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.
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.
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.