Thirteen Ed Online
Lesson Plans
It's Your Future!

Overview Procedures for Teachers Organizers

This lesson plan tackles major personal finance issues in young people's futures: career choice, home buying, and budgeting. The lesson plan will teach high school students how education and skills impact career choice. It will also help students learn the basics of budgeting for big expenses, like mortgage payments. Students will learn about interest and loans, and how those personal finance tools can help them afford larger purchases like homes, while still managing their finances responsibly.

Grade Level:
Grades 7-12

Time Allotment:
3 classes at 45 minutes per class

Subject Matter:
Math, Finance, Economics

Learning Objectives

Students will:
  • Learn how education can impact career choice
  • Learn personal financial management
  • Comprehend mortgage structures
  • Learn about loans and interest rates
  • Understand the opportunity costs of financial decisions
  • Know the difference between savings and debt, and how they are both created
  • Learn how to budget
  • Understand a cost-benefit analysis
  • Have sufficient knowledge for personal financial decisions

1. National Council of Teachers of Mathematics Principles and Standards for School Mathematics

Number and Operations
  • Understand numbers, ways of representing numbers, relationships among numbers, and number systems;
  • Understand meanings of operations and how they relate to one another;
  • Compute fluently and make reasonable estimates.
Problem Solving
  • Build new mathematical knowledge through problem solving;
  • Solve problems that arise in mathematics and in other contexts;
  • Apply and adapt a variety of appropriate strategies to solve problems;
  • Monitor and reflect on the process of mathematical problem solving.
  • Recognize and use connections among mathematical ideas;
  • Understand how mathematical ideas interconnect and build on one another to produce a coherent whole;
  • Recognize and apply mathematics in contexts outside of mathematics.
  • Create and use representations to organize, record, and communicate mathematical ideas;
  • Select, apply, and translate among mathematical representations to solve problems;
  • Use representations to model and interpret physical, social, and mathematical phenomena.
2. JumpStart Coalition for Personal Financial Literacy

Financial Responsibility and Decision Making
Overall Competency

  • Apply reliable information and systematic decision making to personal financial decisions.
Income and Careers
Overall Competency
  • Use a career plan to develop personal income potential.
Planning and Money Management
Overall Competency
  • Organize personal finances and use a budget to manage cash flow.
3. Mid-continent Research for Education and Learning (McREL) Benchmarks for Economics


1. Understands that scarcity of productive resources requires choices that generate opportunity costs.

3. Understands the concept of prices and the interaction of supply and demand in a market economy.

7. Understands savings, investment, and interest rates.

This lesson was prepared with the support of Citi Foundation.

Written by: Melissa Donohue