Life Skills: Financial Accountability
One important life skill that I feel we neglect to reinforce and train our students for is learning to be financially intelligent. During the course of my teaching career I tried to infuse financial education into my teaching. The pages I’ve listed below contain a lot of information on how I taught these skills, and they also provide a lot of resources you can use with your students.
My students were always amazed when we listed all the expenses a typical family had during the course of a month. We filled up the board with such items as: rent, groceries, utilities, insurance, taxes, entertainment, transportation, and medical. Children quickly realized the necessity of landing a good paying job. Paying bills led to discussions for the need of budgeting. I taught students how to set up a spreadsheet to keep track of income and expenses. There’s good software and apps today for doing that as well.
My Money and Budgets page: http://cybraryman.com/moneybudgets.html has many financial literacy sites and apps to help students learn to manage money.
I worked with a local bank to help me teach banking skills. They provided me with deposit, withdrawal and checking forms for practice. Each year I had bank representatives come to speak to the students. We also were given a tour of the bank. Today, those lessons should include online banking skills, too. My Banking page: http://cybraryman.com/banking.html
One of my former students came to visit me many years after he graduated from our middle school. He addressed my class and said he became so interested in the stock market and stocks after learning about them from me that he became a stockbroker.
Each year I worked with a math teacher, and we did the Stock Market Game. The students loved participating in this activity and they learned a lot from it.
My Stocks page: http://cybraryman.com/stocks.html
My Business Education page: http://cybraryman.com/business.html
My Economics page: http://cybraryman.com/economic.html
My Insurance page: http://cybraryman.com/insurance.html
My Statistics page: http://cybraryman.com/statistics.html
My Tax Information page: http://cybraryman.com/taxes.html
I highly recommend when teaching any subject to include the possible careers in that area. Connect either in person or via Skype or a Google Hangout with business people who can give your students an understanding of finance and answer any questions they might have.
About the Author:
Jerry Blumengarten is @Cybraryman1 on Twitter. Jerry is a lifelong educator, who has devoted himself to helping other educators, and he is a regular at Connect Learning Today. He is a prolific gatherer of great education resources at http://cybraryman.com/.