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Financial Literacy
By the time of Ashton's graduation, he knew how to find the value of x in a quadratic equation more
easily than to balance a checkbook. His inability to know about financial literacy landed him into
bankruptcy at the age of 25. Nowadays, young Americans who graduate will be asked to make
financial decisions for themselves and high schools are failing to prepare them for the mathematics
of the real world. Many students who leave high school face a similar handicap while dealing with
simple deeds such as managing their loans, money and debt.Therefore, Schools in America should
allow financial literacy in their curriculum since it gives a better understanding of financial
management for the future. Opponents of teaching financial literacy may argue that it has a
negligible impact on society, but that is not the truth. Knowing about financial literacy before
college is 'too important to ignore'(Frost,3). It's crucial for making suitable financial decisions for
the future and all of the students are going to use it in real life. In real life, students need to apply
this knowledge ... Show more content on Helpwriting.net ...
The recession was the eye–opener for numerous people as it made them realize the significant
importance of financial education and how a single mistake could change a person's life forever.
According to a news article for USA Today ' the recession really put a fine point on it.'(Morrison,4).
The new focus on financial literacy to be taught in schools is to create financial literate students to
prepare them for the real world economic problems. However, only 20 states in the U.S require to
take a course in economics. According to a news article for USA Today teaching the students about
'the basics of economics and finances' is essential to make helpful finance–related decisions in the
future
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Financial Literacy For Teens Essay
Financial Literacy for teens Essay
Financial Literacy for teens, The teen's guide to the real world of money by Chad Foster. Publisher,
Rising Books, 113 pages. Chad foster was a former tennis player, and one of America's well known
entrepreneurs. If you don't know him, I bet you know him for what he created. The Rubber
playground surface seen at McDonald's restaurants was developed and marketed by him. Chad is
also known for his best selling, Teenage Preparing for the Real Word, book and other life lesson
books, tv shows.
Did you know 95% of young people will earn more than 1,000,000 dollars over the course of their
lives? Reading this you're probably thinking no way, but it's true. From the time you get your first
job until the day the retire. You will have saved up to a 1,000,000 dollars. Chad Foster explains
everything you need to know in a short book that has helped teenagers and even adults across the
world develop good, safe, financial habits. Decisions that will help them be successful for saving
and spending money wisely. ... Show more content on Helpwriting.net ...
Over million dollars pass through teens fingers over the course of their lives and they don't even
realize it. Chad Foster figured out, how to make money, how to keep money, and how to spend
money wisely. In this book Chad tells you how to do that. Chad says. "Make Money While You
Sleep" that means work smarter not harder and life will be easier for you. Why teach financial
literacy? One third of high school seniors already use credit cards. 65% of college students carry
credit cards, debit cards with more than half those students charging their cards to the limit.
American lost 8.6 billion in personal property destroyed by fire. Teens overall spend 175 billion
dollars per year. This book will take you step by step what to do and how to do it so those peoples
we face won't
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Financial Literacy Class Analysis
Many believe that financial literacy classes are helpful and a good tool for you in the future. Finance
is a waste of time and the classes do not help you in any case. The material taught in these classes
are not used in everyday life and the methods used in the class are not helpful in any way. To begin
with, everything you learn in a financial class has nothing to do with anything you will have to deal
with in the real world. As told in source #3 by Richard H. Thaler only one third of Americans over
age 50 could answer 3 basic finance Q's correctly. The teachers are not teaching you the important
things you need to know. Instead they show you uuuessary "lessons" that won't matter. According to
source #2, "high school students who took a
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Impact of Financial Literacy on Financial Inclusion and...
Abstract:
Financial inclusion has recently become the buzzword among the policymakers and bankers and in
academic research. It is considered as an integral part of the efforts to promote inclusive economic
growth. Financial inclusion has been the utmost priority for the government of India as well as the
Reserve Bank of India. One of the executive at a prominent Public Sector Bank says, Financial
Inclusion is a social obligation for the government, and social obligation, mandatory obligation as
well as Business opportunity for the banks and financial institutions. Financial inclusion represents
the access to safe, easy and affordable financial services for poor, vulnerable groups, disadvantaged
areas for accelerated growth and for ... Show more content on Helpwriting.net ...
Financial inclusion and financial literacy:
Having understood the simple meaning of financial literacy, now its time to get an understanding of
financial literacy and its impact on financial inclusion.
Financial inclusion:
Before entering the concept of financial inclusion, let's have a look at some statistics:
There are 403 million mobile users in India and out of them 46% does not have bank accounts.
Nearly 400 million Indians have bank accounts and that is less than 40% of country's population.
Account holding pattern of India, 39% of rural population have bank accounts and while 60% of
urban population have accounts.
Only 5.2% of India's 6,50,000 villages have bank branches.
Nearly 80% of the Indian population is without life, health and non–life insurance coverage while
whole life insurance coverage is 4%, and 0.6% have non–life cover.
Rural India accounts for just 9% of total deposits, 7% of total credit and 10% of life insurance and
0.6% of non–life insurance.
On one hand we talk about the increasingly aware Indian Middle classes who have access to
disposable income and we also talk about how banks are providing them with various innovative
new and attractive schemes and products and thereby are offering them with a safe and secure
future.
With all these and much more, by keeping in mind the recent statistics, can India really march ahead
while the
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Financial Literacy Essay
Financial Literacy is the key to Managing Money. Financial literacy is much more than learning of
how to count your money when purchasing a gallon of milk at the liquor store. Financial literacy at
times is mistaken for Economics, and it's easy to understand why. Yet, financial literacy is the
understanding of how money functions in this world, how to properly manage it, how one would
properly invest their money, and how to donate your money to help others. Sounds like a perfect
curriculum to teach students? Yet, politicians, teachers, and school officials hardly take it serious in
this day of time. Many schools lack the resources and curriculum to actually teach the students
about financial literacy. Therefore, politicians should vote in enforcing the Department of Education
to teach financial literacy to students in junior high and high school. The lack of financial literacy
skills has affected many students in the American public school system. Researchers at University of
Nebraska studied how students score on a standardized personal finance test. The results generated
in this studied showed 6,700 U.S. high school students scored an average of 52 percent on this test.
But, this was not the worst thing found in the study by the researchers at University of Nebraska.
The worst thing found was a gender gap in the results of this personalized finance test. With boys
scoring more than girls in 20 of 23 subjects in the test. Subjects areas in this personalized finance
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Questions On Financial Literacy Education
Rationale:
Financial Literacy Education, FLE traditionally assumes that the more knowledge a Financial
Literacy Learner, FLL has the better the financial decisions outcome. In addition, government
mandates address more objective financial approaches to FLE rather than those approaches related
to attitudes and behavior of FLL. The use of personal experience and the telling of relevant personal
stories are an impactful tool to use in the classroom. The idea of posing this research question is to
find out if the promotion of personal experience via the use of impactful tools such as the telling of
personal stories be encouraged for use in the classroom. This particular question sets to find out the
relationship of FLE Educators personal beliefs and how they affect FLL overall personal financial
satisfaction.
An Integrative Essay and the Posing of One Research Question:
According to Tisdell, Taylor and Sprow Forte a complex interaction exist between educator's beliefs
and their pedagogical approach to the teaching practice in the classroom. Similarly, learners are
affected by emotions and money when making financial decisions.
Financial Literacy Education, FLE, learner's face a current risk for economic uncertainty and
"income volatility" (Kindle, 2013, p. 397). A study done by Wheary, Shapiro, & Draut (2007), cited
in Kindle, concluded that only 31% of middle class groups had an income to maintain middle class
financial security. At any given point any financial
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Synthesis Essay On Financial Literacy
Source one provides the best information about financial literacy for high school kids because they
actually wanna learn how to balance their money and not just have people push the into the real
world when they graduate with a blindfold on. The difference between source one and source two is
that source two thinks that the students should be worried about their other grades. "High school
students who took a semester–long personal finance course and tested worse than those who didn't".
Some of the schools where saying that it's a disaster that they put the course in their schools. Even if
we grade on a very generous curve, many Americans flunk when it comes to financial literacy.
The writer thinks that it's best for all the schools should have a financial literacy class in the ... Show
more content on Helpwriting.net ...
Nobody wants to be in debt or owe student loans. So it best that whole they are in night school and
they are listening to teach them how to provide for themselves and to know how to spend their
money. Even though some schools didn't like it because they said the students were failing the last
in the first semester doesn't mean it's a bad thing. Everything has a bad side to it you just have to
know what side to look at and what side it best for you. Schools talked about building
budgets,expenses, investing money and how to use credit wisely,insurance and careers. A few
schools played the game Life with the kids to show them this is how the real world would look. But
one of the student said that "life isn't so nice like the game", and that's true the real world isn't as
nice like a board game. President Bush creates the first Advisory Council on Financial Literacy in
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Financial Literacy Analysis
As a college student, I understand that financial literacy should be very important because it holds
one of the keys to success. Reminiscing to the first time that I tried to apply for college, I realize that
I had to pay a college application fee. I thought to myself where am I going to get the money. So I
started to look for free college application, but then, I realized that the college tuition was going to
be a factor. Henceforward, my mind started thinking about my high school Economics' class, and
how important it is for me to learn about financing. Therefore, I started to get in order and prepare
for a college financial budget, organize my current finances and lay out a future money budget plan.
Now that I am a college student, I ... Show more content on Helpwriting.net ...
I open my bank account statements, and I started to see how much money that I had in the bank.
Then, I counted my cash money that was laying around my room. I wanted to know the total of cash
money on hand. After I counted my cash on hand money, I decided to go to the bank and make a
deposit into my bank account. In others words, I will have a better understanding of the money that I
have to spend with my cash money being in the bank.
As I laid out my financial plan for college, I can now organize a financial plan for the future. I have
decided how much that I need to save each year to meet my goal and how much money I need to
make to save for my future expenses. I know that eventually I will want to buy a car, a house and
foreseen circumstances. So, I must start preparing to save my money now for my future.
To that end, as I prepare for college, I must prepare for the future finances like I was taught in my
high school Economics class. My goal for graduating from college is to become financial
independent. One of the reasons that I chose my career goal of becoming a Neuroscience Lab
Technician is to do something that I like and to become financial independent. Moving forward, I
want to work and be happy knowing that I am able to be financially burden
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North-American Financial Literacy
Money plays a big role in our life, yet as a society we hardly talk about it. We all desire it, but barely
understand it; money has become one of the biggest taboos of today's society. Which has lead to
widespread financial illiteracy Over the last few decades, today the average North–American has
become ever more responsible for their own financial well being. Since the complexity in financial
products as well as intensifying budgetary pressures have increased it has had a traumatic impact on
everyone. One area where the average North –American's competency is suspected to be lacking is
in the area of financial literacy, or the vocabulary, knowledge, and skills to make sound financial
decisions based on one's budget and goals. Without these skills individuals find themselves at a
disadvantage, and when a large portion of ... Show more content on Helpwriting.net ...
The first section explores the levels of financial literacy among different demographic groups. The
next section will be an evaluation of the financial outcomes experienced by people of varying
literacy levels. Finally the last section will focus on factors that affect the decision–making process.
will conclude this paper with recommendations for fixing financial illiteracy and improving an
individual financial outcome in various ways. The state of financial literacy in the North America is
poor. Most surveys show that many people have trouble with topics requiring numeracy and a
knowledge of how debt products and financial assets work. Survey results from the Jumpstart
Coalition indicate that high school seniors are failing in the area of financial literacy; on average,
students answered correctly on 58 percent, 52 percent, and 50 percent of questions given in 1997,
2000, and 2002 respectively. Adults scored slightly better but still missed some basic credit and
insurance questions. African–Americans and Hispanics generally scored below the average.
Repeated tests on students in subsequent
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Financial Literacy
Financial literacy has been one of the many courses that are not being recognized enough in schools
today. Only about 13 states require their high school students to take a finance or economics course
before they graduate. Although some people think that financial literacy courses are not efficient and
should not be incorporated in schools due to ideas that it will harm the individuals instead of helping
them. Financial literacy should be required because it helps the new generations understand the
importance of money management in the real world, increasing awareness overall, and students are
able to receive the necessary help from their teachers while learning about loans, budgets, and
expenses. Financial literacy is important because ... Show more content on Helpwriting.net ...
Source #1 suggests, "College students who come from states where there was a course required
were more likely to budget, were more likely to be saving and were less likely to have maxed out
their credit cards in the last year and were more likely to be paying off their credit card fully." This
proves that the students that had taken a finance course are doing way better than those who haven't,
based on the way they managing their money and are being fully aware of the results of how to deal
with money and what the results are if you don't be careful. Furthermore, source #4 supports this
idea, "I am concerned that we picked the low–hanging fruit, which may be the most expensive and
least effective option." This means that it is troubling to think that people might be dealing with
expensive debts due to not being aware of the other choices they could have chosen and saved a lot
of money. Providing students with a financial literacy course will increase awareness to prevent
students from having huge debts. The students will at least be able to acknowledge that they were
aware of the consequences of their decision making with the financial literacy
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Taught Financial Literacy
All Students Should be Taught Financial Literacy
In school, students are taught about Math, Language, Social Studies, History. We get taught things
that do not apply to the real world. We do not get taught how to save money for our futures and we
also do not get informed on how there are not many jobs open for our generation in the future which
is a problem. As you can see, if we do not learn about this topic at an early age, and it can act as a
potential liability to our future endeavours which results in an overall negative impact on our lives.
