K-12 Resources for Teaching Personal Finance April 17, 2013

Presenters Sarah Sannes, Obama Elementary, St. Paul Kaylen Gores and Cheryl Duffy, Sullivan Communication Center, Mpls Jim Eisenreich, Eden Prairie HS Martha Rush, Mounds View HS Rose Petit and David Bratten, Hopkins HS

Run a Bakery and a Store Kindergarten – 2 nd Grade Teaches basic “Flow of the Economy”: when you work at a job, you earn money, then you can buy things. Get “hired” to be a baker Work at your job (baker), using PlayDoh Get paid with play money Buy things at the store

Junior Achievement Classroom-based, Led by Volunteers, K-6 Ourselves (K) – working, earning, saving Families (1) – needs, wants, tools, skills Community (2) – workers, production City (3) – how businesses contribute Region (4) – resources, goods, services Nation (5) – job market, globalization

Junior Achievement More than Money 2 Games – Community and Business Keep track of money with Account Register Make financial choices and see cause and effect BizTown Simulated city where everyone has a job Learn role of worker, consumer, producer Own checkbook and bank account; apply for job Kids LOVE it! Fantastic way to “put it all together”.

Microsociety and JA Biztown Microsociety is a structure under which we run our classrooms. It allows us to bring the “real world” systems into our classrooms in order to educate our students in both academic content and the outside world (and bring it home to their families) Biztown allows us to make the link between school and “real world” even more solid. It provides us with core lessons that helps us set up and frame what with do with our classroom economy that mirrors that of the world. Both systems allow students to do “jobs”, earn money and spend that money. They also make sure that students have to pay for things that they need and want in order to be successful (rent, fines, taxes, extras)

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(FREE ONLINE BANKING SYSTEM, PASSWORD PROTECTED) TIMECARDS APPLICATIONS JOB CHART BLANK CHECKS CHECK BOOK REGISTER PAGES AUCTIONS AND STORES: HOW TO… AND WHERE TO…. Helpful links and resources: available as hardcopies

Resources for High School

Plan for your own future Lifestyle survey Online resources

Financial Fitness for Life Produced by CEE Linked to economics Includes decisionmaking, jobs, taxes, banking, credit and personal investment Hands on activities

The challenges How to translate understanding into behavior Innate self-control v. environment Can delayed gratification be taught? The power of incentives and ‘nudges’

Additional MN Resources for K