    • Summarize the day’s learning and answer any remaining questions.
    • Assign students to write a brief essay on how they would personally manage their finances during a period of stagflation, using information learned from the video and class discussion.

Assessment:

  • Conduct a quiz based on the video content to ensure understanding of the key concepts of stagflation.

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What is an IRA? A Beginner’s Guide to Individual Retirement Accounts Lesson

Students learn about the ins and outs of Individual Retirement Accounts (IRAs) and their crucial role in financial planning for retirement. In our guide, we delve into the key differences between Traditional and Roth IRAs, including their unique tax advantages, eligibility requirements, and how they can be effectively utilized for long-term savings.

Traditional IRAs offer the benefit of tax-deductible contributions but require taxes on withdrawals in retirement, while Roth IRAs feature tax-free withdrawals, providing a valuable option for those anticipating a higher tax rate in the future. Through straightforward explanations, students will understand how to select the most suitable IRA type based on their current financial situation and future income projections. Emphasizing the significance of early contributions to maximize the power of compound interest, the guide also explores the broader context of retirement planning, incorporating IRAs into a comprehensive strategy. Furthermore, it clarifies the rules surrounding IRA contributions and distributions, highlighting exceptions that permit early withdrawals without penalties, thereby offering flexibility in managing retirement savings.

CONCEPTS

Use this video lesson on the topic of IRAs. Learn basic related concepts of

  • Retirement Planning
  • IRA Basics
  • Tax Advantages
  • Investment Choices
  • Saving
  • Investing
  • Spending
  • Risk Management

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What is an IRA?

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Understanding Individual Retirement Accounts (IRAs)

 

Objective: By the end of this lesson, students will be able to explain what an IRA is, differentiate between Traditional and Roth IRAs, understand the tax benefits and eligibility requirements of IRAs, and make informed decisions about saving for retirement.

Materials Needed:

  • “What is an IRA?” video
  • Quiz based on the video content

Lesson Duration: 1 hour

Instructional Plan:

  1. Introduction to IRAs (10 minutes): Begin the lesson with a brief overview of IRAs and their importance in financial planning. Highlight the significance of starting early and the impact of compound interest over time.

  2. Video Viewing (20 minutes): Watch the “What is an IRA?” video together. Encourage students to take notes on the different types of IRAs, their tax advantages, eligibility requirements, and contribution limits.

  3. Discussion (15 minutes): Facilitate a class discussion on the video content. Use guided questions to prompt critical thinking and personal reflection.

    • What are the main differences between a Traditional IRA and a Roth IRA?
    • How do tax benefits for IRAs work, and why are they advantageous?
    • Why might someone choose one type of IRA over the other?
    • How does compound interest affect the growth of IRA contributions over time?
    • Discuss the importance of starting retirement savings early.

  4. Activities (10 minutes): Divide students into small groups and assign each group to create a simple plan indicating how they would start saving for retirement using IRAs. Encourage them to consider factors like their current age, expected retirement age, and whether they would opt for a Traditional or Roth IRA.

  5. Quiz (5 minutes): Conclude the lesson with a short quiz based on the video to assess students’ understanding of IRAs.

Follow-Up Activities:

  • Assign students to use an online IRA contribution calculator to explore how different contribution amounts and frequencies can impact their retirement savings.
  • Encourage students to interview a family member or friend about their retirement planning and whether they use an IRA.

Additional Resources:

  • IRS website for up-to-date information on IRA contribution limits and eligibility
  • Financial planning websites for tools and calculators related to IRAs and retirement planning

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What is a Bank Account? The Basics of Checking & Savings Accounts for Beginners Lesson

Students learn a lesson on the fundamentals of bank accounts, exploring the differences between checking and savings accounts, and understanding the pivotal role these accounts play in wise money management and achieving financial independence. This lesson on bank accounts introduces learners to the essentials of how bank accounts operate, including the distinct advantages of checking and savings accounts.

Key themes discussed are the safety and convenience of handling finances through these accounts, the accessibility of funds via debit cards at any time, and how interest rates contribute to the growth of savings. Furthermore, the curriculum emphasizes the significance of financial independence and the effective management of finances as crucial steps towards realizing personal ambitions and dreams. This educational content is designed to be engaging and straightforward, making the complex subject of banking accessible and enjoyable for students, thereby encouraging them to make well-informed decisions when choosing the bank account that best fits their financial needs and goals.

CONCEPTS

Use this video lesson on the topic of bank accounts. Learn basic related concepts of

  • Money Management
  • Saving Strategies
  • Financial Security
  • Earning Income
  • Saving
  • Spending
  • Investing

GRADE LEVEL

7-12th grades. Middle School. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What is a Bank Account?