Being in debt is very stressful, it is like having overdue homework. You have so much to pay off and
it eventually gets all piled up and you do not have enough money to pay it off. ... Show more
content on Helpwriting.net ...
Once you learn something at an earlier point in life, it is most likely to stay with you throughout
your whole life. When a baby is born and it hears its family speaking in a certain language, it then
starts to store those words in its brain and also starts to speak that language, that language is most
likely to stay with that kid unless that kid starts to speak 2 languages. And just like that, when you
are taught about financial literacy at a younger age, that information that is given to you is most
likely going to be stored in your brain for most of your life. Not being taught about financial literacy
can lead to having a heart attack, weight gain/loss problems, diabetes, cancer, high blood pressure,
substance abuse, etc. I know a few people that are confused and stressed about their future jobs,
their current jobs, managing bills, etc, and I always ask them what they would want to do to fix and
and their response is "I wish I was taught about what financial problems could lead to." , and so that
is another great reason to why financial literacy classes should be a subject. The pros in learning
about financial literacy at a younger age can lead to living a better quality of life, lesser health
problems (I have listed them above), and minor financial problems.
These are my reasons to why Financial Literacy classes should be taught. Not having much
information about Financial Literacy can lead to
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Assessment of Personal Financial Wellness of Teachers
Proper financial education is an important part of life because it affects virtually every aspect of it.
Everyone will likely someday face a difficult financial situation, whether large or small, that
requires time and money. Having a good understanding of daily cash inflows and outflows in
personal finances will help make tough situations less stressful and easier to handle.
Cash (1996) Among five risk stressors in life ( relationships, work, health , crime/violence, &
personal finance), personal finance was rated as the number one source of stress, concerns about
personal finance are five times higher than those regarding health. Garman et al (1996) research has
indicated a relation between personal finance stress and backache, ... Show more content on
Helpwriting.net ...
2. Is there a relationship between the level of financial wellness and the demographic characteristics
of the respondents? 3. What are the common sources of information on financially related decision
that the public school teachers commonly accessed? 4. Personal perception of the teachers if they
are qualified to integrate financial education in their respective subjects? 5. What are the most
desired financial education topics of the respondents? 6. How many of the teachers have
participated in a financial education program in their formal school or through their employer.
Respondents
The respondents are public school teachers of a selected public school in Imus Cavite.
Demographic Characteristics
Demographic characteristics, such as gender, marital status, education, ethnicity, age, income,
number of young children ( financially dependent children ) , housing tenure and years in service.
Financial Wellness Scale
This researcher has obtained from Personal Finance Employee Education Foundation through Ms.
Mary Moldenhauer, a paper approval for the use of their developed and validated Personal Financial
Wellness Scale.
PFEEF is a non –profit organization that promotes and facilitates financial education in the
workplace with address at 9402 SE 174th Loop Summerfield Florida,United States 34491.
The Personal Financial Wellness Scale is an eight –item self–report subjective
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Questions On Financial Literacy Skills
Introduction The objective of this report is to analyse two clients using primary and secondary data
in these following areas:  Their financial Literacy skills  Their risk Tolerance  From the data
how will you effectively communicate in relation to the two clients  Email regarding
communication effectiveness within the business To assess the above criteria a hypothetical scenario
was made that both clients had received an inheritance of $40,000 and how with go about investing
their money investing their money. The effective communication is to address common business
communication skills, where email will be developed to inform and outline effective letter writing
skills. Financial Literacy Skills Financial literacy is relatively broad to define, as it solemnly
depends on ones knowledge and ability to interpretation of financial terms and concepts
(Worthington 2006). An individual understanding financial literacy revolves around influential
aspects of their lives such education, experience, income and work experiences. The two clients
analysed in this report both had different understanding of specific financial literacy skills. Client 1
Client 1 was a 23 year old male born overseas , who works within the financial sector and held a
bachelors degree in business & commerce, his financial literacy skills were good certain areas. His
strengths revolved around a good understanding on superannuation and the housing markets. His
weakness revolved around understanding the
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Financial Literacy Course Analysis
Financial literacy courses should absolutely be mandatory in the process of graduating from high
school. It's an essential piece to one's' survival in life. It holds weight as far as its applicability to the
real world, therefore abandoning the, "It doesn't matter! I won't ever have to use that in real life!"
types of arguments.
Financial literacy definitely wasn't available to everybody some time ago, and it still isn't to be quite
frank. The average American doesn't really know everything they need to know about financial
literacy. In the New York Times, an article, written by Tara Siegel Bernard, it delved right into it,
saying, "Most of us received no formal instruction on financial matters until it was too late"(S1) and
to be forthright, I do not want to be in that boat. "Understanding concepts like the time value of
money, risk and reward, and, yes, the importance of savings."(S1) can shape a well rounded
American, and I feel most students would like nothing more to keep striving towards that.
The numbers aren't looking too good. "Just 13 states require students to take a personal finance
course or include the subject in an economics course ... Show more content on Helpwriting.net ...
Journalist Greg Burns, brought up that Loyola Willis, "professor at Loyola Law School in Los
Angeles"(S2) brought out some game changing evidence."She cites examples, such as the high
school students who took a semester–long personal–finance course and tested worse than those who
didn't. Or the graduates of retirement–planning classes who thought their literacy had increased,
when their financial test scores had not."(S2) which certainly doesn't uplift spirits for bringing in
mandatory financial literacy classes, but you have to think. Everything doesn't work out for
everybody. If you drop 3 people off in the middle of the forest. Give them each rifles and set them
off on their ways........ And maybe one of them may use it or even use it correctly and kill some
game to
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Financial Literacy In High School
Despite the natural, physical growth of mankind, the expected mental development from
adolescence to adulthood requires much more nutrition than a well–balanced diet. Unfortunately, it
is apparent that some children are not provided with proper parental guidance during the most
crucial years of adult development, and due to this tragedy, the neglected youth relies solely on the
state's public educational system to further develop necessary qualities of a successful adult.
Throughout grade school, children are only required to learn the core subjects of English, History,
Math, Science, and as well as health related classes such as Physical Education, and although each
of these subjects are necessary for basic education, there are far more important ... Show more
content on Helpwriting.net ...
The majority of high schools in America offer some sort of "Home Economics" course as an
optional elective class, and although these classes may be very beneficial to the students' adult
development, there are still no reported cases of a mandatory, fully in–depth Home–Living course
that is required for all students attending a high school. Some might ask why the course is Home–
Living instead of Home Economics, and the answer to that is because the Home–Living course will
exclude the previously covered information in the mandatory Financial Literacy course in order to
focus strictly on the skills that are required to prosper in a healthy life. The priorities of the course
should be proper education on nutrition and cooking, appliance operation, and shelter maintenance.
Further explanation on nutrition and cooking should be emphasized in order to bring complete
awareness of the harmful effects of obesity among young adults to ensure safe, healthy eating
(qrcodestickers.org). Physical appliance operation should also be available in each Home–Living
course in order to allow students to directly learn how to properly use potentially dangerous
equipment such as an oven and stove, clothing iron, or sewing machine. Lessons on shelter
maintenance will also influence safety for
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Financial Literacy Essay
FINANCIAL LITERACY
"Financial literacy is one of the most important investor basics, especially if you want to be a safe
investor, an inside investor, and a rich investor. Anyone who is not financially literate cannot see
into an investment. Just as a doctor uses X–rays to look at your skeletal system, a financial
statement allows you to look into an investment and see the truth, the facts, the fiction, the
opportunities, and the risk. Reading a financial statement of a business or individual is like reading a
biography or an autobiography."
"A business has a financial statement, a stock certificate is a reflection of a financial statement, each
piece of real estate has a financial statement, and each of us as an individual human ... Show more
content on Helpwriting.net ...
A sophisticated investor reads the numbers to get the true story and begins to see things that the
average investor does not see. A sophisticated investor must see the impact of government
regulations, tax codes, corporate law, business law, and accounting law. One reason it is hard to find
accurate investment information is that to gain a full picture requires financial literacy, an
accountant, and an attorney. In other words, you need two different professionals to get the real
picture. The good news is that if you take your time and invest the time to learn the ins and outs of
what goes on behind the scenes, you will find investment opportunities and great wealth, wealth that
very few people ever find. You will find out the truth about why the rich get richer, and the poor and
middle class work harder, pay more in taxes, and get deeper in debt. Once you know the truths, you
can then decide which side of the quadrant you want to operate from. IT'S NOT HARD; IT JUST
TAKES SOME TIME...TIME THAT PEOPLE WHO JUST WANT A HOT INVESTMENT TIP DO
NOT WANT TO INVEST."
"When you come to the boundaries of what you know, it's time to make some mistakes."
"The streets are a very tough teacher. In school, you're given the lesson first. On the street, you're
given the mistake first and then it's up to you to find the lesson, if you ever find it...in
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Financial Literacy Classes
It's no secret that a majority Americans struggle with all things finances. The jargon alone is enough
to leave many confused, and with the complexities of modern economy becoming an ever
increasing tangled mess, Americans are looking to do something about it. One popular suggestion is
financial literacy classes for high school students. While the idea sounds promising, the reality of
these classes is rather farfetched. People praise the thought of implementing financial literacy into
our school system in order to help kids in their future. This praise is filled with good intentions, but
the sad fact is that this is not in a student's best interest. Financial literacy courses are a façade
designed to sweep problems under the rug in order to project false images of the American dream.
To reiterate: it doesn't work. In a study from Harvard Business ... Show more content on
Helpwriting.net ...
[is] not particularly helpful. Those who receive it do not perform noticeably better when it comes to
saving more, for example, or avoiding ruinous debt..." This is just more proof at the ineffectiveness
of financial literacy classes. In fact it would be a waste of space in a school. Most teens already have
a basic understanding of finances, so forcing them to take an ineffective class when they could be
taking a college/career preparatory class instead is idiotic. Students should learn discipline and good
moral character outside of the school in order to help them in their future endeavours rather than be
spoon fed the lessons they should already know. Earlier in the aforementioned paper, the authours
expressed that, " ... even the most time intensive programs – those with more than 24 hours of
education and training, almost the length of a college course – had no discernible effects just two
years later." With all of the mounding evidence it is safe to say the idea of financial literacy courses
should be put to
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Outline On Financial Literacy
A. The problem
a. Americans are overly confident when it comes to finances, yet many Americans do not have a
solid financial plan to ensure a financially secure future.
B. The Reasons
a. Financial literacy is not part of the American education system. When I was in high school,
nobody taught me how to plan for retirement, nor did they teach me how to file my taxes, and they
sure didn't teach me the importance of money management.
b. In the first large–scale international study of 15–year–old students' financial literacy skills the
U.S. ranked 12th out of the 18 participating countries
c. Adults haven't fared any better. In a retirement income literacy survey conducted for The
American College of Financial Services last year, 80% of the
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Financial Literacy For Children
Financial literacy for kids starts at a very young age. In fact from the moment your child first sees
you handling money they begin creating ideas of what money is and what it does. Because the
lessons your children learn about money are critical to their financial future, it is absolutely
necessary that you become a good role model for your children. Believe it or not parents you have
everything you need right now to help your children become financially responsible. Here are some
ways to take what you already have and become a role model for your kids. The first thing to do is
take an honest look at your financial situation. Regardless of whether it looks good or bad you can
teach your kids. Here are some things to consider when looking at
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Financial Literacy Research Paper
Financial literacy classes are problem today. Many people say that it is a necessary course to take,
others disagree and say the course does not help. So what is the best choice to take? Financial
literacy classes are essential because many students are not taught at home, it teaches students how
to have a good budget, and also helps students with life situations. It's important to have financial
classes to help students before they graduate high school.
As students grow up they will end up with more responsibility's and so they will have to learn how
to save money. But parents are not doing their part on teaching their children the basics of managing
money. "Finance Course Prompts Debate" states, "Studies have shown that only 26 percent of 13–
to 21–year–olds reported that their ... Show more content on Helpwriting.net ...
"Tara Siegel Bernard" states, "And I'm not just talking about learning to balance your checkbook.
It's understanding concepts like the time value of money, risk and reward, and, yes, the importance
of savings." The author understands that students not only have to learn to balance their money, but
also learn how to manage money in certain scenarios. Author "Gina Davis" says that financial
classes are to expensive and it is not effective. He also states that, "The $600,000 is a low cost if the
course is effective. An effective course will return that investment. It is a high cost if it is
ineffective." However we know that the courses are effective because "Tara Siegel Bernard" states
that, "College students who came from states where there was a course required were more likely to
budget, were more likely to be saving, and were less likely to have maxed out their credit cards in
the last year and were more likely to be paying off their credit cards fully" Schools must teach
students to proper way of investing money and have a balanced checkbook. Without them
Americans won't be able to make the right choices in certain
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Synthesis Essay On Financial Literacy
Financial literacy is the key to financial stability. So, why do so many Americans, who have stable
environments, struggle with this important skill. Here is the answer, this life standard is not properly
taught in today's time. Now as a high school student in the state of Tennessee, personal finance is a
credit you must take in order to graduate. With that being stated, many of the students did not care
about the subject, they just had to pass to graduate. I have learned more from my parents' teaching
me early than that one semster of just watching videos. Financial literacy courses should be taught
at a higher level of maturity and with a more effective outcome. Source #3 provides many examples
on how to approach financial literacy courses.
