Financial literacy is essential in today’s complex world. The goal of financial education is to provide students with a foundation of knowledge—and the confidence and skills to apply that knowledge effectively. The classroom is an ideal environment in which to engage students in a relevant way. It is important to allow students to apply their knowledge and grow their skills before costly decisions are made.
Research reveals that there are positive effects to tailoring instruction. In a high school classroom, this means considering what financial decisions students are facing or will soon face. Allow them to practice the skills that they need to make these decisions. Supplementing learning by providing a mix of pedagogical approaches including PowerPoint presentations, lectures, videos, and games can have impactful results for students.
This may include having them fill out a tax form, research loans, or maintain a budget. The classroom setting is a great place to practice financial decisions, discuss these decisions, and learn from them before major life decisions are made.