Become a Money Master: Personal Finance Camp for Teens
In this dynamic, five-day class, students will gain essential skills to manage their finances effectively now and in the future. Topics covered include understanding bank accounts and credit cards, deciphering paycheck details, and more!
Mrs. Kim
Average rating:
4.8
Number of reviews:(5)
What's included
5 live meetings
4 hrs 35 mins in-class hoursAssignments
2-4 hours per week. 3-6 throughout the classProjects
1-2 throughout the classCertificate of Completion
includedClass Experience
US Grade 8 - 11
Beginner - Advanced Level
This course is designed to empower teens with essential financial skills to navigate their financial futures confidently. Students will learn practical strategies for budgeting, managing income and expenses, banking essentials, responsible credit card use, understanding credit scores, and introduction to investing—all crucial aspects of personal finance crucial for their future success. The topics covered include: *Budgeting fundamentals: Creating and managing a personal budget. * Understanding income and taxes: Reading and managing paychecks effectively. * Banking essentials: Savings and checking accounts, interest rates. * Responsible credit card use: Benefits, risks, and building good credit. * Introduction to investing: Types of investments, compound interest basics. *Credit scores: Factors affecting scores and strategies for improvement. The class is structured into five interactive sessions, each 55 minutes long, covering one topic per session. Sessions are designed to be engaging and informative, ensuring students grasp key concepts through practical activities, discussions, and real-life examples. I employ a dynamic teaching approach that combines presentations, hands-on activities, interactive discussions, and case studies. Lessons are designed to cater to different learning styles, ensuring all students can actively participate and apply their knowledge in practical scenarios. My teaching style is interactive and student-centered, focusing on fostering a supportive learning environment where questions are encouraged, and students actively engage with the material. I emphasize real-world application, ensuring students understand not just the "what" but also the "why" behind financial concepts. Students will interact extensively with me through various methods: * Lecture: Brief presentations to introduce key concepts. * Games and Activities: Interactive games and simulations to reinforce learning. * Slides and Video Clips: Visual aids to enhance understanding of complex topics. * Discussion: Structured discussions to encourage critical thinking and application of knowledge. Throughout the course, I will also provide personalized feedback and guidance to each student, ensuring they develop a solid foundation in financial literacy that they can confidently apply in their daily lives.
Learning Goals
Students will learn to create and manage a personal budget effectively.Students will understand how to read and manage their paychecks, including deductions.
Syllabus
5 Lessons
over 1 WeekLesson 1:
Introduction to Personal Finance
In this foundational lesson, students will be introduced to the essential concepts of personal finance and budgeting. Through interactive discussions and activities, they will explore their own financial goals and challenges. The lesson will cover the basics of budgeting, including understanding income sources, differentiating between expenses, and the importance of saving. Students will actively participate in creating a sample budget for a given scenario. 55 mins online live lesson
Lesson 2:
Understanding Income, Taxes, and Paychecks
This lesson focuses on equipping students with the necessary skills to read and manage their paychecks effectively. They will learn about the components of a paycheck, including and deductions such as taxes and benefits. Students will calculate their take-home pay after deductions, gaining practical insights into budgeting with real-world financial constraints. Discussions will emphasize strategies for maximizing income through education and for students to make informed financial decisions. 55 mins online live lesson
Lesson 3:
Banking Essentials: Savings and Checking Accounts
In this session, students will delve into the fundamentals of banking, like savings and checking accounts. They will learn the differences between these accounts, including features such as interest rates and transaction capabilities. Students will simulate opening mock savings or checking accounts online, gaining practical experience in managing basic banking operations. Discussions will highlight the importance of saving for both short-term and long-term financial goals. 55 mins online live lesson
Lesson 4:
Using Credit Wisely: Credit Cards and Credit Scores
This lesson educates students on the responsible use of credit cards and introduces them to the basics of credit scores. They will learn about the benefits and risks associated with credit cards, including interest rates and fees. Students will analyze scenarios to differentiate between responsible and irresponsible credit card use. The session will also cover factors that influence credit scores. By understanding these concepts, students will be equipped to make informed decisions. 55 mins online live lesson
Other Details
Learning Needs
Yes, this class can support unique learning needs! I incorporate multi-sensory learning techniques, such as visual aids, interactive activities, and hands-on practice, as well as flexible pacing, clear and concise instructions, and breaks.
Parental Guidance
No parental guidance is needed during the class, but parents are encouraged to work with their students afterward to ensure they utilize the class time effectively and apply what they've learned.
Pre-Requisites
This class does not require any prerequisites.
Supply List
For this budgeting camp, learners will not need any specific supplies beyond a notebook or paper and a pen or pencil to take notes and participate in activities. All curriculum materials and resources will be provided by the instructor.
Language of Instruction
English
External Resources
In addition to the Outschool classroom, this class uses:
Sources
For this course, the curriculum draws upon a variety of reputable sources such as educational websites (e.g., Investopedia, Consumer Financial Protection Bureau), practical guides on personal finance (e.g., "Personal Finance for Dummies" by Eric Tyson), and articles from financial institutions (e.g., Wells Fargo, Bank of America) that provide accurate and accessible information relevant to the topics covered.
Teacher expertise and credentials
I bring over a decade of hands-on experience in the personal finance sector, where I've worked closely with entrepreneurs and small businesses dedicated to helping consumers achieve financial stability by paying off debt and building savings. My insights have been shared through reputable publications such as Chime, Credit Sesame, and Due.com, where I've contributed articles aimed at empowering individuals with practical financial advice.
In my personal journey, I've successfully managed to pay off significant debts, including credit cards and student loans, and achieved financial milestones such as purchasing cars outright—all while supporting my family on a single income. These experiences have not only honed my expertise in budgeting, saving, and investing but have also deepened my understanding of the challenges individuals face in managing their finances effectively. My main goal is to teach students how to avoid the mistakes I, and many others my age, have made over the years with our finances.
I am passionate about sharing this knowledge to empower teens with essential financial literacy skills. Through interactive and practical lessons, I aim to equip students with the tools and insights they need to navigate their financial futures confidently, from budgeting basics to understanding credit and starting their investment journey.Reviews
Live Group Course
$60
for 5 classes5x per week, 1 week
55 min
Completed by 16 learners
Live video meetings
Ages: 13-17
2-8 learners per class