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Financial Literacy
For a majority of young adults, college is the beginning of financial independence. It leads to a
greater responsibility for students to make sound financial decisions. Young adults are faced with
many new financial challenges that require a high level of responsibility (Lyons et. al, 2006). Once
at college, many students are confronted with financial challenges such as: paying rent, writing
checks, and taking out loans for the first time.
If used responsibly, credit cards can work in favor of students. They can establish a credit history
and practice good financial habits. A study completed by Cliff Robb in 2011 examined the
relationship between financial knowledge and credit card behavior of college students.
Approximately 80% of college ... Show more content on Helpwriting.net ...
Lyons et al. (2006) determined that the majority of college students (76.7%) indicated that they had
gone to their parents for financial information. A study completed in 2010 by Bryce Jorgensen and
Jyoti Slava tested the perceived parental influence on the education of the financial literacy of
college students. This study found that parental income had a significant influence on the perceived
parental influence of financial knowledge on students (Jorgensen and Savla, 2010). Parents earning
higher incomes had their children perceive a greater amount of influence that they had on their
financial literacy, and the more positive that their children's financial attitudes and behaviors tended
to be (Jorgensen and Savla, 2010).The study also indicated that students who reported learning
about finance explicitly from their parents had better financial attitudes and behaviors, yet lower
financial knowledge than students who reported learning only implicitly about finances from their
parents (Jorgensen and Savla, 2010). These findings were attributed to the fact that parents with
higher incomes have a greater number of opportunities to interact with their children in a diverse
financial transactions than parents with lower incomes, such as buying a car or renting a college
apartment. (Jorgensen and Savla, 2010). A separate study showed that high school and college
students who observed their parents in financial experiences, such as observing the saving habits of
their parents, had a greater amount of financial investment knowledge and savings (Peng et al.
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Financial Literacy Involves The Choices
Financial literacy involves the choices you make about how to secure the resources that you need to
fulfill your basic needs and achieve your goals. Financial literacy involves is a toolbox that contains
many different tools. Below is a discussion of some of those tools.
Money Choices – the medium of exchanged used to acquire good, services, and typically used to
satisfy debts. Money flow to us from a job, government assistance, child support, family, and/or
friends.
Banking Choices – A bank is a financial institution that will allow you to conduct several financial
transactions. A bank offers a savings account where you can accumulate your money. A checking
account that enables you to pay for goods and services using checks, a money ... Show more content
on Helpwriting.net ...
It is important to distinguish between types of loans.
There are two types of loans: secure and unsecure. o An unsecured loan occurs when a third party
(bank or financing company) provides you with money and you repay it monthly. You do not have
to provide the third party any asset of value to acquire the loan. Typically, your credit score is the
only resource needed to acquire an unsecure loan. The higher your credit score – the less service
charge or interest you return to the lender for using its funds. o A secured loan occurs when a third
party (bank or financing company) provides you with money and you repay it month. However, you
have to put up collateral (assets of value). Lenders will take the house or car titles as well as stock as
loan security. o If you do not have collateral, the third party might require that you get a cosigner,
who acts as your collateral. If you do not repay the loan, the cosigner will have to pay. Given your
financial situation, the third party may seek repayment from the third party instead of following up
with you. For example, you are laid off from work and begin to collect unemployment. Since your
income is unreliable, the lender may seek repayment from your sister because she has been a
teaching for 10 years. PayDay Loans
Pay Day loans are unsecured loans. Your paycheck determines the amount you can borrow. Payday
loan companies are not categorized by the federal government as
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Financial Literacy Essay
Financial Literacy
Doing the Salt online courses helped me better manage my money and have initiated my search for
a good credit card. Since doing the budgeting and credit courses, I've committed to what the courses
taught me. Before the budgeting course, I would not look at my spending habits. In the course, I
learned the differences between fixed and flexible expenses and how to categorize my current
expenses. After taking the course, I started to overlook all my transactions, was more mindful of my
spending, and started a savings account. I no longer make unnecessary purchases and am enjoying
watching my savings grow. The credit course gave me a good background to what credit is and what
it is used for. I now realize, that I should ... Show more content on Helpwriting.net ...
Although I haven't submitted all three of my scholarships, I have gotten all of the information filled
out, and have started a draft for their questions. By the end of this semester I will have applied to the
general UNR scholarship, the Doyle Foundation scholarship, and the Reno Rodeo scholarship. This
semester I learned that there are very little scholarships open in the fall. In my initial search for
scholarships, I listed all the ones I would like to apply for next semester, so I'll be set for then. I also
learned that another good resource for scholarship lists are from the emails I had received from my
high school career center teacher. A couple of the ones she sent out are still applicable to college
students and are local, so it's a better chance of me winning them.
Explain how receiving TRiO funding would contribute to your academic success. [150 words
minimum]*
As I am going into my 300 and 400 level engineering classes, not only does my excited for them
increase, but also the tuition because of the extra $85/credit differential fees. I am starting to see that
I may have to pay out of pocket because of these fees. I already work with DFS for 10 hours a week,
but if I have to dedicate more time to another job, I fear that my grades may suffer. As it is right
now, I am almost entirely focused on my classes, and I am benefitting from it greatly. I am still on
track to keep my 4.0 this fall semester,
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Negative Essay On Financial Literacy
Introduction Financial Literacy is "the ability to use knowledge and skills to manage financial
resources effectively for a lifetime of financial well–being." Many people in America today, old and
young, lack financial skills such as, paying taxes or money management. The main significance of
taking a financial literacy course is to inform people that there are ways to manage money and save
for investments. Financial literacy has helped high school and college students branch away from
home, inhibit poor economic decisions, figure out plans for after retirement, and help companies
produce, save and invest money. In 2007–2009, America went through a financial crisis that caused
an increase on the federal budget deficit, and it was allegedly the worst since the Great Depression.
This crisis led to lack of budgeting, interest, and long–term financial planning. "These widespread
financial problems may be remedied if people were more financially literate" (Wagner). Without the
proper financial training common Americans need, they will not know how to redeem and support
themselves from financial crisis such as this one. Thinking About Your Future Financial literacy has
many short–term and long–term positive effects on people in America. If this curriculum is being
taught in high school, young adults will have better comfort and understanding of financial matters,
which will lead to better financial decisions (Bernheim, Garrett, Maki). Researchers did a national
survey called The
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Mandatory Financial Literacy Class
7748
Mandatory Financial Literacy Course
Many different studies have shown that having a mandatory financial literacy class would not be
helpful for students because they think that they know everything when they do not and when tested
they don't score any better than those that do take the course. The mandatory financial literacy class
is not good enough right not for a changing world. Therefore, students should not be forced into a
class that might hurt them in the long run.
First, with 13 states already having a mandatory financial literacy class, many studies have shown
that those classes are not working but might give them false hope that they know what they are
doing. Tara Siegel Bernard quoted Annamaria Lusardi in a New York Times article that schools need
to start teaching the basics of economics so that the students can "'make financial decisions" on their
own. However, this is just giving the students false hope because in another article from the Chicago
Tribune, by Greg Burns, he says that there is more and more evidence stating that the classes are not
only not working but "worse, they may actually hurt," the student. He continues ... Show more
content on Helpwriting.net ...
This is correct, if they could make an effective course that would be great. However, Burns says that
the only effective way to teach these classes is an "one–on–one counseling," which would go way
over the 10 teachers and six hundred thousand dollar budget in the Maryland school system. In a
New York Times article by Richard H. Thaler, he says that the courses "don't work." In a Harvard
Business School study, they found that over the past two decades "were no use at
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The Importance Of Financial Literacy Campaign
Fourteen hundred billion dollars. That's how much Americans owe in student loan debt (Federal
Reserve). And yet we continue to fund our education with loans. While I am striving to obtain a
debt–free education, many of my peers don't have the same goal. And even I don't completely
understand common monetary proceedings like mortgages or tax returns. To succeed during and
after college, we young people need to understand how money works and how to use it wisely. My
generation isn't the only one that that needs help––younger kids need to prepare for their financial
futures too. That's why we need a full–on financial literacy campaign, combining in– and out–of–
school support.
First, financial literacy needs to begin long before high school. ... Show more content on
Helpwriting.net ...
While many high school students do take economics before graduating, these one–semester courses
often take general, sweeping looks at money, only touching lightly on everyday financial dealings
and how to approach them. I took economics my junior year, and learned very little on how to
manage my finances. However, this year I am taking the Dave Ramsey Personal Finance course and
learning practical ways to manage money now. I've already started a financial tracker in my bullet
journal, where I carefully record my income and expenses. I also understand much better how bank
statements, monthly budgets, and checking accounts work. I'm learning to evaluate and change my
money habits. I'm also learning how to set and reach long– and short–term financial goals. All
students need a hands–on, in–depth finance course like this to grow toward financial literacy.
While in–school programs and courses can improve our financial literacy, they can only do so
much. The majority of money management has to do with mindset and behavior (Dave Ramsey).
That's why we need financial literacy practice outside of school. Teens need extracurricular
programs where we can apply budgeting skills to specific, real life situations and get assistance with
financial processes. I attend my local Alpha Kappa Alpha chapter's A.S.C.E.N.D. program, and
some of their sessions include financial training. Last year, a representative from a state school
explained various forms of
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Synthesis Essay On Financial Literacy
It is no secret that the financial system in The United States of America is incredibly complex and
difficult to fully understand. As more and more people go into debt each year, it becomes clear that
every American needs some help when it comes to financial literacy. However, the implementation
of a financial literacy course is not a good solution. A course in financial literacy would end up
being a waste of time and money because the class would cost the school board a large sum of
money that it already does not have, and the students would not actually acquire much benefit from
the class.
Schools are getting less funding from the government every year and most school budget are pushed
to their max. When it comes to even considering the ... Show more content on Helpwriting.net ...
In the article "Financial education leaving Americans behind" the author, Greg burns, references a
study at conducted at Harvard business school where they found that, "...[financial literacy]
programs in widespread us during the past two decades were no use at all."(Document B, p.g.2).
Financial literacy is not something that you can teach for a year and expect all student to fully grasp.
High school is simply too early to teach it. Very few high school students are thinking about future
economic responsibilities and any advice that is given to them through a course will not be retained.
The reality of the situation is that learning decays quickly. The best course of action then it comes to
teaching people how to manage their finances is give them the education just before they have to
actually make the decision (Professor Lynch, Document C, p.g. 2). Think back to some class you
took years ago. How well do you really remember its subject matter? Could you make an informed
decision now based on information you were told years ago, and haven't used since? Odds are you
probably could not. Is it really very plausible that high school students will remember a financial
literacy class they took in high school when it is time to start6 planning for retirement? I know I
would not remember after all of those years. A financial literacy class
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Financial Literacy Essay
Financial Literacy Review The area in which I spent the most was definitely transportation however,
this expense was an absolute necessity that I could not avoid. Being raised to be conscious about my
money spending habits and to always look for a bargain was not something I could necessarily put
into practice concerning this area. Areas where I spent the least would have to be personal care and
personal extras; there is always a great sale and or off brand personal hygiene product to be bought.
When I don't buy the flashy product with the pretty packaging and well known name I save a bit of
money in the process. The fact of saving money on products like these is so liberating and I get a
huge adrenaline rush out of it! As far as ... Show more content on Helpwriting.net ...
Money does not define who I am or what I am meant to do in this world God does that. It has been a
real challenge not having a job when society is constantly telling me that I need one right now at
this point in my life. I know that God is teaching me very valuable lessons by my not obtaining a
job yet and I trust his plan and ways. To improve my money matters I do believe that it is okay and
important to treat yourself every once in awhile. I do not take up this practice very often and should
now and then. In saying this though, I will treat myself on a budget and continue to hunt for a
bargain always. Obviously one great way to improve my money matters is to obtain a job. I will
continue to do just that but if my search goes weary I will be content with all that I have and will
trust God to provide for me.
As far as credit cards are concerned three good reasons for obtaining one are; they aid you in
establishing your credit score as well as history. Credit cards are also great if there is an emergency
that requires immediate financial action and assistance. Lastly, credit cards offer many benefits such
as cash back, rewards, and discounts. The negative effects of credit cards is that they often come
with high fees and interest rates. One other negative drawback to obtaining a credit card is that
individuals can get themselves into
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Financial Literacy Classes Essay
As the years go on, more and more states require their students to complete a personal finance or
financial literacy course. For example, in the state of Tennessee it is required that all students must
take a half credit, or one semester, of personal finance to graduate high school. However, some
people may ask themselves, do required financial literacy classes actually help students? The answer
is yes, required personal finance and financial literacy classes do help students and young adults in
their futures as they graduate high school or college, and they should be mandatory across the U.S.
