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Workshop Schedule Register for a workshop News Stock Market Game Teacher Resources Making Sense of Savings International Education Resources ABC's of Credit Card Finance Kid's Stuff Kid's Econ® Posters Our Partners Federal Reserve Lessons Center for Economic Education Contact the Oklahoma Council	Download This Award-Winning Lesson Series In partnership with JPMorgan Chase and The Oklahoman, we have created a new series of lessons emphasizing basic economics and personal finance concepts. Lessons are published each Wednesday in The Oklahoman.
	Lesson One: Making Choices: Is it Really Free? Choices Opportunity Cost This lesson will help students improve their decision-making skills and understand that even “free ” goods and services have a cost. Students will compute percentages, make a bar graph and practice their analytical skills.
	Lesson Two: Plotting Your Future: Setting Goals Rule of 72 Saving Money This lesson will help students realize that having goals helps them make better decisions for their future.
	Lesson Three: Budgeting: Planning for the Future Budget Tracking Income and Expense This lesson will help students learn how to track their income and expenses, allowing them to reach their financial goals.
	Lesson Four: Budgeting: Adjusting Your Actions Setting Goals Trade-Offs This lesson will help students refine their decision-making skills and prioritize their skills. Students will develop bars and graphs to analyze information.
	Lesson Five: Building Human Capital Productivity Human Capital This lesson will help students understand the value of education. Students will calculate the differences in lifelong income for person with different levels of education.
	Lesson Six: Earning an Income Career Goals Income This lesson will help students explore potential income from career choices. Students will compute percentages, create graphs and charts, and practice their analytical skills.
	Lesson Seven: Entrepreneurship Entrepreneurship This lesson will help students understand what it means to be an entrepreneur by examining the characteristics and responsibilities of people who own and operate a business.
	Lesson Eight: Money: Let's trade Barter System Money This lesson will help students understand the role of money. Students will participate in an auction and calculate mean, mode and median prices.
	Lesson Nine: Banking Deposits Withdrawals Debit Cards This lesson will help students learn how to record banking transactions. Students will compute changes in a bank account balance.
	Lesson Ten: Banking Services Bank Financial Services This lesson will help students examine different bank services such as loans, checking accounts, savings options and credit cards.
	LESSON ELEVEN: BORROWERS AND LENDERS Bank Financial Services This lesson will help students understand the importance of character, collateral and capacity when borrowing money.
	LESSON TWELVE: SAVINGS Savings Interest This lesson will help students discover the difference between simple and compounded interest. Students will use fractions to compute simple and compound interest rates.
	LESSON THIRTEEN: INVESTING Investing Returns This lesson will help students understand the basics of purchasing stocks. Students will use basic math skills to calculate stock purchases and price changes.
	lESSON FOURTEEN: CONSUMER CREDIT Credit Overspending This lesson will help students understand how interest rates and length of time to repay loans impacts the total price of goods and services. Students will compute changes in total prices of goods and services purchased on credit.
	lESSON FIFTEEN: CONSUMER CREDIT - CREDIT CARDS Credit Cards Monthly Payments This lesson will help students understand the cost of using credit cards. Students will compute monthly payments on credit cards.
	LESSON SIXTEEN: ONLINE SHOPPING This lesson is designed to help students understand comparison shopping and the need to research products before making a purchase. It incorporates the costs and benefits of online shopping verses purchasing items from local retailers.
	LESSON SEVENTEEN: PROTECTING YOUR IDENTITY Credit Cards Monthly Payments This lesson will help students learn about identity theft. Students will make projections to determine potential victims of identity theft.
	LESSON EIGHTEEN: INSURANCE: MANAGING YOUR RISK Insurance Deductible This lesson will help students learn what affects insurance rates. Students will calculate differences in insurance premiums.
	LESSON NINETEEN: INCOME TAXES Progressive Tax Regressive Tax This lesson will help students understand progressive tax rates for income taxes. Students will compute tax liability for different wage earners.
	LESSON TWENTY: CHARITABLE CONTRIBUTIONS: GIVING TO OTHERS Nonprofit Tax Deduction This lesson will help students understand the importance of giving. Students will apply their analytical skills to develop a survey, compile results and examine their findings.
	LESSON TWENTY-ONE: BUDGETING: PLANNING FOR SPECIAL PURCHASES Knowing Limits Efficiency This lesson will help students relate spatial concepts to decision-making. Students will build a model and evaluate it.
	LESSON TWENTY-TWO: MONEY: HOW MUCH WILL IT BUY? Consumer Price Index Inflation This lesson will show students how price changes impact purchasing power. Students will compare prices, finding the percentage increase or decrease.
	LESSON TWENTY-THREE: CELLULAR PHONE SERVICE Competition Informed Choices This lesson will help students learn how to compare prices for goods and services, including cellular service providers. Students will analyze differences in cell phone rates.
	LESSON TWENTY-FOUR: TAXES PROVIDE PUBLIC GOODS AND SERVICES Public Goods and Services Private Goods This lesson will help students identify the differences between public and private goods and services. Students will use their spatial skills to create a community.
	LESSON TWENTY-FIVE: MONEY: MORE THAN JUST DOLLARS Money Around the World Exchange Rates This lesson will help students understand how to use exchange rates to determine how prices of products vary among different countries. Students will calculate percentages and make comparisons.
	LESSON TWENTY-SIX: COLLECTABLES: A FUN BUT RISKY INVESTMENT OPTION This lesson will help students understand what gives a product value. Students will use basic math skills to calculate possible changes in prices and use analytical skills to explain why prices change.
