Federal Reserve Bank
Income Taxes
Most adults dread April 15 — tax day! Tax preparation can be intimidating even for adults. Build confidence by leading individuals through the process and then give them a scenario to practice. The exercise uses tax vocabulary to give...
Curated OER
Good News and Bad News: Income and Taxes
Students examine Internal Revenue Service (IRS) Form 1040, citing particular line items that are pertinent to an artist acting as an entrepreneur. They explore various sources of income and the importance of keeping accurate income records.
Federal Reserve Bank
Your Budget Plan
What do Whoosh and Jet Stream have in common? They are both characters in a fantastic game designed to help students identify various positive and negative spending behaviors. Through an engaging activity, worksheets, and...
Curated OER
Extra Credit: It’s No Fairy Tale
Young scholars discuss their knowledge of payday loans and credit cards. In this Economics lesson, students complete a read an article and Q&A activity in groups, and play a vocabulary bingo game and a quiz game on payday loans....
Curated OER
Learning to Spend, Learning to Give
Students explore the concept of personal finances. In this personal finances lesson, students identify their income and expenses. Students create a budget for their spending, saving, investing, and donating habits. Students draw graphs...
Curated OER
Why Would I Owe My Soul to the Company Store?
Sixth graders listen to "Sixteen Tons" by Tennessee Ernie Ford and discuss what it means to owe one's soul to a store. In this mathematics lesson, 6th graders determine what a miner's income was minus his expenses graphing findings in a...
Curated OER
Preparing an Income Statement
Tenth graders discuss the contents of income statements. In this accounting lesson plan, 10th graders are introduced to the parts of an income statement. Students practice filling out the four parts of an income statement,...
Curated OER
Interest Income
Students identify taxable interest income, and report taxable and tax-exempt interest income.
Curated OER
Show Me the Money
Pupils investigate financial applications of mathematics in this mathematics activity. They will investigate equations that represent a company’s income, expense, and profit functions and use those equations to identify break even points...
Curated OER
Budgeting: Vacation Planning
In this vacation planning learning exercise, learners plan a vacation. They determine the approximate cost of their vacation. Students complete an itenrary and graphic organizer to identify daily costs of the...
Curated OER
Profit and Loss
Students analyze the concept of profit and loss, the components of a simple profit and loss statement and the importance of a profit and loss statement. They calculate profits using gross income, total expenses and cost of goods sold....
Curated OER
Money Smart Choices
High schoolers make choices regarding money management. For this personal finance lesson, students explore budgets, incomes, and expenses as they learn vocabulary regarding personal finance and consider how to create personal...
Curated OER
What is the Importance of Developing Job Skills?
Financial literacy is the way to teach! The class works in small groups to discover the relationship between education and income level. They use their math and problem-solving skills to complete two different activities. They work out a...
PLS 3rd Learning
Budget Basics
Prepare young adults for life with various budgeting activities. Exercises include identifying fixed, variable, and discretionary income, and creating a budget based on a realistic projected income. The required website allows teachers...
California Department of Education
Choosing My Lifestyle
How much does it cost to live the life your dream life? Scholars explore the pitfalls of personal finance through planning, discussion, and research. The first lesson in a five-part series tasks individuals with determining an...
Curated OER
Invest In Yourself
Students learn about budgeting, saving, dept, financial management, opportunity cost, and self-regulation. In this financial management lesson, students apply their knowledge of finance components and create their own web based plan...
Curated OER
Budgeting 101
Students identify various sources of income and discern between needs and wants as they also learn to create a personal budget. In this personal budget instructional activity, student understand financial scenarios as they relate...
Curated OER
Budgeting for the Future
Eighth graders determine the net amount of an income for a fictional job. They must determine their net worth minus standard deductions. Students must then determine their monthly budget including, groceries, credit, and rent.
Curated OER
Family Financial Profile
Learners investigate the cost of living. In this financial awareness lesson, students play a game to simulate various family situations and their incomes. Learners choose activity cards and record information on their family profile...
Curated OER
Money and Credit: Making Good Decisions
Middle schoolers participate in activities that teach them how to manage money. In this managing money lesson plan, students set long and short term goals for economic success by having discussions, identifying benefits of saving, and...
Curated OER
The Art of Budgeting
Students create a plan to achieve personal and financial goals. In this budgeting goals lesson, students identify their sources of income and discuss being financially independent. Students record their monthly expenditures and present a...
Curated OER
Class of 2000 - Student Loans
Students determine how they will finance their postsecondary education. In this student loan lesson, students create spreadsheets that help them budget their first year of college. Students identify methods to fund the budgets and...
Curated OER
Balancing a Budget
Pupils calculate living expenses for a non-traditional career choice. They examine interest, balancing a checkbook, and financing cars and homes.
Curated OER
"Tarantula Shoes," by Tom Birdseye
Students read a book and explore spending, saving, opportunity cost, and trade-offs. They keep a diary of expenses to track their spending and examine their opportunity costs.