Financial Literacy 101 Instructor Guide
The Instructor Guide resources section gives you a chance to get an overview of each course. You will be able to view the multimedia from both course versions without having to switch your CFNC profile between high school or college level. To use personalized resources such as the financial goals exercise and course notes/bookmarks, you will need to create your own course. You may create a course from this link.
About the Course
Financial Literacy 101 is a 45-minute course designed to help prepare students for the financial challenges they will face as college student, especially budgeting and credit card management. We also hope to help generate a dialog on financial issues between parents and students - a key factor in overall student success in college.
This course is an ideal way to easily integrate a financial literacy component into your classroom, and makes a great homework or extra-credit assignment. Further, the course is a great take-away resource from financial aid nights.
This course is designed and operated by Decision Partners, a 501(c)(3) non-profit organization.
In addition to a basic financial literacy curriculum, the course uses surveys, quizzes and interactive exercises to encourage students to reflect on their personal knowledge, attitudes and behavior on relevant financial topics. By considering this financial literacy material in the context of their own perceptions and beliefs, we hope to encourage critical thinking and responsible decision making.
Course Content
After registering for the course, the student is taken through a linear learning experience that uses both textual and multimedia content. In addition, there are several interactive calculators that help students apply the knowledge they learn from the course to their personal circumstances (or, in the case of the "real world" calculator, their expected post-college financial situation). The course contains two short quizzes.
Part 1: Financial Health - An introduction to the concept of "financial health," comparing the discipline required to maintain financial health with the discipline required to keep physically healthy. The content covers budgeting and banking, and includes an interactive budgeting exercise.
Mid-Term Quiz - Several questions covering the content in Part 1. Students are told immediately
if they answered correctly and are given additional information on each topic regardless of whether they
answered correctly or not. This feature serves to reinforce the most important concepts of the course.
Part 2: Credit and Debt - Focusing primarily on revolving consumer debt, this section covers credit cards, credit card marketing, credit reports/scores, identity theft, and recognizing the trouble signs of unmanageable debt. The course ends with the "real world" calculator, in which students have the opportunity to interact with a hypothetical post-graduation budget based on actual starting salary data for over 40 professional fields.
Final Exam - Several questions covering part two of the course. Students are also given the opportunity to re-take missed questions at the end of the course.
Post-Course Survey - A brief survey in which students may rate the course and offer feedback for future revisions to the course.
For a deeper look at the content, we encourage you to either take the course or read the downloadable fact sheets provided below.
Course Tools
While the course is built around a multimedia content delivery model, the course is organized by each participant's personalized "My Money" page, which is customized by each student's interests. For example, while taking the course, students are given the opportunity to "save" content sections of interest. These sections are then copied to their personalized page, where they link to more detailed textual information.
In addition, the My Money page also includes:
Course Completion Certificate
Students who complete the course may print a confirmation certificate which includes a secure, unique code. The completion certificate also includes each student's combined midterm and final exam grade. Please note that students may retake individual questions to raise their score.
Budgets, Banking and Educational Loans
Credit Cards and ID Theft
Student Lending Scams
Multimedia Resources
Much of the course is comprised of multimedia modules that integrate streaming audio with slides. Below are links to each of the modules, which will open in a new browser window. If you are done with the module, simply close the window. Otherwise, you will be prompted to either login or create your financial literacy course. Please note: Many course resources require that you login to the course. We suggest you create your own course and take it in its entirety rather than relying on the following examples.
In addition to our course, we also recommend the lesson plans of the National Council on
Economic Education. For more information, please visit their web site at http://www.ncee.net/.
The direct link to their free lesson plans is http://www.ncee.net/resources/lessons.php.
Curriculum Overview
Financial Literacy 101 is an online financial literacy course designed for the specific educational needs of graduating high school seniors and college undergraduates. The course could also be called a "brief intervention" in that is designed
primarily as a prevention vehicle for helping students avoid likely causes of financial harm that often
result from the uninformed use of credit cards, a lack of budgeting, and not understanding the
consequences of mismanaging financial independence. If you are teaching high school seniors, within a few months virtually all of
your students will own at least one credit card and, according to one study, over half of those students
will max out at least one card within their first year of college. If you are teaching college students, the vast majority already have more than one card and graduate with over four cards.
Course Fact Sheets
Your Spending
Decisions
Introduction
to Banking
Borrowing for
Success
Education
Loans
Choosing a
Lender
Repaying
Loans
Avoiding
Fees
Credit and
Debt
Getting out
of Debt
Understanding
ID Theft
Don't Get
Hooked
Course Introduction
An overview of course content, learning goals, and technology.
Part 1: Financial Health for Students
An introduction to financial decision making, including budgeting, banking, and common financial
problems among students.
Part 2: Debt and Credit
A look at credit and debt among students and recent graduates, including credit cards, credit reports,
identity theft, debt warning signs, and debt reduction strategies.
Recommended Lesson Plans