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Personal Finance

Building a Strong Financial Foundation: Personal Finance Essentials

Embark on an exciting personal finance journey with our comprehensive course! Dive into the world of managing finances, including savings, home loans, insurance, and more.

Engage in interactive activities, realistic simulations, and practical exercises to enhance your financial literacy and decision-making skills. Get ready to navigate real-world situations and gain the confidence to take control of your financial future. Join us today and unlock the keys to mastering personal finance!

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10 images showing different labs such as career planning, budgeting, saving, investing, insurance, tax, car loan and home loan.

Personal Finance - Labs & Activities

We use highly interactive economic ActiveLearningSheets, team-based collaborative labs, and challenges to teach personal finance concepts. These interactive activities allow students to apply what they learn in the classroom in a fun and engaging way. By working in teams and collaborating with their classmates, students develop communication and teamwork skills that are essential for success in the real world.

Here are the list of ActiveLearningSheet and ActiveLearningLabs we use to teach personal finance.

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Grade: 8-12

Learning to Earn: Career Planning

This interactive lab equips teachers with the tools to guide students in exploring careers, setting goals, and developing essential skills. Students engage in activities, self-reflection, and research to make informed decisions about their future paths.

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Grade: 7-12

Budgeting: Mastering Your Money

Students will learn the essential skills such as budgeting, expense tracking, goal setting, and making informed financial decisions using real-life scenarios and interactive activities.

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Grade: 7-12

Mastering Savings

Students will learn the concept of savings, short and long-term goals, interest, compound interest, and the effect of time in compounding, risk-based savings etc. using interactive activities.

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Grade: 7-12

The Investment Expedition

Discover the world of investing in this engaging Lab. Explore stocks, bonds, funds, risk-return and more using interactive activities and simulations to make learning more fun and practical. Teach how to analyze stocks, understand financial statements, and develop effective investment strategies.

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Grade: 7-12

Insuring Your Financial Future

Explore the fundamentals of insurance, including types of coverage, risk management, premiums, deductibles, and claims using interactive activities.

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Grade: 7-12

Demystifying Taxes

Students use interactive activities to understand taxes, deductions, financial responsibility etc.

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Grade: 7-12

Car Loan

Explore the world of car loans through interactive activities. Learn about financing options, calculating payments, and budgeting. Discover the dos and don'ts of car buying. Exciting real-life examples included. Get ready to make informed decisions.

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Grade: 7-12

Mastering Home Loans

Unlock the secrets of home loans and personal finance in this interactive course. Explore key topics, from mortgage basics to responsible borrowing, through engaging activities. Build a solid foundation for financial success!

Analyze Resume

Students will read and understand the given resume of a person and answer the review questions.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Getting Started - Work, Trade School, Or College

Students will understand the different options available after high school, and do a drag-and-drop activity to categorize pros, cons, and sample jobs to each of the options available.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Unemployment Rate - Career Planning

Students will analyze the average unemployment rate, unemployment with advanced education, and basic education data from 2000 to 2022 and then will answer review questions.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

What Are College Graduates Looking For: Data Analysis

Students will analyze two survey results. One shows the "Perception of what is characterized as first "Good Job", and another one shows the "Length of Time It Took U.S. Graduates to Find a Good Job".
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Understanding Job Posting: Data Analysis

Students will read a sample job posting given and answer the review questions.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

What Are Employers Looking For

Students will explore the essential skills that employers highly value in recent graduates, students will also rate their preparedness for each of the given skills.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Jobs Vs. Salary: Data Analysis

Students will analyze tabular and graphical data showing the median salary of different occupations. Students will also answer some review questions based on the data.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Fastest Growing Jobs In Usa: Career Planning

Students will read and understand the growth rate (from 2021-2031) and the median salary (as of 2021) of the 12 fastest-growing jobs in the USA and then will do a drag-and-drop sorting of the jobs.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Career Planning: Most New Jobs - Data Analysis

Students will analyze tabular and graphical data about the careers with the most opportunities in the future (2021-2031) and their median pay. Then they will write about their career aspirations.
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Classifying To Career Clusters - Drag And Drop

A drag and drop activity to classify different careers into the given set of clusters
  • Career Planning
  • 7,8,9,10  Auto-Scored   

Community Kitchen - Weekly Budget

Students will calculate the total cost of all ingredients needed for one Christmas meal  They will then find out the total number of meals that can be prepared in a community kitchen for Christmas Day with a budget of $5000.
  • Fractions,Ratios & Proportions,Budgeting
  • 6,7,8,9,10  Auto-Scored   

