Resources aligned with the “Risk Management and Insurance” standard from the National Standards in K-12 Personal Finance Education.
Overall Competency: Apply appropriate and cost-effective risk management strategies.
Introduction to Life Insurance for Kids and Teens This video explains the concept of life insurance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about life insurance, or used as a money & personal finance resource by parents and teachers as part of a …
Introduction to Emergency Fund for Kids and Teens This video explains the concept of Emergency Fund in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about creating an Emergency Fund, or used as a money & personal finance resource by parents and teachers as part …
Introduction to Auto Insurance for Kids and Teens This video explains the concept of auto insurance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about car insurance, or used as a money & personal finance resource by parents and teachers as part of a …
We have talked about what identity theft is, and why it is bad. But what should I do if I am a victim of ID theft? As soon as you find out that you are a victim of identity theft, you need to take a few immediate steps. First, call the fraud department of …
Recently, I read about identity theft. But what exactly is identity theft? Identity theft or ID theft is when someone steals your personal or financial information and uses it to commit fraud, in your name. What kind or fraud? Why is identity theft so bad? ID theft can have a huge financial impact, since …
Part 1: What is Insurance, How Does Insurance Work, How to File a Claim Part 2: Why is Insurance Important, Key Insurance Terms, Types of Insurance, How to Choose the Right Insurance Introduction to Insurance for Kids’ Financial Literacy This video explains the concept of insurance in a simple, concise way for kids and beginners. …
What is a safe deposit box? A safe deposit box is a container—normally a metal box—that you rent from a bank or a credit union to store important documents and valuables. It is kept in the bank’s vault, and is also known as safety deposit box. Why is a safe deposit box needed? Even …
I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …
What Is an Overdraft? An overdraft occurs when you try to withdraw more money than what you have in your account, making your account balance negative. What happens in this case? Am I allowed to withdraw the money? Normally, the bank or credit union would refuse the withdrawal or return the check because of …
Introduction to Finance for Kids and Teens This video explains the concept of finance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about the world of personal finance, or used as a money & personal finance resource by parents and teachers as part of …