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.