Let's Talk Money! Financial Literacy 101

Introduction

How do I balance a budget, save, pay for college and plan for the future? This expedition will equip students with the skills and knowledge necessary to manage money successfully now and when they depart Sora, becoming more independent and financially literate. Moreover, students will gain a deeper understanding of topics surrounding credit, budgeting, and loan fundamentals while applying these concepts to real life scenarios. It is the hope that after this expedition students will find value in budgeting wisely, saving and borrowing with care, and planning for the unexpected when it comes to the future.  

Essential Questions

• Why is it important to save? 
• What are the three basic components of lines of credit? 
• What is the difference between a fixed rate and an adjustable rate mortgage?

Learning Objectives

• To explain how budgeting can help plan for the future and reach financial goals
• To determine personal needs and wants and determine how they play a role in creating a budget
• To use and evaluate the usefulness of budgeting tools for spending, saving and investing
• To create financial goals in order to plan for the future
• To teach financial literacy to middle school students through game play