Life Skills – Finance for Students
Description
Objective of course is to help young students to understand concepts of finance to put into real-life practice and build solid money management skills before entering adulthood. Teaching teens about these financial concepts can help improve their money management skills:
- Managing money earned through work (like a summer or a part-time job)
- Making financial goals (short- and long-term)
- Understanding and learning about the wise use of credit
- Protecting against identity theft
- Managing debt
- Saving toward a goal (like a bike, car or college fund)
Topics for this course
Chapter 1: Making Personal Finance Decisions
This introductory lesson provides students with an opportunity to learn more about decision-making. The lesson starts with an overview of the decision-making process followed by a discussion of various internal and external factors that affect decisions.
Chapter 2: Making Money
In this lesson, students will be encouraged to consider various topics related to career planning and the financial aspects of employment. This variation of the decision-making process can help a person match personal abilities and interests with appropriate employment opportunities.
Chapter 3: The Art of Budgeting
“Where does the money go?” is a common dilemma faced by many individuals and households when it comes to budgeting and money management. Effective money management starts with a goal and a step-by-step plan for saving and spending. Financial goals should be realistic, be specific, have a timeframe, and imply an action to be taken. This lesson will encourage students to take the time and effort to develop their own personal financial goals and budget.
Chapter 4: Living on Your Own
This lesson provides a reality check for students as they investigate the costs associated with moving, obtaining furniture and appliances, and renting an apartment.
Chapter 5: Banking Services
Most students know that banks and other financial institutions (credit unions, savings and loan associations) offer a variety of services. However, few people know how to make wise choices when using financial services. In this lesson, students will learn about the different types of financial service products available and the features of each.
Chapter 6: Saving and Investing
This lesson provides students with a basic knowledge of saving and investing. The process starts with setting financial goals
About the instructor
Free