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Understanding Bank Accounts

Lesson Objective:

Students will understand the basics of bank accounts, including the differences between checking and savings accounts, the benefits of using a bank account, and how to choose the right account for their needs. They will also learn about the importance of keeping their bank information secure.

Materials Needed:

  • “What is a Bank Account?” video
  • Quiz on the video content
  • Handouts with key terms and definitions
  • Access to online banking websites for research (optional)

Introduction (10 minutes):

  1. Start with a discussion about students’ current understanding of bank accounts.
  2. Show the video “What is a Bank Account?”.

Discussion Questions (15 minutes):

  • What are the main differences between a checking account and a savings account?
  • Why might someone choose to use a bank account instead of keeping cash at home?
  • How can a debit card be a useful tool for managing your finances?
  • What are some benefits of saving money in a savings account?
  • How can you keep your bank account secure?

Activity 1: Role-Playing (20 minutes)

Divide the class into small groups. Each group will role-play a scenario where they need to choose the best bank account for their needs, based on different life situations provided by the teacher (e.g., a student saving for college, someone starting their first job, etc.).

Activity 2: Bank Account Feature Comparison (15 minutes)

Students will use handouts or online resources to compare different bank accounts. They will look for features like fees, minimum balance requirements, interest rates, and online banking options. Each student will then choose an account they believe best fits their needs and explain their choice to the class.

Conclusion (5 minutes):

Summarize the key points covered in the lesson. Emphasize the importance of making informed decisions about managing money and the role of bank accounts in financial planning.

Homework Assignment:

Students will take a quiz based on the video to test their understanding of the concepts discussed. They are also encouraged to discuss with their families about the type of bank accounts their families use and why.

Additional Resources:

  • Handouts with a glossary of banking terms and their definitions.
  • Links to websites for further reading on bank accounts and financial literacy.

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What is Shrinkflation? Why Products Get Smaller But Prices Don’t Lesson

Students learn about shrinkflation and its impact on personal finance with guidance from the Cookie Monster. This lesson provides an easy-to-understand guide on how shrinkflation affects everyday products like cookies, paper towels, and cereal, offering strategies for maintaining your budget without sacrificing your favorite snacks.

Understand the phenomenon of getting less for the same price, an issue that has captured the attention of figures such as the President and the Senate, thanks to advocacy from cultural icons like Cookie Monster. Explore effective consumer awareness techniques to spot product downsizing, demand price transparency, and get the best value for your money.

CONCEPTS

Use this video lesson on the topic of shrinkflation. Learn basic related concepts of

  • Consumer Awareness
  • Price Value
  • Smart Shopping
  • Product Quantity
  • Ethical Consumption
  • Spending and Saving
  • Buying Goods and Services
  • Financial Decision Making
  • Financial Responsibility

GRADE LEVEL

7-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What is Shrinkflation? Why Products Get Smaller But Prices Don’t

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: What is Shrinkflation?

 

Objective:

  • Students will be able to explain the concept of shrinkflation and its impact on consumers.
  • Students will learn to identify shrinkflation in real-world shopping scenarios.
  • Students will discuss the ethical implications of shrinkflation and consider consumer responses.

Materials:

  • Video: “What is Shrinkflation?”
  • Worksheet with discussion questions
  • Access to the internet for research

Introduction (10 minutes):

  1. Show the video “What is Shrinkflation?”
  2. Open a discussion about initial thoughts on the concept.

Discussion Questions (15 minutes):

  1. What is shrinkflation, and how does it affect consumers?
  2. Why do you think Cookie Monster’s complaint about shrinkflation got so much attention?
  3. In what ways does shrinkflation reflect on the value and fairness of products?
  4. How do “Sesame Street” characters help in understanding real-world issues?
  5. Why is it important to be aware of product sizes and quantities when shopping?

Activities (20 minutes):

  1. Group Activity: Find real-life examples of shrinkflation. Groups will present their findings to the class.
  2. Individual Activity: Write a letter to a company from the perspective of Cookie Monster, expressing concerns about shrinkflation.

Quiz (10 minutes):

  1. Take a short quiz based on the video and discussion to assess understanding of shrinkflation.

Conclusion (5 minutes):

  1. Summarize key points learned about shrinkflation.
  2. Discuss how students can apply this knowledge in their daily lives.

Homework:

  • Students will track a few grocery items over a month to see if they can spot shrinkflation.
  • Write a reflection on the experience of tracking prices and sizes.

