Every student will eventually have a job, pay taxes, buy a car, and manage their finances. How do we best teach these skills of financial literacy in high schools?
Schools that are embracing this need are taking the business classroom to the next level by creating a financial literacy lab. State-of-the-art labs use LED Stock Tickers, LCD screens, and specialized software to turn an ordinary computer lab into the most exciting room in the building.
Financial Literacy Curriculum
To teach financial literacy in high schools, the curriculum should cover three key subjects:
- Business – Curriculum for Accounting, Management, and Marketing classes, all aligned to state and national standards. Walk students through reading and building income statements and balance sheets, while building their portfolio of stocks and corporate bonds.
- Economics – Look at supply and demand examples in the stock market, and have students buy stocks from 5 different sectors of the economy. Students can then monitor live market news and how the headlines impact their decisions.
- Finance – Start your students off with $100,000 to build a portfolio. Teach them how to build a budget to fit investing into their overall spending plan. Expand into insurance and starting a business and how to build a savings plan for retirement.
How Can Rise Help
We have bundled the following products and services together with packages from $5,000 to $20,000 depending on your high school’s needs
- LED Stock Ticker Display – create your own watch list of stocks
- LCD Displays – display templates for Key Economic Ideas, Accounting Essentials, Personal Finance Keys to Success
- Curriculum / assessments – through our partnership with PersonalFinanceLab.com
High School Examples
Over the past few years, we have helped several hundred universities and high schools implement finance labs – here just a few examples: