Teachers are increasingly asked to teach personal finance and economics. After all, money plays an important role in students’ lives. Classroom teachers and those working with teens in afterschool programs (like 4H) and camps use Money Habitudes cards because they:
- Are easy to learn and to teach as a facilitator; almost runs itself as an financial education activity.
- Make talking about and learning about money fun and personally relevant. As an interactive, hands-on activity, they engage students more than worksheets, lectures and PowerPoint presentations.
- Appeal to students with different learning styles.
- Use short, simple statements which don’t require great reading proficiency.
- Integrate well with financial education curricula such as NEFE, FEFE, Money Smart, MoneyWi$e, Financial Fitness, etc.
- Help teachers get beyond budgets to begin important conversations about the interaction between lifestyle, values and finances — a fundamental part of the wants-vs-needs discussion.
- Can be used (and re-used over and over) in a wide variety of classes and programs, including personal finance, economics, business and entrepreneurship, math, career counseling, history and psychology.
How it’s used
- Icebreaker or introductory exercise. Teaching personal finance to students is often dry and disconnected from their lives; understanding personal finance in the context of one’s own life starts the topic off on a fun, low-key footing and makes later lessons more relevant.
- Student-parent conversations. Parents know that talking about money with their kids can be difficult — especially when they don’t feel confident about the topic. Money Habitudes makes it easy to have a good conversation and one that often leads to productive next steps — for both parents and teens — such as creating a budget, cutting out excessive spending, or opening a bank account.