Financial Literacy

Yesterday, I was talking with the Financial Advisor at  school and discussing many topics about investing for my future and retirement.  At times, I see myself rejecting new information because I see my retirement in the Xanaduesqe confines of Belize a lifetime away.  I take the mental energy to imagine the Villa along the coastline and research the cost and amenities but shirk on the actual saving and investment responsibility.  This is not uncommon as the advisor stated that most people don’t worry about retirement until they become close to retiring.  This makes it increasingly more important that our high school students are equipped with the Financial tools that will allow them to become responsible financially literate citizens.

For some talking points on mistakes try:

What Money Lesson Would You Give Your Younger Self – Kristin Wong – Lifehacker – Kristin Wong – Lifehacker

Here is a collection of resources I would like to share:

Economics

Financial Literacy, Taxes, and Economics Lessons – Richard Byrne Free Technology for Teachers – Richard Byrne Free Technology for Teachers

I guess I could have just linked you to Richard Byrne’s website as he seem to supply a host of financial literacy (an other great) resources.  This would has links to tons of great stuff.  Check it out.

Knoema – World Data Maps and More – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Wow, really a great site, but it deals with some complex Economics concepts.  This site offers tons of charts and data that would be great to create a research assignment doing comparative analysis between two countries using different concepts.  The whole project could be done on this site.

11 Videos for Economic Lessons – Richard Byrne – Free Technology for TeachersFree Technology for Teachers

Nice list of videos which include some lessons from a historical context as well as some that explain economics concepts.  At the end there is a video “rap” that enumerates on supply side and demand side principals through the lens of Keynes and Hayak.

Two Hands-on Economics Lessons for Students – Richard Byrne – Free Technology for Teachers

Two lessons here one on the “Captains of Industry” that mimics the business tactics of the great industrialists of the late 19th, early 20th century.  The second is a lesson on “Life on the Minimum Wage”

The Marketplace Whiteboard Explains Economic Issues – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Great resource to help combine current events with from an Economics perspective.

Economics Lessons for Students of All Ages – Richard Byrne – Free Technology for Teachers  – Richard Byrne – Free Technology for Teachers

An interesting interactive site that could springboard various lessons on financial responsibility.  It basically is an interactive infographic that gives financial advice based on age group.

The Economics of Seinfeld – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Awesome.  I do feel that it is our obligation morally to make sure that the these children who have grown up in a world without new Seinfeld episodes have witnessed the genius of this show – giddyup.  You do have to supply your own episodes, but there are some real complex concepts that link these shows to lessons.

The Great Economists – A Marginal Revolution University MOOC – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers – Richard Byrne

Some links to videos that will supplement instruction.

Personal Finance

 Poverty in America – The Living Wage Calculator – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Provides information on what it costs in order to survive in different parts of the country.  Would be a great start for having students create a budget and develop a financial plan.  Also good to examine how students could live on minimum wage.

Money Metropolis, Financial Football, and More Money Skills Games – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Money Metropolis is a virtual reality game, Financial Football is a trivia game with a football game outcome, which may be something to do on an “off day”.

Minyan Land – A Virtual World for Teaching Kids About Money –  – Richard Byrne – Free Technology for Teachers

Another simulation.

Planwise Can Help Students Plan Their Financial Futures – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Another interactive tool to help students learn how to budget.

Download this Snowball Debt Calculator and Plan to Get Out of Debt – Richard Byrne – Free Technology for Teachers – Alan Henry – Lifehacker

Show Students How Far a Dollar Used to Stretch With this Economics Calculator – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Another cool tool.

Secret Millionaires Club – Business Lessons for Kids – Richard Byrne – Free Technology for Teachers – Richard Byrne – Free Technology for Teachers

Animated videos and games where Warren Buffett imparts his wisdom on society so that they can understand economic principles.  The videos look like they may be a bit childish, but they are quick and easy to understand.  Could be a starting point for students to make their own animated videos.

Elementary Financial Literacy:  Lesson Ideas and Resources or s or Revolution, Responsibility and Football:  Teaching Financial Literacy to Middle Schoolers – EdutopiaRevolution, Responsibility and Football:  Teaching Financial Literacy to Middle Schoolers – Edutopia

Fun Fact:  Tim Mara bought the New York Giants in 1925 for $500, would be interesting starting point to teach inflation.

7 Financial Literacy Apps for Students – Katie Louie – te@chthought – Katie Louie – te@chthought

Three of the recommendations are tailored towards the high school level.  Most are productivity apps that keep track of their financial decisions.  Could be the tool to collect data for a great project analyzing how they spend their money, where they can reflect on practice.

America’s Credit History and a Credit Card Debt Story and Credit Card Responsibility and Debt and Stocks, Dividends, and Inflation Explained in Under Two Minutes – Richard Byrne – Free Technology for Teachers

More good videos.  These are on credit and debt.

5 Resources to Help Learn About Income Taxes – Richard Byrne – Free Technology for Teachers  – Richard Byrne – Free Technology for Teachers

It says it all in the title check it out.

ITunes – “Personal Finance” – Earlham Community School District – Earlham Community School District

A place to look at in the summer or when you have time for information about the topic and resources.

40-plus Resources for National Financial Capability Month – Brain Page – Smart Blog on Education

Some of the resources are redundant and I didn’t really look at all of them, but there is a great deal to work with here.

Money Smarts:  How to Promote Financial Literacy with Students – MindShift – Ian Quillen

More Financial Football reference, but there were a few new ones in this article as well including some games and a nine-unit curriculum from PricewaterhouseCoopers

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