By Sofia @ The Simple Dollar
Money management isn’t just for adults. Today, more educators and parents are in search of resources to help bridge the gap between math and financial literacy to ensure that students learn basic money concepts, and can easily access digital options as many students have transitioned to virtual learning.
Our mission at The Simple Dollar is to provide valuable personal finance strategies that empower our readers to make smart financial decisions. This includes helping teens learn the basics of financial management to help them develop responsible spending practices as they grow older.
At The Simple Dollar, we firmly believe that learning is fun. That’s why we have created a game to teach kids lasting money management skills through real-world experiences. It’s a lesson on the magic of mortgages! The interactive educational workbook features:
- Characters with various financial profiles for kids to choose from and go through the scenario of buying a home with a realtor.
- Math problems covering basic calculations and algebraic expressions.
- Breakdown of important financial topics, such as credit scores, down payments, interest, debt-to-income ratio, and how to budget wisely.
You get to choose which character you would like to play, based on which scenario appeals to you most. Then fill out the home buyer wish list questionnaire. The trick will be finding the home of your dreams at a price you can afford.
If you can find a home for sale that falls within your budget, and have enough money saved up to cover your down payment expenses, you win!
This interactive financial literacy and home buying guide for middle schoolers and teenagers would be great for homeschoolers. It also includes a resource list of additional financial literacy digital resources for kids and teens.
You can view it here or click on the link below:
https://www.thesimpledollar.com/mortgage/how-to-budget-for-a-home-interactive-teen-guide