Using a budget is an essential skill in managing personal finances. If you are a business owner, farmer, rancher, earn based on sales commissions or are seasonally employed, you may not have consistent income from month to month. When your income is irregular, it may be difficult develop a budget that can be used to plan your spending for the month.
The holidays are a time to spend with family and friends sharing good food and gifts. Unfortunately, this time of sharing can create stress for individuals and families who are living on a tight budget. The extra gifts, food, and travel expenses can make a budget that is already stretched, snap. Planning ahead and making decisions about spending will help the holidays be more enjoyable.
Are you or your child planning to attend a post-secondary institution in the fall of 2017? A new rule from the Department of Education allows you to file your 2017-2018 Free Application for Student Aid (FAFSA) as early as October 1, 2016. Parent or student income and tax information from the previous year, this year using 2015 information, will be reported on the application.
Financial education for today’s youth is an extremely important undertaking. There are concepts that need to be understood and practiced for adults to lead financially healthy lives. Learning these concepts while younger may help alleviate some bad financial decision making later in life. As youth educators, we have a unique opportunity to help teach basic and complex financial concepts to youth across the state.
Games can be a successful tool when educating youth. Gaming can supplement traditional lesson plans for a blended learning experience for youth. A 2014 American Psychological Association (APA) study found that there are four positive impacts that games have on kids who play them.
This publication contains 21 lessons that provide active learning experiences to help students master the basics of investing. Lessons cover basics such as the language of financial markets, gathering information on investments, and the nature of financial institutions in the U.S. economy.
Financial Fitness for Life® (FFFL) provides high-quality instructional materials for use with students from kindergarten to grade 12. The overarching goal of the materials is to help students make thoughtful, well-informed decisions about important aspects of personal finance, including earning income, spending, saving, borrowing, investing, and managing money.
Helping students develop good personal finance skills cannot begin too early. Money Savvy Kids offers age appropriate instructional materials for all of the elementary years.
This set of materials is very informative and practical. It provides the opportunity to set goals, practice clear communication, and make good decisions. It encourages interaction with the community, and learning how to learn by developing research and critical thinking skills. Youth who learn good consumer skills can apply them to other areas of their lives. The activities can be adapted to 4-H project groups, clubs, classes, or homeschooled youth.
Whether you’re a teacher, youth club leader or in another position of influence in youth education, you’ll find this personal finance curriculum to be very practical. The Financial Champions series encourages interaction with the community and learning how to learn by developing research skills.