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Personal Financial Literacy Grade 3 - 5. Beth Graber Della Hoffman. Objectives for Today. Explain the Personal Financial Literacy (PFL) standards at your grade level – both Economics and Math Describe some resources you can use to help teach PFL at your grade level
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Personal Financial LiteracyGrade 3 - 5 Beth Graber Della Hoffman
Objectives for Today • Explain the Personal Financial Literacy (PFL) standards at your grade level – both Economics and Math • Describe some resources you can use to help teach PFL at your grade level • Identify other sources to find more resources to teach PFL
PFL Standards • PFL Standards are written! • Combined Social Studies (Economics) and Math
3rd GradeMeet Short Term Financial Goals • What is my goal? • How much does it cost? • How can I earn money? • How can I make responsible decisions in order to save money?
I will cut the grass for my parents and my neighbors. I will help my mom weed her garden.. I will stop buying candy at the corner store every day. I will walk my neighbors dog.
4th GradeRelationship Between Choice and Opportunity Cost • We can’t do/have everything we would like to! • We have to choose! • Every choice comes with a cost.
5th GradeUse of Financial Institutions • What do banks do? • Saving • Interest • Accounts – Saving/Checking • Loans • Interest • Credit Cards
5th GradeUse of Financial Institutions • What do banks do? • Comic Books • No Business Like Bank Business
5th GradeUse of Financial Institutions • Saving • Chair For My Mother • Saving Strawberry Farm • Interest • Rock, Brock, and the Saving Shock • Accounts • Check Writing • www.mykidsbank.org
5th GradeUse of Financial Institutions • Loans • One Hen: How One Small Loan Made a Big Difference (www.onehen.org) • Interest • Basket of Bangles • Credit Cards • Email della.hoffman@gmail.com
Where did all these resources come from?? • Federal Reserve Banks! • www.federalreserveeducation.org