It can be hard to know what exactly needs to be taught in a Personal Finance class – especially if you are teaching for the first time. In fact, educators around the country have been trying to answer that question for the last 40 years, which has led to the development of Financial Literacy Standards. Read More…
Ideas on How to Teach This Topic: Teaching Overview: Taxes are used by the government mainly to raise money to pay for things like roads, lighting, trash collection, pay government employees such as police, fire, armed forces, post office, and fund welfare and other social programs. Introduce the glossary of terms that will be used Read More…
Ideas on How to Teach This Topic: Credit scores are an integral and essential part of personal finance. It is a simple topic but often thought to be over complicated. The simplified ideas is that a credit score is a way for financial institutions to quickly work out who is responsible with their money and Read More…
Different students have different learning styles. Designing assessments that are accurate for different students can be a challenge – particularly bigger tests and exams. For the last several years, I have adopted an assessment technique known as the Anderson-Melville system, developed at Western Illinois University over 30 years ago. If you haven’t heard of it, Read More…
Personal finance lab lessons offer high school students financial knowledge and experience. The fields they cover are economics, business, personal finance, and investment. Students learn grade-level appropriate contents rich in content. Also, students use calculators and questions to reinforce the concepts mastered. What Personal Finance Lab Lesson Cover? In the first week, students learn a Read More…
In 30 years experience, I have realized that the elements used to teach students have a powerful impact on learning outcomes. Personal finance has always been my favorite subject to teach. I love imbuing students with the necessary knowledge for them to fulfill their financial goals. It helps them make the right choices when it Read More…
I have found that using the textbook as my main teaching resource is not enough. Employers are looking for students that are able to develop knowledge, skills, and values from direct experiences. Teachers using a stock market game offers experience outside a traditional academic setting. This is what I like to call experiential learning. It Read More…
Personal finance calculators are tools that help individuals organize their finances. There are calculators for just about any kind of personal finance need. They include calculators that can: Measure your net worth. Calculate savings required to become a millionaire. Help you reach your saving goals. Help calculate home budgets. Debt consolidation calculator. Credit card payoff Read More…
For a teacher, the best way to reach your goals is by using premade personal finance lesson plans. This tool will help you to better communicate with your students what they will learn and how they will do it. It helps to organize your content, materials, time, etc. that involve teaching a good lecture. At Read More…
What is Personal Finance? Personal Finance Lab package is a combination of hardware and a customizable stock market game that integrates over 125 lessons and activities aligned to national standards. When you add a Finance Lab to your school, you will have your students lining up in the hallway to take a class in your Lab. With Read More…