Get them invested in making their money grow. Then, help students design a savings “first aid kit. In groups, have students discuss unexpected events they’ve seen their families contend with and share how much money they think it would cost to address those emergencies. Help students understand and prepare for this. It’s no secret that things could go wrong.
This activity teaches empathy and financial smarts! 3. At the end of the week, students can compare their group’s expenses with their prediction. Do they have enough money to cover their obligations and stick to their budget? Students can tally every expense a particular person may have on any given day (including the small ones that are easy to forget). Using data from news articles and sources, have students create and manage a budget with this worksheet. Then, gear up for some research! Put students in groups and assign them different circumstances-single, married, children, student loans, car payments, etc. Walk in someone else’s shoes for a week.Īsk students to estimate how much they think an average person spends in one week. Help them decide, based on whether they have a job, receive an allowance, or have a savings account, how they’ll make the purchase and help them tailor each plan to their situation. What personal values do these items represent? How will these items help them achieve their goals? Will those items make them feel happy? Then, have students create a buying plan for a few of the objects that they’d like to buy in the next year. From this exercise, ask students to explain why they chose these items and to answer some other guiding questions. Then, ask students to get in groups to identify the things their chosen items have in common and how those items are different. These items can range in price, but encourage students to think as big as they’d like. Have students make a list of up to 10 items they’d like to buy. Try these 12 fun saving and budgeting activities to teach financial literacy in your high school classroom: 1.
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Do they understand the financial responsibility that comes with it, though? You can help your students identify what is important to them and how to set financial goals to achieve it using technology, classroom lessons, and group discussion. Retirement might be a long way off for students, but they understand the freedom of a car. But where do teachers begin?įinding ways to connect financial literacy with the things that are important to students is key. High schoolers are more than ready to build the executive functioning, financial habits, and long-term decision-making skills needed to gain financial security. When students don’t learn those skills, they face the risk of later making uninformed money decisions that can affect the rest of their lives. Even the highest-performing students can struggle with basic financial literacy tasks like budgeting and saving. One of the biggest challenges in teaching high school students is choosing how to balance teaching practical life skills and academic knowledge.
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