Requiring students to take a personal finance course does help students make better financial
decisions later in their lives. Many teenagers and young ... Show more content on Helpwriting.net ...
is because many schools are either not putting enough emphasis on the class or they are treating the
class like a core course such as science or history. Personal finance classes should be treated like
sports in a way. There are so many different situations and possibilities based on the actions of the
individual that there isn't a clear cut right answer to every problem. Students have to practice
different situations and treat the class like it is happening to them in real life, just like how a sports
practice mimics a real game. Matthew Frost, an 11th and 12th grade American history and
economics teacher at Sunset High School in Dallas, tries to bring his personal finance lessons to life
by pairing students up as married couples and giving them a couple "children" to be responsible of.
During the class, "Students must then create a budget based on the average income range for their
neighborhood, or about $21,000 to $40,000 per year...Mr. Frost has them randomly pick 'chance
cards' from a bag, which might tell them they need new brakes for their car, broke an arm, suffered a
death in the family, or found $20". Students also learn investing money, how to use credit wisely,
insurance, and careers. One of his previous students wrote to Mr. Frost about his experience and
said, "I [also] learned that good budgeting has to be maintained throughout a person's life no matter
the income, no matter the living
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Economic And Financial Literacy In America
Economic and Financial Literacy in America
Introduction
What would it take to improve the level of economic and financial literacy in Americans? Gupta, A.
K. (2006) quoted Chris Farrell as stating that "the case for economic literacy is compelling to the
extent that it helps people navigate better through this world." There are many financial decisions
that Americans are required to make throughout their lives such as managing income, deciding what
expenses are necessary like food and housing, budgeting for other necessities, saving for retirement,
and hopefully achieving the American Dream by creating wealth. Without economic literacy there is
a danger of making bad decisions and poor choices that can hurt one's potential to not only create ...
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This means that in order for campaign to be successful with all age groups, there must be separate
campaigns for each group. For children, playing games like "store" or "bank" are excellent ways to
educate about financial principles. When children ask to buy something that is not affordable, or
within the family budget, parents need to seize that opportunity to teach their child by answering
"we cannot afford to buy this now because we need to save money for things we really need or
want" instead of replying "I don't have any money." These simple conversations and activities will
make an impact on how a child who is barely beginning to understand basic financial principles
feels towards budgeting and will help to solidify their understanding of those basic principles. For
teenagers, in addition to more complex but fun games containing financial principles, role playing
and pretending to conduct financial transactions is a great way for them to master basic financial
skills. Children and teenagers learn best by participating in activities where they learn through
experience. McCallister, C. (2002) confirms this by reporting that "learning is essentially a social
process and that the social process enhances learning outcomes, and that modeling, demonstrating,
describing, and explaining really do help to foster learning understanding." Internet, media, and
billboard campaigns
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Financial Literacy
Americas debt has doubled over the past several years, and most Americans do not know how to
manage their finances. One of the only solutions that come to mind when thinking of how to make
the economy better is financial literacy courses. [Thesis] Students should be required to take
financial literacy class before graduating high school because [Reason 1] people need to learn how
to logically make financial decisions, [Reason 2] and also to prepare people to make important
economic decisions in an ever changing economy. Some people debate that financial courses don't
work and that for a class that it is not logical spend 600,000 dollars on a class which is suppose to
teach students how save money is senseless. In the article "Financial Cause Prompts Debate" by
Gina Davis, "The $600,000 is a low cost if the course is effective. An effective course will return
that investment. It is a high cost if it is ineffective. "The initial cost would be a large amount but
wouldn't it be worth the expense if in the end the money would be one of the best investment that
could be made. ... Show more content on Helpwriting.net ...
There is a surprising amount of people that don't know how their credit works. Almost everyone has
to make financial decisions before they even graduate high school, and most struggle after making
that decision since they were not prepared to make that
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Financial Literacy Papers
What is financial literacy? Why is it so important? Why should people of all ages learn about
financial literacy? What benefits does teaching financial literacy provide to those of young ages?
Those are all questions which many ask. According to Investopedia financial literacy is defined as,
The possession of knowledge and understanding of financial matters. Financial literacy is mainly
used in connection with personal finance matters. Financial literacy often entails the knowledge of
properly making decisions pertaining to certain personal finance areas like real estate, insurance,
investing, saving (especially for college), tax planning and retirement. It also involves intimate
knowledge of financial concepts like compound interest, financial ... Show more content on
Helpwriting.net ...
These types of people learn from pictures, movies, presentations, color variation, and/ or videos. For
example, if a teacher is trying to teach the student to tie his shoe laces, he or she can use two colors
of shoe laces to make it easier for the child to distinguish both of the laces and explain by
demonstration step by step. Another example is when using parts of speech one can use different
colors to differentiate between the verbs, adjectives, nouns, pronouns, etc. Aural or auditory learners
learn from. Those types of people exercise their sense of hearing. For those of younger ages, one
can teach songs such as "Heads, Shoulders, Knees, and Toes," use voices in storytelling, and/or use
sing–alongs. For older ages, one can play some music while the students are working, or ask the
students to create a song and lyrics or a story pertaining to a certain subject. Linguistic learners, also
known as verbal learners, learn by taking notes, reading aloud, or listening to lectures. If teaching a
subject such as spelling the teacher could ask the student to write each word five times, or spell or
listen to it out loud. Kinesthetic learners love being physical, engaging their body in activities.
These are the types of students who might not benefit as much from listening to lectures, but are
more hands on. They like demonstrating what they learned by using techniques such as plays,
models, experiments, etc. "For example, if
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Financial Literacy Argumentative Essay
As of today only one state has received an A+ grade from the CCCFL for their financial literacy
courses taught in high school, while many states offer no personal finance courses at all. High
school students are subject to many dangerous ploys that are obscure and meant to lure them into
costly decisions as soon as they turn eighteen. This may be through credit card offers, student loans,
elaborate scams, or simply deceitful advertising. These traps may stay with the student for the rest
of their life, such as identity theft or high interest debt that will take decades to pay off. Statistics
reveal that 75% of credit card carrying college students were unaware of late payment charges,
additionally the late payments are typically the minimum ... Show more content on Helpwriting.net
...
After fifty years with a compound interest rate of 8%, the $10,000 is now worth over $450,000. This
is with no additional contributions! Only the initial investment. The ability to utilize compound
interest, such as investments in the stock market, will yield the investor much more money rather
had it all been sitting in a savings account. We consequently see that investing in time is much more
beneficial than investing in money. In other words, decisions shouldn't be made based off what
would yield the most money in the shortest amount of time, instead the costs and benefits should be
weighed with a long term time frame in mind. These returns are possible because compound interest
allows the investor to earn interest not only the initial investment, but also on the money the interest
has earned in the past, while simple interest only earns the investor interest on their initial
investment. While in the past 40 years the total US stock market has yielded an average 8% return,
not every year will yield 8% in returns. For example, the total US stock market yielded over 20%
over a dozen times in the past 40 years, some years reaching over 30% returns! While in contrast,
there have been multiple years of negative returns, resulting in the decline of the price of
investments. For these reasons, the buy and hold strategy
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The Impact of Financial Literacy Education on Subsequent...
Article Comparison
Mandell, L. & Klein, L. (2009). The impact of financial literacy education on subsequent financial
behavior. Journal of Financial Counseling and Planning 20(1): 15–24. The data presented in this
article is comprised of quantitative assessments of financial literacy in a population of 79 students
one and four years after their participation in a financial literacy education course. The data is
presented and interpreted in both visual/graphic fashions and in textual examinations and
explanations, meaning that both directly observable quantification and qualitative interpretation is
provided. Because of the extensive and multi–layered presentation of this data, it is highly possible
for the reader to develop their own interpretation and summary of findings through an examination
of the raw data tables and hose that present basic summary statistics, meaning the summary
provided by the authors does not have to be relied upon as the certain and complete summary of the
data. This is not ultimately of major importance, however, as it is difficult to interpret the basic
findings of this research in any way other than that presented by the authors. Because the population
of research subjects was selected from a singular area without a broad range of significant
demographic differences, it does not appear that there are any relevant variables that were not
addressed/controlled/accounted for in the research and the results. The argumentation provided by
the
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Why Financial Literacy Is Important
Financial Literacy is the focal point of the Everfi program. This program covers everything from
responsible money choices to savings and interests. And prepares us for what responsibilities we
will have after we are out of our parents financial wings. Overall Everfi is a helpful tool for young
students who do not know much concerning finances and money. One of the most interesting parts
of Everfi would be the unit which talked about stocks and bonds. This portion was engaging because
it told of the different productive ways to make money with a bank. And informed on how bonds are
lower risk than stocks, this is useful because if I ever decide to invest I know which will be more
beneficial and will have less risks. Making the stocks ... Show more content on Helpwriting.net ...
This miniature quizzes tested your knowledge on the subject, which caused me to realize whether or
not I needed to pay strict attention. Also, the tests at the end of each unit provided an estimate on
how much was learned. These both were especially helpful in making sure I knew what was going
on. One thing about Everfi I did not appreciate were the games I had to complete before being able
to move on to the next unit. These games, however short, were painfully annoying and did not
produce any helpful information. In addition, they seemed to be geared towards younger people. I
did not find them helpful nor informative, therefore this is the one thing concerning Everfi I would
change or completely erase. Everfi has one goal; to create financially proficient young adults. This
program helps with so many subjects concerning finances. Which is extremely advantageous,
especially for those who are not wise in the ways of money. I am personally thankful that I took this
course, because it proved beneficial and added to my knowledge about money. Finally, Everfi was a
creative and inspiring program which inspires me to be more conscientious when dealing with
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Financial Literacy Class
Financial literacy class credit isn't needed
The discussion weather or not we need credit for a financial literacy class or not has become a big
deal. We all have our opinions on if it does or doesn't. I believe that a financial literacy class
shouldn't have a credit needed to graduate. Reason for this is because High School students already
have enough credits they need to get and also it seems like a street smarts class. Something that
most of us should already know well enough to be fine off.
The students in High School have tons of other classes that take up credits to graduate. Weather it is
electives or just core classes. Putting a credit needed on a class that doesn't necessarily seem
"needed" would just put more stress on the student.
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Financial Literacy
My mother says, "We are blessed to have an education, an education that holds key ingredients to
being successful, a successful life filled with endless assets." My teachers says, "Education can lead
one to many roads ahead of one's life." However not one talked about the reality of financial
literacy, money talk. The value of how money can make one rich or one poor. Quotes Robert T.
Kiyosaki, "Simply put, without financial literacy and the knowledge of how money works, they are
not prepared to face the world that awaits them, a world in which spending is emphasized over
savings." It is this reality that makes my life and career choice stressful–endlessly. Money talk is not
simply formulated to be solvable, it is a complex equation that revolves around steps after steps to
be able to master it endlessly. That is why mastering financial literacy is a formulated equation that
takes years to master for any individuals. However, if applied to my life and career, I see that
financial literacy takes a huge part in understanding what my assets and liabilities are. When money
talk is talked upon, money comes in and out of my daily life because money can give me pleasure
without ever flinching my eyes. So being able to understand the importance of financial ... Show
more content on Helpwriting.net ...
Spending your money wisely is key when it comes to an education from the start to the finish. When
understanding financial literacy putted into my education, I'm able to set forth my path into my
career. Meaning I am able to retire sooner with assets that I can keep in the long run. Also with
income coming in without ever leaving my house because I understand the importance of financial
literacy. Because money is working for me not me working for money. That is the truth of
understanding financial literacy that when money is working for you, money talk is like a river,
flowing
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Financial Literacy Course Analysis
The idea of adding a financial literacy course into schools curriculums and requiring students to take
it before graduating is a current decision being considered by numerous school districts. Supporters
of this idea say that it would have a positive effect while the people who oppose this idea state that
financial courses don't work. Financial literacy courses would benefit many Americans and could
have prevented some of the financial mistakes they have made. In the article "Working Financial
Literacy in With the Three R's" by Tara Siegel Bernard, published by the New York Times,
Annamaria Lusardi states "We need to teach the basics of economics and finances so people can
make financial decisions in the world". Inputting financial courses into high schools would allow
students to learn the basics of economics to prevent financial mistakes and would prepare the
students for the financial decisions they would have to make in the future. These financial courses
would not have a negative effect but would have a positive effect on high ... Show more content on
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these courses are being used to educated students about financial literacy to better prepare them for
the future. As stated in the article "Financial Education Leaving Americans Behind" by Greg Burns,
"Utah, Missouri and Tennessee require students to take a semester–long personal–finance class
before graduating from high school..." While many people find these courses to be helpful others are
against this idea. In the article it states " Trouble is, growing evidence suggests that financial–
literacy courses don't work. Worse, they may actually hurt, in part by making their graduates
overconfident about limited skills". On the other hand supporters point to the fact that people who
were not required to take a financial course are not aware of how to take care of their finances.
