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K-12 Resources for Teaching Personal Finance

K-12 Resources for Teaching Personal Finance. April 17, 2013. Presenters Sarah Sannes, Obama Elementary, St. Paul Kaylen Gores and Cheryl Duffy, Sullivan Communication Center, Mpls Jim Eisenreich, Eden Prairie HS Martha Rush, Mounds View HS Rose Petit and David Bratten, Hopkins HS.

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K-12 Resources for Teaching Personal Finance

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  1. K-12 Resources for Teaching Personal Finance April 17, 2013

  2. Presenters • Sarah Sannes, Obama Elementary, St. Paul • Kaylen Gores and Cheryl Duffy, Sullivan Communication Center, Mpls • Jim Eisenreich, Eden Prairie HS • Martha Rush, Mounds View HS • Rose Petit and David Bratten, Hopkins HS

  3. Run a Bakery and a Store • Kindergarten – 2nd Grade • Teaches basic “Flow of the Economy”: when you work at a job, you earn money, then you can buy things. • Get “hired” to be a baker • Work at your job (baker), using PlayDoh • Get paid with play money • Buy things at the store

  4. Junior Achievement • Classroom-based, Led by Volunteers, K-6 • Ourselves (K) – working, earning, saving • Families (1) – needs, wants, tools, skills • Community (2) – workers, production • City (3) – how businesses contribute • Region (4) – resources, goods, services • Nation (5) – job market, globalization

  5. Junior Achievement More than Money • 2 Games – Community and Business • Keep track of money with Account Register • Make financial choices and see cause and effect BizTown • Simulated city where everyone has a job • Learn role of worker, consumer, producer • Own checkbook and bank account; apply for job • Kids LOVE it! Fantastic way to “put it all together”.

  6. Microsociety and JA Biztown Microsociety is a structure under which we run our classrooms. It allows us to bring the “real world” systems into our classrooms in order to educate our students in both academic content and the outside world (and bring it home to their families) Biztown allows us to make the link between school and “real world” even more solid. It provides us with core lessons that helps us set up and frame what with do with our classroom economy that mirrors that of the world. Both systems allow students to do “jobs”, earn money and spend that money. They also make sure that students have to pay for things that they need and want in order to be successful (rent, fines, taxes, extras)

  7. www.mykidsbank.org / auction

  8. Helpful links and resources:available as hardcopies www.Mykidsbank.org (free online banking system, password protected) Timecards Applications Job chart Blank checks Check book register pages Auctions and stores: how to… and where to….

  9. Resources for High School • www.moneyskill.org • www.teachbanzai.com

  10. Plan for your own future • Lifestyle survey • Online resources • http://myfuture.com/

  11. Financial Fitness for Life • Produced by CEE • Linked to economics • Includes decisionmaking, jobs, taxes, banking, credit and personal investment • Hands on activities

  12. The challenges • How to translate understanding into behavior • Innate self-control v. environment • Can delayed gratification be taught? • The power of incentives and ‘nudges’

  13. Additional MN Resources for K-12 http://jaum.org/ http://www.bestprep.org/programs/ http://jumpstart.org/states-minnesota.html http://www.mcee.umn.edu/

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