Financial Literacy at home, in School and Society

Earning, saving, spending, investing, budgeting, collecting, and giving are all part of handling money.  And handling money wisely is what financial literacy at home, school and in society is all about.

Modern governments want to develop financial literacy among consumers in society. This means improving the ability to understand money matters, applying that knowledge and developing responsibility for making money decisions at the grade school level.  Money literacy is an important life skill. Although it has minimally been taught in school in courses such as Home Economics, things are changing in this area in attempt to make our children good money decision makers before they come into their adult years.

Kids need genuine and sound guidance from people who know what they are talking about.  Parents, schools and other initiatives are important in ensuring a society wide grasp of financial affairs.  Making this information accessible to all students, seems so important where it is existent in so many affairs of life around the entire globe.  So much about schooling has been geared toward finding a good job when a learner graduates from school, but they first need mature ideas of how to understand and manage money.

In our One and My Equals Card Deck, 3 Fun Games are included:

1. Go Figure! (like Go Fish)

2. Pie! (like Concentration)

3. Matrix!

To view and try out these fun money card games about the Whole Number One ($1) and all its equivalents – fractions, decimals, percentages and money,  click here:

http://www.math-lessons.ca/activities/OneEquals.html

This site is also a valuable resource for kids that includes lessons about money, and game lessons on financial literacy and how to use money in their neighborhood:

http://www.kids.gov/k_5/k_5_money.shtml

About the Author

Specialty: International Education

Comments (4)

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  1. Luke Hagan says:

    I find it somewhat strange that we would need a game to provide money management skills to students. This seems to be a level of abstraction beyond the typical level that a student would be interested in. I may consider using them for my students if they enjoy the original games but working with money in a school context seems so fictitious that the practice in itself is a game to the student.

  2. Rob says:

    Thanks Luke. It is an interesting subject, we have mixed feelings about often. Trusting in the teachers to guide the kids in all the smart and good ways.

  3. Kelvin says:

    Interesting read. Still, its a good practice to get kids into financial literacy. Playing games with them is definitely a good start. My all time favourite is still monopoly http://www.funmathsgames123.com/?p=117
    cheers!

  4. Dave says:

    Thanks for the information to help my students to manage and handle money. I usually use http://www.grade2mathworksheets.com to print math worksheets on counting coins, but need more resources and google it and stumbled on this page.

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