Financial Literacy Course for Homeschool High School

Why take a Financial Literacy for homeschool high school.

Financial Literacy Course for Homeschool High School

Financial Literacy Course for Homeschool High School

One of the things I loved most about homeschooling high school was that I could choose courses and course formats that met my teens’ needs. I wanted my teens to be prepared for living a healthy life, not just prepared for college or career. That meant that they needed more than core academics on their transcripts.

When we worked together to plan their high school years (I included my teens as much as possible in the planning), we talked about preparing for healthy lives:

  • Spiritually

  • Physically

  • Socially

  • Emotionally

  • Intellectually (developing thinking skills)

  • Academically

    • Each of my teens chose core courses and electives that helped prepare them for life after graduation, adjusting levels of rigor for each course according to their interests and goals.
  • Financially

    • Until my youngest teen was in high school, financial literacy preparation was difficult. There was little curriculum beyond some consumer math texts that my teens called “boring”. Then when my youngest was in high school, 7Sisters Sara developed a Financial Literacy curriculum that my youngest loved. As an adult, he still talks about how useful the course has been in preparing him for financial adulthood.
  • Practical life skills

    • Adulting requires so many life skills! We did many of these by learning hands-on at home or in co-op classes.

Financial Literacy: Teaching teens financial stewardship.

Why a Financial Literacy course?

Homeschool high schoolers need a Financial Literacy course. Here are some reasons why:

If you fail to plan, you plan to fail

Personally, I can tell you that I wish that my high school had required college-bound students to take a Financial Literacy clurse. Unfortunately, we had no space on our schedules for that course. Workforce bound teens took Consumer math. I had to learn the hard way on so many financial things.

A financial literacy course provides the guidance on how to determine individual financial goals and how to plan in order to make those goals an eventual reality. Financial Literacy teaches teens important skills like:

Handling credit cards

Once teens apply to a college, they will be inundated with credit card application forms.  A teen without financial literacy instruction may be sucked in to getting a credit card and using it, without realizing the problems that can result and take, often, YEARS to correct.

Choosing and maintaining different insurances

A young high school graduate who is filling out his/her enrollment for employee benefits for the first time, but has not benefitted from taking a Financial Literacy course, might not realize the importance of some of the insurance coverages often offered. They also need to understand insurances like automobile insurance and even life insurance.

How to budget

This is one of the most important real-life skills a teen can learn. If they learn to budget their money in high school, they will be more likely to maintain budgets through adulthood.

Ways to be wise with money

For example, young adults with uncomplicated financial lives may unnecessarily pay a tax preparer to complete their tax returns. They may not realizing that with the tax instruction booklet (and maybe a couple of quick information searches on the internet), they could easily complete the return themselves and save a significant amount of money.

Planning for the future

Homeschool high schoolers learn in Financial Literacy how to plan for the future, because Lord willing, the future will come. They can learn to be like the wise ants in Proverbs 6, who gathered food in the summer and saved it so that winter came, they were prepared.

That’s why 7Sisters developed Financial Literacy from a Christian Perspective

 7Sisters Financial Literacy from a Christian Perspective is understandable, useful and includes these features:

  • Terminology and vocabulary for understanding finances
  • Biblical foundations for wise stewardship
  • A look at the time value of money
  • Learning at the impact of personal values on finances (along with tools for personal evaluation, goal-setting and review)
  • Strategies for record keeping
  • Instruction in the use of credit, credit scores and the pitfalls of the misuse of credit
  • Clear explanations of pay, benefits and deductions
  • Instruction on the use of debit cards
  • Explanations of the various types of financial institutions (along with some pros and cons of each)
  • Ways to recognize threat and fraud
  • Tools to safeguard personal accounts
  • Instruction on various types of insurance
  • Basic tools for career exploration with costs of training or education
  • Charts and videos for visual and auditory learners
Financial Literacy from a Christian Perspective 7SistersHomeschool.com
Click image for full description.

Financial Literacy course (like any good Fin Lit course) is comprehensive, including:

  • Money – The Basics
  • Setting Financial Goals
    • How Values Affect Goals
    • S.M.A.R.T Goals
    • Financial Strategy for Achieving Goals
  • Budgeting
    • Limited Resources
    • The Budget – Freedom within Safe Bounds
    • Income and Expenses
    • Keeping Your Spending on Track with Your Budget
  • Saving and Investing
    • The Time Value of Money
    • Simple and Compound Interest
    • Investments: Risks and Rewards
  • Credit
    • Revolving and Installment Loans
    • Benefits and Risks of Credit
    • Amortizing Loans
    • Your Credit Report and Credit Score
    • Debt
  • Financial Institutions and the Services They Provide
    • Banks and Credit Unions
    • Checks
    • Debit Cards
    • Bank Statements & Balancing Your Checkbook
    • Identity Theft
  • Insurance
    • Automobile Insurance
    • Health Insurance
    • Life Insurance
    • Disability Insurance
    • Renter’s/Homeowner’s Insurance
  • Your Career
    • Help for Choosing Your Career
    • Education and Career Opportunities
    • Payroll Deductions and Employee Benefits
    • Christian Work Ethic
  • Taxes
    • Record Keeping
    • Basic Income Tax Vocabulary
    • Tax Preparation Exercises

7Sisters Financial Literacy has a unique interactive format that allows teens to truly get involved with developing the necessary life skills of managing money well. This is a downloadable course that comes in a unique format:

  • Four Student .pdf files:
    • Textbook (including Study Sheets at the end of the chapters & Appendix of suggested reading
    • Exercises
    • Worksheets
    • 2018 1040 Instruction Booklet (for use with Chapter 9)
  • Four Parent .pdf files:
    • Exercises Answer Key
    • Worksheets Answer Key
    • Tests Answer Key
    • Tests

If you would like a glimpse on how to use our useful Financial Literacy curriculum, here’s a mom’s guide.

Financial Literacy for Teens: Give your teen a syllabus to help them stay on track

A syllabus for Financial Literacy can help your homeschool high schoolers to manage their time and energy while they learn to manage their money. Here’s a suggested syllabus for Financial Literacy (FREEBIE that covers the full year) that you can adapt to your teens’ needs.

Teaching Financial Literacy in your co-op?

Here are some ways to have fun with Financial Literacy with your co-op or homeschool group classes. (Don’t forget the co-op discount!)

Download 7Sisters Financial Literacy from a Christian Perspective and help your teens succeed in their financial lives.

 

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Vicki Tillman

Blogger, curriculum developer at 7SistersHomeschool.com, counselor, life and career coach, SYMBIS guide, speaker, prayer person. 20+year veteran homeschool mom.

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