Financial Literacy for Adolescents, Parents, and Educators
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Why We Should Be Teaching Financial Literacy - ...

Why We Should Be Teaching Financial Literacy - ... | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
“Teachers need to teach their students a lot of things that end up falling under the giant umbrella that can sometimes only be called “stuff“. Its not reading, writing, math, or science.
Julia Okada's insight:

This is a great blurb about how current school systems may not be dedicating the appropriate amount of time to teaching students real-life skills when it comes to financial responsibility.

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The United States Mint: Parents & Teachers - Financial Literacy

The United States Mint: Parents & Teachers - Financial Literacy | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
Julia Okada's insight:

This page is taken from the United States Mint, and serves as a resource for parents and teachers in teaching youth about financial literacy. On this page, it provides a number of activities that all center around American coinage and other forms of currency, and how it relates to personal financial responsibility. The page also provides lesson plans for educators for grades 2 all the way to high school. Finally, the US Mint also provides links to other websites, such as Jum$art Coalition and the Federal Reserve for parents and educators to access. This site is helpful in the fact that it provides a number of tools for teachers to utilize when creating financial literacy lesson plans for students of all ages. 

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TheMint.org - Tips For Teens

TheMint.org - Tips For Teens | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
Julia Okada's insight:

TheMint.org is a financial website dedicated to parents and educators who wish to teach youth the importance and responsibility of personal finance. It covers multiple topics within the field of financial health, including saving, investing, safetuarding, and tracking where money goes. This site is also friendly to kids and teenagers striking out on their own to make themselves more financially literate. What's more, TheMint.org also provides fun online games related to different subtopics for both younger children and adolescents. This site is valuable in this subject because it is a purely educational platform for financial literacy and provides opportunities for interactive learning. I would recommend this site to parents, educators, children, and teenagers.

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Financial Football

Financial Football | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
Practical Money Skills puts the fun in financial literacy with online educational games for students and adults.
Julia Okada's insight:

Financial Football is a fun interactive game that merges football and financial literacy into one online activity. It was created through the partnership of Visa and the National Football League and intended for the use of students aged 11+. This online games allows players to pick the NFL team of their choice and through answering financial literacy questions of varying difficulty, they gain yards or stop the opposing team from gaining yards depending on whether they are playing offense or defense. The harder the question, the more yards the player gains if they answer the question right. This game is fun because while not every young person may be a football fan, it adds a competitive nature to the learning process, and makes this topic more exciting and relatable to students. 

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Personal Finance 101 Conversations: Episode 14, FAFSA 101

Personal Finance 101 Conversations: Episode 14, FAFSA 101 | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
This video takes you through each screen of the online FAFSA to see what information you’ll need on hand to complete the application quickly and accurately.
Julia Okada's insight:

As students prepare to head off to college, families might have questions on where to find extra sources of money while struggling to find the means to finance their child's education. This video  is an excellent resource for parents and students wanting to know how to apply for and complete a FAFSA. Educators have found that in the past students and their families struggle with this application in order to receive state/federal student loans and grants. However, this video helps people navigate the application process and how to get the most out of state and federal aid for higher education. Being literate in the FAFSA application is so important especially for students considering college because students may find that they are eligible for more aid than they had imagined. However, having basic financial literacy will help students and families navigate the FAFSA even more fluidly.

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Elizabeth Klooster's curator insight, April 27, 2014 5:19 PM

Getting into college is confusing. This brief video gives a great overview about getting that FAFSA done!

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7 Financial Literacy Apps For Students

7 Financial Literacy Apps For Students | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
7 Financial Literacy Apps For Students
Julia Okada's insight:

While there is plenty of opportunity to teach students in the classroom about the importance of making responsible financial decisions, teachers should also guide students on how to make these decisions independently. After a period of time, our students will leave our classroom and embark on their own. But what we can do is provide them insight on what tools they can take with them to promote financial responsibility as independent adults. With social media being an ever bigger force in personal lives, this article shows several financial apps that can be utilized by young people to organize their budgets and plan for their financial future. These apps are geared toward high school students, college students, and people just beginning their professional careers.

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Why teens need personal finance lessons - NDTV

Why teens need personal finance lessons - NDTV | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
Why teens need personal finance lessons
NDTV
All of us are aware that money does not grow on trees; hence personal finance should be explained to kids from a very young age. Most teens have no clue where money comes from and where it goes.
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25 must-follow personal finance Twitter feeds - Mother Nature Network

25 must-follow personal finance Twitter feeds - Mother Nature Network | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
Dave Ramsey, Suze Orman, Jim Cramer and other active Twitter accounts.
Julia Okada's insight:

Twitter has become an important force in the classroom for both educators and students, and has been increasingly been used as a tool to facilitate learning. Twitter, by extension, can also be used to promote financial literacy in the classroom. Having students follow financial gurus like Suze Orman and Jim Cramer as a class assignment/project increases their ability to make responsible financial choices, helps soft skills in finding and interpreting resources, and is an assignment that better relates to students' personal lives due to their heavy use of social media.