Which is concerning and is a great example as to why schools districts should input these economic
courses into their
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Financial Literacy

  • 1. Financial Literacy By the time of Ashton's graduation, he knew how to find the value of x in a quadratic equation more easily than to balance a checkbook. His inability to know about financial literacy landed him into bankruptcy at the age of 25. Nowadays, young Americans who graduate will be asked to make financial decisions for themselves and high schools are failing to prepare them for the mathematics of the real world. Many students who leave high school face a similar handicap while dealing with simple deeds such as managing their loans, money and debt.Therefore, Schools in America should allow financial literacy in their curriculum since it gives a better understanding of financial management for the future. Opponents of teaching financial literacy may argue that it has a negligible impact on society, but that is not the truth. Knowing about financial literacy before college is 'too important to ignore'(Frost,3). It's crucial for making suitable financial decisions for the future and all of the students are going to use it in real life. In real life, students need to apply this knowledge ... Show more content on Helpwriting.net ... The recession was the eye–opener for numerous people as it made them realize the significant importance of financial education and how a single mistake could change a person's life forever. According to a news article for USA Today ' the recession really put a fine point on it.'(Morrison,4). The new focus on financial literacy to be taught in schools is to create financial literate students to prepare them for the real world economic problems. However, only 20 states in the U.S require to take a course in economics. According to a news article for USA Today teaching the students about 'the basics of economics and finances' is essential to make helpful finance–related decisions in the future ... Get more on HelpWriting.net ...
  • 2. Financial Literacy For Teens Essay Financial Literacy for teens Essay Financial Literacy for teens, The teen's guide to the real world of money by Chad Foster. Publisher, Rising Books, 113 pages. Chad foster was a former tennis player, and one of America's well known entrepreneurs. If you don't know him, I bet you know him for what he created. The Rubber playground surface seen at McDonald's restaurants was developed and marketed by him. Chad is also known for his best selling, Teenage Preparing for the Real Word, book and other life lesson books, tv shows. Did you know 95% of young people will earn more than 1,000,000 dollars over the course of their lives? Reading this you're probably thinking no way, but it's true. From the time you get your first job until the day the retire. You will have saved up to a 1,000,000 dollars. Chad Foster explains everything you need to know in a short book that has helped teenagers and even adults across the world develop good, safe, financial habits. Decisions that will help them be successful for saving and spending money wisely. ... Show more content on Helpwriting.net ... Over million dollars pass through teens fingers over the course of their lives and they don't even realize it. Chad Foster figured out, how to make money, how to keep money, and how to spend money wisely. In this book Chad tells you how to do that. Chad says. "Make Money While You Sleep" that means work smarter not harder and life will be easier for you. Why teach financial literacy? One third of high school seniors already use credit cards. 65% of college students carry credit cards, debit cards with more than half those students charging their cards to the limit. American lost 8.6 billion in personal property destroyed by fire. Teens overall spend 175 billion dollars per year. This book will take you step by step what to do and how to do it so those peoples we face won't ... Get more on HelpWriting.net ...
  • 3. Financial Literacy Class Analysis Many believe that financial literacy classes are helpful and a good tool for you in the future. Finance is a waste of time and the classes do not help you in any case. The material taught in these classes are not used in everyday life and the methods used in the class are not helpful in any way. To begin with, everything you learn in a financial class has nothing to do with anything you will have to deal with in the real world. As told in source #3 by Richard H. Thaler only one third of Americans over age 50 could answer 3 basic finance Q's correctly. The teachers are not teaching you the important things you need to know. Instead they show you uuuessary "lessons" that won't matter. According to source #2, "high school students who took a ... Get more on HelpWriting.net ...
  • 4. Impact of Financial Literacy on Financial Inclusion and... Abstract: Financial inclusion has recently become the buzzword among the policymakers and bankers and in academic research. It is considered as an integral part of the efforts to promote inclusive economic growth. Financial inclusion has been the utmost priority for the government of India as well as the Reserve Bank of India. One of the executive at a prominent Public Sector Bank says, Financial Inclusion is a social obligation for the government, and social obligation, mandatory obligation as well as Business opportunity for the banks and financial institutions. Financial inclusion represents the access to safe, easy and affordable financial services for poor, vulnerable groups, disadvantaged areas for accelerated growth and for ... Show more content on Helpwriting.net ... Financial inclusion and financial literacy: Having understood the simple meaning of financial literacy, now its time to get an understanding of financial literacy and its impact on financial inclusion. Financial inclusion: Before entering the concept of financial inclusion, let's have a look at some statistics: There are 403 million mobile users in India and out of them 46% does not have bank accounts. Nearly 400 million Indians have bank accounts and that is less than 40% of country's population. Account holding pattern of India, 39% of rural population have bank accounts and while 60% of urban population have accounts. Only 5.2% of India's 6,50,000 villages have bank branches. Nearly 80% of the Indian population is without life, health and non–life insurance coverage while whole life insurance coverage is 4%, and 0.6% have non–life cover. Rural India accounts for just 9% of total deposits, 7% of total credit and 10% of life insurance and 0.6% of non–life insurance. On one hand we talk about the increasingly aware Indian Middle classes who have access to disposable income and we also talk about how banks are providing them with various innovative new and attractive schemes and products and thereby are offering them with a safe and secure future. With all these and much more, by keeping in mind the recent statistics, can India really march ahead while the ... Get more on HelpWriting.net ...
  • 5. Financial Literacy Essay Financial Literacy is the key to Managing Money. Financial literacy is much more than learning of how to count your money when purchasing a gallon of milk at the liquor store. Financial literacy at times is mistaken for Economics, and it's easy to understand why. Yet, financial literacy is the understanding of how money functions in this world, how to properly manage it, how one would properly invest their money, and how to donate your money to help others. Sounds like a perfect curriculum to teach students? Yet, politicians, teachers, and school officials hardly take it serious in this day of time. Many schools lack the resources and curriculum to actually teach the students about financial literacy. Therefore, politicians should vote in enforcing the Department of Education to teach financial literacy to students in junior high and high school. The lack of financial literacy skills has affected many students in the American public school system. Researchers at University of Nebraska studied how students score on a standardized personal finance test. The results generated in this studied showed 6,700 U.S. high school students scored an average of 52 percent on this test. But, this was not the worst thing found in the study by the researchers at University of Nebraska. The worst thing found was a gender gap in the results of this personalized finance test. With boys scoring more than girls in 20 of 23 subjects in the test. Subjects areas in this personalized finance ... Get more on HelpWriting.net ...
  • 6. Questions On Financial Literacy Education Rationale: Financial Literacy Education, FLE traditionally assumes that the more knowledge a Financial Literacy Learner, FLL has the better the financial decisions outcome. In addition, government mandates address more objective financial approaches to FLE rather than those approaches related to attitudes and behavior of FLL. The use of personal experience and the telling of relevant personal stories are an impactful tool to use in the classroom. The idea of posing this research question is to find out if the promotion of personal experience via the use of impactful tools such as the telling of personal stories be encouraged for use in the classroom. This particular question sets to find out the relationship of FLE Educators personal beliefs and how they affect FLL overall personal financial satisfaction. An Integrative Essay and the Posing of One Research Question: According to Tisdell, Taylor and Sprow Forte a complex interaction exist between educator's beliefs and their pedagogical approach to the teaching practice in the classroom. Similarly, learners are affected by emotions and money when making financial decisions. Financial Literacy Education, FLE, learner's face a current risk for economic uncertainty and "income volatility" (Kindle, 2013, p. 397). A study done by Wheary, Shapiro, & Draut (2007), cited in Kindle, concluded that only 31% of middle class groups had an income to maintain middle class financial security. At any given point any financial ... Get more on HelpWriting.net ...
  • 7. Synthesis Essay On Financial Literacy Source one provides the best information about financial literacy for high school kids because they actually wanna learn how to balance their money and not just have people push the into the real world when they graduate with a blindfold on. The difference between source one and source two is that source two thinks that the students should be worried about their other grades. "High school students who took a semester–long personal finance course and tested worse than those who didn't". Some of the schools where saying that it's a disaster that they put the course in their schools. Even if we grade on a very generous curve, many Americans flunk when it comes to financial literacy. The writer thinks that it's best for all the schools should have a financial literacy class in the ... Show more content on Helpwriting.net ... Nobody wants to be in debt or owe student loans. So it best that whole they are in night school and they are listening to teach them how to provide for themselves and to know how to spend their money. Even though some schools didn't like it because they said the students were failing the last in the first semester doesn't mean it's a bad thing. Everything has a bad side to it you just have to know what side to look at and what side it best for you. Schools talked about building budgets,expenses, investing money and how to use credit wisely,insurance and careers. A few schools played the game Life with the kids to show them this is how the real world would look. But one of the student said that "life isn't so nice like the game", and that's true the real world isn't as nice like a board game. President Bush creates the first Advisory Council on Financial Literacy in ... Get more on HelpWriting.net ...
  • 8. Financial Literacy Analysis As a college student, I understand that financial literacy should be very important because it holds one of the keys to success. Reminiscing to the first time that I tried to apply for college, I realize that I had to pay a college application fee. I thought to myself where am I going to get the money. So I started to look for free college application, but then, I realized that the college tuition was going to be a factor. Henceforward, my mind started thinking about my high school Economics' class, and how important it is for me to learn about financing. Therefore, I started to get in order and prepare for a college financial budget, organize my current finances and lay out a future money budget plan. Now that I am a college student, I ... Show more content on Helpwriting.net ... I open my bank account statements, and I started to see how much money that I had in the bank. Then, I counted my cash money that was laying around my room. I wanted to know the total of cash money on hand. After I counted my cash on hand money, I decided to go to the bank and make a deposit into my bank account. In others words, I will have a better understanding of the money that I have to spend with my cash money being in the bank. As I laid out my financial plan for college, I can now organize a financial plan for the future. I have decided how much that I need to save each year to meet my goal and how much money I need to make to save for my future expenses. I know that eventually I will want to buy a car, a house and foreseen circumstances. So, I must start preparing to save my money now for my future. To that end, as I prepare for college, I must prepare for the future finances like I was taught in my high school Economics class. My goal for graduating from college is to become financial independent. One of the reasons that I chose my career goal of becoming a Neuroscience Lab Technician is to do something that I like and to become financial independent. Moving forward, I want to work and be happy knowing that I am able to be financially burden ... Get more on HelpWriting.net ...
  • 9. North-American Financial Literacy Money plays a big role in our life, yet as a society we hardly talk about it. We all desire it, but barely understand it; money has become one of the biggest taboos of today's society. Which has lead to widespread financial illiteracy Over the last few decades, today the average North–American has become ever more responsible for their own financial well being. Since the complexity in financial products as well as intensifying budgetary pressures have increased it has had a traumatic impact on everyone. One area where the average North –American's competency is suspected to be lacking is in the area of financial literacy, or the vocabulary, knowledge, and skills to make sound financial decisions based on one's budget and goals. Without these skills individuals find themselves at a disadvantage, and when a large portion of ... Show more content on Helpwriting.net ... The first section explores the levels of financial literacy among different demographic groups. The next section will be an evaluation of the financial outcomes experienced by people of varying literacy levels. Finally the last section will focus on factors that affect the decision–making process. will conclude this paper with recommendations for fixing financial illiteracy and improving an individual financial outcome in various ways. The state of financial literacy in the North America is poor. Most surveys show that many people have trouble with topics requiring numeracy and a knowledge of how debt products and financial assets work. Survey results from the Jumpstart Coalition indicate that high school seniors are failing in the area of financial literacy; on average, students answered correctly on 58 percent, 52 percent, and 50 percent of questions given in 1997, 2000, and 2002 respectively. Adults scored slightly better but still missed some basic credit and insurance questions. African–Americans and Hispanics generally scored below the average. Repeated tests on students in subsequent ... Get more on HelpWriting.net ...
  • 10. Financial Literacy Financial literacy has been one of the many courses that are not being recognized enough in schools today. Only about 13 states require their high school students to take a finance or economics course before they graduate. Although some people think that financial literacy courses are not efficient and should not be incorporated in schools due to ideas that it will harm the individuals instead of helping them. Financial literacy should be required because it helps the new generations understand the importance of money management in the real world, increasing awareness overall, and students are able to receive the necessary help from their teachers while learning about loans, budgets, and expenses. Financial literacy is important because ... Show more content on Helpwriting.net ... Source #1 suggests, "College students who come from states where there was a course required were more likely to budget, were more likely to be saving and were less likely to have maxed out their credit cards in the last year and were more likely to be paying off their credit card fully." This proves that the students that had taken a finance course are doing way better than those who haven't, based on the way they managing their money and are being fully aware of the results of how to deal with money and what the results are if you don't be careful. Furthermore, source #4 supports this idea, "I am concerned that we picked the low–hanging fruit, which may be the most expensive and least effective option." This means that it is troubling to think that people might be dealing with expensive debts due to not being aware of the other choices they could have chosen and saved a lot of money. Providing students with a financial literacy course will increase awareness to prevent students from having huge debts. The students will at least be able to acknowledge that they were aware of the consequences of their decision making with the financial literacy ... Get more on HelpWriting.net ...
