Financial Literacy Lesson Plans for Elementary Students: A Guide

Finding useful and engaging educational content on the internet can be daunting. If you’ve been looking around online for financial literacy lesson plans for elementary students, you know how especially difficult it can be. You can end that stressful hunt now, because the NFEC has a solution for you. Our dedicated team here has skillfully put together a complete guide that serves as a go-to resource to help anyone, in any profession, leverage useful learning resources on this exact topic.

The NFEC now provides financial literacy lesson plans for elementary students to interested participants worldwide, which features material that can easily be adjusted to fit the learning needs of any group of people. This includes students of any age group or socioeconomic level.

The materials we’ve put together are both useful and engaging, while also being able to take participants on a fun knowledge-building journey.

Real-World Financial Literacy Lesson Plans for Elementary Students

How has our solution been able to perform in a real professional situation? Now let’s do an in-depth examination of a real-world scenario in which a professional successfully used our financial literacy lesson plans for elementary students in their own life:

Gary is a teacher at an elite private school in Manhattan, and he teaches math to 43 kids – all of which are in the 5th grade. His Principal saw a study that showed a correlation between early personal finance education and future financial success, and asked Gary to design a short and easy course for his students. He had, over the years, already developed a solid level of knowledge on the topic himself, but teaching money management wasn’t necessarily in his wheelhouse. That’s why he understood that finding some external teaching assistance would be best if he was to convey this critical information to such a young group.

During class on a regular day, he did an informal survey with all of the students, realizing that the majority of them had almost zero knowledge when it comes to responsible money habits. It was understandable, given their ages.

Patterns for Financial Literacy Lesson Plans for Elementary Students Assets

When Rubber Meets the Road

Gary’s first idea was to help this group rapidly acquire a basic working knowledge of personal finance principles that they would remember through middle and high school, using some sort of handouts or flash cards. He just wanted to start with some basic principles, but eventually teach them some real-world concepts that could help them – even at such a young age. After a while, he hoped they would be relatively proficient in the topic.

Mapping Financial Literacy Lesson Plans for Elementary Students

So far, Gary already knew exactly what he wanted to achieve in the short term, as well as what his long-term goals were. The next action he decided to take was planning: what would the best format be? What about the best speed of instruction? This should be financial literacy lesson plans for elementary students that can be done on their tablets, which the school provided for them. For that reason, he needed to find something based on the internet.

Key Systems for Financial Literacy Lesson Plans for Elementary Students Reasonings

Sketching Out an Educational Roadmap

Gary quickly came to the realization that his financial literacy lesson plans for elementary students remained to broad for this initial phase, particularly since he just wanted to gently kick things off. It was necessary for him to narrow down the main focus of the program, so he designed the first leg of the financial literacy lessons for elementary students to be centered bank accounts and saving money.

Timing is Everything

These kids wouldn’t want to learn this dry material during their regular classes, which were filled with other vital topics. Gary decided to find some sort of tablet-based solution that could convey these crucial principles in tiny, bite-sized pieces – so he went with flexible, modular type of financial literacy lesson plans for elementary students.

Composition of Financial Literacy Lesson Plans for Elementary Students Styles

Format of Financial Literacy Lesson Plans for Elementary Students Competencies

Getting Help for Financial Literacy Lessons for Elementary Students

What he needed at that point was some assistance – a little help from someone who could build financial literacy lesson plans for elementary students that included engaging material for that specific age group. Fortunately, he was able to partner up with a NFEC Certified Educator who had experience in bringing fun into dry course content. With a seasoned expert’s help, he became much more confident.

Breaking Down the Results

Out of the 43 students who participated in Gary’s financial literacy lessons for elementary students, 41 of them (95%) managed to complete the whole program. After the program ended, the participants who finished were asked to complete a survey, with 100% of them indicating that their knowledge on the topic had been boosted “significantly” as a consequence of Gary’s program.

Following Up Matters

Gary realized that all the progress the students made up to that point was at risk, and that they would need to get ongoing support in order to effectively apply what they learned. As the first financial literacy lesson plans for elementary students ended, he felt it would be wise to write some supportive, personalized written messages to all who participated – congratulating them and providing them with motivation to keep on studying this topic.

To continue his efforts to help, Gary opted to provide them with ongoing educational materials – if they were interested – that would be closely modeled after the first financial literacy lessons for elementary students. Doing so would enable them all to keep building on top of the foundation of crucial knowledge they’d already started constructing with him.