Before or after your in-class session, assign these student self-guided activities.
This 10-minute, student self-guided activity explains net worth and the process of determining net worth. Students will explore the different types of net worth and investigate the significance of shared net worth. Finally, students will learn how to calculate their own net worth.
An optional Teacher Guide is available.
This 10-minute, student self-guided activity explains how to set SMART financial goals based on where you're heading and how to take smart steps to get there.
An optional Teacher Guide is available.
This 10-minute, student self-guided activity defines net worth and ways to build wealth. Students will explore how they can build wealth through passive income and how long-term investment and compounding interest can build wealth. Students will compare various types of investment vehicles and explore pros and cons of shared investment.
An optional Teacher Guide is available.
These assets address Content Statement 15: Planned purchasing decisions factor in direct (price) and indirect costs (e.g. sales/use tax, excise tax, shipping, handling, and delivery charges, etc.).
b. Devise plan to increase net worth [given a predetermined amount of money.]
Students learn how to keep track of spending using a transaction register and play a game using this knowledge. They share different strategies to make the most of their money and evaluate how those strategies relate to their own consumer skills.
STUDENTS WILL:
Record purchases in a transaction register.
Determine which practices demonstrate careful consumer skills.
Apply consumer skills to spending and saving decisions.
The Session Teacher Guide will be provided as a PDF and as a Microsoft Word document.
The Session Student Activity will be provided as a fillable PDF and as a Microsoft Word document.
The Session Exit Ticket will be provided as a PDF and as a Google Doc.
The Session Journal Page will be provided as a PDF and as a Google Doc.
An interactive onscreen presentation for each session will be view-able from the page or can be shared via direct link.
This video addresses the following Financial Literacy standards:
Content Statement 24b: Describe the difference between a warranty and extended warranty on a given product.
Content Statement 24c: Research the average costs of all expenses associated with a four-year college education, a wedding and a new versus used car.
Share the below information. Would you be more likely to buy a new or used vehicle? Explain your choice. This can include the price, different warranty options, planned usage, and maintenance expenses.
Source: carfax.com, monkeygeek.com