Find financial literacy activities | Consumer Financial Protection Bureau (2024)

Find activities that can help you teach and nurture the building blocks of financial capability across the curriculum.

These classroom activities can be completed within a single class period. Each activity comes with a teacher guide and supporting student material, so it’s easy to implement whether you’re an experienced personal finance teacher, integrating financial literacy into another subject area, or supplementing your existing financial education curriculum.

Find financial literacy activities | Consumer Financial Protection Bureau (1)

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136 activities

136 activities

  • Mapping your money journey (elementary school)

    Updated

    Ideal for: Elementary school (4-5)

    Students complete a short survey to find out about their current money skills and explore things they can do to manage money better.

    Key information

    Topic:

    Earn, Save and invest, Protect, Spend, Borrow

    Activity duration:

    75-90 minutes

    Building block

    • Executive function
    • Financial habits and norms
    • Financial knowledge and decision-making skills
  • Mapping your money journey (middle and high school)

    Updated

    Ideal for: Middle school (6-8), High school (9-10), High school (11-12)

    Students complete a short survey to find out about their current money skills and explore things they can do to manage money better.

    Building block

    • Executive function
    • Financial habits and norms
    • Financial knowledge and decision-making skills
  • Storing my savings

    Updated

    Ideal for: High school (9-10), High school (11-12)

    Students read descriptions of common places to store their money and weigh the benefits and risks of each to decide which one(s) fit their financial goals.

    Key information

    Topic:

    Save and invest (Banking options, Choosing how to save, Investing)

    Activity duration:

    75-90 minutes

    Building block

    • Financial habits and norms
    • Financial knowledge and decision-making skills
  • Becoming familiar with taxes

    Updated

    Ideal for: High school (9-10), High school (11-12)

    Students match tax types to definitions and then apply their knowledge to tax scenarios.

    Key information

    Topic:

    Earn (Becoming an entrepreneur, Paying taxes)

    Activity duration:

    45-60 minutes

    Building block

    • Financial knowledge and decision-making skills
  • Understanding jobs, teens, and taxes

    Updated

    Ideal for: High school (9-10), High school (11-12)

    Students read a handout about taxes and respond to questions to explore the relationship between working and taxes.

    Key information

    Topic:

    Earn (Becoming an entrepreneur, Getting paid, Making money, Paying taxes)

    Activity duration:

    15-20 minutes

    Building block

    • Financial knowledge and decision-making skills
  • Understanding taxes and your paycheck

    Updated

    Ideal for: High school (9-10), High school (11-12)

    Students analyze statements about taxes to better understand how taxes affect people’s paychecks.

    Key information

    Topic:

    Earn (Getting paid, Making money, Paying taxes)

    Activity duration:

    45-60 minutes

    Building block

    • Financial knowledge and decision-making skills
  • Understanding redlining

    Updated

    Ideal for: High school (9-10), High school (11-12)

    Students read a handout about the practice of redlining and answer questions about its impact on individuals and communities.

    Key information

    Topic:

    Save and invest (Saving for long-term goals), Spend (Buying things), Borrow (Getting loans)

    Activity duration:

    75-90 minutes

    Building block

    • Financial habits and norms
    • Financial knowledge and decision-making skills
  • Drawing your own business comic strip

    Updated

    Ideal for: Elementary school (4-5), Middle school (6-8)

    Students explore entrepreneurship by reading a story about entrepreneurs and drawing a comic strip about starting a business.

    Key information

    Topic:

    Earn (Becoming an entrepreneur, Learning about careers, Making money)

    Activity duration:

    75-90 minutes

    Building block

    • Financial habits and norms
    • Financial knowledge and decision-making skills
  • Exploring entrepreneurship

    Updated

    Ideal for: Elementary school (4-5), Middle school (6-8)

    Students read a book about starting a business, think of an idea for a product they can create or improve, and design a plan for selling it.

    Key information

    Topic:

    Earn (Becoming an entrepreneur, Learning about careers, Making money)

    Activity duration:

    75-90 minutes

    Building block

    • Executive function
    • Financial habits and norms
  • Exploring opportunity costs

    Updated

    Ideal for: Elementary school (4-5), Middle school (6-8)

    Students read a book about the opportunity costs of starting a business, play a fill-in-the-blank game, and discuss things they could give up so they can have something else.

