I am excited to share what I’ve learned about financial literacy in the elementary grades - and to hear from YOU! Take a moment to say hello and build your Twitter PLN! #octmchat
I wish I could join #octmchat tonight -- I look forward to going back and reading what was said, in particular to follow-up on the insights of @lindsayanngold
FL at the elem level to me means letting our youngest students gain exposure to financial content, and skills - and making connections to the real world. #octmchat
A1: When I think of FL in the early grades, I used to think identifying and counting coins. Now it is so much more! It is never too early to talk about #FinancialLiteracy! #octmchat
#octmchat Hello, I am Joanne Caniglia and I teach financial literacy at KSU to students with developmental and intellectually disabilities. I am truly looking forward to hear from others about this important topic.
I totally agree with the real world aspect. Our youngest consumers are targeted at an early age with commercials and exposure to marketing. This is where the discussion about instant gratification can be important! #octmchat
Q2: Students aren't exposed to coins and bills like they used to be. I find it important for students to handle real money and explore the different sizes, colors, and other attributes. They need to know that money doesn't always look the the picture on a handout. #octmchat
What are some things you do to support students in your classroom when learning about financial literacy? Especially when they are not exposed to these skills and concepts at home. #octmchat
A2: Sorry to be joining #octmchat late! A class activity might be to decide which is a better deal. For example, do you buy the hot lunch for $2.75 or milk for $0.50, entree for $1.00 and a bag of chips for $0.50. What are the benefits of one choice over another?
#octmchat with coins (quarters, as an example) have different appearances. The Ohio quarter and the Oklahoma quarter appearance identifies the need for use of some real money.
I love the idea of planning something like a party because the students get excited and engaged. Especially when they are able to carry out their plan! #octmchat
Completely agree on lack of exposure to coins. Kids are used to watching adults swipe a card. I’m always entertained that plastic pennies cost more than if you were to use actual pennies in your classroom! #octmchat
A3: With my youngest students, I start with concepts such as borrowing a library book or a pencil and how it is important to return the item in the shape you borrowed it. This is an introduction to loans. #octmchat
That's a great activity and can be scaffolded for many grade levels...you can even have students create a budget, which can help them make decisions. #octmchat
That is the truth! It is so important for students to handle real money. My own children don't even use lunch money at school. They simply enter their code. They don't know that they have run out of money until it's gone! #octmchat
A budget is a great idea! This is an excellent way to remind students that money is not limitless and the importance of not spending more than allotted. #octmchat
Even more confusing, is using my Apple Watch and Apple Pay to purchase items. I just move my little wrist near a card reader and BOOM! There goes the invisible money! #octmchat
#octmchat teaching children the power of using real money and the consequences of giving it up now, whereas the use of a debit card removes the right-now consequences.
In reply to
@lindsayanngold, @mikehouston33, @jcanigl1
Exactly! I stress to students the importance of keeping a log or record of the money coming in and out of the account. Many times people don't use the transaction books that come in the checkbook anymore because it is all online. #octmchat
#octmchat is taking a break for the holidays but that doesn’t mean you have to stop the conversation! Use #octmchat & #octmconnects to continue sharing throughout the break!
