Saturday, August 9, 2014

Personal and Family Finance


     My eldest child decided to take a Personal and Family Finance course, online, through FLVS.  The course is a ten week course and he started it around the first week of June. After he enrolled in the program, we began by looking over the topics and skimming through the lessons/assignments. The program covers topics ranging from making a budget to managing investments. Although we loved the variety of topics being discussed, we weren't as thrilled with the lack of application of the lessons.  Rather than removing him from the course, we opted to find material to supplement his learning of the topics.  Thankfully, we were able to find lots of free resources over at Finance in the Classroom  and some awesome resource over at TPT by Personal Finance for Teens Unleashed. We also added a little game play with Cashflow for Kids. With these additional resources, we have been covering topics such as:
  • How to read a paycheck
  • Calculating/evaluating paychecks expected/received
  • Vocabulary terms related to income
  • How to fill out a W-2
  • Comparing employee benefits
  • How to write/read checks and money orders
  • Comparing financial institutions
  • How to make and manage a personal/family budget
  • How to manage a checking account
  • How to file taxes and fill out tax forms
  • Comparing credit cards
  • Comparing and obtaining automobile insurance
  • Comparing and obtaining health insurance
  • Purchasing a car
  • Purchasing a home
  • Career planning
  • Saving money
  • Understanding investments
So far, the combination of resources have been working beautifully. This is an important topic and it is a life skill that the children need to have before they go out into the world on their own.



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