Financial Basics — Lesson 106

Taking Charge of Your Financial Future

Students play a card game with 'Financial Goal Cards' and 'Opportunity Cards', where they travel to various stations in class, making decisions that help them reach a financial goal.

What Students Learn

1. Setting financial goals is important to achieving financial success

2. To achieve financial goals one must consider:

  • Opportunity costs
  • Immediate vs. delayed gratification
  • How to prioritization spending decisions

3. Achieving financial goals can be done in small steps over a long period of time

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30-45 minutes
Middle School Lesson Plan Spanish Lesson Plan

Young Entrepreneur: Bea's Beauty Bar

Clips for this Lesson

Young Entrepreneur: Bea’s Beauty Bar
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Young Entrepreneur: Art by Christian
Exiciting face of a smart kid
BK Hosts: Be SMART With Money
Animation of a girl face
Capitalist Peg: Opportunity Cost

Lessons in Financial Basics

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  • Learn how to track expenses, control spending, and invest what’s left over to reach your financial goal.
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  • 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.
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Are You Financially Literate

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  • Get financially empowered by learning how to set goals, create a budget, save, and manage money.
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  • What can you do with your allowance? Spend, save, share!
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Take it to the Bank

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