"Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. "
MyMoney.gov is a website developed by the congressionally chartered Federal Financial Literacy and Education Commission. The website is dedicated to teaching all Americans the basics about financial education.
This section of the ALA/PLA provides tools for financial literacy, home buying, and retirement planning.
Payback nudges students to think about how to succeed in college without taking on excessive student debt. Tony Montgomery, a teacher at an alternative high school in New York City, says, “Payback teaches students that it is very important to have a healthy balance between academics, work, and social activities while continuing to manage your debt.”
This fast-paced, sports-themed, interactive game engages students in quiz bowl–style questions to advance players up the field. It includes various levels of difficulty and game lengths to make it easier for teachers to differentiate in the classroom. Players can play against the computer or each other.
Shady Sam demonstrates how loan terms can hurt borrowers who don’t pay attention. Players take on the role of a loan shark. The more the customers pay in interest and fees, the higher the score for the game player. Julius Prezelski, a teacher at Mount St. Joseph High School in Maryland, noted that students realize “how the loan game works and how lenders take advantage of consumers.”