Financial Literacy for Teens
How do you go about preparing homeschool high schoolers for managing money throughout their lives? Financial Literacy is a life skills math credit that many teens will use WAY more often than their high school math. Join Sabrina, Vicki, Kym and Eagle, the Seeing Eye puppy for a fun discussion of Financial Literacy curriculum.
Back in 2008, when the economy crashed, some economists believed that poor personal financial management (including too much mortgage debt) was part of the problem. In reaction to this, many state education departments began to require that high school transcripts include Consumer Math so that teen could have at least basic money management skills.
But Consumer Math might not be enough for many teens.
Teens need more if they:
- want real-life preparation for not just money, but for making financial decisions
- as well as training for planning and for other financial considerations
They need Financial Literacy.
So, what is the difference between Consumer Math and Financial Literacy?
- Consumer Math covers the basics such as creating a budget and balancing a checkbook.
Financial Literacy covers Consumer Math PLUS planning for the future, finding the right insurances, banking, credit and more.
There are several good financial training courses. We, of course, like 7Sisters’ Financial Literacy because it covers all the bases of Financial Literacy courses but also trains students on how to find information (and where to avoid information). It is an interactive, internet-based curriculum that teens love…and actually use. Click here to view the Table of Contents.
Homeschool high schoolers finish the course with a life financial plan. (Here’s our Authoritative Guide to Financial Literacy to give you a comprehensive look at the subject.)
As soon as 7Sisters’ published our Financial Literacy course, our teens began using it and teaching it in our local homeschool group classes. The curriculum was vetted by the teens, who gave valuable feedback on how they learn best. Those teens are now adults and still using the skills they learned from their Financial Literacy course.
Your teens will benefit from taking Financial Literacy, but don’t take our word for it.
We have lots of resources by us and our families and friends to help your teens learn to manage money!
- Here’s a post to help clarify whether your teen needs to count Financial Literacy as Math credit or Elective credit.
- Check out these posts from 7Sister Sara’s sons Luke and Joel. You’ll also enjoy this Dollars and Cents Podcast episode on How to Teach Kids about Managing Money.
- Join Sabrina, Vicki and Kym for this week’s episode.
- Many homeschooling families do 7Sisters Financial Literacy, Career Exploration and Apologetics. Did you know you can save a lot of money when you purchase together in the Curriculum Bundle to Prepare for Independence?
- Start the Financial Literacy adventure for your teens with a download a freebie Financial Literacy Worksheet (check out this excerpt). AND here are 7Sister Sara’s top picks for financial literacy.
- Do you have a homeschool high school co-op? Here is a guide for teaching Financial Literacy in Co-op.
- While you are at it, download our popular freebie: Suggested Syllabus for Financial Literacy from a Christian Perspective.
- Adapt it to your teens’ needs!
- Also, here’s a link to an excerpt from the Financial Literacy Worksheet freebie.
- If you have not yet found our Authoritative Guide series of posts, start with this one: Authoritative Guide to Financial Literacy. You can find the entire series in the right side bar on this page!
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