Personal Finance for Teens Basic Financial Literacy
In this 8 week class on personal finance for teens, we will cover a different financial topic each week. Financial literacy is a vital topic to learn at a young age, but unfortunately, it is not often taught in school.
Glenn Martin M.Ed Credentialed Teacher
Average rating:
5.0
Number of reviews:(4)
What's included
8 live meetings
6 in-class hoursHomework
1 hour per week. 1-2 throughout the classProgress Report
includedClass Experience
US Grade 9 - 12
Beginner Level
Dear Students and Parents, During this course, we will explore a variety of personal finance topics, including but not limited to saving vs investing, renting vs buying a home, Inflation, taxes, and many more. While the structure of each class will be similar, the content covered each week will be entirely different. This Personal Finance class covers a range of financial topics to improve financial literacy. Each week, a different topic will be discussed. A short video may be shown to help learners understand what the topic is all about and how it is important. Next we will discuss an give real life examples of each topic with interaction throughout the lesson. Students will participate in discussions and activities focused on the topic of the week. Whether it's understanding the stock market, learning how to create a budget, or managing debt, this class will provide students with valuable knowledge to make informed financial decisions in their lives. Ultimately, our goal is for students to gain a solid grasp of the financial concepts covered each week.
Learning Goals
Financial Literacy Foundation: Develop a comprehensive understanding of basic financial concepts including saving, investing, and the differences between various financial products and services.Effective Financial Decision-Making: Learn to evaluate and make informed decisions regarding credit and debit card usage, housing options, and vehicle purchases based on personal financial goals and needs.
Syllabus
8 Lessons
over 8 WeeksLesson 1:
Saving vs. Investing
Understand the differences between saving and investing.
Identify scenarios when saving is more appropriate than investing.
Evaluate the risks and rewards associated with both saving and investing.
Learn how inflation affects savings and investments.
Develop a personal strategy for balancing saving and investing. 45 mins online live lesson
Lesson 2:
Credit and Debit Cards
Understand the key differences between credit and debit cards.
Learn about the advantages and disadvantages of using credit vs. debit cards.
Identify how credit cards can impact your credit score.
Understand fees, interest rates, and rewards associated with credit cards.
Develop strategies for using credit and debit cards responsibly. 45 mins online live lesson
Lesson 3:
Renting vs. Buying a House
Understand the financial implications of renting vs. buying a house.
Evaluate the pros and cons of renting and buying.
Learn how to calculate the total cost of renting and buying over time.
Understand mortgage options, down payments, and closing costs.
Develop criteria to determine which option is best for personal circumstances. 45 mins online live lesson
Lesson 4:
Insurance Types and Purpose of Insurance
Identify the different types of insurance (health, auto, life, etc.).
Understand the primary purposes and benefits of each type of insurance.
Learn how insurance premiums, deductibles, and copayments work.
Evaluate the necessity of different types of insurance based on life circumstances.
Develop a plan to determine which types of insurance are most important. 45 mins online live lesson
Other Details
Supply List
All material will be provided
External Resources
In addition to the Outschool classroom, this class uses:
Sources
Bureau of Labor and Statistics bls.gov
Investopdeia.com
Joined March, 2023
5.0
4reviews
Teacher expertise and credentials
2 Teaching Certificates
California Teaching Certificate in Secondary Education
California Teaching Certificate in Elementary Education
I have a Masters Degree in Educational Technology from Azusa Pacific University and am fully credentialed in both the elementary and secondary levels. I have over 20 years of public school teaching experience and am a small business owner. I am a fully licensed California Real Estate agent and have 12 years investing experience. I have taught personal finance classes at both the secondary and college level.Reviews
Live Group Course
$15
weekly1x per week, 8 weeks
45 min
Completed by 6 learners
Live video meetings
Ages: 12-17
3-7 learners per class
