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Personal Financial Literacy Session 1

Personal Financial Literacy Session 1. Della Hoffman Place Bridge Academy. Objectives for Session 1. We will explore the PFL standards at our grade level. We will gain an understanding of the Financial Fitness for Life curriculum. See two lesson demonstrations. Objectives for Session 1.

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Personal Financial Literacy Session 1

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  1. Personal Financial Literacy Session 1 Della Hoffman Place Bridge Academy

  2. Objectives for Session 1 We will explore the PFL standards at our grade level. We will gain an understanding of the Financial Fitness for Life curriculum. See two lesson demonstrations.

  3. Objectives for Session 1 • We will know we did a good job when: • We can explain the standard at our level to a partner. • We can discuss which lessons will be useful for us. • We can do these lessons in class on Monday!

  4. I’m going to make you move… Please get into grade level groups.

  5. Consider these questions: You have seven minutes… What are the standards at your grade level? How do they connect with real life skills that students need? What is the connection between the math standard and the econ standard? What activities can you think of to meet any or all of these standards?

  6. Financial Fitness for Life Curriculum • Broken in K-2 and 3-5 • Each has a Teacher Guide and Student Book • Teacher guide includes all lesson procedures and visuals • Student book includes student handouts (3-5) an stories (k-2) • Each lesson includes: • Background and description: relevancy • Concepts • Objectives • Time Required • Materials • Additional Resources (you can find the entire package on http://fffl.councilforeconed.org ) • Procedure • Extensions: additional activities like music, websites, children’s lit (K-2)

  7. Themes • K-3 • Earning Income • Saving • Spending • Credit • Money Management • 3-5 • Earning Income • Saving • Spending and Credit • Money Management

  8. Assessments Assessments are found in Teacher Guide Assessments are after units You may want to create your own if you are not teaching the whole unit

  9. Kindergarten Lessons: Lesson 3 What is Money? Lesson 2 Working for Income Lesson 8 We Are Consumers Lesson 9 We Decide to Spend Lesson 11 Ads Make Us Spend First Grade Lessons: Lesson 1 A Good Day for Money Lesson 7 Saving Makes Us Wait Lesson 10 We Plan for Spending Lesson 12 We are Borrowers Lesson 15 We Make a Budget Lesson 14 We Owe Money Second Grade Lessons: Lesson 4 Money Lets Us Choose Lesson 5 Why We Save Lesson 6 How We Save Lesson 13 We Are Lenders Lesson 16 We Manage Our Money

  10. Third Grade Lessons: Lesson 6 Consumers Want Goods and Services Lesson 2 Urban Mouse and Rural Mouse Lesson 14 Managing Money Lesson 11 This One or That One? Lesson 10 Why Do I Want All This Stuff? Fourth Grade Lessons: Lesson 7 To Choose is to Refuse Lesson 1 Earning Income Lesson 4 The Grasshopper and the Ant Lesson 13 Buddy, Can You Spare a Dime? Lesson 15 It’s a Balancing Act Fifth Grade Lessons: Lesson 5 Saving Starts With Wanting More Lesson 8 How Would You Like to Pay? Lesson 9 More About Methods of Payment Lesson 12 Credit is Based on Trust Lesson 3 People Pay Taxes

  11. Financial Fitness 3-5 • Financial Literacy Standards Grade 3 • Lesson 1: Earning Income • Objectives: • Define human resources, goods, income, services, wages, and human capital. • Explain that people earn income by providing resources in a marketplace • Explain the connection between human capital and income. • Identify ways in which people invest in their human capital.

  12. Work

  13. When we work, we are Human Resources When we work, we are Human Resources Why do we work?

  14. We work to earn money! The money we earn is called a wage or salary.

  15. Let's Play a game!

  16. Think about the following: • If you were sick, why do you want a doctor who has gone to school for a long time? • If a computer breaks in your room, are you able to repair it? • Would you let a friend cut your hair? • Do you want to ride with a bus driver who has never driven before?

  17. People get special training for their jobs. The training and skill we have is called Human Capital.

  18. Financial Fitness K-2 • Financial Literacy Standards Grade 2 • Lesson 4: Money Let’s Us Choose • Objectives: • Consider costs and benefits when making a decision. • Make a choice between two alternatives, and identify the opportunity cost. • Distinguish between spending and saving. • Identify choices people make every day.

  19. Let’s cook up a way to make decisions! First we need to identify a problem Identify alternatives Explore costs and benefits Make a decision Identify Opportunity Cost

  20. Opportunity Cost = Second Best Choice!

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