Basic Money Management for Adults - Remix
Abstract
This lesson focuses on developing basic money management skills for adults. The specific time focus for these skills is on multiple months to years. The intended audience is for adults ages 18 and above. The lesson will include elements of reading and writing and listening, and will focus on authentic, contextual texts, videos, facts and figures cited from real-life examples.
Learners are anticipated to be either working adults generally at or slightly above minimum wage or adults looking for a better job. Some may not have high school diplomas or may be pursuing the high-school equivalent diploma. This lesson will help learners comprehend different money management skills and help them to understand how to apply them in both short-term and long-term timeframes. These skills can be used in a personal sense.
Learner Audience / Primary Users
Adults- 18 and above.
Educational Use
- Curriculum / Instruction
- Professional Development, Other
Language
English.
Material Type
- Instructional Material
- Lesson Plans, Readings Reference, Games, Unit of Study, Images and Illustration, Other
Keywords
- Designers for Learning
- Adult Education
- Money, Budgeting, Practical Skills
- Financial Literacy
Time Required for Lesson
95 minutes.
Targeted Skills
Key skills covered in this lesson include employability, career, life, finances, money, reading, writing, discussion, and critical thinking.
Learning Objectives
By the end of this lesson, the learner should be able to:
- Identify the importance of money management for daily life.
- Distinguish the difference between “wants” and “needs.”
- Calculate weekly “wants” and “needs” percentages appropriate to their own circumstances.
- Calculate personal weekly budget expenditures.
Standards and Levels
Level: Adult Education
Grade Level: Type CCRS Grade Level E
Subject: Type CCRS English Language Arts / Literacy
Strand: Reading and Writing
Sub-strand: Reading of Informational Text, Writing of Technical subjects
Standard Description: RI 9-10.2, RI 9-10.1, W/WHST.9-10.2, W/WHST.11-12.4
CCSS Math: 6.RP.A.3, 6.RP.A.3c
Prior Knowledge
The students should have a grade 10 high school equivalent level of reading and writing skills, and basic math skills.
Required Resources
Lesson printout from OER Commons, additional video and game material for the teacher. Links to the materials and videos are embedded within the lesson plan (see Instructional Strategies and Activities).
Lesson Authors and License
Lesson Authors: Bethany Emory, Jason Myrick, Pauline Salim Muljana, and William (Bill) Euefueno.
License: Type Creative Commons License; Creative Commons CC BY 4.0 license is requested.