Lesson 302

Wheel of Misfortune

Students identify a list of financial misfortunes and map them on paper in the shape of a wheel.  They then brainstorm a list of sound financial practices that can prevent or fix the misfortunes, also in the shape of a wheel.

What Students Learn

  • The most common types of financial mistakes:  overspending, no financial plan, credit card debt, no emergency fund, no insurance, and lack of retirement planning.
  • How to avoid the mistakes by having a financial plan and sticking with it.

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30 minutes

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