Lessons and activities to teach important money skills

Financial literacy at all ages of education is very important.  This article will give lesson plans from K-12.  To see the article click here.

If you used an idea from this website then buy Mr H a gatorade :)  Thank you

 

Engage Students with New Resources for Expanding Financial Literacy

 

From Discovery Education, "Help students connect economics concepts to current events with a timely activity examining real-world applications of extreme changes in supply or demand. Students will explore how changes in supply and demand curves impact prices, while an Extension Activity looks at the ways businesses react to and mitigate the risks of such price fluctuations."  To see the website click here  hopefully after checking out my amazon.ca ads below.    If you are making any   amazon.ca purchases  please click on my links below first as I will get a small commission on anything you buy even if it is something else as long as it is within 24 hours.   Thanks.  Remember you can follow me by clicking on the blue follow button above. This post may contain affiliate links that earns me  a commission at no extra cost to you. 

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Discover Venture Valley – helping students build financial literacy and business skills

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According to their website, "Discover Venture Valley empowers students in grades 6-12 to build financial and business basics through a suite of standards-aligned resources and by taking on the role of a budding entrepreneur in the new Venture Valley video game. Discover Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place."

"Venture Valley is a fast-paced multiplayer business-building strategy game where players pit their business savvy against that of others. The game features both competitive esports-style multiplayer play and a single-player campaign with 35 unique missions, giving students both a fun outlet to compete with friends in positive ways and practice entrepreneurship and personal financial skills. Budding entrepreneurs will get to experience the highs and lows of being their own boss but need to keep in mind that along with success comes rivals. Venture Valley is available for free (no in-app purchases or ads) on mobile (iOS and Android) and PC (via Steam). "

To see the webpage click here hopefully after checking out my amazon.ca ads below.    If you are making any   amazon.ca purchases  please click on my links below first as I will get a small commission on anything you buy even if it is something else as long as it is within 24 hours.   Thanks.  Remember you can follow me by clicking on the blue follow button above. This post may contain affiliate links that earns me  a commission at no extra cost to you. 

Do you shop online?  Would you like to get money back?  Rakuten is an awesome site that gives you Cash Back when you shop online. With over 750 stores, including Hudson’s Bay, Indigo.ca, Canadian Tire, Walmart, and Sephora, you get paid to shop for things you’re already buying.  Right now get a $30 Cash Bonus credited to your account and mine when you join today and make a $30 purchase within 30 days!  We both win. Payouts are quarterly.  I downloaded their chrome extension button so when I online shop I won't forget to use Rakuten.

Rakuten Canada $30 welcome cash bonus on sign-up.

If you have Textbooks you would like to sell check this website out.  I highly recommend them.  They even pay for the shipping.  I will get a small commission if you use the above link and it will not cost you anything.

More Timelines by Venngage

Yesterday I posted about a tool for wikipedia timelines.  Today I am posting about a site that has many different templates for making timelines.  You can make historical timelines but they have many others that are business related or could be used for making an infographic.  To see them click here.

What causes an economic recession?

If you are teaching a course in economics, business or similar you might want to use this Ted Ed lesson on recession.  According to their website, "For millennia, the people of Britain had been using bronze to make tools and jewelry, and as a currency for trade. But around 800 BCE, that began to change: the value of bronze declined, causing social upheaval and an economic crisis— what we would call a recession today. So what causes recessions? Richard Coffin digs into the economic fluctuations that affect our modern markets."  To see the website click here.

How does the stock market work? - TED ED

My son asked me how the stock market works as he started his first lawn cutting job this past spring/summer and has some cash now.  This video shows how it works.

The full lesson can be found by clicking here.

If you teach Economics this site might be for you.  Just search the term you need such as "cost benefit analysis" and you will get the videos that pertain to your query.   It will also give you a definition of the economic term searched.  It will list all the shows that have that term.  To see the website click here.  I posted about this site on May 29 2013.  You can see that post by clicking here.

Financial Football

On January 31 2014, I blogged about this site.  With the Superbowl coming up in less than two weeks I thought I might post it again.  You may want to use this in your business class.

To play this game, click here.

Marketing Lesson Plan - Mr. George

Yesterday I posted about some great lesson plans from Mr. George about World History.  Well he is back again.  If you are a business educator and need a marketing lesson plan well this site is definitely for you.  I  like the  20th Century Consumerism unit that Steven George has in the third column.  To see this great site click here.

The Iphone Economy

This article/video from the New York Times  discusses the US's shift from a manufacturing economy.  

To see the article/video click here.

Financial Soccer

This was made for the 2014 FIFA World Soccer in Brazil but still is just as good.  It is produced by Visa and is a multiple choice game.  

To play the game, click here.

Money as You Grow

This site teaches responsible use of money through age appropriate activities.  The site has been selected by the American Library Association as a great website for kids.  This site is designed for ages 3 through adult.  This is a US based site but has many things that can be used in a Canadian classroom.  Click here to see the site.   I particularly like the calculator that shows how long it will take to pay be a given amount using only the minimum payment at a given percentage rate.  To see this click here.

Jump Start - Personal Finance

If you teach personal finance in your business, guidance or mathematics course there is a short reality check where you pop in some things that your students expect to have when they move out into the real world.  It then calculates what they will need to make and the type of jobs that pay around that.  If you are a student you may just want to try this yourself.

click here

Show Business - The Economics of Entertainment

On February 6, 2014,  I posted "Peanuts and Crackerjacks - The Economics of Sports" by Federal Reserve Bank of Boston.  Well this is a similar educational game based on the Entertainment business.  

Unit 1, "Climbing the Charts" is about the music industry and Unit 2, "Another Action Hero" is about the Film Industry as it relates to the economics of international trade and globalization.  Check it out by clicking here.

Financial Football

With the Superbowl this weekend maybe it is time for a little Financial Football.

 This approximately 20 minute long games tests students on financial management.  To see the site click here.

Practical Money Skills for Life also has games such as Soccer. To see this part of the website click here.

20th Century Advertising

This ebook by Dave Saunders  might be a good resource for a business class or possibly an art class as it has many iconic posters.  This ebook is from the  Mohawk College website.  To see the book, click here.

Life on Minimum Wage Game

This game was made by Richard Byrne and according to him "The purpose of Life on Minimum Wage is for students to recognize how difficult it is to save money when your only job(s) pay minimum wage without benefits. To win (prize not determined yet) at Life on Minimum Wage the students have to reach five financial goals that they select. To earn money the students have to complete the tasks of their assigned jobs. The students then have to pay required bills before using money for their selected financial goals. As the game progresses students will be issued "surprise" cards which require them to spend money on things like speeding tickets, trips to a health clinic, and increases in rent.

All of the jobs in Life on Minimum Wage are connected so that if one "business" slows production or closes, the workers of another business are also effected. The goal here is to demonstrate the effects that a business closing has on a small town's economy."

To see the game click here.