Budgeting For Discretionary & Non-discretionary Expenses

Students will design a monthly budget by allocating the given salary for different discretionary expenses but still trying to save at least 10% of their salary for the future.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Analyzing John's Budget

Students will read and understand the budget of a hypothetical person, Mr. John, categorize each expense into different categories, analyze the expense chart and answer some review questions.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Budgeting - Classify Expenses

Students will sharpen their budgeting and categorization skills by sorting given expenses into predefined budget categories through a user-friendly drag-and-drop interface.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Create Your Semester Budget: Digital Worksheet

This is a digital budgeting worksheet that students can use to set their short and long-term goals, list incomes and expenses, categorize each expense, and reserve money to achieve goals.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Americans Average Monthly Expenses

Students will read a graph showing the average monthly expenses of Americans and answer the review questions. Students will also adjust the budget to cover an unforeseen incident.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Comparison Shopping

Students will understand the importance of comparison shopping and then will find three different websites from where they can purchase a laptop, smartphone, and headset of the model they like. They will compare each website in terms of price, star rating, and warranty offered.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Analyzing Inflation Data

Students will analyze the line graph showing the percentage change in prices of ten products from 1997 to 2022 and then answer some review questions.
  • Budgeting
  • 7,8,9,10  Auto-Scored   

Home Loan Simulation

Students will be given a profile with total savings, monthly salary, etc. and then they have to choose the down payment, points to purchase, and the loan duration to purchase a house.
  • Budgeting,Home Loan
  • 7,8,9,10  Auto-Scored   

Bake And Share: A Budget-friendly Christmas Cake

The activity revolves around the concept of baking a Christmas cake on a tight budget compared to the cost of purchasing one from a store. Students will be guided through ingredient conversions, cost calculations, and the joy of creating a homemade treat.
  • Fractions,Ratios & Proportions,Budgeting
  • 6,7,8,9,10  Auto-Scored   

Budgeting For Thanksgiving Feast

Students will calculate the total cost of all ingredients needed for one Thanksgiving meal and then find out the total number of meals that can be prepared in the community kitchen for Thanksgiving Day using the initial $1000 given to them.
  • Numbers & Operations,Fractions,Ratios & Proportions,Budgeting
  • 5,6,7,8  Auto-Scored   

Simple Interest: Saving For Your Dream House

Students will use the simple interest formula and its variations to find the interest, principal to be deposited, and the interest rate they should be looking for to get $100,000 after 10 years for their dream house.
  • Numbers & Operations,Fractions,Ratios & Proportions,Saving,Investment
  • 6,7,8,9,10  Auto-Scored   

Savings: Taking Inflation Into Account

Students will understand that if they don't invest their money, the value of money will reduce over time due to inflation.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

How Banks Pay Interest On Your Savings?

Students are frequently puzzled by how banks manage to pay interest on the money they hold in deposits and, at the same time, generate profits. Through this worksheet, students will find that banks make profit by lending money as loans.
  • Saving
  • 7,8,9,10  Auto-Scored   

Risk-reward Analysis In Investment

Students will choose any of the 5 investment schemes from a drop-down, find out the possible returns after 30 years, and the possible risk of losing all money by the end of 30 years.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

 Start Saving Early

Students will explore the total interest that can be earned by launching saving endeavors at different ages with a goal of retiring at the age of 65.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Recurring Monthly Deposits - Compounding Effect

Students will use an Interactive Worksheet to realize the effect of savings account duration on compound interest earned. They will explore how an extra small contribution can lead to a bigger interest due to compounding.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Simple Vs. Compound Interest: Power Of Compounding

The main goal of this worksheet is to help students understand the impact of compounding. Through a graphical method, they will learn the difference between simple and compound interest. Furthermore, as the investment duration increases, they will grasp the effect of compounding.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Simple Interest: Saving For Your Dream House

Students will use the simple interest formula and its variations to find the interest, principal to be deposited, and the interest rate they should be looking for to get $100,000 after 10 years for their dream house.
  • Numbers & Operations,Fractions,Ratios & Proportions,Saving,Investment
  • 6,7,8,9,10  Auto-Scored   

Savings: Taking Inflation Into Account

Students will understand that if they don't invest their money, the value of money will reduce over time due to inflation.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Analyzing Microsoft, Tesla And Apache Stock

Students will analyze the change in share prices of three stocks - Microsoft, Tesla, and Apache Corporation - over a 10-year period. They will understand that not every stock will give positive returns and the importance of timing in the market.
  • Investment
  • 7,8,9,10  Auto-Scored   

