Financial Literacy: Money Grows in Banks, Not Trees!
My students need a National Geographic money book, school supplies and a video camera to support our financial literacy project about the minting of money and its value.
"The hardest thing to understand in the world is income tax"
-A. Einstein
Well Mr. Einstein, you are in for a lesson because our students are about to make dollars and sense of both money and taxes through our financial literacy project on how money is valued, designed and minted, and how taxes work.
Our diverse population comes to school full of energy and excitement about the possibility to learn about our world.
We have many challenges in our school, poverty and language barriers, but our students overcome these by celebrating our diversity and working together to accomplish our goals.
My Project
These resources will help us in our financial literacy project. Students will use the different supplies to create their own form of money. Students will have a hands-on experience designing their own money, including symbols, slogans, different designs, portraits and pictures that will be based on our study of different monies from around the world.Students will also learn what gives money value, how money and taxes work and the differences in pay for jobs.
The video camera will be used for students to create advertisements for their money and try to persuade other students to exchange money with them. Students will be able to view each others advertisements through an online exchange. In the exchange, student's money will either gain or lose popularity and value based one the exchange factors that students will learn about in this project. After the exchange competition, students will be taxed based on their accumulated wealth and a winner will be awarded.
Money doesn't grow on trees, but in financial centers and banks.
Students will learn many things through this financial literacy project. Students will benefit from donations because they will learn the value of money using high tech and low tech. Taxes and money will always be part of their life, and this project have a lasting impact on their ability to successfully manage the challenge of each one.
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