16 Nov

In today’s world children are bombarded with an instant gratification mentality. With credit cards and “buy it now pay later” children can become unaware of this problematic premise within finances. Financial literacy statistics show that out of 4,000 students only 35.5% passed the Jump$tart finance survey. A K-12 teacher study in 2007 showed that teachers believe that students do not have efficient financial literacy skills.

A 2007 Schwab survey shows that over 50% of teens lack the knowledge to budget, pay bills, understand credit card interest, and what a 401 K plan is. By the time college starts many children have credit cards. These statistics are the very reason why parents and educators must combine efforts to educate and prepare children for a successful financial well-being. No matter how old a a child is, children of all ages can benefit and learn from the following resources.

Financial Lessons for Kids 5-12

Financial Lessons for Teens 13-18

  • Investing: A list of common types of investments and risk assessments.
  • Teen Years: Investing lesson for teens.
  • Compound Interest: Calculating Compound Interest and Annual Percentage Yield lesson.
  • Kids Money: A list of moneymaking ideas from parents and ideas.
  • Summer Jobs: Several types of summer jobs for kids such as traditional and high tech jobs,

Financial Lessons for College Students

Financial Activities and Lesson Plans for Teachers

  • Mix Up: This student activity focuses on personal finance concepts.
  • Calculating Salary: Lesson plan that focuses on gross pay, net pay, and other aspects of salary.
  • Money Smart Teens: Four money lesson curriculums for ninth through 12 graders.
  • Entrepreneur: A lesson plan that lets kids be a entrepreneur
  • Bank Comparison: This lesson helps students build knowledge to help find the bank that’s most appropriate for them.
  • Financial Lesson: An in-depth financial lesson focusing on computation, problem solving, careers, bills, taxes, and family expenses.
  • Financial Literacy: A lesson plan for K-2 that teaches kids to develop positive spending and saving habits.

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