Personal Financial Literacy

Objective

By the time a student graduates from Aspen Academy, he/she will understand various sources and forms of income and analyze factors that affect income as part of the career decision-making process in preparation for lifetime earning power. Students will also understand principles of personal money management including budgeting and managing accounts. Students will be able to make informed purchasing decisions and be vigilant when making decisions to avoid fraud. Students will develop tools to help them evaluate investment options as well as be able to identify and explain consumer fraud and identify theft. Students will also be able to describe and discuss the impact of credit and debt on personal money management. Students will identify needs in society and ways to contribute that will help make the world a better place.

Differentiating Factor

Stock Market Experience

National research shows participation in stock market simulation programs improves test scores in economics, mathematics, and financial literacy.

21st Century Skills gained through the Stock Market Experience

Economic and personal financial literacy Resource allocation Diversification and investment strategies Critical thinking Data interpretation, analysis and synthesis through use of models and simulations Problem solving Research skills Oral and written communication Public speaking Leadership, teamwork, collaboration Identifying trends and forecasting possibilities Student-led inquiry

Examples and Activities

• Saving, Spending, Invest, Donate
• Kindergarten- going on a trip and distinguishing wants and needs to bring on the trip