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FREE Lesson Plan: Financial Literacy Exploration Through Interactive Games

Students will gain practical financial knowledge by engaging in a series of interactive games, including Payback, Shady Sam, STAX, and Credit Clash, to enhance their understanding of budgeting, investing, loans, and credit management. 





See my review of each game above in my blog post, "Let's Play a Game ... Navigating Finances: A Review of FREE Interactive Financial Literacy Games".



Duration:

Separate into 5 days.


Day 1: Introduction to Financial Literacy Games





Activity 1: Icebreaker (15 minutes)

  • Begin with a brief discussion on students' understanding of personal finance.

  • Introduce the concept of financial literacy and its significance.



Activity 2: Game Overview (30 minutes)

  • Present an overview of each game and the financial literacy concepts they address:

  • Payback: Budgeting, time management, and debt management.

  • Shady Sam: Understanding loan terms, potential pitfalls, and the impact of high interest rates.

  • STAX: Investing, index investing, and experiencing market fluctuations.

  • Credit Clash: Credit scores, credit management, and their impact on loan terms.



Activity 3: Setting Expectations (15 minutes)

  • Establish expectations for the upcoming sessions.

  • Introduce essential financial literacy vocabulary, such as budgeting, debt management, investing, credit score, and loan terms.

  • Emphasize the importance of active participation and critical thinking during gameplay.


Day 2: Budgeting




Activity 1: Payback  (45 minutes)

  • Have students play Payback and discuss key financial decisions made during gameplay.

  • Encourage students to consider budgeting strategies, time management

  • Critical Thinking Strategies: Analyze trade-offs, consider opportunity costs, and evaluate the consequences of financial decisions.

Activity 2: Group Reflection and Discussion (30 minutes)

  • Share insights on budgeting and debt management

  • Discuss the impact of in-game decisions on financial well-being.

  • Suggested Discussion Topics:

  • How did you approach budgeting in the game?

  • How did the game illustrate the consequences of loan terms?


Day 3: Loans Exploration




Activity 1: Shady Sam (45 minutes)

  • Have your students play Shady Sam and discuss key financial decisions made during gameplay.

  • Encourage students to consider the impact of loans on financial well-being.

  • Critical Thinking Strategies: Analyze trade-offs, consider opportunity costs, and evaluate the consequences of financial decisions.

Activity 2: Group Reflection and Discussion (30 minutes)

  • Share insights on debt management and loan terms.

  • Discuss the impact of in-game decisions on financial well-being.

  • Suggested Discussion Topics:

    • How did the game illustrate the consequences of loan terms?


Day 4: Investing 





Activity 1: STAX (45 minutes)

  • Have your students play STAX and discuss key financial decisions made during gameplay.

  • Discuss investment strategies and market dynamics

  • Encourage students to explore the emotional aspects of investing 

  • Critical Thinking Strategies: Evaluate investment choices and analyze market trends.


Activity 2: Integrative Discussion and Reflection (30 minutes)

  • Engage in a comprehensive discussion covering the games thus far.

  • Encourage students to connect concepts from budgeting, investing, and loans

  • Suggested Discussion Topics:

  • How did the investment game simulate real-world market dynamics?


Day 5: Credit Management Exploration





Activity 1: Credit Clash (45 minutes)

  • Have your students play Credit Clash and discuss key financial decisions made during gameplay.

  • Discuss investment credit score management.

  • Encourage students to explore the emotional aspects of the consequences of credit-related decisions.

  • Critical Thinking Strategies: Consider the impact of credit scores on financial decisions.


Activity 2: Integrative Discussion and Reflection (30 minutes)

  • Engage in a comprehensive discussion covering all games.

  • Encourage students to connect concepts from budgeting, investing, loans, and credit management.

  • Suggested Discussion Topics:

  • What were the key takeaways about credit management from Credit Clash?

  • How do these games collectively contribute to a well-rounded understanding of financial literacy?


Assessment:

  • A written reflection essay where students analyze the connections between the games and real-world financial scenarios. OR

  • A presentation summarizing the key financial concepts learned from one game or multiple games

Extended Activity:

  • Have students research and present a case study or news article related to personal finance, connecting it to the lessons learned from the games.


Are you looking for more?





For parents seeking a more comprehensive and in-depth approach to financial literacy education for their children, FunCation's personal finance curriculum stands out as the best option. Offering a well-rounded program that incorporates true-to-life budgeting and investing games, FunCation goes beyond traditional teaching methods, providing an immersive and engaging learning experience. The curriculum's integration of these games ensures that students not only grasp fundamental financial concepts but also navigate real-world scenarios, fostering practical decision-making skills. With a focus on comprehensive budgeting strategies and nuanced investment scenarios, FunCation's personal finance curriculum equips students with the knowledge and skills necessary for a successful and financially literate future.


FunCation's Personal Finance courses are a part of our FAFlex Curriculum.


Join us in redefining education through flexible, dynamic, and personalized learning opportunities with FAFlex.


Video and text lessons

  • Unique hands-on learning activities (utilizing fun projects and games)

  • Carefully chosen and thoughtfully organized courses

  • Teacher supported 

  • Live-lab classes

  • Student social events and activities 

Price:

$24.99 monthly per student

or 

$216 annually per student




Current available FAFlex courses:


Grades 1st-5th:

-English Literature for Kids

-Earth & Space Science for Kids

-Civics for Kids

-Economics for Kids

-Geography for Kids


Grades 6th-12th:

-Personal Finance

-Writing with a Purpose: Intermediate and Advanced Writers

-General Physical Science

-Civics

-English Literature


*New novels and book studies are added to English Literature every week!


Coming Soon:

-Writing with a Purpose: Novice and Beginner Writers

-Engineering & Technology for Kids

-Early History of the Americas and US History (grades 6-12)

-Life Science (grades 6-12)



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