	LESSON TWENTY-SEVEN: MAJOR PURCHASES: BUYING A CAR Financing Expenses This lesson will help students learn about auto financing. Students will use an amortization schedule and compare different interest financing methods.
	Additional Support Materials KID’S ECON POSTERS: ELEMENTARY LESSON PLANS Posters, games, and activities deal with the fundamental principles of sound money management for elementary and middle school students. www.kidseconposters.com/fin_literacy_posters.html POSTER LINKS Basic Principles of Economics The Power of Compound Interest Financial Planning Pyramid Steps to Save and Build Wealth Watch Out for Investment Scams Oklahoma College Savings Plan Learn about the only 529 plan with an Oklahoma tax deduction. You can also access a large variety of valuable parent resources. http://www.ok4saving.org/ Practical Money Skills for Life To help today's youths and consumers of all ages become financially savvy, Visa has partnered with leading consumer advocates, educators and financial institutions to launch a national program to improve the nation's financial skills -- Practical Money Skills for Life. PracticalMoneySkills.com is a free Web site designed to help educators, parents and students practice better money management for life. Americans think that financial basics are as important as the three R's traditionally taught in school. http://www.practicalmoneyskills.com/english/at_school/ff/ff. Be sure and check out the interactive game of "Financial Football" located on this site. http://www.practicalmoneyskills.com/english/at_school/ff/ff_game/ MONEY TALKS Created by the University of California, this site features interactive lessons written in both English and Spanish. A series of games provide students with information on such topics as "savy shopping," "gassing up" and "buying a car." The site contains a "teacher's only" section that provides additional resouces for use in the classroom. http://www.moneytalks.ucr.edu/ TEACH KIDS MONEY SKILLS The Family Bank is a program developed by the American Bankers Association for children and their parents. The purpose is to teach kids how to manage their own money, their allowance, and to guide parents through this process. http://www.parentware.org TEACH KIDS ABOUT MONEY Teach basic money skills through financial lessons, allowance tips, and kids making money ideas. Included on the site are lesson plans, worksheets, and interactive lessons. Lessons include personal savings, checking accounts and checkbooks, counting money, basic money skills, saving and investing money, earning and spending money. http://MoneyInstructor.com SR. FINANCE LITERACY PROGRAM FOR TEENS AND ADULTS The Federal Reserve Board has recognized the lack of financial literacy among U. S. teens and adults and has included in their program, financial education at the elementary school level, called Jr. Finance (ages 5-13). The Sr. Finance program (ages 14-up) includes investment groups, education services, and curriculum. www.jrfinance.com/srfinance.htm OTHER WEB SITES LISTED: Chase – Financial Literacy - http://www.chase.com/financial Hibernia - http://www.hibernia.com Hands on Banking - http://www.handsonbanking.com Planet Orange - http://www.orangekids.com YOUTH INITIATIVES These resources were developed for pre-K through teens by the Credit Union National Association. Preschool materials include coloring books and curricular materials for the other grades. www.cuna.org/initiatives/youth/index.html CHILDREN’S FINANCIAL NETWORK, INC This company provides a wide range of services and products focused on financial education. Their goal is to provide worldwide financial literacy through the education of young people and their parents. They make material available to schools, after-school programs, and community based organizations. www.childrensfinancialnetwork.com AMERICAN CENTURY’S INVESTOR EDUCATION Teachers can support classroom learning by ordering education and guide pieces from American Century’s Investor Education department. Three offerings are available in the database of KIDS and INVESTING. http://www.americancentury.com/orderbymail/order_by_mail.jsp CREDIT WHEN CREDIT IS DUE This curriculum is suited to the soon-to-be high school graduate. Each of the fifteen lesson addresses a topic that is essential for young people to understand and master. The curriculum is adapted from the national, standardized financial literacy program and a 300-page workbook is available free of charge from the American Center for Credit Education. www.cwcid.com/high.htm WHAT’S THE DEAL? Microsoft class service learning activity for middle and high school. Step-by-step learning activities with the theme of understanding intellectual properties. Math and economic activities are included in the lesson plans. www.microsoft.com/education/realdeal.mspx INSTITUTE OF CONSUMER FINANCIAL EDUCATION Financial Literacy improves among nation’s high school students. Results of 2004 personal financial survey of high school students. ICFE is an official partner with the Department of Defense’s Financial Readiness campaign. Download free Power Point Show: 18 Ways to Teach Kids the Value of Money. Children and Money programs includes: What Youngsters Know About Money; For Parents and Grandparents; and for Children and Adults. www.financial-education-icfe.org PBS TEACHER SOURCE Lesson plans for high school, middle school, grades 3-5, and grades K. Lessons include FlyBy Math; Funbrain Games: Numbers; GoMath.com; Interactive Math; Jump$tart Coalition Reality Check; LearningWave Online: Interactive Mathematics. www.pbs.org/teachersource/math.htm MATH SITES Extensive resources available for elementary, middle school, and high school math teachers. Math resources developed by the American Mathematics Society, Mathematical Association of America, and National Council of Teachers of Mathematics. http://www.cte.jhu.edu/techacademy/web/2000/heal/siteslist.htm THE MINT Sponsored by the National Council on Economic Education and the Northwestern Mutual, The Mint Web site provides pre-teens and teens a fun and interactive way to learn about earning, saving, spending, investing, and borrowing. And in the Web site section entitled Ideas for Young Kids you can find tips to start this important message early, even before your children start grade school. http://www.themint.org/teachers/lessonplansoverview.php [back to top]