  • 11. Taught Financial Literacy All Students Should be Taught Financial Literacy In school, students are taught about Math, Language, Social Studies, History. We get taught things that do not apply to the real world. We do not get taught how to save money for our futures and we also do not get informed on how there are not many jobs open for our generation in the future which is a problem. As you can see, if we do not learn about this topic at an early age, and it can act as a potential liability to our future endeavours which results in an overall negative impact on our lives. Being in debt is very stressful, it is like having overdue homework. You have so much to pay off and it eventually gets all piled up and you do not have enough money to pay it off. ... Show more content on Helpwriting.net ... Once you learn something at an earlier point in life, it is most likely to stay with you throughout your whole life. When a baby is born and it hears its family speaking in a certain language, it then starts to store those words in its brain and also starts to speak that language, that language is most likely to stay with that kid unless that kid starts to speak 2 languages. And just like that, when you are taught about financial literacy at a younger age, that information that is given to you is most likely going to be stored in your brain for most of your life. Not being taught about financial literacy can lead to having a heart attack, weight gain/loss problems, diabetes, cancer, high blood pressure, substance abuse, etc. I know a few people that are confused and stressed about their future jobs, their current jobs, managing bills, etc, and I always ask them what they would want to do to fix and and their response is "I wish I was taught about what financial problems could lead to." , and so that is another great reason to why financial literacy classes should be a subject. The pros in learning about financial literacy at a younger age can lead to living a better quality of life, lesser health problems (I have listed them above), and minor financial problems. These are my reasons to why Financial Literacy classes should be taught. Not having much information about Financial Literacy can lead to ... Get more on HelpWriting.net ...
  • 12. Assessment of Personal Financial Wellness of Teachers Proper financial education is an important part of life because it affects virtually every aspect of it. Everyone will likely someday face a difficult financial situation, whether large or small, that requires time and money. Having a good understanding of daily cash inflows and outflows in personal finances will help make tough situations less stressful and easier to handle. Cash (1996) Among five risk stressors in life ( relationships, work, health , crime/violence, & personal finance), personal finance was rated as the number one source of stress, concerns about personal finance are five times higher than those regarding health. Garman et al (1996) research has indicated a relation between personal finance stress and backache, ... Show more content on Helpwriting.net ... 2. Is there a relationship between the level of financial wellness and the demographic characteristics of the respondents? 3. What are the common sources of information on financially related decision that the public school teachers commonly accessed? 4. Personal perception of the teachers if they are qualified to integrate financial education in their respective subjects? 5. What are the most desired financial education topics of the respondents? 6. How many of the teachers have participated in a financial education program in their formal school or through their employer. Respondents The respondents are public school teachers of a selected public school in Imus Cavite. Demographic Characteristics Demographic characteristics, such as gender, marital status, education, ethnicity, age, income, number of young children ( financially dependent children ) , housing tenure and years in service. Financial Wellness Scale This researcher has obtained from Personal Finance Employee Education Foundation through Ms. Mary Moldenhauer, a paper approval for the use of their developed and validated Personal Financial Wellness Scale. PFEEF is a non –profit organization that promotes and facilitates financial education in the workplace with address at 9402 SE 174th Loop Summerfield Florida,United States 34491. The Personal Financial Wellness Scale is an eight –item self–report subjective ... Get more on HelpWriting.net ...
  • 13. Questions On Financial Literacy Skills Introduction The objective of this report is to analyse two clients using primary and secondary data in these following areas:  Their financial Literacy skills  Their risk Tolerance  From the data how will you effectively communicate in relation to the two clients  Email regarding communication effectiveness within the business To assess the above criteria a hypothetical scenario was made that both clients had received an inheritance of $40,000 and how with go about investing their money investing their money. The effective communication is to address common business communication skills, where email will be developed to inform and outline effective letter writing skills. Financial Literacy Skills Financial literacy is relatively broad to define, as it solemnly depends on ones knowledge and ability to interpretation of financial terms and concepts (Worthington 2006). An individual understanding financial literacy revolves around influential aspects of their lives such education, experience, income and work experiences. The two clients analysed in this report both had different understanding of specific financial literacy skills. Client 1 Client 1 was a 23 year old male born overseas , who works within the financial sector and held a bachelors degree in business & commerce, his financial literacy skills were good certain areas. His strengths revolved around a good understanding on superannuation and the housing markets. His weakness revolved around understanding the ... Get more on HelpWriting.net ...
  • 14. Financial Literacy Course Analysis Financial literacy courses should absolutely be mandatory in the process of graduating from high school. It's an essential piece to one's' survival in life. It holds weight as far as its applicability to the real world, therefore abandoning the, "It doesn't matter! I won't ever have to use that in real life!" types of arguments. Financial literacy definitely wasn't available to everybody some time ago, and it still isn't to be quite frank. The average American doesn't really know everything they need to know about financial literacy. In the New York Times, an article, written by Tara Siegel Bernard, it delved right into it, saying, "Most of us received no formal instruction on financial matters until it was too late"(S1) and to be forthright, I do not want to be in that boat. "Understanding concepts like the time value of money, risk and reward, and, yes, the importance of savings."(S1) can shape a well rounded American, and I feel most students would like nothing more to keep striving towards that. The numbers aren't looking too good. "Just 13 states require students to take a personal finance course or include the subject in an economics course ... Show more content on Helpwriting.net ... Journalist Greg Burns, brought up that Loyola Willis, "professor at Loyola Law School in Los Angeles"(S2) brought out some game changing evidence."She cites examples, such as the high school students who took a semester–long personal–finance course and tested worse than those who didn't. Or the graduates of retirement–planning classes who thought their literacy had increased, when their financial test scores had not."(S2) which certainly doesn't uplift spirits for bringing in mandatory financial literacy classes, but you have to think. Everything doesn't work out for everybody. If you drop 3 people off in the middle of the forest. Give them each rifles and set them off on their ways........ And maybe one of them may use it or even use it correctly and kill some game to ... Get more on HelpWriting.net ...
  • 15. Financial Literacy In High School Despite the natural, physical growth of mankind, the expected mental development from adolescence to adulthood requires much more nutrition than a well–balanced diet. Unfortunately, it is apparent that some children are not provided with proper parental guidance during the most crucial years of adult development, and due to this tragedy, the neglected youth relies solely on the state's public educational system to further develop necessary qualities of a successful adult. Throughout grade school, children are only required to learn the core subjects of English, History, Math, Science, and as well as health related classes such as Physical Education, and although each of these subjects are necessary for basic education, there are far more important ... Show more content on Helpwriting.net ... The majority of high schools in America offer some sort of "Home Economics" course as an optional elective class, and although these classes may be very beneficial to the students' adult development, there are still no reported cases of a mandatory, fully in–depth Home–Living course that is required for all students attending a high school. Some might ask why the course is Home– Living instead of Home Economics, and the answer to that is because the Home–Living course will exclude the previously covered information in the mandatory Financial Literacy course in order to focus strictly on the skills that are required to prosper in a healthy life. The priorities of the course should be proper education on nutrition and cooking, appliance operation, and shelter maintenance. Further explanation on nutrition and cooking should be emphasized in order to bring complete awareness of the harmful effects of obesity among young adults to ensure safe, healthy eating (qrcodestickers.org). Physical appliance operation should also be available in each Home–Living course in order to allow students to directly learn how to properly use potentially dangerous equipment such as an oven and stove, clothing iron, or sewing machine. Lessons on shelter maintenance will also influence safety for ... Get more on HelpWriting.net ...
  • 16. Financial Literacy Essay FINANCIAL LITERACY "Financial literacy is one of the most important investor basics, especially if you want to be a safe investor, an inside investor, and a rich investor. Anyone who is not financially literate cannot see into an investment. Just as a doctor uses X–rays to look at your skeletal system, a financial statement allows you to look into an investment and see the truth, the facts, the fiction, the opportunities, and the risk. Reading a financial statement of a business or individual is like reading a biography or an autobiography." "A business has a financial statement, a stock certificate is a reflection of a financial statement, each piece of real estate has a financial statement, and each of us as an individual human ... Show more content on Helpwriting.net ... A sophisticated investor reads the numbers to get the true story and begins to see things that the average investor does not see. A sophisticated investor must see the impact of government regulations, tax codes, corporate law, business law, and accounting law. One reason it is hard to find accurate investment information is that to gain a full picture requires financial literacy, an accountant, and an attorney. In other words, you need two different professionals to get the real picture. The good news is that if you take your time and invest the time to learn the ins and outs of what goes on behind the scenes, you will find investment opportunities and great wealth, wealth that very few people ever find. You will find out the truth about why the rich get richer, and the poor and middle class work harder, pay more in taxes, and get deeper in debt. Once you know the truths, you can then decide which side of the quadrant you want to operate from. IT'S NOT HARD; IT JUST TAKES SOME TIME...TIME THAT PEOPLE WHO JUST WANT A HOT INVESTMENT TIP DO NOT WANT TO INVEST." "When you come to the boundaries of what you know, it's time to make some mistakes." "The streets are a very tough teacher. In school, you're given the lesson first. On the street, you're given the mistake first and then it's up to you to find the lesson, if you ever find it...in ... Get more on HelpWriting.net ...
  • 17. Financial Literacy Classes It's no secret that a majority Americans struggle with all things finances. The jargon alone is enough to leave many confused, and with the complexities of modern economy becoming an ever increasing tangled mess, Americans are looking to do something about it. One popular suggestion is financial literacy classes for high school students. While the idea sounds promising, the reality of these classes is rather farfetched. People praise the thought of implementing financial literacy into our school system in order to help kids in their future. This praise is filled with good intentions, but the sad fact is that this is not in a student's best interest. Financial literacy courses are a façade designed to sweep problems under the rug in order to project false images of the American dream. To reiterate: it doesn't work. In a study from Harvard Business ... Show more content on Helpwriting.net ... [is] not particularly helpful. Those who receive it do not perform noticeably better when it comes to saving more, for example, or avoiding ruinous debt..." This is just more proof at the ineffectiveness of financial literacy classes. In fact it would be a waste of space in a school. Most teens already have a basic understanding of finances, so forcing them to take an ineffective class when they could be taking a college/career preparatory class instead is idiotic. Students should learn discipline and good moral character outside of the school in order to help them in their future endeavours rather than be spoon fed the lessons they should already know. Earlier in the aforementioned paper, the authours expressed that, " ... even the most time intensive programs – those with more than 24 hours of education and training, almost the length of a college course – had no discernible effects just two years later." With all of the mounding evidence it is safe to say the idea of financial literacy courses should be put to ... Get more on HelpWriting.net ...
  • 18. Outline On Financial Literacy A. The problem a. Americans are overly confident when it comes to finances, yet many Americans do not have a solid financial plan to ensure a financially secure future. B. The Reasons a. Financial literacy is not part of the American education system. When I was in high school, nobody taught me how to plan for retirement, nor did they teach me how to file my taxes, and they sure didn't teach me the importance of money management. b. In the first large–scale international study of 15–year–old students' financial literacy skills the U.S. ranked 12th out of the 18 participating countries c. Adults haven't fared any better. In a retirement income literacy survey conducted for The American College of Financial Services last year, 80% of the ... Get more on HelpWriting.net ...
  • 19. Financial Literacy For Children Financial literacy for kids starts at a very young age. In fact from the moment your child first sees you handling money they begin creating ideas of what money is and what it does. Because the lessons your children learn about money are critical to their financial future, it is absolutely necessary that you become a good role model for your children. Believe it or not parents you have everything you need right now to help your children become financially responsible. Here are some ways to take what you already have and become a role model for your kids. The first thing to do is take an honest look at your financial situation. Regardless of whether it looks good or bad you can teach your kids. Here are some things to consider when looking at ... Get more on HelpWriting.net ...
  • 20. Financial Literacy Research Paper Financial literacy classes are problem today. Many people say that it is a necessary course to take, others disagree and say the course does not help. So what is the best choice to take? Financial literacy classes are essential because many students are not taught at home, it teaches students how to have a good budget, and also helps students with life situations. It's important to have financial classes to help students before they graduate high school. As students grow up they will end up with more responsibility's and so they will have to learn how to save money. But parents are not doing their part on teaching their children the basics of managing money. "Finance Course Prompts Debate" states, "Studies have shown that only 26 percent of 13– to 21–year–olds reported that their ... Show more content on Helpwriting.net ... "Tara Siegel Bernard" states, "And I'm not just talking about learning to balance your checkbook. It's understanding concepts like the time value of money, risk and reward, and, yes, the importance of savings." The author understands that students not only have to learn to balance their money, but also learn how to manage money in certain scenarios. Author "Gina Davis" says that financial classes are to expensive and it is not effective. He also states that, "The $600,000 is a low cost if the course is effective. An effective course will return that investment. It is a high cost if it is ineffective." However we know that the courses are effective because "Tara Siegel Bernard" states that, "College students who came from states where there was a course required were more likely to budget, were more likely to be saving, and were less likely to have maxed out their credit cards in the last year and were more likely to be paying off their credit cards fully" Schools must teach students to proper way of investing money and have a balanced checkbook. Without them Americans won't be able to make the right choices in certain ... Get more on HelpWriting.net ...
