Teaching Elementary Students Financial Literacy: It’s Never Too Early
Are you interested in teaching elementary students financial literacy, but not sure how to get going? This is the right place to be – here you will find guidelines, information, resources, and step-by-step processes that represent best practices for teaching financial literacy to elementary students.
Teaching financial literacy to elementary students requires knowledge, skill, finesse, and a process demonstrated to succeed. Read this case study to learn how the methods described here have worked for others:
Gary Griffin was an elementary school teacher on a mission: he wanted to discover the best ways for teaching elementary students financial literacy. While Mr. Griffin had outstanding teaching ability and knew how to relate well to third-graders, he lacked crucial understanding of the approved methods for teaching financial literacy to elementary students. What lessons could they grasp? What information would benefit them most? By talking with parents during their parent-teacher conferences, he gained an understanding that the students could learn basic lessons about savings, managing bank accounts, and financial psychology.
Once Gary had identified priorities and a plan for teaching financial literacy to elementary students, he could move on to select a delivery mode. This task was easy – Gary wanted to deliver lessons in-person in his math classes. However, he decided he could supplement the lessons with parent-child homework activities. The achievement-based classroom lesson plans for elementary students coupled with the self-paced homework would drive the information home in a unique way.
Who would present the lessons? Gary asked next. He had a burning desire for teaching elementary students financial literacy, but had no official training in personal finance. Then he learned about the CFEI – Certified Financial Education Instructor – program, which would give him the credibility and qualifications for teaching financial literacy to elementary students for maximum effect. Gary immediately signed up for the CFEI training.
Gary finally launched his effort at teaching financial literacy to elementary students. There were 32 kids in his class, and they all participated in the instruction with enthusiasm. The CFEI training and the top-grade curriculum gave Gary an edge in terms of improving his kids’ knowledge levels. Across the course of the first semester, the 32 students showed an average gain of 35% on a personal finance knowledge quiz. Gary summarized the data for his principal, who was duly impressed and showed keen interest in expanding the lessons to reach other grade levels at the school.