Financial Literacy

Clinton County School District3rd Annual Instructional Strategies Mini-Conference Presenter: Lora Grant

Two Truths and A LieTwo Truths and a Lie is a classic get-to-know-you icebreaker. Players tell two truths and one lie. The object of the game is to determine which statement is the false one. Interesting variations of this game are provided below. Recommended group size is: small, medium, or large. Works best with 6-10 people. Any indoor setting will work. No special materials are needed, although pencil and paper is optional. For all ages.

Instructions:Ask all players to think of three statements about themselves. Two must be true statements, and one must be false. For each person, he or she shares the three statements (in any order) to the group. The goal of the icebreaker game is to determine which statement is false. The group votes on which one they feel is a lie, and at the end of each round, the person reveals which one was the lie.

Why is Financial Literacy Important?

Money management skills are used daily It is a basic necessity to meet needs for

daily living It is a skill that impacts ability to fulfill

dreams, reach goals and achieve a secure financial future

Economic Insecurity Affects Children

Children born into poverty are more likely to be poor as adults.

Children whose families are in volatile financial circumstances are most likely to experience negative effects than children in economically secure families.

Economic Insecurity Affects Children

Families in such situations often: Worry about having enough money for food and

healthcare Have a difficult time providing a safe and calm

environment for children May find stress can take toll on ability to attend

to children Low income children are more likely to be

exposed to parental depression and other parental adversities including substance abuse and domestic violence

ONE Program Review PURPOSE

Allowing equal access to ALL students the skills that will assist them in being productive citizens.

Financial Literacy Begins at School

According to the National Endowment for Financial Education, as few as ten hours of classroom instruction can be enough to persuade students to improve their spending and saving habits.

Teach what you do everyday

It is important to remember that we use financial literacy skills every day when we balance our checkbook, pay a bill, sort out change to give our child lunch money for the day, or make our weekly grocery list.

Useful Videos The FDIC and CFPB have produced three videos to

help teachers educate children to make smart financial decisions. “Spending Choices”, “Setting Savings Goals”, and “A Field Trip to the Bank” offer lessons that may be adapted for all grades.

Spending Choices – middle school Setting Savings Goals – middle school A Field Trip to the Bank – middle school At the end of each video, the presenter discusses how

to adapt the lessons for elementary and high school students.

https://www.fdic.gov/consumers/education/torc/videos.html

FDIC https://www.fdic.gov/consumers/consumer/mon

eysmart/young.html

Money Smart is divided in four curriculums: Grades Pre-K – 2 Grades 3 – 5 Grades 6 – 8; and Grades 9 – 12 Each standards-aligned curriculum can be

incorporated into subjects such as English language arts, math and social studies.

Create a Classroom Economy http://

www.realclassroomideas.com/resources/Social+Studies-Classroom+Economics+Powerpack.pdf

http://myclassroomeconomy.org/print.html?grades=4-5

Students will be earning money. Students will be spending money. Students will be balancing their check register.

Smart Piggy Bank http://www.smartpiggybank.com/ Smart Piggy Bank is a service designed to help parents teach children about money Parents create accounts for their children that

look like online brokerage accounts with the parent acting as the banker. Kids can login and keep track of their deposits and withdrawals so they know where their money is coming from and being spent. Parents can have the account automatically credited with allowance and set an interest rate.

NEA http://

www.nea.org/tools/lessons/resources-for-teaching-financial-literacy.html

Lesson Plans An Introduction To Saving And Spending ( PDF, 48 KB, 3 pgs.)

Students in grades K-1 create a simple savings plan. Standards are listed.

Checking Accounts And Alternative Banking Methods ( PDF, 63 KB 5 pgs.)Students in grades 2-3 learn about cash, ATM transactions, checks, and credit cards and saving. Standards are listed.

Introduction To Credit ( PDF, 59.1 KB, 7 pgs.) Students in grades 4-5 are introduced to credit cards, credit card advantages, and responsible credit. Standards are listed.

NEA (continued) Uncle Jed’s Barbershop ( PDF, 206 KB, 15 pgs.)

Students in grades K-5 listen to Uncle Jed’s Barbershop and learn about saving, savings goals, opportunity cost, and segregation. Includes handouts and a savings and spending card game.

Why Money? ( PDF, 81.8 KB, 26 pgs.)Students in grades 6-8 work in pairs take part in a trading simulation to learn about barter and the benefits of using money. All necessary materials are included.

What Can I Afford?Students in grades 6-8 explore the costs of various cell phone plans. Standards are listed.

Social Studies and Global Competency Resources

www.primarysource.org www.learningtogive.org/ www.smore.com/r86z0 www.discoveryeducation.com

Login, click teacher center, click Discovery Atlas Interactive Map

www.p21.org/ http://learn.vifprogram.com/indicators www.docsteach.org http://digitalarchive.wilsoncenter.org www.stosselintheclassroom.org www.izzit.org/ www.newsela.com www.newspaper.com/map

KET Arts Resources Arts Toolkits

www.KET.org/artstoolkit A World of Dance and Music Online

www.KET.org/artstoolkit/wodm/index.htm A World of Music Online

www.KET.org/artstoolkit/wom/index.htm Social Studies Arts Toolkit

http://ket.pbslearningmedia.org/collection/social-studies-arts-tookit/

KET Encyclomediawww.KET.org/encyclomedia

Beauty of Jasmine: Chinese Music and Dancehttp://www.pbslearningmedia.org/collection/beauty-of-jasmine/

Resources http://www.usmint.gov/kids/teachers/financial

Literacy/

www.educationworld.com http://

www.educationworld.com/a_lesson/lesson232.shtml

http://financeintheclassroom.org/ https://www.primarysource.org/resources/get-

started http://www.discoveryeducation.com/search/pa

ge/k-5/social-studies/-/-/index.cfm

http://www.econed.org/teacher-resources/

Interactive Resources http://handsonbanking.org/htdocs/en/k/ http://practicalmoneyskills.com/games/

K-8 Curriculum Aligned Resource for Program Review

The following link is provided by McCracken County Schools and is always a work in process.

If you have additional lessons or activities that can be submitted please email Tina Hayes, Director

of Elementary Instruction, McCracken County Schools.

http://tinyurl.com/nk6bgjv

Discussion… Any questions, thoughts or comments?

Thank you!