Learning how to balance a budget and manage credit are both crucial life skills. Prepare your students to handle their finances with the following resources:
The Math in Daily Life interactive, “Savings and Credit,” explains how interest works and how to manage credit card use.
Connect students to meaningful economic experiences using the activities in The Economics Classroom, program 4, “Learning, Earning, and Saving.” Use “The Chessboard of Financial Life” activity to illustrate the power of compound interest. Start at 28:20 in the video and find lesson resources. This program also includes a stock market simulation activity.
Teach students factors that influence consumer behavior, and how consumer behavior affects supply and demand using unit 3 of Economics U$A: 21st Century Edition.