Further Resources:

  • Articles on recent cases of shrinkflation.
  • Research paper on the economics behind shrinkflation.

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What is SNAP? Eligibility and Benefits of the Supplemental Nutrition Assistance Program Lesson

Students learn a lesson about the Supplemental Nutrition Assistance Program (SNAP), often referred to as food stamps, and its critical role in supporting Americans’ health and financial well-being. This lesson covers the essentials of SNAP, including eligibility requirements, benefits, and the application process. It emphasizes how SNAP helps a diverse group of recipients—from students to families—maintain a healthy diet affordably. Participants are introduced to the Electronic Benefits Transfer (EBT) card, a key tool for purchasing essential food items such as fruits, vegetables, meat, and dairy.

Additionally, the lesson addresses the stigma associated with SNAP and underlines its importance in providing security, health, and the opportunity to pursue personal dreams. By understanding how SNAP serves as a vital support during challenging times, students learn how the program ensures that everyone has access to the nutritious food they need.

CONCEPTS

Use this video lesson on the topic of SNAP and Government Assistance Programs. Learn basic related concepts of

  • Budgeting
  • Saving
  • Investing
  • Career Planning
  • Earning Income
  • Buying Goods
  • Using Credit
  • Financial Decision Making

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What is SNAP? Eligibility and Benefits of the Supplemental Nutrition Assistance Program

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Understanding SNAP

 

Objective: By the end of this lesson, students will be able to explain the purpose of SNAP, identify who is eligible for the program, and understand how it supports individuals and families in maintaining a nutritious diet.

Materials Needed:

  • Video titled “What is SNAP?”
  • Internet-connected device for video playback

Lesson Duration: 45 minutes

Lesson Outline:

  1. Introduction (5 minutes): Begin with a brief discussion on the importance of nutrition and the challenges some people face in accessing healthy food. Introduce SNAP as a government program designed to help.

  2. Video Viewing (15 minutes): Show the video titled “What is SNAP?”. Encourage students to take notes on key points, especially on how SNAP works, eligibility criteria, and its importance.

  3. Discussion (10 minutes): Facilitate a discussion using guided questions:

    • What misconceptions exist about SNAP and the people who use it?
    • How does SNAP contribute to an individual’s ability to focus on their studies or job?
    • Why is it important for students and young adults to be aware of programs like SNAP?

  4. Activity (10 minutes): Divide students into small groups. Each group creates a scenario where a person or family might need to apply for SNAP. They should discuss how SNAP would benefit this person/family and present their scenario to the class.

  5. Quiz (5 minutes): Conclude the lesson with a short quiz to assess students’ understanding of SNAP, its eligibility criteria, and benefits. Use a quiz platform to facilitate this.

Discussion Questions:

  • How can SNAP impact someone’s daily life and future prospects?
  • In what ways does SNAP address food insecurity and its consequences?
  • Discuss the importance of reducing the stigma associated with using SNAP. How can society contribute to this?

Homework Assignment: Write a reflection essay on the role of government programs like SNAP in ensuring food security and nutrition. Consider including personal stories or hypothetical scenarios to illustrate points.

Further Reading/Resources: Provide a list of resources where students can learn more about SNAP, its application process, and stories from those who have benefited from the program.

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Dynamic Pricing: Why Your Wendy’s Meal Might Cost More or Less Lesson

Students learn a lesson on the shift towards dynamic pricing in the fast food industry, with a focus on Wendy’s innovative strategy. This lesson explains how Wendy’s uses demand-based pricing, similar to airlines and ride-sharing apps, to adjust meal costs. It highlights the reasons for this shift, such as enhancing customer service and efficiency, and discusses its impact on price affordability and dining convenience.

The lesson also touches on the technology behind these changes and how other industry players like McDonald’s and Coca Cola in Japan are adopting similar trends. Through this overview, students understand how dynamic pricing could affect their dining experiences, offering insights into saving money and the broader implications for fast food consumption.

CONCEPTS

Use this video lesson on the topic of Budgeting and Saving Money. Learn related concepts of

  • Savings Strategies
  • Debt Management
  • Buying Goods
  • Using Credit

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

Dynamic Pricing: Why Your Wendy’s Meal Might Cost More (or Less)!

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Dynamic Pricing in Fast Food


Objective: To understand the concept of dynamic pricing and its implications in the fast food industry, focusing on Wendy’s experimentation with surge pricing.

