Financial Literacy Exploration
Financial Literacy
This lesson introduces students to the basics of financial literacy, focusing on the importance of balancing present and future financial needs. Through inquiry-based learning, students will explore concepts such as budgeting, saving, and financial decision-making. This lesson is crucial as it equips students with essential skills to manage their finances effectively, preparing them for future financial responsibilities.
Video: Balance Your Future and Present Self, Worksheet: Financial Literacy Scenarios, Discussion: Financial Decision-Making, Activity: Budgeting Exercise, Quiz: Financial Literacy Basics, Exit Ticket: Reflection on Financial Goals, and Answer Key: Financial Literacy Quiz
- Facilitate a discussion using the provided questions to explore students' current understanding of financial decision-making.
- Encourage students to share personal experiences or thoughts on managing finances.
Step 3
Worksheet Activity
10 mins
- Distribute the 'Financial Literacy Scenarios' worksheet.
- Have students work individually or in pairs to complete the scenarios, applying financial concepts discussed.
Step 4
Budgeting Exercise
10 mins
- Conduct a budgeting exercise where students create a simple budget based on a hypothetical income.
- Guide them through the process of allocating funds for necessities, savings, and leisure.
- Administer the 'Financial Literacy Basics' quiz to assess students' understanding of key concepts.
- Collect the quizzes for grading.
Step 6
Closure and Exit Ticket
5 mins
- Conclude the lesson by discussing the importance of setting financial goals.
- Have students complete the exit ticket reflecting on their personal financial goals and what they learned.
