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A fresh take on lessons for a healthy life.
Financial Health Outline
Earning, Saving and Spending
The reward center of our brain releases dopamine with many of our choices. Students will gain an understanding of the science behind our efforts to earn, save and spend. Hands-on activities will help them put a plan in place for earning, saving and spending in their own lives.
Finances- The Impact on Overall Health
Over 70% of Americans say they get stressed about money. This stress leads to a strain on their physical and emotional health. It will even impact relationships. Students will learn how to protect their overall health by creating financial health.
Tools for Avoiding Risky Behavior
Students will learn common risk factors that lead to financial challenges for teens and young adults. Additionally, videos and activities will help them identify how to have protective factors in place for their own financial health. This includes researching options for after high school.
Toxic Thoughts + Words- The Impact to our Financial Health
What we think and say about finances will have a direct impact on our wallets. Students will use a calendar to track their words and learn to shift habits. They will also watch videos and view research to help them understand how to build assets and carefully manage their liabilities.
Wealth: It's More Than Just Buying Cool Stuff
The unique lessons in this chapter will help teens to understand that they can leverage their talents to create wealth. They will also gain perspective of creating wealth with an object of generosity in mind.
Sample Lesson
Higher Education Tuition: The student loan dilemma.
“Which college are you going to?” “What do you plan to study in college?” These are probably the most commonly asked questions of high school students. They are important questions. But how many people are asking, “How much student loan debt will that require, and are there other options for you to be more financially healthy?”
Investing in a college education is a requirement for several professional paths. If you want to be a doctor, engineer, attorney, etc…, then student loans will likely be a part of your path. However, there is more than one way to make this happen.
Student A enters a 4-year university right out of high school and will average about $35,000 in student loan debt. (Note: Student A’s parents will average an additional $28,000 in student loans.) A more startling fact is that only 59.7% of students actually graduate after four years; 61.5% graduate after six years with a degree. Many of those who graduate still find themselves unable to find a job with their degree. They get a masters degree or continue in a specialized area like law or medicine. See chart below.
Student B first attends a community college, then actively seeks grants and scholarships to transfer into a 4-year university. They will average $16,000 in student loan debt. (Note: some states make community college courses free. Students pay only for textbooks.) Student B also works a part-time job during all four years to avoid consumer credit card debt. The average credit card debt of college students is $3,280.
Watch the video at the link below to hear a fresh perspective on student loans. If you do not have a PragerU account yet, you can simply set up a free one with an email address.
Game of Loans
https://www.prageru.com/video/game-of-loans
- Student A Average Total Debt $63,000
- Student B Average Total Debt $16,000