Wish you were my key

Article review:

Website: http://www.wereteacher.com

Author: Megan De Matteo and Leslie James

Publication: June 04 2019

6 Fun Saving and Budgeting Activities for High School Students

One of the biggest challenge is to teach the Senior High School student to balance the basic financial literacy tasks like budgeting and saving.

Finding ways to connect financial literacy with the things that are important to students is a key.

These are some fun budgeting activities from a shs teacher to her students.

Have students make a list of up to 10 items they’d like to buy. These items can range in price, but encourage students to think as big as they’d like. Then, ask students to get in groups to identify the things their chosen items have in common and how those items are different. From this exercise, ask students to explain why they chose these items and to answer some other guiding questions.

Then, have students create a buying plan for a few of the objects that they’d like to buy in the next year. Help them decide, based on whether they have a job, receive an allowance, or have a savings account, how they’ll make the purchase and help them tailor each plan to their situation. Walk in someone else’s shoes for a week. Ask students to estimate how much they think an average person spends in one week.

Students can tally every expense a particular person may have on any given day . At the end of the week, students can compare their group’s expenses with their prediction. In groups, have students discuss unexpected events they’ve seen their families contend with and share how much money they think it would cost to address those emergencies. Then, help students design a savings «first aid kit».

Get them invested in making their money grow. Tell students they are going to begin saving in an account with compounding interest. Students pick cards to determine their account’s compound interest rate. Run the experiment over the course of one week with each school day acting as 5–10 years.

Teach students how to predict and then calculate returns on savings using a compounding calculator, and watch how the interest compounds to grow exponentially over time. Give students a budget reality check. With a little empathy, time, and positive thinking, you can teach your students how to build budgeting and savings habits that work for them.

My reaction

I was actually having fun with it because it help me think for a way how can I save money to buy something I want. To be a independent girl that can buy all those things in my wish list.

I dont have lot to say about this because as an ABM student must have a knowledge about budgeting money to buy something.

It was actually related to every kind of blog specially to may blog beacuse this can help people to be independent on how they are supposed to value there money in a nice way.

For own experience having a good manner in saving money I can easily buy the things I wanted the most and sometimes I’m in bankrupt but still I have “ipon” to get.

A precious thing that I need to control was myself because I can’t stop myself to buy anything without in my wish list. I buy all my allowance for food specially mango and potato chips in the canteen.

I probably share this to everyone beacuse it can help them to be enlighted to make there dream come true. Saving can lead them to be thrifty and help them to buy anything they want without the help of the others.

But we should know that saving money and proper budgeting can help yourself to be thrifty. It can also help you to control yourself to be a good budgeter for your near future.

It is the key to successful in life.