There is no doubt about it that students love money. Specifically, they love spending money on whatever interests them, such as shoes, earbuds, video games, and food. However, earning money is not as desirable. Thus, many high school students do not understand how hard their parents have to work to pay for their endless needs. To help students understand money, they must work on banking lessons. They need to see how important it is to work hard and save money. Thankfully, the Banking Unit does an incredible job preparing students for the real world.
Financial Literary Importance of the Banking Unit
While in high school, many students have their first job. However, this is not paying for financial needs. Parents or guardians are paying for their shelter, food, and extracurricular activities. Thus, students do not realize just how expensive life can be and how to budget money appropriately. Due to this, many take out excessive loans or go into significant debt. To avoid this, students need to learn about financial decisions while in high school. If they can learn about money management and the banking system, they will be more prepared to handle finances when they need to do so independently. Additionally, if they can complete some “real money” simulation or experiment, they will have a hands-on way to experiment with handling money. With banking lessons, students will be ready to make financially responsible decisions!
Thankfully, the Banking Unit provides real-life economic experience for high schoolers. Likewise, it teaches students about checking accounts and responsible banking. The hands-on activities will ensure students have the confidence needed to take charge of their finances.
Lesson Components of Banking Lessons
Teachers know that managing finances can be overwhelming. Hence, several banking lessons ensure students understand how complex banking is. This includes helping students understand why they need to use a bank and how the money will grow over time. Additionally, the banking lessons teach students about checking accounts and how helpful banks are in managing finances. To help students gain real-life experience, they will also go through a banking simulation. This will provide them with the support of a teacher and the ability to make mistakes in a learning environment.
To provide each component the time it deserves, the banking unit will take approximately 12 days. This includes a 2 day banking lesson, 9 days for the unit, and 1 day for a test. While the time is not too long, each lesson contains powerful activities for students to realize how complex money is. Each day has high-quality lessons that educate and engage students throughout every minute of class!
As a secondary Social Studies teacher, I understand the lack of resources. On top of the lack of resources, it can be incredibly stressful to plan for many preps each day. Thus, I love sharing high-quality resources that can instantly be incorporated into the classroom. Each resource has lesson plans that are ready to go. This includes video URLs, essential websites, and helpful notes. To ensure everything is easily accessible, every unit is pre-organized into unit folders. There is even a pacing calendar to help support teachers while planning. Importantly, each unit is comprehensive and driven by proven results. Since students change each year, there are FREE updates made and new resources added to lesson plans. Thus, you pay for the unit once and will always be able to download the updated resources with no additional charge. Since different questions can arise while planning, email support is available whenever needed. As a dedicated teacher, I support the power of working together to ensure students receive an outstanding education. Ultimately, all lessons are teacher-tested and student-approved!
As students are in their final years of school, they need banking lessons that prepare them for life outside of school. Otherwise, they will graduate and experience so much shock and discomfort with being unprepared. Luckily, the Banking Unit will help students understand how money works and tips on making strong financial decisions. Students will be thankful for these lessons as they begin to manage their own money.
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