Finances have always been an essential part of our lives, and with the right knowledge, we can use it properly. But unfortunately, we live in a sad reality where not only adults but and children don’t know how to manage their budget and, as a result, don’t have financial literacy.

Of course, kids are financially dependent on their parents, and that’s why the middle schools offer an opportunity to help them to make the first step toward a robust foundation of financial literacy.

So, this article provides great online financial literacy plans for middle school.

Financial Literacy Rules

1. Costs and savings

Most of the teenagers think that they are independent whey they spend money on their needs. Adults, unfortunately, can’t buy everything they want because they have to cover different necessities.

Key Points

Right budget. Budgeting is a crucial financial literacy skill for all stages of life. And it’s also a skill that middle-school-age kids can easily put into practice. They need to write the budget and decide how to spend it.

Cost-saving. Middle-school-age children need to understand that saving isn’t a chore. Such conservation provides them with money to make large purchases they couldn’t afford.

2. Employment gives money

We should work to get the money. The career that we choose has a significant impact on our revenue, and for that reason, it’s essential to be strategic when deciding on it. Choosing the right career is necessary for students since it gives them knowledge and information about it and helps to set the right goals.

Key Points

Education. The level of education affects people’s potential income.

Career vs. a job. A career is an extended period. And an appointment is usually short-term and requires fewer skills.

3. Great financial decisions

Decision-making is a crucial skill, especially when it comes to money. You need to make only thoughtful decisions.

Middle-school-age children need to start with two financial decision concepts: comparison shopping and opportunity cost.

Key Points

Comparison of shopping. A comparison of shopping is a vital finance skill. Try to teach students to research products before making a purchase.

Opportunity cost. This concept explains that money used for one purchase comes at the expense of making other purchases.

Personal Financial Literacy Lesson Plans

1. Scholastic

Scholastic is a massive source of educational materials for kids of any age.

The Scholastic financial literacy lessons created based on the mathematics section. It offers various experiences that are divided into different grade ranges (kindergarten to 2nd grade, 3rd to 5th grade and 6th to 8th grade).

The finance lesson plans for middle school focus on two main ideas:

  • Cost-saving;
  • How to evaluate purchases.

Each lesson comes with lists of unique materials. Also, it provides a step-by-step implementation plan to integrate these lessons with the current curriculum.

2. VISA and money skills

Since VISA is one of the major credit card companies, it can easily teach everyone on the practicalities of personal finance.

VISA offers a financial education program through its Practical Money Skills brand. It provides a strict examination of money skills and credit, which is perfect for younger students.

Like Scholastic, the lessons from Practical Money Skills are divided into different grade levels.

Besides, it has individual teachers’ guides, student activities, and PowerPoint presentations for many lessons.

3. The Piggy Bank Primer

It’s a story and exercises for students in grades 3 to 5. These lessons show kids different basic economic concepts like saving, budgeting, investing, and other important knowledge.

4. National Education Association

It’s a sizeable American foundation that includes millions of people across all 50 states.

The organization has lessons for middle school. It includes grades 6, 7, and 8 and is focused on two crucial questions:

  • Why do people use money?
  • What can I afford?

These questions help students to understand why we use the money to standardize trade and place it in the context of affordability.

5. You’re Hired

This lesson includes activities between 3rd-grade students and 5th-grade students. The kids are engaged in a different playing activity and can act as job applicants while older students fill the role of the hiring manager. In this way, they can understand the importance of education to achieve career goals.

Your money = your success

As you can see, financial literacy plays a vital role since it ensures us with the knowledge and skills to effective money management.

Most of the people think that they don’t have enough money to retire comfortably because of the credit, car rent and other problems. Remember that you can always take fast cash loans at LeadGenius.

Moreover, today, many consumers have very little understanding of finances and how it can affect their financial well-being. So that’s why financial literacy is still crucial for our day to day life and work. It guarantees that we can use money and other resources correctly without any issues and be happy in our retirement age.