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
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Budgeting, Saving & Investing, Spending Money, Tags 10th Grade, 11th Grade, 12th Grade, 9th Grade
Students review the elements of a contract. They discuss the characteristics of rent-to-own contracts and compare the cost of those contracts with the outright purchase of goods. Objectives Students will define contract and annual percentage rate (APR), explain the elements of a contract, evaluate the terms and costs of a rent-to-own contract, and compare rent-to-own … Continue reading To Rent-to-Own or Not to Rent-to-Own?
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Borrowing Money, Credit, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
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.
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Borrowing Money, Credit, Debt, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Students discuss key terms related to credit and learn how creditors use capacity, character, and collateral as criteria for making loans. Students learn about credit rights and responsibilities. Groups use role-play scenarios to identify and discuss the rights and responsibilities of using credit. Objectives Students will define credit and creditor, define interest, identify and … Continue reading Creditors’ Criteria and Borrowers’ Rights and Responsibilities
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Credit, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Students complete an activity sheet and discuss the advantages and disadvantages of using credit. Students read a scenario about a young person’s use of a credit card and answer some questions regarding repayment. Students learn about credit history, credit reports and credit-reporting agencies.
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Credit, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
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.
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Banking, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Students work in pairs to participate in a “Track Star” game that illustrates positive and negative spending behaviors. Each pair of students analyzes the “Track Star” results, identifies effective and ineffective budgeting behaviors, and generates a list of budgeting principles.
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Budgeting, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Students participate in an activity to learn about checking accounts, savings accounts and check-cashing services. Students learn the components of a check, and they organize and enter information into an account register for a fictitious person in order to determine the person’s balance. Students learn why maintaining account records is important. Students balance a monthly account statement.
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Checking, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Students compute the gross pay for a fictional John Dough given his hourly wage and the number of hours worked. They compare gross pay to net pay. They learn what FICA and federal income taxes are. They learn how to complete a W-4 form and what a W-2 form is.
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Earning Money, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Students are divided into four groups to produce name tents. Each group produces name tents in a different way to highlight different levels of human capital. Students identify ways in which people invest in their human capital. Students use the Bureau of Labor Statistics Occupational Outlook Handbook to analyze unemployment, educational attainment, and median weekly … Continue reading Invest in Yourself
Get Lesson
LESSON CATEGORIES
For additional related lessons, explore our main category pages:
Categories Earning Money, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