Materials Needed:

  • Video: “Dynamic Pricing: Why Your Wendy’s Meal Might Cost More (or Less)!”
  • Access to internet and a projector for video playback
  • Quiz based on the video content
  • Handouts with discussion questions

Lesson Duration: 50 minutes

Lesson Outline:

  1. Introduction (5 minutes)
    • Briefly explain the concept of dynamic pricing.
    • Introduce the video and its relevance to the current fast food industry trends.
  2. Video Viewing (15 minutes)
    • Play the “Dynamic Pricing: Why Your Wendy’s Meal Might Cost More (or Less)!” video.
    • Ensure all students are focused and taking notes if necessary.
  3. Discussion (15 minutes)
    • Break the class into small groups and distribute the handouts with discussion questions.
    • Encourage students to share their thoughts and insights on dynamic pricing and its potential effects on consumer behavior.
  4. Activity (10 minutes)
    • Engage students in a role-play activity where some are customers and others are restaurant managers deciding on pricing strategies.
    • Discuss the challenges and benefits of implementing dynamic pricing from both perspectives.
  5. Quiz (5 minutes)
    • Conclude the lesson with a short quiz to assess understanding of dynamic pricing principles and specific details from the Wendy’s case study.

Discussion Questions:

  • How does dynamic pricing work, and why is Wendy’s testing this model?
  • What are the potential benefits and drawbacks of dynamic pricing for consumers?
  • How might dynamic pricing affect fast food workers and operational efficiency?
  • Do you think dynamic pricing will become the new norm in the fast food industry? Why or why not?
  • How do personal values and consumer rights intersect with the concept of dynamic pricing in fast food?

Homework Assignment:

  • Write a one-page reflection on how dynamic pricing could affect your personal dining habits and whether you support this trend.

Lesson Resources

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What is Social Security? Tax Contributions and Benefits

This lesson teaches students about the basics of Social Security and its role in their future financial planning. It provides a comprehensive overview of how Social Security works, including the impact of payroll tax contributions on future benefits. Students will discover the importance of incorporating Social Security into their retirement strategies and learn how early career planning can influence their financial stability in the future.

The lesson also addresses concerns regarding the sustainability of Social Security and underscores the importance of diversifying retirement savings through 401(k)s, IRAs, and investments in stocks and bonds. By understanding the mechanics of Social Security and its significance in the broader context of financial planning, students are better equipped to make informed decisions that secure their financial future.

CONCEPTS

Use this video lesson on the topic of Social Security. Learn basic tax and related concepts of

  • Social Security Basics
  • Retirement Planning
  • Payroll Taxes
  • Financial Planning
  • Income & Careers
  • Saving & Investing
  • Risk Management
  • Financial Decision Making
  • Earning Income
  • Using Credit

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

30-45 Minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students. More in-depth lesson plan below will be longer.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  For a more in-depth lesson, complete the lesson plan below.

What is Social Security? Tax Contributions and Benefits

After watching the video, ask students to summarize the main points made in the video.

 

Lesson Plan: Understanding Social Security


Objective:

To provide students with a comprehensive understanding of Social Security, including its purpose, how it is funded, and its impact on individuals’ financial planning for the future.

Materials Needed:

  • Video: “What is Social Security? Tax Contributions and Benefits”
  • Whiteboard and markers
  • Printed worksheets for activities

Lesson Duration:

60 minutes

Introduction (10 minutes):

  • Briefly explain the concept of Social Security.
  • Discuss the importance of understanding financial planning from an early age.

Video Viewing (20 minutes):

  • Watch the video “What is Social Security? Tax Contributions and Benefits”.
  • Pause at key moments to clarify and answer any immediate questions.

Discussion (15 minutes):

  • What is Social Security and why is it important?
  • How is Social Security funded?
  • How do contributions affect future benefits?
  • Why should young people be concerned about Social Security?
  • Discuss the sustainability of Social Security and the importance of diversified retirement planning.

Activity (10 minutes):

  • Students will break into small groups to discuss and list actions they can take now to prepare for their financial future.
  • Each group will share their list with the class.

Quiz (5 minutes):

  • Conduct a short quiz based on the video and the discussion to reinforce the concepts covered.
  • Questions will cover key points such as the definition of Social Security, funding mechanisms, and the impact of contributions on future benefits.

Closure (5 minutes):

  • Summarize the key points discussed in the lesson.
  • Emphasize the importance of early financial planning and understanding Social Security.

Homework:

  • Students will research additional retirement saving options beyond Social Security and prepare a brief report on one option.

Assessment:

  • Participation in discussion and activities.
  • Performance on the quiz.
  • Quality of the homework assignment.

Lesson Resources

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LESSON CATEGORIES

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