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Goal

This grant aims to equip students in grades 6-8 with essential personal finance and entrepreneurship skills by purchasing the Cashflow game for classroom use. The game will serve as a hands-on learning tool to help students grasp key financial concepts, including the difference between assets and liabilities, the importance of managing expenses, and the significance of generating passive income. By navigating real-world financial scenarios within the game, students will develop a practical understanding of cash flow management.

Aligned with Florida's Entrepreneurship standards, as well as Math and ELA standards for grades 6-8, this initiative will empower students to build financial literacy and critical thinking skills. The curriculum integration will ensure that students not only learn to make informed financial decisions but also recognize the broader implications of financial justice. As they learn how to accumulate wealth responsibly, they will be better equipped to contribute to their communities and achieve economic empowerment.

ACADEMIC STANDARDS:
Florida Entrepreneurship Standards (Grades 6-8):
ENT.7.M.2.3 - Understand the importance of financial literacy, including budgeting, saving, and the role of credit in personal finance.
ENT.7.C.3.1 - Explain the concept of risk and reward in entrepreneurship.
ENT.7.F.1.1 - Identify and describe different types of business ownership and their financial implications.
ENT.8.E.1.4 - Evaluate financial statements and understand the difference between assets and liabilities.

Math Standards (Grades 6-8):
MA.6.NSO.2.1 - Understand and apply the concepts of ratios and proportions to solve real-world and mathematical problems.
MA.7.NSO.3.2 - Solve problems involving percent increase, percent decrease, discounts, interest rates, and taxes.
MA.7.NSO.1.4 - Apply the understanding of positive and negative integers to represent financial concepts, such as debt and income.

ELA Standards (Grades 6-8):
ELA.6.R.2.3 - Analyze how a key individual, event, or idea is introduced, illustrated, and elaborated in a text, which can apply to financial literacy narratives.
ELA.7.R.3.1 - Understand and analyze the structure of texts and how authors present key ideas or evidence, relevant for understanding financial documents or case studies.
ELA.8.W.3.7 - Conduct short research projects to answer a question (including a self-generated question), drawing on several sources, which could relate to exploring financial topics.
ELA.7.R.2.2 - Determine the central ideas or themes of a text and analyze their development over the course of the text, which can be applied to financial case studies or articles on entrepreneurship. 

 

Category

Class Furniture - Carpets, choral risers, transitional seating/desks, etc. 

 

What will be done with my students

1. Engage in Interactive Learning with the Cashflow Game:
Gameplay Sessions: Students will participate in regular gameplay sessions where they will navigate various financial scenarios. Through these sessions, they will learn to manage income, expenses, assets, and liabilities.
Decision-Making: Students will make decisions in the game related to investments, managing debt, and generating passive income, helping them understand the long-term impact of financial choices.

2. Apply Math Skills to Real-World Scenarios:
Budgeting and Calculation: Students will use mathematical concepts such as ratios, percentages, and linear equations to calculate budgets, expenses, and returns on investments, directly applying classroom math skills to financial situations.
Financial Analysis: They will analyze financial statements within the game, learning to distinguish between assets and liabilities and understanding the implications of their financial decisions.

3. Develop Critical Thinking and Problem-Solving Skills:
Scenario Analysis: Students will assess various financial scenarios, considering factors like risk and reward, and make informed decisions to improve their financial standing in the game.
Strategy Building: They will create and adapt financial strategies to achieve the game’s objectives, which will encourage them to think critically about resource management and long-term planning.

4. Connect Learning to Entrepreneurship and Personal Finance Concepts:
Project-Based Learning: Students will undertake projects where they research real-life examples of entrepreneurship and finance, linking what they learn in the game to actual business practices.
Class Discussions and Reflections: After gameplay, students will participate in discussions and write reflections on what they learned, connecting the game experience to broader financial literacy and entrepreneurship concepts.

5. Integrate ELA Skills Through Research and Presentation:
Research Assignments: Students will conduct research on key financial terms, historical figures in finance, or successful entrepreneurs, enhancing their understanding and reinforcing ELA standards.
Presentation of Financial Plans: They will present their financial plans and strategies developed during the game, improving their communication and presentation skills, and demonstrating their understanding of personal finance concepts. 

 

Benefits to my students

By participating in this program, students will gain valuable financial literacy skills, including the ability to distinguish between assets and liabilities and manage their cash flow effectively. They will develop critical thinking and problem-solving abilities as they navigate real-world financial scenarios within the *Cashflow* game. Additionally, students will enhance their understanding of key math and entrepreneurship concepts, better preparing them for future financial independence and success. This hands-on learning approach will also strengthen their research, communication, and strategic planning skills. 

 

Budget Narrative

Budget Narrative:
1. Cashflow Game Board (6 units @ $68 each): $408.00
The Cashflow game board is a key component of this financial literacy program, providing students with hands-on experience in managing money, understanding assets and liabilities, and making strategic financial decisions. A total of six game boards are requested to facilitate small group learning, allowing for active participation and engagement among all students.

2. Escape from the Rat Race: How To Become A Rich Kid By Following Rich Dad's Advice (33 units @ $12.00 each): $396.00
This book will be used as a supplementary resource to reinforce the concepts introduced in the Cashflow game. It offers an accessible and engaging way for students to learn about financial independence and entrepreneurship. Each student will receive a copy, ensuring they have a personal resource to support their learning both in and out of the classroom.

3. Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School! (33 units @ $15.00 each): $495.00
This book is specifically designed for teens and provides valuable insights into personal finance, drawn from the principles taught in the Rich Dad Poor Dad series. The book will complement the lessons learned in the Cashflow game, helping students connect these concepts to real-life financial decisions. Each student will receive a copy to encourage independent study and deeper understanding.

Total Budget Requested: $1,299.00

This budget will allow us to fully implement the financial literacy program, equipping students with the resources they need to build critical financial skills that will benefit them throughout their lives. 

 

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