    Key information

    Topic:

    Earn (Becoming an entrepreneur, Learning about careers, Making money), Spend (Buying things)

    Activity duration:

    75-90 minutes

    Building block

    • Executive function
    • Financial knowledge and decision-making skills

Activities align with the My Money Five principles introduced by the statutorily created federal Financial Literacy and Education Commission.

Find financial literacy activities | Consumer Financial Protection Bureau (2024)

FAQs

Find financial literacy activities | Consumer Financial Protection Bureau? ›

What is financial literacy? the ability to use knowledge and skills to make effective and informed money management decisions.

What are the 5 financial literacy questions? ›

Financial Literacy Test
  • How much money should you put into savings every month? ...
  • How much of your income should be used on monthly credit card payments? ...
  • What's the maximum debt-to-income ratio a person can have and still qualify for a mortgage? ...
  • How often can you check your credit report for free?

What is financial literacy quizlet? ›

What is financial literacy? the ability to use knowledge and skills to make effective and informed money management decisions.

How do you solve financial literacy? ›

6 ways to improve your financial literacy
  1. Subscribe to financial newsletters. For free financial news in your inbox, try subscribing to financial newsletters from trusted sources. ...
  2. Listen to financial podcasts. ...
  3. Read personal finance books. ...
  4. Use social media. ...
  5. Keep a budget. ...
  6. Talk to a financial professional.

What are the questions about financial literacy? ›

10 Financial Literacy Questions to Test Your Knowledge
  • Should you store all your money in a single bank account? ...
  • Can one bank manage all your financial accounts? ...
  • Is there a way to pay down multiple sources of debt at the same time? ...
  • When are your contributions to an IRA taxed?
Oct 11, 2023

What are the 4 main financial literacy? ›

Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.

What are the 3 keys to financial literacy? ›

A strong foundation of financial literacy can help support various life goals, such as saving for education or retirement, using debt responsibly, and running a business. Key aspects of financial literacy include knowing how to create a budget, plan for retirement, manage debt, and track personal spending.

What is financial literacy short answer? ›

Financial literacy, as defined by Investopedia, is “the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.

What is financial literacy group of answer choices? ›

Financial literacy encompasses understanding and effectively managing financial matters such as budgeting, investing and debt management. It involves having the knowledge and skills necessary to make informed financial decisions aligning with personal goals and values.

What is the first step to financial literacy? ›

Budgeting

A key first step to take as you build your financial literacy is to learn healthy spending habits. One way to do this is by learning to budget. You could start by identifying monthly expenses to include in your budget, which can help you track your spending.

What is the best financial advice? ›

  • Choose Carefully.
  • Invest In Yourself.
  • Plan Your Spending.
  • Save, Save More, and. Keep Saving.
  • Put Yourself on a Budget.
  • Learn to Invest.
  • Credit Can Be Your Friend. or Enemy.
  • Nothing is Ever Free.

What are three facts about financial literacy? ›

Here are 10 statistics that illustrate the state of financial literacy in America.
  • No. 1: 56% of adults are financially anxious. ...
  • No. 2: 22% of U.S. adults lack an emergency fund. ...
  • No. 3: 61% of adults live paycheck to paycheck. ...
  • No. 4: Almost three quarters of Americans budget on a monthly basis. ...
  • No. ...
  • No. ...
  • No. ...
  • No.
Sep 6, 2023

What are the three C's in financial literacy? ›

Students classify those characteristics based on the three C's of credit (capacity, character, and collateral), assess the riskiness of lending to that individual based on these characteristics, and then decide whether or not to approve or deny the loan request.

What does financial literacy focus on? ›

Financial literacy focuses on the ability to manage personal finance effectively, which requires experience of making appropriate personal finance choices, such as savings, insurance, real estate, college payments, budgeting, retirement and tax planning.

What are the big three financial questions? ›

Table 1 The “Big Three” financial literacy questions
  • Suppose you had $100 in a savings account and the interest rate was 2% per year. ...
  • Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. ...
  • Please tell me whether this statement is true or false.

What is the big three big five? ›

According to the first, there are three main factors: Extraversion, Neuroticism and Psychoticism, whereas the Big Five theory claims that five factors are needed to account for most of the variance in the field of personality: Extraversion, Neuroticism, Agreeableness, Conscientiousness and Openness to Experience.

What are the five primary financial literacy principles? ›

The U.S. FLEC highlights five principles as the building blocks of financial literacy, known as the MyMoney Five.
  • EARN.
  • SPEND.
  • SAVE & INVEST.
  • BORROW.
  • PROTECT.
Apr 17, 2024

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