April is Financial Literacy Month, and while it’s always a great time to talk about financial literacy, April shines a big spotlight on my favorite topic! Not everyone will geek out about it like I do—and I’m okay with that—but we need to face some hard truths. Nearly one-fourth of millennials are spending more than they earn, college students are racking up record debt, and more and more people say they have less than three months’ worth of emergency funds. We have to teach the skills that will let students enjoy their earnings and look forward to financial security.
As a business and technology teacher dedicated to bright and secure futures for all my students, I’m really excited to see financial literacy being taken more seriously. Recently, I was part of a push to get a bill passed in Massachusetts that outlines financial literacy standards and stipulates that the classes be taught by qualified teachers. We are making progress!
Now, as more support is building at the state level, we have to make sure that teachers get the curricular resources they need to bring financial literacy into their classrooms. Programs like Discover and Discovery Education’s Pathway to Financial Success are great because they supply a variety of resources that teachers need to go beyond balancing a checkbook. (Does anyone write checks anymore?) From banking online to keeping an eye on your Venmo, building credit and understanding loans, the program offers a comprehensive set of financial literacy lessons that today’s students need to have.
Related: What is your school doing to teach financial literacy?
For teachers like me, who are revising and improving their existing courses, it helps to have a program like Pathway to Financial Success because it’s a curated resource where you can always find vetted materials that are interactive, up-to-date, and standards-aligned.
For teachers who are new to teaching financial literacy, it’s important to have the complete curriculum, with lesson plans and resources organized in a way that makes it comprehensive but simple to deliver. Pathway to Financial Success even has short videos that provide the educator with background information as part of the lesson prep.
Teaching financial literacy: The bottom line
And for teachers who are working financial literacy into other areas or maybe even clubs, it’s nice to have something modular, so you can select one unit that works for the grade you’re teaching (grades 6-12) and the topic you want to cover.
3 things I’ve learned about teaching financial literacy
1. Make it personal
We probably all remember word problems from math books about people we didn’t know leaving a train station we’d never visit. We have to help the students connect to the material. Luckily, by the time they’re in middle school, most students are familiar with the feeling of not having enough money for something they want and it doesn’t get more personal than that. The Pathway to Financial Success videos speak directly to middle and high school students about budgeting for things like new jeans, movie tickets, and–yes–college, if that’s part of their plan. The program also encourages students to talk to their families and learn about things like their parents’ first jobs and how they made career decisions.