Tag Archives: personal finance

September 28, 2016

Fall into Savings: How to Start Your Students on the Right Financial Foot

The sun is still shining and the feelings of summer are lingering, however, slowly but surely, the signs of fall are creeping in as everyone heads back to the classroom. Chances are most of your students spent at least part of the summer hard at work, whether it was tutoring, scooping ice cream, working retail or just mowing their parents’ lawns. Regardless, they likely did something to stir up some spending money. Below are some financial literacy lessons to impart to your students, advising them on how stretch their summer earnings as far as possible.

1.Evaluate your spending – It’s important that students carefully evaluate their spending. Complete an exercise with your students to walk through their weekly spending. This exercise should call out any bad spending habits – like that every day after school slice of pizza – that are hurting their finances.

2. Make a budget – At the core of every successful financial plan is a solid budget. Work with your students to make a budget for the school year, considering those big spending moments such as the holidays, birthdays and other events. Estimate how much they can spend each month, based on how much they’ve earned this summer, to help them make the most of their hard earned summer paychecks.

3. Save – High school students may feel it’s too early to start thinking seriously about saving, but an important lesson in financial literacy is that it is truly never too early. The financially trying days of college will be upon your students before they know it, so encourage them to put away a little money now – they’ll thank you later!

4. Grow your earnings – Even the strongest budget could benefit from some extra funds to work with. To close out this lesson, encourage your students to explore ways to earn money during the school year, every experience earning and dealing with money only improves their financial literacy skills!

If you enjoyed this piece, you’ll also enjoy reading about results and advice from real teachers who’ve taught financial literacy.

August 1, 2016

Financial Literacy: Results and Advice from Real Teachers Who’ve Taught it

By now we are all well aware that financial literacy has endless benefits for students. According to data from the Financial Industry Regulatory Authority’s Investor Education Foundation, high school students who are required to take personal finance courses have better average credit scores and lower debt delinquency rates as young adults. Read more

January 25, 2016

A Year-Long Budget

budget photo

As the New Year kicks off, your students’ (and your) bank accounts might be feeling a bit bruised from this year’s holiday spending. With this in mind, we’ve developed a year-long approach your students can use to structure and maintain a budget this year. It’s important to remind students that if they take the time to build a budget, and stick to it, come 2017 they’ll have savings in the bank! See below for a month-by-month guide you can share with students to help them on this year-long assignment. Read more

September 10, 2015

Personal Finance in the Classroom

How can teachers make personal finance fun and engaging in the classroom? We reconnected with Krissy Lawrence, the Pathway to Financial Success grant awardee, business teacher and director of the Hamburg Academy of Finance Program at Hamburg High School in Buffalo, New York to find out what she has planned for the upcoming school year. Read more

February 11, 2015

How to Recover from the Holiday Spending Blues

budget photo

It’s the time of year when forlorn Christmas trees are littering the sidewalks and the twinkly glow of holiday window displays have long since faded. While the festive decorations may have been removed, the bills from holiday purchases and festivities may still be lingering. If you went a little overboard with holiday spending this year, you are not alone.   Read more

September 5, 2014

Matthew Towson Speaks with Leading Financial Resource, Mint.com, about Pathway to Financial Success Program

Recently, award-winning finance and budget-tracking site Mint.com started the Personal Finance Interview series where experts help Mint’s 10 million visitors and readers better understand personal finance and learn industry tips and insights. This month, the series shines the spotlight on Discover’s, Matthew Towson, Senior Manager for Media Relations and Community Affairs, and the Pathway to Financial Success program. Through Pathway, Discover has been raising awareness about the need for financial education in the classroom, and providing grant to US public high schools to implement or enhance financial education programs. Mint.com’s series was a perfect opportunity to continue building awareness and engaging others in the discussion. 

While Pathway supports financial education in schools, Towson also details ways parents can teach important financial lessons to their kids from everyday purchase habits to saving for college. And, if you’re curious how previous grant recipients have benefitted from the Pathway funding, Towson shares inspiring success stories about students understanding the importance of financial literacy in their lives and to their future.

 For the full interview with Towson, see Mint.com’s article here: Interview with Matthew Towson on Pathway to Financial Success for Mint

August 13, 2014

Why Kids Today Can’t Afford to Miss Learning About Money in School

Did you learn about money in school? Likely not. How would your life have been different if you had learned the basics of personal finance before you were out on your own? Clearly today’s world is much different than it was when we were kids, or even five or ten years ago. People didn’t used to spend money they didn’t have.  Read more

April 1, 2014

How to Save

Was one of your New Year’s resolutions to save more money in 2014? How are you tracking against your goals? If you’re not quite as far along as you had hoped to be by now, don’t worry.Longer days and warmer weather mean spring is upon us and National Financial Literacy Month (April) is just around the corner.

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