Students will comprehend their paycheck, the voluntary and compulsory withholding of income, basic payroll concepts, and explanations of tax documentation.
Material Type: Lesson Plan
Students analyze statements about taxes to better understand how taxes affect people’s paychecks.
Material Type: Lesson Plan
Students match tax types to definitions and then apply their knowledge to tax scenarios.
Material Type: Lesson Plan
Students analyze W-4 forms and pay stubs in order to better understand payroll taxes and federal income tax withholding.
Material Type: Lesson Plan
This book gives tips and methods for teaching a community college financial literacy course. This information can be adapted and applied to high school courses as well.
Material Type: Textbook
Technological advances have created unprecedented opportunities for online financial education that can be used to improve financial literacy and money management practices. While online financial education programs have become popular, relevant research and theoretical frameworks have rarely been considered in the development of such programs. This article synthesizes lessons from literature and theories for the development of an effective online financial education program. Drawing from literature on financial literacy education and online education, implications and recommendations for integrating technology into online financial education programs for adults are discussed.
Material Type: Textbook
This article describes a tool developed by educators of the University of Minnesota Extension and University of Wisconsin Cooperative Extension to assist professionals as they plan financial education for participants. In today's changing economy, financial education is essential throughout one's life cycle. By understanding learner attributes, educators can create motivating learning environments and seek appropriate teaching methods to capture participant attention. Multi-generational complications may arise as people view and communicate about money differently. The financial literacy grid was developed to examine generational characteristics, life cycle tasks, financial concepts, and appropriate teaching techniques to meet learner needs.
Material Type: Lecture Notes
Understanding saving, investments and retirement can sometimes be a challenge to young people when their immediate needs and wants easily outweigh long-term financial planning. Riza Laudin, an economics teacher at Herricks High School in Long Island, New York, helps students make personal connections to the benefits of saving early through a lesson on the time value of money. In this lesson, Ana begins saving at age 22 for twelve years, while Shawn saves from ages 34 to 65. Students are challenged to predict who was the better saver. Understanding and applying the principles of compound interest, students learn a new strategy for saving and begin to contemplate their own financial futures.
Material Type: Lecture
