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Sailing Toward Financial Success
Sailing Toward Financial Success
Financial Education For Teachers, Counselors, and Administrators
Financial Education For Teachers, Counselors, and Administrators
Use Limitations. These materials are intended for non-commercial educational and instructional use only. These materials may not be used in connection with any sale, advertisement, endorsement or promotion of any service, product, person or business and may not be commercially published, sold or offered for sale.
Workshop GoalsWorkshop Goals Learn how financial education can help GEAR
UP students succeed.
Address obstacles to delivering personal finance education.
Gain basic personal finance skills and knowledge.
Find out about other resources and upcoming projects to teach financial education.
Learn how financial education can help GEAR UP students succeed.
Address obstacles to delivering personal finance education.
Gain basic personal finance skills and knowledge.
Find out about other resources and upcoming projects to teach financial education.
Harnessing the Winds of (Good) Fortune
Harnessing the Winds of (Good) Fortune
Who Wants to Be a Millionaire?Who Wants to Be a Millionaire?
Objectives: Grasp the relationship between time and the
growth of money. Appreciate the awesome power of compound
interest — for better (savings) and for worse (debt)
Recognize the possibility of becoming a millionaire by using only basic financial skills.
Objectives: Grasp the relationship between time and the
growth of money. Appreciate the awesome power of compound
interest — for better (savings) and for worse (debt)
Recognize the possibility of becoming a millionaire by using only basic financial skills.
Who Wants to Be a Millionaire?Who Wants to Be a Millionaire?
Age 17 20 30 40 50 60
Age 17 20 30 40 50 60
Monthly Savings $100 $126 $286 $671 $1,698 $5,466
Monthly Savings $100 $126 $286 $671 $1,698 $5,466
Sailing Against the Winds of (Mis)Fortune
Sailing Against the Winds of (Mis)Fortune
The High Cost of Compound InterestThe High Cost of Compound Interest
Balance Monthly Payment
Time Total Payment
$333 $10 47 months $464.90
$1,000 $30 10 years $1,798
$5,000 $150 18.8 years $9,799
Plugging “Leaks”Plugging “Leaks”
Participants will:
Identify their personal spending “leaks”
Learn ways to reduce spending by listening to the experiences of others.
Participants will:
Identify their personal spending “leaks”
Learn ways to reduce spending by listening to the experiences of others.
Financial Scavenger HuntFinancial Scavenger Hunt
How safe is your money?
How safe is your identity?
What do you do to save money?
How safe is your money?
How safe is your identity?
What do you do to save money?
100 100
200
300
400
500
100100 100 100100 100 100 100
200 200 200 200
300 300 300 300
400 400 400 400
500 500 500 500
100 100 100
My Education My FutureMy Choices Earning & SavingSpending &
Banking
Money Skills for Real Life Game
The Answer is:
Number of hours of work at $7 per hour that it takes to buy a $98 pair of shoes.
The Question is:
What is 14 hours? (14 x 7 = 98) Actually it will take more time, because you must earn $98 after taxes.
Engaging Your Students: Hook, Line and Sinker
Engaging Your Students: Hook, Line and Sinker
Designing Effective LessonsDesigning Effective Lessons A Good “Hook”: Sets a goal and
connects with background knowledge and experience
A Strong “Line”: Pulls the group to a new level of understanding
A Solid “Sinker”: Lets the lesson “sink in” and apply to other contexts
A Good “Hook”: Sets a goal and connects with background knowledge and experience
A Strong “Line”: Pulls the group to a new level of understanding
A Solid “Sinker”: Lets the lesson “sink in” and apply to other contexts
ReviewReview
Today we explored: The positive and negative power of
compound interest The importance of plugging our
financial “leaks” How to keep our money and
identity safe.
Today we explored: The positive and negative power of
compound interest The importance of plugging our
financial “leaks” How to keep our money and
identity safe.
Additional ResourcesAdditional Resources
www.smartaboutmoney.org www.nefe.org www.edpartnerships.org www.gearup-moneyskills.org/
www.smartaboutmoney.org www.nefe.org www.edpartnerships.org www.gearup-moneyskills.org/
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