Creating and Utilizing a Personal Finance Curriculum for Elementary Aged Homeschoolers

Abstract

This paper will discuss the creation of a personal finance curriculum for elementary aged homeschool students. The curriculum created should be from a perspective that teaches students financial literacy in the context of everyday life. In the paper, the curriculum will be divided up into multiple phases that the homeschooling parent/educator must address. These phases are: How the student will generate income, how the student will pay expenses out of that income, and how the student will save and invest portions of their leftover net income. These phases will be discussed in depth and websites and literature that homeschool parents can utilize will be proposed as well. The goal of this paper is to combine the three phases to create a curriculum that a) teaches children a vocation they can practice for life, b) accustom them to paying taxes and other expenses, and c) introduce them to the long-term benefits of saving a percentage of their net income.