These online courses from the Federal Reserve of St. Louis offer an introduction to financial concepts including why banks are a safe place to save money, how to make informed decisions, and the benefits and dangers of using credit to make purchases.
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Financial Institutions
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Young children are not likely to think past their piggy banks when it comes to safe places to set money aside for those special items. In this short course, they'll learn that a bank account offers security and a return on savings.
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Using Credit
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Using some form of credit is a necessity for most adults. Unfortunately, some misuse credit, and the consequences can be devastating. The earlier young people learn about credit, the more likely they are to use it responsibly
as adults. Read and listen to this story to learn what credit is, why people use credit, and how interest can affect the final cost of a good or service when bought on credit.
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Making Choices
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How do you make tough decisions? Do you take a guess at the correct solution? Do you ask someone else to make the decision for you? Do you simply use "eeny, meeny, miney, mo?" Read and listen to this story about Ella,
who has decisions to make, and learn about the tool that helps Ella solve her problems.
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Budgeting 101: Econ Lowdown
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This interactive online course from the Federal Reserve of St. Louis teaches students about the value of budgeting and saving through hands-on learning. Students must create budgets for a fictional college sophomore and a recent
college graduate. The lesson also provides a budgeting tool for students to make their own budget.
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Credit Cred: Econ Lowdown
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This interactive online course from the Federal Reserve of St. Louis teaches students about credit and the costs associated with using credit. Students learn about borrowing wisely, paying promptly, making major purchases, and credit reports and scores.
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Econ Lowdown: It’s Your Paycheck
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This interactive online course from the Federal Reserve of St. Louis teaches students about understanding online banking as well as how to balance a digital checkbook.
