Financial Life Skills for Young Adults-High School, CDC Health Standard 5

This lesson plan covers the "Financial Life Skills" young adults need to learn as they go out into the world. 4 activities included with assessment and answer key, clip art, printables, no prep needed.

Easel assessment available.

CDC STANDARD FIVE: Students will demonstrate the ability to use decision-making skills to enhance health

Covered in the lesson:

5 steps to creating a budget

Prioritize your spending

Work on establishing credit

Think about insurance

Key financial terms

FICO credit score ranges

Financial tips if you are going to college:

Know your financial aid options, set up a financial plan, try the envelope system, steer clear of using credit cards, establish credit, live frugally, use student discounts

The practice budget - understanding what you may be responsible for when living independently

Control your credit- making the right decisions on paying your bills, credit card use, guard your identity

Student loans- finance options and paying your student loans

How to live frugally

Keeping living expenses low

Understanding banking charges

What to do if you are in debt

Balancing your checking account - including a checking account reconciliation form

Staying on track

4 activities - including:

Estimating what you may have to be responsible for when living on your own, A Monthly budget worksheet,

Reflective writing activity: "3-2-1",

Assessment on 4 takeaways from Financial life skills lesson

Store: Health is Elementary