Teaching materials for secondary school teachers
The Project financing: graduation trip has been produced within the framework of the Financial Skills for Life program . It is a guide for teachers, which provides 5 routes to follow with a view to developing students’ skills.
This route consists of activities in which students have to opt for the most suitable alternative; it also provides some hints on financial planning upon making decisions regarding the trip. What is the price of a trip? How do travel agencies offer their “deals”? What means of payment do travel agencies accept? How does your decision affect costs? Where and who are you travelling with? These are some of the questions to work on.
Students decided the trip destination in the previous route, assessed proposals from different agencies and chose the three best offers. Along this route, students will learn how to draw up a budget, and how to adjust it to their true economic and financial situation. How will they pay for the trip? Will they be able to pay for the trip in the number of installments proposed by the agency? How is a budget set? Is it realistic? How much do students spend per week? Can expenses be brought down? How? If you saved, would you obtain anything in return?
Students have already chosen the trip destination and the agency they will hire. They also made a budget. Now, they will focus on how to raise funds as part of their financing.
Now, students will discuss about the means of payment are the most suitable for the trip. Are all means of payment equal? What are the pros and cons of each of them? Is it necessary to be part of the financial system to use them?
This last route consists in discussing contents related to consumer education and legal issues such as advertisements and the rights of consumers, and financial users. Additionally, students will learn how to manage trip costs according to the type of contract they will sign and the financial implications upon failure to comply with the agreement. Students must solve situations in groups based on a guide of activities and assisted by a group of teachers; they will then give a presentation in class.