Money Smart

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Using the FDIC’s comprehensive financial education curriculum “Smart Money for Young People”, we have covered the first 5 modules of a 12-lesson curriculum designed to help young people enhance their financial skills and create positive banking relationships. The table below illustrates the topic and learning objectives for each of the modules.

Lessons at a Glance

Lesson NumberLesson TitleTopicLearning Objectives
1The Path to SuccessCareer and Job Opportunities● Identify and assess the skills and experience needed for a variety of
careers
● Examine the impact of education and other opportunities like internships on career trajectory
● Create a path for advancing in a career field
2Bread and ButterIntroduction to Taxes● Understand and explain the purpose of federal income and state tax and how it affects personal income.
● Apply mathematical skills and
concepts to tax brackets and personal income
● Describe and evaluate the importance of the current federal income tax system
3Designing DreamsFinancial Goals● Identify and explain needs and wants
● Identify their own financial values and apply those values to their financial goals
● Create a financial goal and develop the process to achieve it, factoring in possible barriers to that goal
● Understand an explain the importance of creating financial goals
4Being a Savvy ShopperSmart Shopping● Consider the role of needs and wants in decision making
● Evaluate the credibility and motivation of marketing and advertising
● Distinguish the best value of goods and services
● Define and apply opportunity cost to purchases
5Go with the FlowCash Flow and Budgeting● Explain the purpose and value of budgeting
● Explain the budget categories: fixed expenses, variable expenses, and discretionary expenses
● Create a budget accounting for income, expenses, and unexpected scenarios
6Super SaversThe Importance of Saving● Understand and explain the importance of saving money
● Evaluate methods for saving money, both for a scenario and in their own lives
7How to Stash Your CashSavings Options● Evaluate and differentiate a variety of banking and savings options
● Identify the benefits of creating a savings account
● Understand compound interest and how it can increase savings
8Money Doesn’t Grow on TreesInvesting Options● Understand investment growth, losses, reward, and risk by developing and tracking a stock portfolio
● Demonstrate a general understanding of investment vehicles, like bonds, stocks, and mutual funds
● Create investment tips for an adult audience
9Give Credit Where Credit Is DueCredit and Debt● Understand how to build credit and
practices that may hurt credit
● Identify the economic benefits of good credit
● Discuss the consequences of debt
10Protecting YourselfProtecting Your Identity● Create a trifold informative brochure on identity theft and prevention methods
● Apply information about identity theft
and prevention in realistic role-plays
11Risky BusinessFinancial Risk● Identify methods to protect oneself from unwanted financial risk
● Create a risk management plan for a purchase
12Spend, Save, or Give?Personal Financial Choices● Create a balanced budget that takes into consideration spending, saving, and giving
● Analyze personal decision making when crafting a budget
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