Financial literacy is one of the most important skills you can give your high schoolers as they prepare to be young adults. A helpful video from Bank of America guides teenagers through the steps for setting up a budget, as well as banking tips and methods to keeping track of their spending.

Concepts

mortgages, expenses, budgeting, personal finance, financial literacy, banking, saving money

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Additional Tags

math

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Instructional Ideas

• Use in an economics class when covering personal finance
• Host a budgeting or banking seminar for teenagers who are preparing for financial independence
• Encourage learners to watch the video at home, take note of important details, and then discuss what they have learned the next day in class

Classroom Considerations

• Animation moves a little quickly, so be prepared to pause the video when needed
• The extension link is only on screen for a few seconds at the end before the next video begins, so pause just before it ends

• This video is hosted on YouTube

Pros

• Helps to prioritize spending between necessary expenses and things one like to have
• Budgeting steps are clear and easy to follow
• Provides a link to the publisher's website for additional resources

Cons

• None