Risk-reward Analysis In Investment

Students will choose any of the 5 investment schemes from a drop-down, find out the possible returns after 30 years, and the possible risk of losing all money by the end of 30 years.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Invest For The Long Term - Risk Management

Students will analyze the share prices of a company called Chipotle Mexican Grill over a period of eight years, and through prompt questions, they will understand the benefit of investing for the long term.
  • Investment
  • 7,8,9,10  Auto-Scored   

 Start Saving Early

Students will explore the total interest that can be earned by launching saving endeavors at different ages with a goal of retiring at the age of 65.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Recurring Monthly Deposits - Compounding Effect

Students will use an Interactive Worksheet to realize the effect of savings account duration on compound interest earned. They will explore how an extra small contribution can lead to a bigger interest due to compounding.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

How Shares Work And How Events Affect Share Prices

Students will witness that the share price of a company, and to the market in general, can be influenced considerably by various series of events.
  • Investment
  • 7,8,9,10  Auto-Scored   

Investment Simulation: Diversifying For Profit

Students will run a simulation in which they need to spread the initial money of $10,000 across the shares of three companies that have varying risks and returns. The simulation will run for 50 years, showing the share price each year. The target is to make a profit of $20,000 at the end of the simulation.
  • Investment
  • 7,8,9,10  Auto-Scored   

Stock Market Simulation

Students will participate in a simulated stock market, where they can actively buy and sell shares of an electric car company over a span of 360 days. Students will encounter various market events that influence share prices, presenting them with opportunities and challenges
  • Investment
  • 7,8,9,10  Auto-Scored   

Sample Investment Opportunity

Students will analyze the share prices of Lowe's over the last 23 years, understand the trend and patterns in the share price, and through review questions, they will realize the benefit of investing early.
  • Investment
  • 7,8,9,10  Auto-Scored   

Savings Vs Investment: Understanding The Difference

Students will invest the same amount of money in one savings scheme and two investment schemes and understand how they perform for different durations.
  • Investment
  • 7,8,9,10  Auto-Scored   

Simple Vs. Compound Interest: Power Of Compounding

The main goal of this worksheet is to help students understand the impact of compounding. Through a graphical method, they will learn the difference between simple and compound interest. Furthermore, as the investment duration increases, they will grasp the effect of compounding.
  • Saving,Investment
  • 7,8,9,10  Auto-Scored   

Create Your Mutual Fund - Simulation

Students will pick 3 stocks from a list of 10 by looking at their historical performance graph to create a mutual fund. The simulation will run for another 10 years and show how their fund is performing.
  • Investment
  • 7,8,9,10  Auto-Scored   

Analyzing Homeowners Insurance

Students will read and understand a sample homeowner's insurance, understand the coverage details, premium, deductible etc.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Choosing Your Car Insurance

Students will pick any one of the four car insurance plans, see the coverage details and the premium to be paid. Then they will a series of events happening to their car over four years and find out how the insurance policy they selected is helping.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Hospital Expenses - The Need For Health Insurance

Students will read and analyze the hospital expenses for different treatments and for the hospital stays in different states for an uninsured individual. Students will answer review questions and understand the importance of health insurance.
  • Insurance
  • 7,8,9,10  Auto-Scored   

With And Without Insurance - The Need For Home Insurance

Students will evaluate 10 events happening across 10 years of two Interactive Worksheets - One with insurance and one without insurance. The activity helps students  understand the benefits of insuring in the event of an unanticipated occurrence.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Health Insurance: Comparing Plans

Students will compare and contrast two health insurance plans, they will analyze the deductibles, coinsurance, copay etc., and then will answer review questions.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Insurance Pooling: How Insurance Companies Make Profit

Students will understand the concept of insurance pooling and will calculate the total profit of a fictitious auto insurance company in an year.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Renters Insurance: Analyzing Sample Policy

Students will read and understand a sample renters insurance policy, add add-ons using interactive controls, and finally answer review questions.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Auto Insurance: Analyzing The Declaration Page

Students will read and understand the declaration page of auto insurance. They will understand key components like premiums, deductibles, coverage, etc. The review questions will make sure that students understand the need for auto insurance.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Insurance: Categorize Risks

In this activity, students will categorize different unforeseen events that can happen to their House, Car, Health, and Travel, along with typical expenses.
  • Insurance
  • 7,8,9,10  Auto-Scored   

Taxes: Government Spending Analysis

Students will classify (drag and drop) different government expenses into six categories given. Students will understand that the government spends trillions of dollars in different sectors, and the money required for this is coming from taxation.
  • Taxes
  • 7,8,9,10  Auto-Scored   

