Money Smart Teens: How to Create a Spending Plan to Manage Money
A 4-week financial literacy course that thoroughly explains the steps needed to create a proper spending plan that will enable learners to manage money (a.k.a budget), overcome obstacles, and successfully achieve financial goals. #superstar
Aspire Learning Academy
Average rating:
4.9
Number of reviews:(83)
What's included
4 live meetings
3 in-class hoursClass Experience
In this 4-week class, teens will learn how to develop a Spending Plan to manage their money. Some people call it a Budget, but I call it a Spending Plan because it has a positive connotation, therefore being more effective and giving learners control over their finances instead of letting their finances control them. We will begin by discussing what a Spending Plan is and why it's important to implement one. Then learners will have the opportunity to use their math skills to calculate income and expenses. Next, learners will work together during class to create a plan based on a sample scenario. Finally, learners will review how to make their plan work and what to do when unexpected events happen that may cause a problem with their plan. I will use a variety of methods to guide learners during class, which includes real-world examples, short video clips, and group discussions. Learners will be encouraged to participate during class and will be expected to complete assignments after each class. The skills learned in this class will help learners be confident that they can have a great financial future. Below is a breakdown of what we will cover during this class: Week 1: Spending Plan Week 2: Calculating Income and Expenses Week 3: Create the Plan Week 4: Make the Plan Work NOTE: Class time is approximate, depending on the amount of student participation. Contact me to schedule if you have a group of at least 4 learners to take this class live. There is a flex version of this class https://outschool.com/classes/money-smart-teens-how-to-create-a-spending-plan-to-manage-money-flex-ORemu8v2
Learning Goals
Students will learn how to create a monthly Spending Plan (a.k.a budget) and how to use it to effectively manage their money to prepare for emergencies and to achieve their goals.
Other Details
Parental Guidance
YouTube and Google Slides are used during class in screen share view only.
External Resources
In addition to the Outschool classroom, this class uses:
Joined June, 2022
4.9
83reviews
Teacher expertise and credentials
From 2001 to 2003, I attended DePaul University in Chicago, IL. My major was Finance in the School of Commerce. The courses I completed include Business Calculus, Accounting, and Economics.
From 2013 to 2015, I was employed as a Certified Pre-Purchase Housing Counselor. Below are some of the certifications I received during that time:
- Closing the Financial Literacy Gap through Student Loan Counseling
- Delivering Effective Financial Education
- Financial Management: Building Competency in Housing Counseling
- FreddieMac Credit Smart
- Homebuyer Education Methods: Training The Trainer
- Homeownership Counseling Certification: Principles, Practices and Techniques
- Mortgage Lending Fundamentals for Homeownership Professionals
- Mortgage Math Made Simple for Homeownership Professionals
- National Industry Standards for Homeownership Education and Counseling Code of Ethics and Conduct
- Understanding Credit Reports and Credit Scoring
- eHome America Homebuyer Education Course
The training I received taught me to review credit reports and focus on areas that needed improvement. I was also taught how to teach others effective ways to utilize a Spending Plan to review income vs. expenses. Through the use of a Spending Plan, I taught clients how to take control of their finances by removing unnecessary expenses to pay off debt and save for an emergency fund, maintenance fund, and down payment on a house.
From the year 2015 to the present, I have been an active licensed Real Estate Agent. I have held a license in Illinois, Wisconsin, and Texas. The courses I have to take to get licensed include finance, specifically how to calculate principal mortgage payments, interest, taxes, and insurance. Every 2 years, I must take continuing education classes to renew my license. In those continuing education classes, I have taken courses in finance.Reviews
Live Group Class
$60
for 4 classes1x per week, 4 weeks
45 min
Completed by 9 learners
Live video meetings
Ages: 15-18
4-12 learners per class
