Without a doubt, most high school students are doing things these days to earn money in order to support their parents and caregivers in providing for themselves due to the economic crisis.
Some do their own shopping, while others save in preparation for further education.
These young students in their teens have begun to make financial decisions, and the majority of them are required to make bill payments, including phone bills.
As a result, financial education is a necessity that should be included in their studies to assist these students in navigating the financial world and becoming financially inclined when they reach adulthood.
Below are 3 principles to apply as a teacher to improve your students’ financial education:
Make it relevant to the current lives of the students
Start preparing for your lesson as a teacher by looking at the financial world from the perspective of these teenagers.
Teenage priorities include birthday party shopping, saving for higher education, and selecting a mobile phone plan.
These are moments to teach the main objective, comparison-shopping approaches, saving techniques, behavioral finance methods, and the power of investment returns, among other ideas.
Educate these students on how to utilize their phones to take better decisions and handle their own funds.
Highlight financial ideas and essential reasoning ability
Don’t get stuck teaching memorization of facts information or old financial tools.
Start by teaching students about financial principles that they can utilize during their lives and applying them to situations they are encountering now and in the future.
Every child is unique, and students with special needs demand a unique approach.
Strive for advancement in understanding, conduct, and mindsets
As a teacher, you want to see significant progress in your pupils’ learning.
A larger goal drives them to put what they’ve learned into practice.
You want to increase their understanding of the financial tools at their disposal that can help them succeed in their life.
For instance, if you want them to have a favorable attitude toward creating a savings account, you can introduce them to savings for teens through their parents or caretakers, and this will encourage them to save for the future.
Students, like adults, want financial freedom, as a result, many now take on after-school jobs or skill acquisition programs.
Some are already earning money based on the skill they were able to acquire in a short period of time; with financial education at their disposal, they can achieve financial freedom and avoid spending recklessly.
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