Extra Credit (Spring 2006)

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Money Talks

Securing your (and your students’) financial future

jars of moneyTeachers understand that saving is important to one’s financial future and to the U.S. economy. But knowing where and how to save and invest money can be confusing given all the choices available in the marketplace. With a little help from the Federal Reserve, teaching personal finance topics related to money management can be easy and fun.

The Federal Reserve has a variety of free materials designed to help people better understand and teach money management. Among the publications that might be useful to individuals or a classroom are:

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High school activity (meets national standards)

Laying tomorrow’s foundation today
Learning and teaching about saving, investing, and building wealth are important because they are key to financial independence. Helping students to better understand the impact of their spending and saving decisions transforms them into educated consumers. According to the National Endowment for Financial Education 2003–04 Impact Evaluation, as little as 10 hours of personal financial education positively affects students’ spending and savings habits.

A timely topic
April is Youth Financial Literacy Month, and “Teach Children to Save Day” is April 25, 2006. This day presents an excellent opportunity to incorporate personal finance topics into classroom activities. Check out the “The Savings Search” activities that accompany this article, and start now to secure students’ financial future.

By Jackie Morgan, economic and financial education representative, Nashville Branch