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Financial Literacy for High School Students

Brian Page (@FinEdChat) is Ohio's recipient of the 2011 Milken National Educator Award. He co-created the EIFLE Award-Winning financial education game Awesome Island Game and teaches Personal Fina
Julia Okada's insight:

This blog posted in Edutopia provides ideas, opinions, and suggestions on how to incorporate financial literacy lessons into a high school curriculum. It also provides several webistes, products and other resources on how to teach financial responsibility in the classroom. In addition, it includes a couple suggestions for acitivites to use in the classroom, such as the "Awesome Island Game." This blog page is highly beneficial because it is interdisciplinary and incorporates mathematics, civics, and economics into the study of financial literacy and can be used by a number of educators in different content areas. This site is most beneficial to educators seeking to teach financial responsibility to adolescents.

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Financial Literacy Resources for Educators

Financial Literacy Resources for Educators | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
Julia Okada's insight:

FEPPP, or the Financial Education Public-Private Partnership, is an organization in Washington state that is dedicated to providing a K-12 curriculum focused on financial literacy, piloted in the Aberdeen School District. Under the resources and links section, the FEPPP site provides a list of resources as well as curriculum guides and sample programs for educators to utilize. In addition, it recommends several interactive games for both in the classroom and online for educators to distribute to their students. I found this site to be interesting in that FEPPP is a prime example of a localized effort to incorporate financial literacy into school curriculums and to promote financial well-being and knowledge in youth. The links and resource page is valuable to educators outside of Washington, though some of the jargon on the websitedoes relate to educational standards specific to the state.

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Reading Your Statement

The Federal Reserve Board of Governors in Washington DC.
Julia Okada's insight:

This page from the Federal Reserve helps individuals read their credit card statement. When you roll over the numbers on the page, it gives you a short summary of what each sectin of the credit card statement mean. It's surprising that still to this day, people remain unaware what all the information on this important document means and how it pertains to their financial well-being. This is a useful source for students to know about that is easy to access, easy to understand, and self-explanatory. It could used as a supplement to a economics lesson on personal financial health.

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Invest Quest | OnGuard Online

Julia Okada's insight:

This fun, interactive game is designed for middle school and high school students and their teachers. It is a game that focuses on the basic concepts of investment (cars, education, career, retirement, etc) and how to navigate its challenges. This game could be very fun and informative for students to play as independent work. Often financial literacy places emphasis on budgeting and knowledge of credit, but not so much on investments. Therefore, this game helps students understand that investing plays a large part in their life, when young and old, and that there are basic rules to investing that they will have to know in order to be financially stable.

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Cultivating Entrepreneurs During High School

The Network for Teaching Entrepreneurship's president says the nonprofit has prepped potential founders from the U.S. to China
Julia Okada's insight:

In the United States where independence and innovation are practically revered, entrepreneurship in particular is highly regarded because of its relationship with these two values. And yet, there is no set curriculum in this country to develop a basic understanding of business and entrepreneurship literacy. This is especially true for our students coming from low-income families, who often have "narrow views of what's possible in their lives." However, this non-profit hopes to develop interest in business and entrepreneurship with low-income families and their children through partnering with schools using game-based, experiential learning opportunities. The results have been positive, with research showing that students completing the program "start and maintain businesses at substantially higher rates than their peers."

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Getting Started: Earlier is better when teaching money literacy

Financial literacy is important for making smart decisions about money. But increasingly, research shows the earlier you start learning the topic - preferably before you graduate high school...
Julia Okada's insight:

This article is about why it has become increasingly important to start financial literacy lessons earlier on in our youth's education. Learning about money and the way it fits into our lives is a concept high school students are already beginning to understand, whether it's making a big-ticket purchase for a car, deciding how to invest for higher-level education, or starting to open their first line of credit. Because of this, shouldn't schools play a larger role in guiding adolescents to making more financially responsible choices? As this article states, schools have readily-available resources to teach students how to manage money. That being said, this article argues that teachers need to be trained how to teach concepts in saving, investing, and credit/debt in order for our students to get the most out of this information before they leave high school.

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Council for Economic Education Introduces K-12 National Standards for Financial Literacy by CEE

Council for Economic Education Introduces K-12 National Standards for Financial Literacy by CEE | Financial Literacy for Adolescents, Parents, and Educators | Scoop.it
The Council for Economic Education (CEE) is pleased to introduce the National Standards for Financial Literacy, a framework for the body of knowledge and s (Watch our video for an introduction to #CEE's new National Standards for Financial Literacy.

Via Tony Kuc
Julia Okada's insight:

Having national standards for financial literacy is an important factor to ensure our students are well-informed citizens that make responsible financial decisions both in the personal and professional lives. However, these standards have yet to develop tools to assess mastery of financial literacy, which currently is an issue. If the CEE can gain support from state and local governments to require incorporation of these standards for K-12, and develops effective assessments, these standards have the capacity to improve students' decision-making processes in a "dizzyingly complex financial world" through a more structured, systematic support network in schools.

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Lawmaker pushing financial literacy class - Ocala

Lawmaker pushing financial literacy class
Ocala
Hukill, R-Port Orange, said school districts offer elective courses that teach bits and pieces of financial literacy, but that is not enough.
Julia Okada's insight:

While schools focus a lot of attention on civics, the broader role of the economy on society, etc., little is done to prepare students for financial independence and knowing how to make smart personal financial/economic choices for their future. More work needs to be done to push for financial and economic literacy in our schools, and this article makes this argument.

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