Resources for teaching financial literacy

The Texas Administrative Code defines financial literacy as becoming a “self-supporting adult who can make informed decisions relating to personal financial matters.” Necessary skills include:
  • Balancing a checkbook.
  • Understanding the terms of an insurance policy.
  • Understanding how to invest in stock and financial markets.
  • Knowing how to avoid credit card debt, buy a home and plan for retirement.
 Here are resources to help you create and teach financial literacy lesson plans:
  • Jump $tart, a Washington, D.C.-based nonprofit with a Texas chapter, outlines clear financial literacy objectives for educators and provides curriculum guidance for kindergarten through college lessons. The Jump $tart website offers free lesson plans and teaching tips on topics such as prioritizing needs and wants, saving and investing, career and income planning, evaluating financial information, risk management, and consumer credit. Students can also complete a “reality check” quiz that calculates the personal income required to sustain their lifestyle preferences and aspirations.
  • The Council for Economic Education’s (CEE) website EconEdLink offers personal finance and economics resources for every age group. The site offers more than 700 free lesson plans, games and online tutorials—everything from basic consumer skills (grades K–5) to financing further education and understanding mortgages (grades 9–12). CEE also offers extensive online teacher training and professional development for teaching financial literacy.