Financial Literacy: A Classroom Economy Project for Young Adults

Financial Literacy: A Classroom Economy Project for Young Adults
Financial Literacy: A Classroom Economy Project for Young Adults
Financial Literacy: A Classroom Economy Project for Young Adults
Financial Literacy: A Classroom Economy Project for Young Adults
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Complete instructions on how to set up your classroom that will immerse your students in real life opportunities to develop their financial literacy skills! There are dozen of resources, ideas and tips included. Files include editable pdf form files (Adobe Acrobat Pro or Adobe Acrobat Reader version XI required), Excel Workbooks, and PowerPoints. User must have the means to open these programs in order to utilize the files. Access to the Internet and an iPad or iPhone recommended.

Income vs Expense - Students begin by learning about income and expenses adults face in everyday life. Students are introduced to new vocabulary words/definitions, sort them into categories - income or expense, and can learn the associated manual sign for the words if needed.
Files included:
1_Income_vs_Expenses_Instructions.pdf, 1_Income_and_Expenses_Sorting_Mats.pdf, 2_Vocabulary_Flash_Cards_Income.pdf, 3_Vocabulary_Flash_Cards_Income.pdf, 4_Vocabulary_Flash_Cards_Expenses.pdf, 5_Vocabulary_Flash_Cards_Expenses.pdf, 6_Vocabulary_Flash_Cards_Jobs.pdf, 1_Income_and_Expenses_Sorting_Mats_Manual_Signs.pdf, 2_Vocabulary_Flash_Cards_Income_Manual_Signs.pdf, 3_Vocabulary_Flash_Cards_Income_Manual_Signs.pdf, 4_Vocabulary_Flash_Cards_Expenses_Manual_Signs.pdf, 5_Vocabulary_Flash_Cards_Expenses_Manual_Signs.pdf, 6_Vocabulary_Flash_Cards_Jobs_Manual_Signs.pdf

Job Market Employment Opportunities - Students learn about classroom jobs available, the duties of each job, where the job would be performed, equipment used, skills needed and the rate of pay. Students use the associated cards to learn the duties of each job and be able to sort them accordingly. Encourage students to apply for as many jobs as they wish or that they showed an interest in. Applications are completed, turned in and reviewed by classroom staff (teacher, aides, and interns). Students are given call backs and assigned an appointment for an interview. Students are then exposed to an interview process by classroom staff. Once all interviews are completed students can be offered specific classroom jobs based on their skills listed and the results of their interviews. If students accept a position they will be asked to sign a job contract. Student Employees are asked to complete a weekly or bi-weekly self-evaluation of their job performance and are also evaluated by their employer (teacher).
Files Included: 1_Job_Descriptions_Instructions.pdf, 2_Job_Descriptions.pdf, 2_Job_Descriptions_Manual_Signs.pdf, 2_Job_Descriptions_Blank.pdf, 3_Help_Wanted_Now_Hiring_Posters.pdf, Job_Application.pdf, Job_Contract.pdf, 1_Employee_Self-Eval.pdf, 2_Supervisor_Evaluation.pdf,

Clocking In/Out - Each day students clock in/out using an ID Badge you will create for them when they were hired for a specific job, an iPad and a time tracking app. Students can come in, grab their ID Badge, scan it on an iPhone, iPad or iPod Touch to clock in and then scan it to clock out at the end of each day. If they miss clocking in for the day then they will miss that days pay in their weekly paychecks, unless brought it to the attention of their supervisor so that a manual time log can be created. If students are absent from school they also missed a days pay unless you set up your classroom economy to include paid sick leave.

Weekly Paychecks - Each job receives a specific posted hourly rate of pay that can be set up by you. There are a variety of documents in which you can create realistic looking paychecks and to calculate taxes withheld, year to date earnings and withholdings, etc. Students are given an opportunity to learn how to bring their paycheck and ID to the classroom bank to either cash their checks or deposit them into their accounts. In my class, students received their paychecks every Monday for the preceding week. They included detailed current earnings, taxes withheld, and the net amount. The Excel Workbook for paychecks also include areas to track year to date totals in all categories.
Files Included: 2_Excel_Paychecks.xls, 2_Manual_Paycheck.pdf

Banking - To further enhance students' experiences they can be assisted to set up a simulated checking account online. Statements are available to print monthly for student's records to include in their Financial Literacy Binder.
Files Included: Deposit_Slip_Blank.pdf

Budgeting - Students have the opportunity to learn about budgeting for daily living expenses (i.e., rent, water, electric, internet services, phone, supplies, leisure time activities, etc.).
Files Included: Expense_Posters.pdf, All_Expenses.xlsx, Expenses_Electric.pdf, Expenses_Internet.pdf, Expenses_Phone.pdf, Expenses_Rent_Contracts.pdf, Expenses_Rent.pdf, Expenses_Water.pdf, Meal_Cards.pdf

Visual Resumes - There are templates available to assist students in the process of creating their visual resume portfolio binder that they will be able to take with them as a powerful tool when seeking employment. This should be an ongoing process that will grow and change as students gain new skills.
Files Included: Sally_Student_Visual_Resume_Sample.pptx, Sam_Student_Visual_Resume_Sample.pptx
Total Pages
100+
Answer Key
N/A
Teaching Duration
N/A

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Financial Literacy: A Classroom Economy Project for Young Adults
Financial Literacy: A Classroom Economy Project for Young Adults
Financial Literacy: A Classroom Economy Project for Young Adults
Financial Literacy: A Classroom Economy Project for Young Adults
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