Financial Literacy 6th- 8th Grade

Grades 6-8 Financial Literacy Content Standards By the conclusion of grade 8, each student will continue to strengthen their knowledge of financial literacy. Students will learn to examine financial goals, identify risk factors, understand a budget, and explore college and career options.

Grades 6-8 Financial Literacy Content Standards Overview These are new Nevada Academic Content Standards (NVAC)

Financial Literacy Content Standards Financial Decision Making FL.1. Prioritize and evaluate personal financial goals based on needs and wants. FL.2. Investigate consequences of potential financial decisions to make reasoned financial choices. FL.3. Describe the services offered by various financial institutions, and government agencies. Lesson Plan Resources What Do You Think Is Valuable – In class lesson plan relating values to financial priorities. (NextGen) Wants Vs. Needs – In class lesson defining wants vs. needs and discussing real life scenarios. (NextGen) Payback - The game Payback will allow you to think about paying for college and the decisions you make in college that will lead to more or less student debt at the end (NextGen) Try A Real Life Decision - Buy it? Pass it up? Charge it? These are the questions that should occur to you each time you are thinking of buying something. (TheMint.com)

Financial Literacy Content Standards Saving and Spending FL.4. Discuss the components of a personal budget, including income, planned spending, expenses, and saving. Lesson Plan Resources Analyze - Why Save? - In class activity discussing: You have to spend money to make money” is a common phrase that you may have heard before. It might be true for some businesses, but it is not a good rule of thumb to live by personally. Instead, we are going to learn from an unlikely source: insects. (NextGen) Putting Earning, Saving, and Spending Together - This Activity will allow you to connect these three big ideas, uncover your habits as an earner, saver, and spender, and plan to make changes or stay on track for the future. (NextGen) Investigate - Grocery Shopping with Unit Price - In class activity talking about spending habits. (NextGen)

Financial Literacy Content Standards Credit and Debt FL.5. Explain how debit cards differ from credit cards. FL.6. Explain an individual’s rights and responsibilities as a consumer. FL.7. Discuss the cost of borrowing money for different types of goods and services including but not limited to: consumables, vehicles, higher education, and housing. Lesson Plan Resources Why Do Celebrities Go Bankrupt? – In class Activity discussing financial decisions and their consequences (NextGen) Credit Basics – Educator Lesson outline discussing Credit Basics. This lesson plan corresponds with a student activity packet. (Practicalmoneyskills.com)

Financial Literacy Content Standards Insurance, Investing and Risk SS.6-8.FL.8. Investigate ways to prevent and limit the consequences of identity theft and fraud. SS.6-8.FL.9. Explain how some investments differ from traditional savings accounts in potential risks and returns Lesson Plan Resources Introduction to Insurance – An introductory lesson on understanding insurance, terminology, and the different types of insurance. (Moneyinstructor.com) Investing Basics – Student Activity showing the basics of investing. (Practicalmoneyskills.com) Consumer Privacy – an Educator’s guide to discussing consumer privacy. (Practicalmoneyskills.com)

Financial Literacy Content Standards College and Career Preparedness FL.10. Identify college and career options and their effect on income and unemployment. FL.11. Identify important academic requirements for financing postsecondary programs including but not limited to: Governor Guinn Millennium Scholarship Program, Nevada Prepaid Tuition, 529 College savings Programs, etc. Lesson Plan Resources Do You Know the Job Possibilities? – An in-class activities discussing types of job and career options. (NextGen) Nevada State Treasurer – an overview of college savings, grant, and scholarship programs available to Nevada residents.

Financial Literacy Content Standards College and Career Preparedness Cont… FL.10. Identify college and career options and their effect on income and unemployment. FL.11. Identify important academic requirements for financing postsecondary programs including but not limited to: Governor Guinn Millennium Scholarship Program, Nevada Prepaid Tuition, 529 College savings Programs, etc. As part of a project to support the Nevada State Treasurer’s Office, a series of lesson plans and curriculum content was developed specifically for 6-8th Grade Teachers in Nevada, which are listed on the following page.

Financial Literacy Content Standards College and Career Preparedness Cont… Resources for 6-8th Grade Teachers Nevada Saves: Checklists for Middle School Students and Parents Nevada Saves: College or Career? Nevada Saves: Career Exploration Nevada Saves: College Requirements Nevada Saves: Educating Myself Benefits Me Nevada Saves: Nevada College Savings Programs Center for Educational Partnerships: My Middle School Educational Journey State of Oklahoma: Career Interest Survey for Students The College Board: How to make a College Plan

Additional Educator Resources www.ngpf.org - Next Generation Personal Financial – Middle Activities and Educator Guides: Middle School Guide www.foolproofme.com - FoolProof’s Financial Literacy Curriculum FoolProof’s Financial Literacy Curriculum is free, web-driven, highly interactive, and self-grading. Their middle school and high school curriculum was developed with input from teachers, students, and consumer advocates, not with input from marketers. The Mint.org - Financial education resources which include lesson plans, activities and additional resources.

Additional Resources Junior Achievement - (you usually need to find a corporate sponsor/partner) Volunteer-delivered, kindergarten-12th grade programs foster work-readiness, entrepreneurship and financial literacy skills, and use experiential learning to inspire students to dream big and reach their potential. Andson - Created a Learning Management Platform which allows educators to access all state required financial literacy curriculum including lesson plans, in-class activities, and take-home projects. The annual educator membership is $150. Nevada Council for Economic Education -NVCEE promotes economic education by developing and conducting teacher and community education programs in collaboration with existing organizations and networks.