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The Need for A Financial Survival Curriculum

The Need for A Financial Survival Curriculum
The Need for A Financial Survival Curriculum
Item# moneymatters

Product Description

The Need for A Financial Survival Curriculum

What should a "Money Matters" class have for a course of study?

Where it does not yet exist, a financial survival course in everyday money matters would benefit middle school and high school students as part of the required curriculum for every student. Everyone needs a basic understanding of fractions, decimals, and percents as part of financial literacy components necessary for survival.

A "Money Matters" class curriculum should include topics such as budgeting, saving, investing, credit and debt management, and financial decision-making. It should also cover basic financial concepts such as compound interest, inflation, and risk management. Additionally, the curriculum could also include lessons on taxes, insurance, and preparing for major financial events such as buying a car or a house. Real-world examples and case studies, as well as hands-on activities and interactive simulations, can help to make the material more engaging and relevant for students.

What to do with money?

1 - Save.

2 - Pay Obligations.

3 - Donate.

What’s better to learn? Algebra or Financial Literacy?

Both algebra and financial literacy are important skills to have, but the one that is "better" to learn depends on your goals and interests. Algebra is a branch of mathematics that deals with mathematical operations and the manipulation of equations. Financial literacy, on the other hand, refers to the knowledge and skills needed to make informed and effective decisions with regard to the management of one's finances.

If the pursuit is a career in a field such as engineering, mathematics, or physics, then learning algebra is likely to be more beneficial. If you are interested in managing personal finances, investing, or pursuing a career in finance, then learning financial literacy is likely to be more beneficial. BUT... These courses of study are not mutually exclusive...

It's worth noting that both skills can complement each other. Algebra helps with problem solving, understanding the relationship between variables and logical reasoning, which also can be applied on financial topics. And financial literacy can help with understanding and applying mathematical concepts to real-world money management. A Win-Win!

Even if adults missed out on understanding fractions, decimals, and percents it is highly important for financial literacy to learn these topics, since they are used in many financial contexts, such as calculating interest rates and discounts, understanding income and expenses, and analyzing investments. Having a basic understanding of these concepts can help individuals make informed decisions about their money and finances.

Imagine how much poverty we could prevent with an education in money matters.

Financial literacy can be a life saver.

Everyone benefits from a financially educated population.

Teachers, administrators, parents, please make financial literacy a requirement, if you haven’t already.

Opinions and Analysis by: Illana Herzig Weintraub

Publisher: MathMedia Educational Software, Inc.



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