Introduction
Our next unit of study is financial literacy.. what exactly is financial literacy? Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Throughout this unit you will be learning various skills to help you make informed decisions about your finances.
Task
You will be asked to visit a series of websites and asked specific questions. Using an online presentation software, you will then create a presentation of your answers and be prepared to share them. TASK: Don't forget, you need to go to Prezi or Google Drive and create a presentation to show your answers to these questions.
Process
Q1: What is a budget?
Q2: According to this site, what are the five ways a budget can help a teen?
Q3: What is the difference between a checking account and a savings account?
Q4: What is a credit card? At what age can you get one?
Q5: Watch this video and explain the meaning of the title "Teens, walk before you run financially".
Q6: The following article makes a lot of good points. What are three tips they say every teen should learn when they get a part-time job?
Q7: Here's 2 funny videos to help learn about the importance of having financial literacy. Do you think financial literacy is important to learn about at your age? Why or why not?
Evaluation
Here is the rubric for your presentation:
| CATEGORY | 4 | 3 | 2 | 1 | SCORE |
| Requirements | All requirements are met and exceeded. | All requirements are met. | One requirement was not completely met. | More than one requirement was not completely met. | |
| Sources | Source information collected for all graphics, facts and quotes. All documented in desired format. | Source information collected for all graphics, facts and quotes. Most documented in desired format. | Source information collected for graphics, facts and quotes, but not documented in desired format. | Very little or no source information was collected. | |
| Presentation | Well-rehearsed with smooth delivery that holds audience attention. | Rehearsed with fairly smooth delivery that holds audience attention most of the time. | Delivery not smooth, but able to maintain interest of the audience most of the time. | Delivery not smooth and audience attention often lost. | |
| Content | Covers topic in-depth with details and examples. Subject knowledge is excellent. | Includes essential knowledge about the topic. Subject knowledge appears to be good. | Includes essential information about the topic but there are 1-2 factual errors. | Content is minimal OR there are several factual errors. | |
| Originality | Product shows a large amount of original thought. Ideas are creative and inventive. | Product shows some original thought. Work shows new ideas and insights. | Uses other people's ideas (giving them credit), but there is little evidence of original thinking. | Uses other people's ideas, but does not give them credit. |
Conclusion
I hope you had a bit of fun learning about the importance of money management. This is just a small example of the ways you can educate yourself so you can have money when you want and need it!