15 Websites to Teach Financial Literacy
Ask
A Teacher: 4.06.2020 by Jacqui
When kids read that America’s $23 trillion+
debt is accepted by many experts as ‘business as usual’, I wonder how that news
will affect their future personal finance decisions. Do they understand the
consequences of unbalanced budgets? The quandary of infinite wants vs. finite
dollars? Or do they think money grows on some fiscal tree that always blooms?
The good news is: Half of the nation’s schools require a financial literacy
course. The bad new is: Only half require a financial literacy course.
If your school doesn’t teach a course
about personal economics, there are many online sites that address the topic as
mini-lessons. Some are narrative; others games. Here are fifteen I like. See if
one suits you:
Banzai is
a personal finance curriculum that teaches high school and middle school
students how to prioritize spending decisions through real-life
scenarios and choose-your-own adventure (kind of) role
playing.
Age group: Upper elementary
This game-based website covers budgeting,
needs vs. wants, savings vs. checking, credit, banks, and where money comes
from.
Age group: Upper elementary, middle and
high school
Put out by MIT, Living Wage
Calculator estimates the cost of living in your community or region. The
calculator lists typical expenses, cost of living, and typical wages.
iOS Apps
Because more often than not, 18-24 year
olds are on a mobile device rather than a computer, here are six apps that can
be played from anywhere:
Bankaroo –
Using this free virtual bank for kids, students learn to manage their allowance
while saving for goals. To track learning, they earn badges for their
accomplishments. This app works on desktops as well as mobile devices.
Motion Math – As
students struggle to run their own pizzeria, they must balance budgets, think
proportionally, buy ingredients, design the pizzas, and sell to customers. The
app also includes which Common Core Math Standards are addressed by the
gameplay.
Savings
Spree — Students learn how the choices they make each day can add up
to big savings or expenses depending on their spending decisions. Kids see
how they can save for short-term goals while investing for future needs.
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