Financial Literacy

classic Classic list List threaded Threaded
3 messages Options
Reply | Threaded
Open this post in threaded view
|

Financial Literacy

drauterkus
I hoping to gain some insight on how to teach students the importance of keeping track of their checking account through reconciliation.  Most students feel that if they go on-line to see how much they have in their checking account that they don't need to keep a record on their spending.  Another important issue is how to pay for a college education.  Some students end up going to college an extra year because they took classes that did not apply to their major.  The end result is having a big loan to pay off.
Reply | Threaded
Open this post in threaded view
|

Re: Financial Literacy

Paula Vander Beek
I agree with your comments! Students who rely on checking their checking account balances by going to their online banking website overlook:  outstanding payments, outstanding deposits, Debit card fees, etc. Many of my high school students consider "balancing the checkbook" very "old school." And, there are often times students who select a college based on very little research. One lesson I use is a career research website (my favorite): www.onetonline.org
This website is generated by the US Department of Labor. I ask students to build a one-page report that contains the basics about each career they research, including education costs and requirements and the earning potential and job outlook for each career. I tell them, " the more you know, the better your decisions."
Reply | Threaded
Open this post in threaded view
|

Re: Financial Literacy

drauterkus
I just checked out your site onetoneline.org and I like how it lists all the careers.  I do a career segment in my personal finance class and I think this will be a great site for students to research all the available careers.  I like that you can change it to Spanish too.  I think it is good for students to know what type of education and skills they need to know to do a specific job.