Question Detail

Do you teach financial literacy?

Jul 30, 2013 1:20pm

Do you think it's important to teach financial literacy, personal finance, and/or money management at all grade levels? If so, what would you say is the biggest obstacle that is keeping these subjects from being taught nation-wide?

  • Social Studies
  • Pre K-12
  • Planning


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    • Jul 30, 2013 9:35pm


      I think financial literacy is important, but I think the obstacle would be where it fits into the standards. The Common Core focuses on literacy and math skills, but no where does it dictate which texts teachers use, so therefore, teachers could always incorporate text which results in rich discussions about financial literacy. As the standards are written, however, specific curriculum is not outlined, just specific skills.

      Hope this helps!

      • Jul 31, 2013 10:14pm

        I also believe that financial literacy is very important, it just doesn't fir perfectly into a single subject. In high school, I took an economics class that was part of the graduation requirement where we did a lot of hands on financial literacy activities. But none of the schools I have worked at have had a class like that. The most I have touched upon it in my own teachings is with teaching how compound interest works, or other interest rate problems, appreciation and depreciation of objects over time, and linear programming problems that discuss maximizing/minimizing costs and profits.

        • Aug 1, 2013 2:17pm

          I think we should because it's real life. Sometimes when my students have time left over regarding a unit on consumer math, we delve into the idea of the pro's and cons of credit and using credit card.

          • Jan 27, 2014 8:41am

            I taught a class of seniors a mandatory economics class and supplemented that class with much of the financial information from National Endowment for Financial Education
   You have to register, but it is free and the downloadable stuff was fantastic!

            • Jul 22, 2014 2:47pm

              I think teaching financial literacy is incredibly important! Many, if not most, students don't get any responsible financial modeling at home. Teaching students about saving, investing, budgeting, credit, etc. would be of great value to them.

              Balancing a checkbook could be tied to a math standard, I'm sure. Responsible use of credit could be tied to a social studies lesson on the 1920s or the Depression. Family and consumer sciences could incorporate household budgeting. Dave Ramsey has developed programs for kids, teens, and graduates that would be helpful in planning curriculum on finances.

              Many students don't plan to go to college, but most plan to earn money. Teaching students to manage money would benefit everyone.