FINANCIAL LITERACY - The Money Trail - Part 7 - Save & Invest (2024)

FINANCIAL LITERACY - "The Money Trail" - PART 7 - SAVE & INVEST -- teaches students the meaning of building wealth by starting with their financial goals and exploring the differences between saving for unexpected expenses vs. establishing a saving and investment plan to save for major things like a new car, a new home, or build an investment fund for long-term investing. Students examine and evaluate financial reports such as a Net Worth Statement, Balance Sheet, and Investment Growth Charts. They learn the risk factors to consider before establishing and writing their own financial goals. Activities with an answer key are included in this unit. The Money Trail Series is .

  • Are you required to offer FINANCIAL LITERACY to your secondary students?
  • Are you looking for financial literacy activities that meet the National Standards for Financial Literacy?
  • Do you want a plan of action and common sense activities that are applicable to financial literacy that students need to know for their financial future?

Then, Financial Literacy: The Money Trail Series is just what you are looking for! In each part of the series, students will develop a working knowledge of the financial decisions that they need to make now and in the future.

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ATTENTION TEACHERS: Many teachers are choosing the option of purchasing the 3-in1 BUNDLES instead of the individual chapters because they include ADDITIONAL TEACHER "TOOLS" that they can use for instruction when they teach the information in the chapters:

  1. Chapter PowerPoint
  2. Chapter Assessment (Test)
  3. Vocabulary

Perhaps you may want to check these out for yourself. To see these options, click on the 3-in1 Package Deal link below.

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: "The Money Trail Series" -- Helps students develop a working knowledge of the financial decisions that they need to make now and in the future. The Financial Literacy Parts are reinforcement activities using current research stats that parallel the standards. They are not intended as stand-alone units rather they are interactive activities between the teacher and students.

:

  1. Earning Income
  2. Buying Goods and Services
  3. Saving Money
  4. Credit
  5. Investing
  6. Protecting
  7. Insuring

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Here are the links to all FINANCIAL LITERACY categories where you can find the products that are of interest to you. For more information, click on these links below:

(24 Chapters & Activities)

FINANCIAL LITERACY - PowerPoints for ALL Individual Chapters

FINANCIAL LITERACY - Bundles "GALORE"

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FINANCIAL LITERACY - FLIP OF THE DIE "`14-Day Budgeting Simulation" (MS EXCEL VERSION)

FINANCIAL LITERACY - FLIP OF THE DIE "14-Day Budgeting Simulation (PDF VERSON)

This 14-DAY SIMULATION fits nicely with the FINANCIAL LITERACY - "The Money Trail" series and could be implemented as a final project. It is available in both MS EXCEL for teachers who have Microsoft Office, and also in a PDF format for those who do not have access to MS. It is a hands-on computerized unit that reinforces what students learn when they finish or during the "The Money Trail" Parts.

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FINANCIAL LITERACY - The Money Trail - Part 7 - Save & Invest (2024)

FAQs

What are the 5 principles of financial literacy? ›

This article will explore the five basic principles of financial literacy: earn, save & invest, protect, spend, and borrow, providing you with actionable insights to enhance your financial knowledge and make the most of your resources.

What are the 5 steps of financial literacy? ›

To start expanding your financial literacy, consider these five areas: budgeting, building and improving credit, saving, borrowing and repaying debt, and investing.
  • Budgeting. ...
  • Building and improving credit. ...
  • Saving. ...
  • Borrowing and repaying debt. ...
  • Investing.

How long does it take an asset that earns 7% interest to double? ›

What Is the Rule of 72?
Annual Rate of ReturnYears to Double
7%10.3
8%9
9%8
10%7.2
6 more rows

What is the 50/30/20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is the 80-10-10 rule of saving? ›

When following the 10-10-80 rule, you take your income and divide it into three parts: 10% goes into your savings, and the other 10% is given away, either as charitable donations or to help others. The remaining 80% is yours to live on, and you can spend it on bills, groceries, Netflix subscriptions, etc.

What are the 7 components of personal financial? ›

A good financial plan contains seven key components:
  • Budgeting and taxes.
  • Managing liquidity, or ready access to cash.
  • Financing large purchases.
  • Managing your risk.
  • Investing your money.
  • Planning for retirement and the transfer of your wealth.
  • Communication and record keeping.

What are the 3 keys to financial literacy? ›

Three Key Components of Financial Literacy
  • An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan. ...
  • Dedicated Savings (and Saving to Spend) ...
  • ID Theft Prevention.

What is the 10 rule in personal finance? ›

The 10% rule is straightforward: it recommends that you put 10% of your income toward savings and investments ahead of other expenses or goals. That way, you can make sure you keep savings and build a strong base for your long-term financial security.

How to double $2000 dollars in 24 hours? ›

The Best Ways To Double Money In 24 Hours
  1. Flip Stuff For Profit. ...
  2. Start A Retail Arbitrage Business. ...
  3. Invest In Real Estate. ...
  4. Play Games For Money. ...
  5. Invest In Dividend Stocks & ETFs. ...
  6. Use Crypto Interest Accounts. ...
  7. Start A Side Hustle. ...
  8. Invest In Your 401(k)
May 24, 2024

What is rule 72 in finance? ›

The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return. If, for example, your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.

What is the 8 4 3 rule in mutual funds? ›

The rule of 8-4-3 when it comes to compounding indicates a style of investment that accelerates growth with time. Initially, a corpus doubles within 8 years through an average annual return of 12% subsequently another doubling happens for the same period after another 4 years following its initial setting up.

What are the 5 areas of financial literacy? ›

Financial literacy has five components: earn, spend, save and invest, borrow, and protect. A basic understanding of each and how it applies to you is critical to achieving basic literacy. There is always room to learn!

What are the 5 financial literacy questions? ›

Financial Literacy Test
  • How much money should you put into savings every month? ...
  • How much of your income should be used on monthly credit card payments? ...
  • What's the maximum debt-to-income ratio a person can have and still qualify for a mortgage? ...
  • How often can you check your credit report for free?

What are the five foundations a financial literacy technique? ›

The U.S. FLEC highlights five principles as the building blocks of financial literacy, known as the MyMoney Five.
  • EARN.
  • SPEND.
  • SAVE & INVEST.
  • BORROW.
  • PROTECT.
Apr 17, 2024

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