Financial Literacy Helps to Build A Strong Foundation for Healthy Financial Habits in the Future
Young Adult Program
Setting goals, budgeting, saving, spending, borrowing, using credit — these are just a few types of knowledge, skills and behaviors people need to manage their resources effectively. It also takes 21st century skills such as research, analysis, and problem solving to make good financial decisions.
Each of the 22 lessons takes learners through the financial decisions that face young adults. As you complete each lesson, you will be evaluating current knowledge or gained knowledge learned through the content and activities.
Lessons Overview
Lesson |
Lesson Title |
Lesson Topic |
Learning Objective(s) |
|---|---|---|---|
1 |
Working Hard for the Money |
Career Options |
Identify career options and education or training required for different careers |
2 |
Designing Dreams |
Financial Planning |
Determine personal values and financial goals |
3 |
Can You Pay Your Bills? |
Spending and Budgeting |
Develop a plan for spending and saving |
4 |
Boost Your Savings |
The Importance of Saving |
Describe how savings affects financial well-being |
5 |
Bank Your Bucks |
Choosing a Banking Partner |
Analyze different financial institutions and conduct a comparative analysis of each institution |
6 |
Bread-and-Butter |
Managing Your Paycheck |
Decode and identify elements of a paycheck |
7 |
Capacity, Character, Collateral, Capital |
Credit |
Define creditworthiness |
8 |
The Almighty Dollar? |
Credit Cards |
Understand credit card offers and how to manage a credit card |
9 |
As Easy as Pi |
Financial Ratios |
Demonstrate and explain how to calculate financial ratios |
10 |
Convertible or Clunker? |
Automobile Purchase |
Evaluate long-term costs associated with buying a car, including insurance and maintenance |
11 |
Risky Business |
Risk Management and Insurance |
Understand the purpose and importance of various insurance types |
12 |
Halls of Knowledge |
Financing College or Trade School |
Understand the earning potential of a degree in relationship to its cost |
13 |
The Policy of Personal Choice |
Understanding the Economy |
Understand how the economy impacts personal financial choices |
14 |
Increasing the Value of Your Money |
Financial Markets and Investing |
Understand how investing helps meet financial goals and build wealth over time |
15 |
Road to Retirement |
Retirement Planning |
Understand how long-term retirement savings through investing builds wealth |
16 |
Crash Pad |
Homeownership and Renting |
Understand the responsibilities and expenses of renting versus owning |
17 |
Pocket Giving |
Charitable Giving |
Analyze monetary and nonmonetary forms of giving |
18 |
Paving the Future |
Estate Planning |
Identify elements of an estate plan |
19 |
Financial Sleuth |
Financial Resources |
Demonstrate how to find and use financial resources |
20 |
Protect Yourself |
Consumer Protection |
Evaluate consumer rights and protection laws |
21 |
Launching Your Dream |
Entrepreneurship 1: Starting a Business |
Identify and consider risks and rewards of entrepreneurship |
22 |
Maintenance Mode |
Entrepreneurship 2: Maintaining a Business |
Understand and describe tax planning and reports |
Games
Theme |
Game |
Takeaways |
|---|---|---|
Earn
|
This game can help you track and understand your income (money coming in) and expenses (money going out). |
|
Spend
|
This game can help you explore options when making housing decisions. |
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This game can help you understand your values and how they influence your financial decisions. |
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This game can help you use information about your income and expenses to develop a spending and saving plan. |
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Save
|
This game can help you create plans to build assets for a solid financial future. |
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This game covers banking services and can help you build a positive relationship with a financial institution. |
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This game can help you save money for your goals, large purchases, and unexpected expenses. |
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Borrow
|
This game can help you understand options for borrowing money and what they cost. |
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This game can help you get ready to own a home, finance the purchase, and move forward with buying a home. |
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This game can help you understand, access, and improve your credit reports and scores. |
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This game can help you understand what debt is and how to manage it. |
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This game can help you understand how credit cards work and how to manage a credit card. |
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Protect
|
This game can help you prepare financially for potential disasters and recover financially more quickly after a disaster. |
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This game can help you understand how to protect your identity and other assets. |
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Invest
|
The Stock Market Game introduces young people to saving and investing through a simulation of the stock market and bond market. Students get to trade and manage their own virtual $100,000 investment portfolio. |