Throughout April, we are celebrating Financial Capability Month by featuring a variety of financial education programs and resources that you can put to use in your classroom right away. The 19th in this series focuses on the Keys to Financial Success program and other resources from the Federal Reserve Bank of Philadelphia.
One question many school administrators and others ask is what textbook is needed to provide a course in personal finance. Certainly, there are many such textbooks available, but it is also possible – and some would argue it is preferable – to use resources other than a textbook. Keys to Financial Success offers one such alternative.
Keys to Financial Success is a complete course plan for teaching personal finance to high school students. Composed of 52 lessons, it is designed to help teachers use active and collaborative learning with their students. Taught in full, the program provides content for a one-semester course in personal finance. The course is organized into nine themes ranging from goals and decision making to risk protection. A full listing of the themes and lessons is available on their website. You can also view a sample lesson, view suggested timing for a semester-long course, and review the sources of the curriculum.
To receive the program, teachers are asked to attend a 5-day professional development session at the Federal Reserve Bank of Philadelphia. This summer’s course will take place July 9-13, 2018 (see here for more information or to register). There is a $50 registration fee for the professional development program; however, materials and program information are free. The program includes many lesson demonstrations, and participants will receive 30 hours of Act 48 credit, meals, and all curriculum resources. Teachers that cannot attend or those with questions should contact Todd Zartman at 215-574-6457.
In addition to the Keys to Financial Success program, the Federal Reserve Bank of Philadelphia offers many other educational resources:
Lesson Plans: The economic education specialists at the Federal Reserve Bank of Philadelphia have authored over 60 lessons which are available on their website. These range from children’s literature focused lessons for elementary school students to more complex economic and personal finance topics for high school students. The site also includes the ability to search the lessons by grade level and topic.
Money in Motion: Come and visit the Federal Reserve Bank of Philadelphia’s interactive exhibit in person. While small groups (less than 10 people) are welcome during regular business hours, larger groups should call ahead to arrange a visit (215-574-7123 or 866-574-3727). Visitors will enjoy viewing money from the original 13 colonies, examining a rare $100,000 bill, testing their ability to detect counterfeit money, and more.
The Federal Reserve and You: Do you explain the Federal Reserve System to your students? Would you like help to do so? The Federal Reserve Bank of Philadelphia’s education team spearheaded the development of an excellent video series that explains the ins and outs of the Federal Reserve System. Divided into 8 chapters, the videos cover topics ranging from The History of Central Banking in the US to Money and Banking 101 to The Payments System. Teachers can watch one chapter at a time or select just one segment. In addition to the online versions, DVDs can also be ordered at no charge (one copy per name and address).