  • 21. Synthesis Essay On Financial Literacy Financial literacy is the key to financial stability. So, why do so many Americans, who have stable environments, struggle with this important skill. Here is the answer, this life standard is not properly taught in today's time. Now as a high school student in the state of Tennessee, personal finance is a credit you must take in order to graduate. With that being stated, many of the students did not care about the subject, they just had to pass to graduate. I have learned more from my parents' teaching me early than that one semster of just watching videos. Financial literacy courses should be taught at a higher level of maturity and with a more effective outcome. Source #3 provides many examples on how to approach financial literacy courses. ... Get more on HelpWriting.net ...
  • 22. Financial Literacy For a majority of young adults, college is the beginning of financial independence. It leads to a greater responsibility for students to make sound financial decisions. Young adults are faced with many new financial challenges that require a high level of responsibility (Lyons et. al, 2006). Once at college, many students are confronted with financial challenges such as: paying rent, writing checks, and taking out loans for the first time. If used responsibly, credit cards can work in favor of students. They can establish a credit history and practice good financial habits. A study completed by Cliff Robb in 2011 examined the relationship between financial knowledge and credit card behavior of college students. Approximately 80% of college ... Show more content on Helpwriting.net ... Lyons et al. (2006) determined that the majority of college students (76.7%) indicated that they had gone to their parents for financial information. A study completed in 2010 by Bryce Jorgensen and Jyoti Slava tested the perceived parental influence on the education of the financial literacy of college students. This study found that parental income had a significant influence on the perceived parental influence of financial knowledge on students (Jorgensen and Savla, 2010). Parents earning higher incomes had their children perceive a greater amount of influence that they had on their financial literacy, and the more positive that their children's financial attitudes and behaviors tended to be (Jorgensen and Savla, 2010).The study also indicated that students who reported learning about finance explicitly from their parents had better financial attitudes and behaviors, yet lower financial knowledge than students who reported learning only implicitly about finances from their parents (Jorgensen and Savla, 2010). These findings were attributed to the fact that parents with higher incomes have a greater number of opportunities to interact with their children in a diverse financial transactions than parents with lower incomes, such as buying a car or renting a college apartment. (Jorgensen and Savla, 2010). A separate study showed that high school and college students who observed their parents in financial experiences, such as observing the saving habits of their parents, had a greater amount of financial investment knowledge and savings (Peng et al. ... Get more on HelpWriting.net ...
  • 23. Financial Literacy Involves The Choices Financial literacy involves the choices you make about how to secure the resources that you need to fulfill your basic needs and achieve your goals. Financial literacy involves is a toolbox that contains many different tools. Below is a discussion of some of those tools. Money Choices – the medium of exchanged used to acquire good, services, and typically used to satisfy debts. Money flow to us from a job, government assistance, child support, family, and/or friends. Banking Choices – A bank is a financial institution that will allow you to conduct several financial transactions. A bank offers a savings account where you can accumulate your money. A checking account that enables you to pay for goods and services using checks, a money ... Show more content on Helpwriting.net ... It is important to distinguish between types of loans. There are two types of loans: secure and unsecure. o An unsecured loan occurs when a third party (bank or financing company) provides you with money and you repay it monthly. You do not have to provide the third party any asset of value to acquire the loan. Typically, your credit score is the only resource needed to acquire an unsecure loan. The higher your credit score – the less service charge or interest you return to the lender for using its funds. o A secured loan occurs when a third party (bank or financing company) provides you with money and you repay it month. However, you have to put up collateral (assets of value). Lenders will take the house or car titles as well as stock as loan security. o If you do not have collateral, the third party might require that you get a cosigner, who acts as your collateral. If you do not repay the loan, the cosigner will have to pay. Given your financial situation, the third party may seek repayment from the third party instead of following up with you. For example, you are laid off from work and begin to collect unemployment. Since your income is unreliable, the lender may seek repayment from your sister because she has been a teaching for 10 years. PayDay Loans Pay Day loans are unsecured loans. Your paycheck determines the amount you can borrow. Payday loan companies are not categorized by the federal government as ... Get more on HelpWriting.net ...
  • 24. Financial Literacy Essay Financial Literacy Doing the Salt online courses helped me better manage my money and have initiated my search for a good credit card. Since doing the budgeting and credit courses, I've committed to what the courses taught me. Before the budgeting course, I would not look at my spending habits. In the course, I learned the differences between fixed and flexible expenses and how to categorize my current expenses. After taking the course, I started to overlook all my transactions, was more mindful of my spending, and started a savings account. I no longer make unnecessary purchases and am enjoying watching my savings grow. The credit course gave me a good background to what credit is and what it is used for. I now realize, that I should ... Show more content on Helpwriting.net ... Although I haven't submitted all three of my scholarships, I have gotten all of the information filled out, and have started a draft for their questions. By the end of this semester I will have applied to the general UNR scholarship, the Doyle Foundation scholarship, and the Reno Rodeo scholarship. This semester I learned that there are very little scholarships open in the fall. In my initial search for scholarships, I listed all the ones I would like to apply for next semester, so I'll be set for then. I also learned that another good resource for scholarship lists are from the emails I had received from my high school career center teacher. A couple of the ones she sent out are still applicable to college students and are local, so it's a better chance of me winning them. Explain how receiving TRiO funding would contribute to your academic success. [150 words minimum]* As I am going into my 300 and 400 level engineering classes, not only does my excited for them increase, but also the tuition because of the extra $85/credit differential fees. I am starting to see that I may have to pay out of pocket because of these fees. I already work with DFS for 10 hours a week, but if I have to dedicate more time to another job, I fear that my grades may suffer. As it is right now, I am almost entirely focused on my classes, and I am benefitting from it greatly. I am still on track to keep my 4.0 this fall semester, ... Get more on HelpWriting.net ...
  • 25. Negative Essay On Financial Literacy Introduction Financial Literacy is "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well–being." Many people in America today, old and young, lack financial skills such as, paying taxes or money management. The main significance of taking a financial literacy course is to inform people that there are ways to manage money and save for investments. Financial literacy has helped high school and college students branch away from home, inhibit poor economic decisions, figure out plans for after retirement, and help companies produce, save and invest money. In 2007–2009, America went through a financial crisis that caused an increase on the federal budget deficit, and it was allegedly the worst since the Great Depression. This crisis led to lack of budgeting, interest, and long–term financial planning. "These widespread financial problems may be remedied if people were more financially literate" (Wagner). Without the proper financial training common Americans need, they will not know how to redeem and support themselves from financial crisis such as this one. Thinking About Your Future Financial literacy has many short–term and long–term positive effects on people in America. If this curriculum is being taught in high school, young adults will have better comfort and understanding of financial matters, which will lead to better financial decisions (Bernheim, Garrett, Maki). Researchers did a national survey called The ... Get more on HelpWriting.net ...
  • 26. Mandatory Financial Literacy Class 7748 Mandatory Financial Literacy Course Many different studies have shown that having a mandatory financial literacy class would not be helpful for students because they think that they know everything when they do not and when tested they don't score any better than those that do take the course. The mandatory financial literacy class is not good enough right not for a changing world. Therefore, students should not be forced into a class that might hurt them in the long run. First, with 13 states already having a mandatory financial literacy class, many studies have shown that those classes are not working but might give them false hope that they know what they are doing. Tara Siegel Bernard quoted Annamaria Lusardi in a New York Times article that schools need to start teaching the basics of economics so that the students can "'make financial decisions" on their own. However, this is just giving the students false hope because in another article from the Chicago Tribune, by Greg Burns, he says that there is more and more evidence stating that the classes are not only not working but "worse, they may actually hurt," the student. He continues ... Show more content on Helpwriting.net ... This is correct, if they could make an effective course that would be great. However, Burns says that the only effective way to teach these classes is an "one–on–one counseling," which would go way over the 10 teachers and six hundred thousand dollar budget in the Maryland school system. In a New York Times article by Richard H. Thaler, he says that the courses "don't work." In a Harvard Business School study, they found that over the past two decades "were no use at ... Get more on HelpWriting.net ...
  • 27. The Importance Of Financial Literacy Campaign Fourteen hundred billion dollars. That's how much Americans owe in student loan debt (Federal Reserve). And yet we continue to fund our education with loans. While I am striving to obtain a debt–free education, many of my peers don't have the same goal. And even I don't completely understand common monetary proceedings like mortgages or tax returns. To succeed during and after college, we young people need to understand how money works and how to use it wisely. My generation isn't the only one that that needs help––younger kids need to prepare for their financial futures too. That's why we need a full–on financial literacy campaign, combining in– and out–of– school support. First, financial literacy needs to begin long before high school. ... Show more content on Helpwriting.net ... While many high school students do take economics before graduating, these one–semester courses often take general, sweeping looks at money, only touching lightly on everyday financial dealings and how to approach them. I took economics my junior year, and learned very little on how to manage my finances. However, this year I am taking the Dave Ramsey Personal Finance course and learning practical ways to manage money now. I've already started a financial tracker in my bullet journal, where I carefully record my income and expenses. I also understand much better how bank statements, monthly budgets, and checking accounts work. I'm learning to evaluate and change my money habits. I'm also learning how to set and reach long– and short–term financial goals. All students need a hands–on, in–depth finance course like this to grow toward financial literacy. While in–school programs and courses can improve our financial literacy, they can only do so much. The majority of money management has to do with mindset and behavior (Dave Ramsey). That's why we need financial literacy practice outside of school. Teens need extracurricular programs where we can apply budgeting skills to specific, real life situations and get assistance with financial processes. I attend my local Alpha Kappa Alpha chapter's A.S.C.E.N.D. program, and some of their sessions include financial training. Last year, a representative from a state school explained various forms of ... Get more on HelpWriting.net ...
  • 28. Synthesis Essay On Financial Literacy It is no secret that the financial system in The United States of America is incredibly complex and difficult to fully understand. As more and more people go into debt each year, it becomes clear that every American needs some help when it comes to financial literacy. However, the implementation of a financial literacy course is not a good solution. A course in financial literacy would end up being a waste of time and money because the class would cost the school board a large sum of money that it already does not have, and the students would not actually acquire much benefit from the class. Schools are getting less funding from the government every year and most school budget are pushed to their max. When it comes to even considering the ... Show more content on Helpwriting.net ... In the article "Financial education leaving Americans behind" the author, Greg burns, references a study at conducted at Harvard business school where they found that, "...[financial literacy] programs in widespread us during the past two decades were no use at all."(Document B, p.g.2). Financial literacy is not something that you can teach for a year and expect all student to fully grasp. High school is simply too early to teach it. Very few high school students are thinking about future economic responsibilities and any advice that is given to them through a course will not be retained. The reality of the situation is that learning decays quickly. The best course of action then it comes to teaching people how to manage their finances is give them the education just before they have to actually make the decision (Professor Lynch, Document C, p.g. 2). Think back to some class you took years ago. How well do you really remember its subject matter? Could you make an informed decision now based on information you were told years ago, and haven't used since? Odds are you probably could not. Is it really very plausible that high school students will remember a financial literacy class they took in high school when it is time to start6 planning for retirement? I know I would not remember after all of those years. A financial literacy class ... Get more on HelpWriting.net ...
  • 29. Financial Literacy Essay Financial Literacy Review The area in which I spent the most was definitely transportation however, this expense was an absolute necessity that I could not avoid. Being raised to be conscious about my money spending habits and to always look for a bargain was not something I could necessarily put into practice concerning this area. Areas where I spent the least would have to be personal care and personal extras; there is always a great sale and or off brand personal hygiene product to be bought. When I don't buy the flashy product with the pretty packaging and well known name I save a bit of money in the process. The fact of saving money on products like these is so liberating and I get a huge adrenaline rush out of it! As far as ... Show more content on Helpwriting.net ... Money does not define who I am or what I am meant to do in this world God does that. It has been a real challenge not having a job when society is constantly telling me that I need one right now at this point in my life. I know that God is teaching me very valuable lessons by my not obtaining a job yet and I trust his plan and ways. To improve my money matters I do believe that it is okay and important to treat yourself every once in awhile. I do not take up this practice very often and should now and then. In saying this though, I will treat myself on a budget and continue to hunt for a bargain always. Obviously one great way to improve my money matters is to obtain a job. I will continue to do just that but if my search goes weary I will be content with all that I have and will trust God to provide for me. As far as credit cards are concerned three good reasons for obtaining one are; they aid you in establishing your credit score as well as history. Credit cards are also great if there is an emergency that requires immediate financial action and assistance. Lastly, credit cards offer many benefits such as cash back, rewards, and discounts. The negative effects of credit cards is that they often come with high fees and interest rates. One other negative drawback to obtaining a credit card is that individuals can get themselves into ... Get more on HelpWriting.net ...
