General Financial Literacy
Educational Links

Strand 4

Students will evaluate saving methods and investment strategies.

• Bank vs Credit Union
  In small groups, students will research and obtain information to compare services offered and rates between banks and credit unions. To conclude, students will present their findings and state why one might choose one over the other.
• Evaluating Savings Methods and Investment Strategies
  Students will gain a comprehensive understanding of savings vocabulary and products, the PYF concept, and the importance of preserving principles in the face of inflation.
• Exploring Investment Strategies: The ENGAGING STAX Game
  Students will comprehend saving and investing, understand the concept of risk versus reward, and gain knowledge about various investment types and vocabulary.
• FDIC and NCUA Insurance
  In small groups, students role play financial institutions and consumers in order to learn the importance of FDIC and NCUA Insurance.
• Goals & Budgeting
  Students learn the difference between short-term and long-term savings goals and apply their knowledge in an exercise-oriented game.
• Insurance
  In this mini-unit, students learn basic vocabulary about insurance and then play an online game called Thats a Bummer to practice knowledge learned. Additional activities in this lesson include an insurance edpuzzle, video resources, reflection questions, and an insurance math worksheet.
• Invest with Stax Interactive
  Students will play the interactive game called Stax and see if they can beat the market in a 20-year period. Reflection questions will be answered after game play.
• Peer to Peer Payments - Online Banking
  Reading an article, students learn about peer to peer payments. This lesson concludes with a blooket quiz played individually or as a class.
• Retirement Plan Options
  In this lesson, students will learn about retirement plan options such as 401K plans, Roth IRA's and pensions.
• Stock Market Game
  Students play the stockmarketgame.org in teams. After learning the basics, students research different companies and each team spends $100k on stocks.
• Who Wants to be a Millionaire? Understanding Compound Interest
  Students will define compound interest, distinguish it from simple interest, calculate compound interest using a compound interest rate calculator, and apply the concept to real-life scenarios.

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http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE).  Send questions or comments to USBE Specialist - Breckon  Heywood and see the Financial Literacy website. For general questions about Utah's Core Standards contact the Director - Jennifer  Throndsen.

These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Board of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Board of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.