Financial Literacy for Middle School. University School at University of Tulsa Presenters: Katie Abercrombie, Kelly O’Neil-Brown, Marilyn Howard, and Cyndie Yocham. Income. Jobs and Careers. History Lessons. FDIC & Banks. Savings. Charity. Taxes. Credit. Investments. Living Expenses.
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University School at University of Tulsa
Presenters: Katie Abercrombie, Kelly O’Neil-Brown, Marilyn Howard, and CyndieYocham
Jobs and Careers
FDIC & Banks
FDIC & Banks
Who Am I?
My child said to me , “Thank you, I had no idea….”.
Mortgage Amount = $150,000 with a 5% rate of interest
Example: If you had a credit card balance of $2,000, an 18% APR, stopped using your card and made only the minimum monthly payment, which was based on 2% of the outstanding balance or $20, whichever was greater, how long would it take to pay off your debt and how much was the total payout?
19.3 Years for $5,862
Lesson learned: Always pay more than the minimum monthly payment!!!
Interest Bearing Accounts
Lesson: Start Early and Give Your Money Time To Grow
Rule of 72
Years to double investment = 72 / Rate of Return
Rate of ReturnAmount of Time to Double
3% 24 Years
9% 8 Years
12% 6 Years
6% 12 Years
8% 9 Years
http://www.moneyinstructor.com/ Lesson plans, templates
http://money.cnn.com/magazines/moneymag/money101/ 23 Financial Life Lessons
http://www.councilforeconed.org/ Online teacher training, lesson plans, Gen-I game
http://tulsa.ja.org/ Junior Achievement programs, interactives
http://www.jumpstart.org/reality-check.htmlInteractive budget/life game
Jobs and Careers:
http://www.controlyourcredit.gov/#frontdesk/00 The Bad Credit Hotel Game
Savings and Investment:
http://ocee-ok.net/ OCEE Stock Market Game
http://www.fdic.gov/about/learn/learning/index.html FDIC Learning Bank for students
http://www.sec.gov/investor.shtml SEC Education
http://www.irs.gov/individuals/students/index.html Tax information for students
How Money Is Made (5 part series) by WealthyAmbitionsCom: http://www.youtube.com/watch?v=_ICXBNynyTU
For additional information, please email