General Financial Literacy
Lesson Plans

Strand 4

Students will evaluate saving methods and investment strategies.

Standard 1

Describe and discuss financial institutions and demonstrate how to manage personal financial accounts.

• Bank vs Credit Union
  In small groups, students will research and obtain information to compare services offered and rates between banks and credit unions. To conclude, students will present their findings and state why one might choose one over the other.  
• Budgeting & Checking Activity - Financial Literacy
  This is a simulation for students to integrate several concepts on saving and banking into one project.
• Evaluating savings methods and investment strategies
  Students will gain a comprehensive understanding of savings vocabulary and products, the PYF concept, and the importance of preserving principles in the face of inflation.
• FDIC and NCUA Insurance
  In small groups, students role play financial institutions and consumers in order to learn the importance of FDIC and NCUA Insurance.
• Financial Institution Comparison
  This activity helps students experience the responsibility of finding a financial institution that fits their needs.
• Goals & Budgeting
  Students learn the difference between short-term and long-term savings goals and apply their knowledge in an exercise-oriented game. 
• Peer to Peer Payments - Online Banking
  Reading an article, students learn about peer to peer payments. This lesson concludes with a blooket quiz played individually or as a class.

---

http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE).  Send questions or comments to USBE Specialist - Breckon  Heywood and see the Financial Literacy website. For general questions about Utah's Core Standards contact the Director - Jennifer  Throndsen.

These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Board of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Board of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.