Financial Basics — Lesson 401

A World Without Taxes

Students identify sources of state and local tax revenues.  They learn about the various tax forms used by the IRS.  Students then break into teams of four and debate the purpose and benefit of various types of taxes.

What Students Learn

  • What are taxes and the types of services they pay for
  • The importance of the IRS and April 15th
  • The importance of tax planning
  • The use of forms W2, W4, 1040 Schedule C, 1099

Suggested Time

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

Lessons in Financial Basics

Three man at jungle wearing borm
Lesson

Money Math – Who Needs It?

What Students Learn

  • Whether you need to calculate the tip, make change, or grow your savings, it’s all about the math in money.
Group discussion of two woman and a man
Lesson

How to Achieve Your Financial Goals

What Students Learn

  • Learn how to track expenses, control spending, and invest what’s left over to reach your financial goal.
Man looking through the magnifying glass
Lesson

Don’t Blow Your Dough

What Students Learn

  • Biz Kid$ beware! Put your money in a safe place and beware of scams, schemers, and identity theft.
Anchor talking at Biz Kids show
Lesson

Budgeting Basics

What Students Learn

  • The first rule of money management: you can’t manage what you don’t know. Learn how to track expenses to build a better budget.
Woman pointing to set financial goals
Lesson

Are You Financially Literate

What Students Learn

  • Get financially empowered by learning how to set goals, create a budget, save, and manage money.
Anchor asking about allowence
Lesson

Where’s My Allowance?

What Students Learn

  • What can you do with your allowance? Spend, save, share!
Sketch Loan Arranger with hat
Lesson

Take it to the Bank

What Students Learn

  • Learn the difference between banks, credit unions and other financial institutions, and which one is right for you.