  • 30. Financial Literacy Classes Essay As the years go on, more and more states require their students to complete a personal finance or financial literacy course. For example, in the state of Tennessee it is required that all students must take a half credit, or one semester, of personal finance to graduate high school. However, some people may ask themselves, do required financial literacy classes actually help students? The answer is yes, required personal finance and financial literacy classes do help students and young adults in their futures as they graduate high school or college, and they should be mandatory across the U.S. Requiring students to take a personal finance course does help students make better financial decisions later in their lives. Many teenagers and young ... Show more content on Helpwriting.net ... is because many schools are either not putting enough emphasis on the class or they are treating the class like a core course such as science or history. Personal finance classes should be treated like sports in a way. There are so many different situations and possibilities based on the actions of the individual that there isn't a clear cut right answer to every problem. Students have to practice different situations and treat the class like it is happening to them in real life, just like how a sports practice mimics a real game. Matthew Frost, an 11th and 12th grade American history and economics teacher at Sunset High School in Dallas, tries to bring his personal finance lessons to life by pairing students up as married couples and giving them a couple "children" to be responsible of. During the class, "Students must then create a budget based on the average income range for their neighborhood, or about $21,000 to $40,000 per year...Mr. Frost has them randomly pick 'chance cards' from a bag, which might tell them they need new brakes for their car, broke an arm, suffered a death in the family, or found $20". Students also learn investing money, how to use credit wisely, insurance, and careers. One of his previous students wrote to Mr. Frost about his experience and said, "I [also] learned that good budgeting has to be maintained throughout a person's life no matter the income, no matter the living ... Get more on HelpWriting.net ...
  • 31. Economic And Financial Literacy In America Economic and Financial Literacy in America Introduction What would it take to improve the level of economic and financial literacy in Americans? Gupta, A. K. (2006) quoted Chris Farrell as stating that "the case for economic literacy is compelling to the extent that it helps people navigate better through this world." There are many financial decisions that Americans are required to make throughout their lives such as managing income, deciding what expenses are necessary like food and housing, budgeting for other necessities, saving for retirement, and hopefully achieving the American Dream by creating wealth. Without economic literacy there is a danger of making bad decisions and poor choices that can hurt one's potential to not only create ... Show more content on Helpwriting.net ... This means that in order for campaign to be successful with all age groups, there must be separate campaigns for each group. For children, playing games like "store" or "bank" are excellent ways to educate about financial principles. When children ask to buy something that is not affordable, or within the family budget, parents need to seize that opportunity to teach their child by answering "we cannot afford to buy this now because we need to save money for things we really need or want" instead of replying "I don't have any money." These simple conversations and activities will make an impact on how a child who is barely beginning to understand basic financial principles feels towards budgeting and will help to solidify their understanding of those basic principles. For teenagers, in addition to more complex but fun games containing financial principles, role playing and pretending to conduct financial transactions is a great way for them to master basic financial skills. Children and teenagers learn best by participating in activities where they learn through experience. McCallister, C. (2002) confirms this by reporting that "learning is essentially a social process and that the social process enhances learning outcomes, and that modeling, demonstrating, describing, and explaining really do help to foster learning understanding." Internet, media, and billboard campaigns ... Get more on HelpWriting.net ...
  • 32. Financial Literacy Americas debt has doubled over the past several years, and most Americans do not know how to manage their finances. One of the only solutions that come to mind when thinking of how to make the economy better is financial literacy courses. [Thesis] Students should be required to take financial literacy class before graduating high school because [Reason 1] people need to learn how to logically make financial decisions, [Reason 2] and also to prepare people to make important economic decisions in an ever changing economy. Some people debate that financial courses don't work and that for a class that it is not logical spend 600,000 dollars on a class which is suppose to teach students how save money is senseless. In the article "Financial Cause Prompts Debate" by Gina Davis, "The $600,000 is a low cost if the course is effective. An effective course will return that investment. It is a high cost if it is ineffective. "The initial cost would be a large amount but wouldn't it be worth the expense if in the end the money would be one of the best investment that could be made. ... Show more content on Helpwriting.net ... There is a surprising amount of people that don't know how their credit works. Almost everyone has to make financial decisions before they even graduate high school, and most struggle after making that decision since they were not prepared to make that ... Get more on HelpWriting.net ...
  • 33. Financial Literacy Papers What is financial literacy? Why is it so important? Why should people of all ages learn about financial literacy? What benefits does teaching financial literacy provide to those of young ages? Those are all questions which many ask. According to Investopedia financial literacy is defined as, The possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving (especially for college), tax planning and retirement. It also involves intimate knowledge of financial concepts like compound interest, financial ... Show more content on Helpwriting.net ... These types of people learn from pictures, movies, presentations, color variation, and/ or videos. For example, if a teacher is trying to teach the student to tie his shoe laces, he or she can use two colors of shoe laces to make it easier for the child to distinguish both of the laces and explain by demonstration step by step. Another example is when using parts of speech one can use different colors to differentiate between the verbs, adjectives, nouns, pronouns, etc. Aural or auditory learners learn from. Those types of people exercise their sense of hearing. For those of younger ages, one can teach songs such as "Heads, Shoulders, Knees, and Toes," use voices in storytelling, and/or use sing–alongs. For older ages, one can play some music while the students are working, or ask the students to create a song and lyrics or a story pertaining to a certain subject. Linguistic learners, also known as verbal learners, learn by taking notes, reading aloud, or listening to lectures. If teaching a subject such as spelling the teacher could ask the student to write each word five times, or spell or listen to it out loud. Kinesthetic learners love being physical, engaging their body in activities. These are the types of students who might not benefit as much from listening to lectures, but are more hands on. They like demonstrating what they learned by using techniques such as plays, models, experiments, etc. "For example, if ... Get more on HelpWriting.net ...
  • 34. Financial Literacy Argumentative Essay As of today only one state has received an A+ grade from the CCCFL for their financial literacy courses taught in high school, while many states offer no personal finance courses at all. High school students are subject to many dangerous ploys that are obscure and meant to lure them into costly decisions as soon as they turn eighteen. This may be through credit card offers, student loans, elaborate scams, or simply deceitful advertising. These traps may stay with the student for the rest of their life, such as identity theft or high interest debt that will take decades to pay off. Statistics reveal that 75% of credit card carrying college students were unaware of late payment charges, additionally the late payments are typically the minimum ... Show more content on Helpwriting.net ... After fifty years with a compound interest rate of 8%, the $10,000 is now worth over $450,000. This is with no additional contributions! Only the initial investment. The ability to utilize compound interest, such as investments in the stock market, will yield the investor much more money rather had it all been sitting in a savings account. We consequently see that investing in time is much more beneficial than investing in money. In other words, decisions shouldn't be made based off what would yield the most money in the shortest amount of time, instead the costs and benefits should be weighed with a long term time frame in mind. These returns are possible because compound interest allows the investor to earn interest not only the initial investment, but also on the money the interest has earned in the past, while simple interest only earns the investor interest on their initial investment. While in the past 40 years the total US stock market has yielded an average 8% return, not every year will yield 8% in returns. For example, the total US stock market yielded over 20% over a dozen times in the past 40 years, some years reaching over 30% returns! While in contrast, there have been multiple years of negative returns, resulting in the decline of the price of investments. For these reasons, the buy and hold strategy ... Get more on HelpWriting.net ...
  • 35. The Impact of Financial Literacy Education on Subsequent... Article Comparison Mandell, L. & Klein, L. (2009). The impact of financial literacy education on subsequent financial behavior. Journal of Financial Counseling and Planning 20(1): 15–24. The data presented in this article is comprised of quantitative assessments of financial literacy in a population of 79 students one and four years after their participation in a financial literacy education course. The data is presented and interpreted in both visual/graphic fashions and in textual examinations and explanations, meaning that both directly observable quantification and qualitative interpretation is provided. Because of the extensive and multi–layered presentation of this data, it is highly possible for the reader to develop their own interpretation and summary of findings through an examination of the raw data tables and hose that present basic summary statistics, meaning the summary provided by the authors does not have to be relied upon as the certain and complete summary of the data. This is not ultimately of major importance, however, as it is difficult to interpret the basic findings of this research in any way other than that presented by the authors. Because the population of research subjects was selected from a singular area without a broad range of significant demographic differences, it does not appear that there are any relevant variables that were not addressed/controlled/accounted for in the research and the results. The argumentation provided by the ... Get more on HelpWriting.net ...
  • 36. Why Financial Literacy Is Important Financial Literacy is the focal point of the Everfi program. This program covers everything from responsible money choices to savings and interests. And prepares us for what responsibilities we will have after we are out of our parents financial wings. Overall Everfi is a helpful tool for young students who do not know much concerning finances and money. One of the most interesting parts of Everfi would be the unit which talked about stocks and bonds. This portion was engaging because it told of the different productive ways to make money with a bank. And informed on how bonds are lower risk than stocks, this is useful because if I ever decide to invest I know which will be more beneficial and will have less risks. Making the stocks ... Show more content on Helpwriting.net ... This miniature quizzes tested your knowledge on the subject, which caused me to realize whether or not I needed to pay strict attention. Also, the tests at the end of each unit provided an estimate on how much was learned. These both were especially helpful in making sure I knew what was going on. One thing about Everfi I did not appreciate were the games I had to complete before being able to move on to the next unit. These games, however short, were painfully annoying and did not produce any helpful information. In addition, they seemed to be geared towards younger people. I did not find them helpful nor informative, therefore this is the one thing concerning Everfi I would change or completely erase. Everfi has one goal; to create financially proficient young adults. This program helps with so many subjects concerning finances. Which is extremely advantageous, especially for those who are not wise in the ways of money. I am personally thankful that I took this course, because it proved beneficial and added to my knowledge about money. Finally, Everfi was a creative and inspiring program which inspires me to be more conscientious when dealing with ... Get more on HelpWriting.net ...
  • 37. Financial Literacy Class Financial literacy class credit isn't needed The discussion weather or not we need credit for a financial literacy class or not has become a big deal. We all have our opinions on if it does or doesn't. I believe that a financial literacy class shouldn't have a credit needed to graduate. Reason for this is because High School students already have enough credits they need to get and also it seems like a street smarts class. Something that most of us should already know well enough to be fine off. The students in High School have tons of other classes that take up credits to graduate. Weather it is electives or just core classes. Putting a credit needed on a class that doesn't necessarily seem "needed" would just put more stress on the student. ... Get more on HelpWriting.net ...
  • 38. Financial Literacy My mother says, "We are blessed to have an education, an education that holds key ingredients to being successful, a successful life filled with endless assets." My teachers says, "Education can lead one to many roads ahead of one's life." However not one talked about the reality of financial literacy, money talk. The value of how money can make one rich or one poor. Quotes Robert T. Kiyosaki, "Simply put, without financial literacy and the knowledge of how money works, they are not prepared to face the world that awaits them, a world in which spending is emphasized over savings." It is this reality that makes my life and career choice stressful–endlessly. Money talk is not simply formulated to be solvable, it is a complex equation that revolves around steps after steps to be able to master it endlessly. That is why mastering financial literacy is a formulated equation that takes years to master for any individuals. However, if applied to my life and career, I see that financial literacy takes a huge part in understanding what my assets and liabilities are. When money talk is talked upon, money comes in and out of my daily life because money can give me pleasure without ever flinching my eyes. So being able to understand the importance of financial ... Show more content on Helpwriting.net ... Spending your money wisely is key when it comes to an education from the start to the finish. When understanding financial literacy putted into my education, I'm able to set forth my path into my career. Meaning I am able to retire sooner with assets that I can keep in the long run. Also with income coming in without ever leaving my house because I understand the importance of financial literacy. Because money is working for me not me working for money. That is the truth of understanding financial literacy that when money is working for you, money talk is like a river, flowing ... Get more on HelpWriting.net ...
  • 39. Financial Literacy Course Analysis The idea of adding a financial literacy course into schools curriculums and requiring students to take it before graduating is a current decision being considered by numerous school districts. Supporters of this idea say that it would have a positive effect while the people who oppose this idea state that financial courses don't work. Financial literacy courses would benefit many Americans and could have prevented some of the financial mistakes they have made. In the article "Working Financial Literacy in With the Three R's" by Tara Siegel Bernard, published by the New York Times, Annamaria Lusardi states "We need to teach the basics of economics and finances so people can make financial decisions in the world". Inputting financial courses into high schools would allow students to learn the basics of economics to prevent financial mistakes and would prepare the students for the financial decisions they would have to make in the future. These financial courses would not have a negative effect but would have a positive effect on high ... Show more content on Helpwriting.net ... these courses are being used to educated students about financial literacy to better prepare them for the future. As stated in the article "Financial Education Leaving Americans Behind" by Greg Burns, "Utah, Missouri and Tennessee require students to take a semester–long personal–finance class before graduating from high school..." While many people find these courses to be helpful others are against this idea. In the article it states " Trouble is, growing evidence suggests that financial– literacy courses don't work. Worse, they may actually hurt, in part by making their graduates overconfident about limited skills". On the other hand supporters point to the fact that people who were not required to take a financial course are not aware of how to take care of their finances. Which is concerning and is a great example as to why schools districts should input these economic courses into their ... Get more on HelpWriting.net ...