Test Your Knowledge on Teaching Financial Planning Through Real-World Projects

Teaching Financial Planning Through Real-World Projects

• The Finance Project involves students helping families with their financial goals.
• The clients include a single mom with two kids who wants help with college planning, retirement, and mortgage reduction.
• The project begins with an entry event that captures the students' hearts, followed by a problem-solving process.
• A financial planner comes to talk to the students, giving life to the subject in a way that cannot be achieved through classroom discussions.
• Compound interest is a key learning objective, and students learn to manipulate the basic formula to calculate savings, mortgage costs, and more.
• Students work on their assigned family's financial situation, emailing back and forth to get more information and clarification.
• The students must switch between complex mathematical principles and conversational language in their reports for the families.
• On the day of the presentation, students review and make sure they are ready for the clients.
• The presentation is a conversation with the clients, and students present their findings in a conversational manner.
• The project helps students gain real-world work experience and learn the importance of financial planning.
• The Finance Project teaches students the importance of saving, investing, and planning for the future.
• The Finance Project is a successful way of teaching students financial planning skills in a real-world context.