Component 2 Digital Learning

This school is a title one school serving more than 400 students. Out of this student population, 85% of students are economically disadvantaged. The school also serves students with disabilities (31%) and English language learners (6%). The dominating ethnicities are Black or African American (51%) and Hispanic or Latino (40%). This is an ICT fourth grade classroom with around 25 students between the ages of eight through ten. There are two teachers in the classroom, one specializes in special-education and the other in elementary-education. The students learn best through logical/mathematical, verbal/linguistic, bodily/kinesthetic, and interpersonal activities. Most of the students in the classroom are visual learners. Therefore, organizers, timelines, and artistic activities benefit their learning the best.

This personal finance paper will concentrate on the insufficient amount of guidance that is available concerning student loans. The purpose of this paper is to illustrate how prospective and current college students are ill prepared in their education and understanding of student loans. Three major issues that will be outlined in this paper include the large majority of college students are no longer able to pay for college out of pocket due to the rising costs, the effect that national debt has on students degrees, and finally the lack of early financial education to make crucial decisions. Strategic recommendations these issues include for students to

Even with these changes some may still doubt why these classes are important, but here are a few statistics about the financial literacy of today’s adults. According to Caitlin Blake of Concordia University, “Only 39% of adults make budgets and track their spending.” and “32% of adults do not save a portion of their annual income.” (Blake) These statistics show that a growing number of adults either don’t use, or haven’t acquired the skills needed to be financially wise. Even with these numbers still being a minority at the moment, a possible outcome in the future could be a majority of adults struggling to manage personal finances. Though many schools still do offer courses to teach these types of skills, many do not require them past middle school. With these classes still being electives, they are still highly susceptible to being eliminated from schools course offerings and, students opting not to take them. Now off the topic of financial literally or; therefore, the lack of, we now move on the topic of

In an article written by Jonathan Burton titled “What Teens Need to Know About Money; How to Have That ‘Big Talk’ About the Financial Facts of Life” the author is a supporter of getting credit cards in the hands of the young generation. About 35 percent of bankruptcies filed are from people younger than 35 years old (56). The author has the idea that by giving the younger generation credit cards now can help save them from bankruptcy by teaching them how to manage their money. Many people going into debt due to the fact they simply do not understand how a credit card works or how to manage their spending. Teaching the younger generation how to manage money with a credit card can save them from being in poor financial circumstances in the

The article “8 Financial Tips For Young Adults “ was written by Amy Fontinelle, a financial journalist and editor of websites, public policy organizations and books publishers. The author has written the definition of several hundred financial terms for Investopedia’s online dictionary as well as in depth tutorials on budgeting, banking and home buying. In addition, Amy Fontinelle has extensive experience editing corporate documents, public policy papers and articles,

Lakewood Public Library is located right outside of Cleveland and within a short drive to the Federal Reserve Bank’s Money Museum. We plan to partner with the Money Museum for a program called Great Minds Think: Time to Think About Money. This free, interactive financial literacy presentation uses critical thinking to help youth learn how to make their own financial decisions. The presentation discusses making smart money choices in budgeting, saving and spending. Students will increase their understanding of the importance of careful thinking when making financial decisions. Program attendees also receive a copy of the Federal Reserve Bank of Cleveland’s award-winning booklet, Great Minds Think: A Kid’s Guide to Money, an interactive workbook

When were young, the only thing that runs to our mind is being rich in were them we can buy our dream house and dream car. However, before one can even take that last step,there is more than just wasting money. During this marking period I gone through more into depth on on what financial literacy is all about when it comes to the real world. To me financial literacy is being to understand how to earn, invest, protect and save their money in the correct way. In the real world . It is easy to spend money left and right when there are various things that catches on attention. With money one needs to make good decisions and take responsibility. Just because you have a good amount of money saved in your bank account, it doesn’t mean that it should

While taking the personal finance course this past spring, I learned many valuable lessons that will greatly assist me throughout my life. One lesson I learned is the importance of paying yourself first. To put this into action, I will save money in an emergency fund to have enough money to live comfortably for 3 to 6 months, in case of emergency. Furthermore, this course has taught me the importance of budgeting. Using budgeting, I will make a plan for my money, so I can avoid over drafting and bouncing checks. Another lesson personal finance taught me is to pay all bills and loans on time to develop a good FICO credit score, which is what companies use to evaluate the risk of loaning to an individual. Knowing this information will help me

Financial literacy has many short-term and long-term positive effects on people in America. If this curriculum is being taught in high school, young adults will have better comfort and understanding of financial matters, which will lead to better financial decisions (Bernheim, Garrett, Maki). Researchers did a national survey called The

This program is developed by ASIC (Australian securities and investment commission) in collaboration with educational authorities. It is one of the Australian government’s financial literacy education program for primary, secondary students and teacher’s it is one of the program of National significance which utilise financial literacy as a main conetct of learning in Australian curiculum. It builds the capacities of students and teachers in relation to major five financial principles including planning, spending, saving, donating and investing. It also provides the high quality of teaching personal and professional development, teaching resources, videoes, community partnerships approach for financial

Financial literacy is much more than learning of how to count your money when purchasing a gallon of milk at the liquor store. Financial literacy at times is mistaken for Economics, and it’s easy to understand why. Yet, financial literacy is the understanding of how money functions in this world, how to properly manage it, how one would properly invest their money, and how to donate your money to help others. Sounds like a perfect curriculum to teach students? Yet, politicians, teachers, and school officials hardly take it serious in this day of time. Many schools lack the resources and curriculum to actually teach the students about financial literacy. Therefore, politicians should vote in enforcing the Department of Education to teach financial literacy to students in junior high and high school.

Throughout the year we have learned about financial things we will need to know in the future. I have learned many things about taxes, budgeting, banks, checking accounts, and savings accounts. Each of these topics has their own importance to our future lives. Learning about this now was a good choice so in my future I may have an easier time with it than people who didn’t.

In conclusion, Suze Orman's book “The money book for the young, fabulous, and broke” covers many useful topics about financial planning just as we have covered in class. Orman discussed student debt and how to strategically handle loans. The importance of managing one’s credit to stay in good standing. Orman also informed the reader on how to prepare for retirement and purchasing a home. Information such as this is vital to ensuring that we live financially responsible lives. I learned a great deal from the combination of class discussion and reading this book. It is important that to have an understanding of these topics to ensure we live financially responsible

When discussing the issue of money and finances most people are lost; they are financially illiterate. When it is time for young adults to “leave the nest” and get out on their own, they fail, because they mismanage their money. Consequently, they end up going back home or out on the streets. The average person does not get training in personal finances before they get out in the workforce and begin to earn their own money; they don’t ever learn money management skills: how to budget when it comes to spending and saving. There is an ongoing debate of whether money management courses should be a requirement for high school seniors. Some feel that is the best solution to the problem of financial illiteracy.

Prior to taking this course, I knew very little about financial planning. I had seen many people create a budget, use credit, or even talk about investing for retirement, but I only had the slightest idea of how to do so I read once that eight out of every ten Americans is indebted (“Eight out of Ten Americans in Debt: Study,” 2015). After reading that article I thought that money management was going to be a tedious and strenuous activity since so many people have failed to manage their finances successfully. However, once I began this course and began using the same methods on my own finances, I realized that with a little planning, financial management is simple and can secure a better financial future for yourself.