1. Financial Literacy for Children Minds Their

2. Smarter Texas is sponsored by TCEE, Opportunity Texas, and Bank of America

3. 3 What is Financial Literacy? Why do we need it?

4. What are some misconceptions elementary children have about money? 4

5. Not developing a sound understanding of personal financial literacy can result in... 5

6. Resources: 6 companion website: http://fffl.councilforeconed.org/

7. Features of Financial Fitness for Life Based on national standards Engage students in the economic way of thinking Call for active learning Address concepts in a developmentally appropriate manner Emphasize a variety of teaching methods compatible with different learning styles Reinforced by assessments Invite parents to play a role 7

8. Topics: Earning Income Saving Spending Credit Money management 8

9. K-2 Materials 9

10. Objectives Explain how human capital is related to work Define money earned as income Differentiate between money received as income and money received as gifts Identify ways to earn income 10

11. A Good Day for Money 11

12. Activity 1: Making a Pocket Graph Number of Pockets Students 7 6 5 4 3 2 1 0 12

13. Activity 1: Making a Pocket Graph Number of Pockets Students 7 6 5 4 3 2 1 0 13

14. Activity 2: Exploring Human Capital (Work Skills) 14 Day 2

15. Activity 2: Exploring Human Capital (Work Skills) 15

16. Activity 3: Income Chain Money We Receive 16 Income EarnedGift Money

17. Activity 3: Income Chain Money We Receive 17 Income EarnedGift Money

18. Activity 3: Income Chain Money We Receive 10 9 8 7 6 5 4 3 2 1 Earned Income Gift Money 18

19. Activity 3: Income Chain 19

20. Extension Music: Earning Income sung to the tune of She’ll be Coming Around the Mountain Literature: Little Rabbit’s Loose Tooth by Lucy Bates 20

21. 3-5 Materials 21

22. Objectives Identify methods of paying for goods and services Define money, check, electronic or online payments, debit card and credit card Explain the relationship between checks and money held in a checking account 22

23. Objectives Identify advantages and disadvantages of different methods of payment Explain why credit cards are not considered money Explain how payment is made when a consumer uses a credit card 23

24. How Would You Like to Pay? 24 How do family members pay?

25. What are some things that students buy using currency and coins? 25

26. Other methods of payment 26 check credit card debit card electronic or online payment

27. Paying by Check 27

28. Writing a Check 28 September 7, 2011 Toys Galore 15.42 Fifteen dollars and forty-two cents Mr. Estevez

29. The Check Register 29 5942 9-7-11 Toys Galore $15 42 8458

30. Exercise 8.1 30

31. Exercise 8.2 31

32. Visual 8.2 32

33. How Would You Like to Pay? 33

34. Assessment 34

35. Extensions Ask a local bank for sample check registers for students to use for practice recording checking transactions and calculating balances. Students may create story problems to provide context for using the register. Read stories about people buying goods and services; discuss the methods of payment used. Students may write a story about buying goods and services using different methods of payment. 35

36. Extensions Invite a local banker to talk about the four methods of payment and what methods of electronic payment people may use 20 years from now. Divide the class into 4 groups. Assign each group a form of payment. Members of each group write a skit, rap, poem, song, etc. teaching the other students the advantages and disadvantages of the respective forms of payment. 36

37. Companion website: http://fffl.councilforeconed.org/fffl.councilforeconed.org 37

38. Hands on Banking www.handsonbanking.org/en/ 38 Made possible by: