- By p1fcu
- Posted on August 16, 2018
- 0 comments
P1FCU has partnered with Banzai to offer teachers free real-world financial literacy curriculum that complies with mandated state standards.
P1FCU has already helped 194 teachers educate over 15,400 students with Banzai’s fun, interactive, choose-your-own adventure software. Sign your class up today. It’s FREE!
To learn more and sign up go to: https://p1fcu.teachbanzai.com/
What are the differences between Plus, Teen, and Junior?
“Everything we needed to know we learned in kindergarten”; except for financial literacy, that is. We’re committed to teaching the basics of money management to students of all ages, which is why we’ve created three unique programs to help teachers fulfill curriculum standards and to prepare students for real life.
Each course is designed with a specific age group and level of literacy in mind. We’ve kicked archaic financial courses to the curb and created a gamified experience that speaks the right language and keeps kids, teens, and young adults totally engaged.
When life hands you lemons, become an entrepreneur! In Banzai Junior, we use a lemonade stand to teach students how to make money, save for big purchases, and even operate a business. Kids get to choose a savings goal and then use their lemonade stand to save enough money by the end of summer.
Some of the other topics covered in Junior include the following:
- IOUs (an introduction to credit)
- Earning money
- Counting currency
- Saving and spending money
- Working with others
In Teen, students play to save enough money for college registration. They’ll navigate daily decisions, like getting a job, going out to eat, and even renting an apartment to see how their choices affect their end goal.
Teen covers the following:
- Double-entry accounting
- Renting an apartment
- Buying a car
- Renter’s insurance
- Taxes and withholdings
- Daily spending and saving
- Auto insurance
Plus builds on Teen, except this time the goal is saving for a home. Not only will students have a concrete savings goal, but they get to go house hunting for the right property. Of course, navigating things like identity fraud and auto insurance along the way could make a win a little trickier.
Plus covers everything from Teen, along with the following:
- Buying a home
- Life insurance
- Credit scores
- Identity theft
- Qualifying for a mortgage
- Daily spending choices
- Retirement savings
- Tax exemptions
All of the Banzai courses are designed to teach students of all ages how to manage, save, and spend money. Check out this handy grid to see precisely which topics are covered by each course.
How Banzai Teaches Budgeting
A lot of people budget ineffectively. When people budget the traditional way, what often follows is a counterproductive mix of guilt and analysis paralysis. It’s tempting to count last month’s misfire budget as a loss and move on. We at Banzai have a different approach.
We teach budgeting with one purpose in mind: we want students to have a healthy relationship with money. When students learn how to take control of their money and stay accountable to themselves, they find more confidence and want to make better decisions.
Everything in our courses falls into three main principles:
- Know where your money is and what it’s for, so you always know what you’re spending.
- Recognize financial trade-offs, since not every financial decision is clearly good or bad.
- Plan for the future, instead of looking at how much you’ve already spent.
We teach students to think differently about money. When students have budget categories and know what their money is for, they’re more prepared to handle it responsibly. When students recognize that there are trade-offs to just about every financial choice, they’re more likely to understand the impact of their habits and life decisions. And when students have a savings goal in mind, they will save more conscientiously.