FINANCIAL LITERACY - The Money Trail - Part 1 - Bartering, Yesterday & Today (2024)

FINANCIAL LITERACY - "The Money Trail" - PART 1 - BARTERING, YESTERDAY & TODAY -- is a unit that presents a of bartering/trading for goods and services in early times. People lived off the land and traded items that they made or grew then traded them for other needed goods or services. A selection of activities are included in this unit. The Money Trail Series is .

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

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

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

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

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

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

:

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

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

(24 Chapters & Activities)

FINANCIAL LITERACY - PowerPoints for ALL Individual Chapters

FINANCIAL LITERACY - Bundles "GALORE"

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

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

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

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FINANCIAL LITERACY - The Money Trail - Part 1 - Bartering, Yesterday & Today (2024)

FAQs

What are the five financial literacy questions? ›

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

What is financial literacy quizlet? ›

What is financial literacy? the ability to use knowledge and skills to make effective and informed money management decisions.

What are the big three financial questions? ›

Table 1 The “Big Three” financial literacy questions
  • Suppose you had $100 in a savings account and the interest rate was 2% per year. ...
  • Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. ...
  • Please tell me whether this statement is true or false.

What are the 4 main financial literacy? ›

Financial literacy is well within the reach of anyone of any level of education. What is financial literacy? Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing.

What asset gives the highest return? ›

Mutual Funds:

Mutual Funds pool money from multiple investors to invest in different stocks, bonds and other securities. Among all, equity mutual funds give higher returns by investing in different stocks in various sectors.

What are the 3 keys to financial literacy? ›

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

What is the big three big five? ›

According to the first, there are three main factors: Extraversion, Neuroticism and Psychoticism, whereas the Big Five theory claims that five factors are needed to account for most of the variance in the field of personality: Extraversion, Neuroticism, Agreeableness, Conscientiousness and Openness to Experience.

What is financial literacy 1 point? ›

Financial literacy is the ability to understand and make use of a variety of financial skills, including personal financial management, budgeting, and investing.

What is the first step to financial literacy? ›

Budgeting

A key first step to take as you build your financial literacy is to learn healthy spending habits. One way to do this is by learning to budget. You could start by identifying monthly expenses to include in your budget, which can help you track your spending.

What is financial literacy easy? ›

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. When you are financially literate, you have the essential foundation for a smart relationship with money.

Is financial literacy a hard skill? ›

Hard skills are specialized capabilities that involve hands-on practical knowledge, such as a skill set in a particular industry or profession. Examples of hard skills for MBA students include financial literacy to organizational management and public relations.

Is financial literacy hard? ›

Fewer than half are passing a basic exam on financial literacy—and the average test taker only answered 63% of the questions correctly!

What is the best age to learn financial literacy? ›

Kids between the ages of 6 and 8 may start to understand how money works. "As soon as your child is receiving an allowance, he'll need a place to put his money," says Pearl. Make a trip to the bank an event. Help your child open a savings account, and encourage them to make regular deposits.

What are the questions about financial problems? ›

  • How much debt do you currently have? ( If any)
  • What steps are you taking to improve your current financial situation? ( If any)
  • How important is financial stability for you?
  • What financial challenges are you currently facing? ( If any)

What are three facts about financial literacy? ›

60% of adults say they don't think their retirement savings are on track. 65% of adults say money is a significant stressor in their lives. 32% of teens don't know the difference between credit and debit cards. Women save 68 cents for every dollar men save.

What are the 5 areas of financial literacy? ›

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

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