Title: Building Credit for Elementary Students Objective: – Students will understand the concept of building credit. – Students will learn the difference between good and bad credit. – Students will know the importance of having good credit. Materials Needed: – Whiteboard and markers – Pictures or illustrations of different items that require credit, such as … Continue reading Building Credit for Elementary Students
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Categories Credit, Tags 1st Grade, 2nd Grade, 3rd Grade, 4th Grade, 5th Grade, 6th Grade
A lesson for students on budgeting for school supplies, focusing on understanding financial priorities, tracking expenses, and implementing cost-saving strategies. Students learn the essential steps to budgeting with a focus on school supplies. They begin by identifying their financial starting point, recognizing income sources such as allowances, savings, and part-time jobs. From there, they delve … Continue reading Budgeting for School Supplies Lesson
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Categories Budgeting, Spending Money, Tags 10th Grade, 11th Grade, 12th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
What is the Fed and what does it do? In this lesson, students learn the role of the Fed, or Federal Reserve, which is the central bank of the United States, in managing the economy and preventing financial crises through monetary policy. It covers the various ways the Federal Reserve regulates financial institutions, influences interest … Continue reading What is the Federal Reserve Lesson
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Categories Banking, Economics, History of Money, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
A playful, educational animated video that makes learning about taxes easy and fun for beginners. Students get a grasp on the fundamentals of taxes and take the first steps towards understanding why we pay taxes with this entertaining and informative lesson. This educational video lesson covers the basics of taxes, how taxes help our communities, … Continue reading Introduction to Taxes | Why Do We Pay?
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Categories Taxes, Tags 3rd Grade, 4th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade
A playful and engaging animated video that makes learning about stocks easy and fun for beginners. Learn the fundamentals of stocks and take the first steps towards understanding the stock market with this entertaining and informative video lesson. This video is designed to make the concept of stocks easy for anyone to understand. Covering the … Continue reading Introduction to Stocks | Basics for Beginners
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Categories Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
This lesson covers the concept of currency, including its role in an economy as a medium of exchange and store of value, and different types of currency such as traditional currencies and digital currencies like Bitcoin. It also covers the foreign exchange market and how it determines the exchange rate between different currencies, as well … Continue reading What is Currency? Exchange Rates
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Categories Basic Money, Economics, Tags 10th Grade, 11th Grade, 12th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade, Elementary School, High School, Middle School
Learn the basics of simple interest, and how it is calculated using the simple interest formula. CONCEPTS Use this video lesson on the topic to discuss the financial terminology and basic economic and related concepts of Interest Saving Money Principal PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of … Continue reading What is Simple Interest? How to Calculate
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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 4th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
What to expect as the Federal Reserve (the central bank of the United States) increases interest rates. How it impacts your budget, and your money. Understand why the Federal Reserve is increasing rates, so we all will see our borrowing costs potentially rise. Here are some ways that rate hikes could affect you, your money, … Continue reading What Interest Rate Increases Mean for You
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Categories Banking, Basic Money, Borrowing Money, Credit, Credit Cards, Economics, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
What is money? Economists differentiate among several different types. Learn about the four main types of money including commodity money, representative money, fiat money, and bank money. Also learn why intrinsic value is important for understanding the types of money. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of … Continue reading Types of Money | Commodity, Representative, Fiat, and Bank Money
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Categories Banking, Basic Money, Economics, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Learn what is money and what are its four main functions. Money serves all these functions: it is a medium for exchange, store of value, unit of account, and standard for deferred payments. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of Money Barter Inflation PROCEDURE Hand out the … Continue reading Main Functions of Money
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Categories Banking, Basic Money, Economics, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade