Module 1: Financial Decision-Making
Students learn about the importance of setting goals and prioritizing needs and wants in order to manage finances in a world of limited means.
Learning Objectives: Students will be able to…
Learning Objectives: Students will be able to…
- Explain how limited means necessitates responsible decision-making
- Prioritize needs vs. wants
- Explain how to set and meet a goal
Module 2: Budgeting and Spending
Students learn the importance of setting and following a budget. They also learn the importance of careful consumer practices such as finding and reading reliable reviews and conducting comparative shopping to help meet a budget.
Learning Objectives: Students will be able to…
Learning Objectives: Students will be able to…
- Understand the importance of tracking expenses in order to meet a budget
- Explain how saving can improve financial options
- Understand the value of sticking to a budget
- Identify reliable sources of product information
Module 3: Income and Careers
Students learn the importance of aligning careers to a person’s interests and skills. They explore the difference between a job and a career, a wage, and a salary and money-making opportunities of kids their age.
Learning Objectives: Students will be able to…
Learning Objectives: Students will be able to…
- Explain the difference between a career and a job
- Identify money-making opportunities
- Identify career possibilities based on income, skills, and area of interest
Module 4: Credit and Borrowing
Students learn the value of borrowing and using credit to meet their goals. They learn the importance of being reliable and responsible when borrowing items from friends and how that relates to credit history. They learn that using credit cards responsibly is a good buying option in specific instances.
Learning Objectives: Students will be able to…
Learning Objectives: Students will be able to…
- Understand the difference between buying something cash versus credit
- Explain how a credit card works
- Determine the best situation to borrow versus having to buy
- Demonstrate an understanding of credit history and its importance
Module 5: Future Planning
Students learn the value of savings accounts at financial institutions and how compound and simple interest can help them reach their financial goals. They learn about certificates of deposit, bonds and stocks, as well as how each of these investments are designed to meet short, medium and long-term goals. They also learn about inherent risks in investing and the importance of insurance for protecting oneself financially.
Learning Objectives: Students will be able to…
Learning Objectives: Students will be able to…
- Recognize the value of saving and investing
- Explain the role of financial institutions in meeting financial goals
- Explain why compound interest benefits long-term savings
- Demonstrate an understanding of financial risk and the need for insurance