Taxes: W-2 Form Analysis

Students will read and understand what a W-2 form is and a sample W-2 form and then answer some review questions.
  • Taxes
  • 7,8,9,10  Auto-Scored   

Familiarizing Progressive Tax

Students will engage in real-world financial calculations as they determine the federal income tax owed by four individuals, each with varying income levels. The exercise explores the progressive tax structure and its implications on tax liability.
  • Taxes
  • 7,8,9,10  Auto-Scored   

Taxes: Paystub Analysis

Students will read and discern sections of a given paystub of an employee, learn about the various taxes paid, and answer review questions to reinforce their understanding of where the money goes.
  • Taxes
  • 7,8,9,10  Auto-Scored   

Standard Deduction: Tax Calculation

Students will look up the progressive tax brackets table, and standard deduction table to calculate the taxes to be paid by four individuals with different income and filing status.
  • Fractions,Ratios & Proportions,Taxes
  • 7,8,9,10  Auto-Scored   

Car Loan - Effect Of Loan Duration

Students will record the monthly payments and total interest to be paid for different given loan durations using loan duration slider.
  • Car Loan,Home Loan,Credits
  • 7,8,9,10  Auto-Scored   

Driving Home: Car Loan Simulation

Students will pick a car of their choice from the given list, then adjust the down payment and loan duration, and observe how these adjustments affect both the total interest paid and the monthly payment.
  • Car Loan
  • 7,8,9,10  Auto-Scored   

Monthly Loan Payment Calculation

Students will calculate the monthly loan payment amount for different principals, interest rates, and durations using the given formula.
  • Algebra,Numbers & Operations,Expressions & Equations,Car Loan,Home Loan
  • 7,8,9,10  Auto-Scored   

Amortization Schedule Of A Car Loan

Students will read and understand the amortization schedule of a car loan (tabular and graphical format), change the loan duration to see how it affects the amortization table, and finally answer some review questions.
  • Car Loan
  • 7,8,9,10  Auto-Scored   

Leasing Vs Buying A Car With Loan

In this worksheet, students will read the lease details of the Toyota Camry 2023 and answer review questions based on the lease details. Then students will consider the option of buying a new Camry but with a loan and compare and contrast to see which is better.
  • Car Loan
  • 7,8,9,10  Auto-Scored   

Car Loan - Effect Of Loan Duration

Students will record the monthly payments and total interest to be paid for different given loan durations using loan duration slider.
  • Car Loan,Home Loan,Credits
  • 7,8,9,10  Auto-Scored   

Home Loan - Principal Only Payment

Students will learn that adding a small extra payment to their monthly mortgage payment will reduce the interest and loan duration to a large extent.
  • Home Loan
  • 8,9,10  Auto-Scored   

Understanding Mortgage Loan Parameters

Students will understand how different parameters like principal, APR, loan duration, and points are related. And then choose the optimal parameter for a given situation.
  • Home Loan
  • 7,8,9,10  Auto-Scored   

Data Analysis - Average Cost Of Houses

Students will analyze two data tables related to home values in different states and change in values across years, they will answer review questions and understand the importance of housing cost in personal finance.
  • Statistics,Home Loan
  • 7,8,9,10  Auto-Scored   

Amortization Graph Analysis

Students will adjust the interest rate slider and loan duration slider to see how the amortization graph changes. They will understand that, in the initial months, a huge portion of their monthly payment goes to interest.
  • Home Loan
  • 7,8,9,10  Auto-Scored   

Renting Vs. Owning A House

Students will compare the overall cost of renting vs. owning a house for different durations of stay. They will answer prompt questions to understand which is better in the given context.
  • Home Loan
  • 7,8,9,10  Auto-Scored   

Monthly Loan Payment Calculation

Students will calculate the monthly loan payment amount for different principals, interest rates, and durations using the given formula.
  • Algebra,Numbers & Operations,Expressions & Equations,Car Loan,Home Loan
  • 7,8,9,10  Auto-Scored   

Home Loan Simulation

Students will be given a profile with total savings, monthly salary, etc. and then they have to choose the down payment, points to purchase, and the loan duration to purchase a house.
  • Budgeting,Home Loan
  • 7,8,9,10  Auto-Scored   

Amortization Schedule-mortgage Loan

Students will analyze the amortization schedule of a mortgage loan for different loan durations and answer review questions.
  • Home Loan
  • 7,8,9,10  Auto-Scored