April and Tax Time causes educators (and parents) to reflect on how schools are teaching financial literacy (anything to take our minds off of meeting the dreaded IRS deadline.) Common Core Standards now require us to teach students to analyze and think critically. What is your school doing to help students make good decisions about money now and for their future?
One idea that doesn't take a lot of time in the classroom might be helping children understand the difference between Needs vs Wants:
They may not always agree:
You can reinforce this idea throughout the school year using those little moments of time that we can easily fill with a quick word challenge.
So, tell me more. How do you help students make good decisions about money?
The National Center for Family Literacy has a great resource on financial literacy that was rolled out recently with the help of Dollar General.
Visiting the link above will bring you to the homepage for the interactive developed by NCFL and Dollar General. It goes money management and is a great way for parents and children to learn together. Also available on that page is an instructional guide that anyone can download (free, no signup required), that expands on each lesson introduced in the interactive.
This is a great interactive, Kevin! I'd like to think that parents are discussing these topics with their children and this is a good summary activity. But, it may be a good introductory activity that leads other families to talk more about how they spend and why.
I find that my children (ages 33 and 38) developed good spending habits from us (ok, I may be biased.) Then they married and there had to be a blending of spending habits. Now a third generation is learning how to spend and save, and I intend to give them your link to help them talk it out.
I do not know how to help students, but I discovered Dave Ramsey and Financial Peace University. He is great. Then I took the Legacy class and I like that, too. He offers a kit for children, but I think it is more for a family. I can get caught up with how my students spend money. I was told not to judge. I just want them to make better choices, but then WHO gets to decide what "better" is.