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Pathways to Financial Success

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Lesson Plan

Pathways to Financial Success

Financial Literacy

This lesson uses the video 'What's Your Path After High School?' to guide students through various financial decisions they will face after graduation. Activities include budgeting exercises and discussions on saving, investing, and managing debt. This lesson helps students make informed decisions about their financial future.

Audience

Grade 12

Time

50 mins

Approach

Financial Literacy

Materials

Video: What's Your Path After High School?, Worksheet: Budgeting Exercise, and Exit Ticket: Financial Literacy

Step 1

Introduction

5 mins

  • Briefly introduce the topic of financial literacy and its importance in life after high school.
  • Explain that students will watch a short video and engage in activities related to financial planning.

Step 2

Video Viewing

5 mins

Step 3

Class Discussion

10 mins

  • Facilitate a discussion using questions like:
    • What stood out to you from the video?
    • How do you feel about the upcoming financial decisions you'll need to make?
    • What are some financial goals you have after high school?

Step 4

Budgeting Exercise

15 mins

  • Distribute the 'Budgeting Exercise' worksheet.
  • Explain the basics of creating a budget, including income, expenses, and savings.
  • Guide students through filling out the worksheet.

Step 5

Saving and Investing Discussion

10 mins

  • Lead a discussion on the importance of saving and the basics of investing.
  • Share tips on how to start saving and the types of investment options available.

Step 6

Closure and Exit Ticket

5 mins

  • Summarize the key points of the lesson.
  • Distribute the 'Financial Literacy Exit Ticket' to assess students' understanding of the lesson.
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Worksheet

Budgeting Exercise

This worksheet helps students create a basic budget by listing income, expenses, and savings goals.

List your sources of income (e.g., part-time job, allowance).








List your monthly expenses (e.g., rent, groceries, transportation).








Calculate your total income and total expenses. Are they balanced? If not, what can you adjust?








Set a savings goal. How much can you realistically save each month?








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Quiz

Financial Literacy Exit Ticket

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