Living Situation
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Living Situation:
The individualized surveys consider a student’s living situation. Survey questions accounted for household size and household composition. Financial Literacy is a difficult topic to address in a diverse setting. Money is a challenging talking point in general. There are financial attitudes and behaviors that are embedded from family, friends, and life experiences. All of these are unique to each individual student. That is why emotional intelligence is a crucial piece of the teaching process. After embarking on this lesson, I found myself backtracking in an attempt to address aspects of emotional intelligence that may provide positive learning outcomes. I encourage self-reflection, asking kids to identify and express what they think and feel and to consider the thoughts and feelings of others. The questions asked on the survey monkey need to be tweaked to obtain the most beneficial information, while also ensuring the students are comfortable with what they are asked to answer. Many studies have shown that money attitudes have a strong impact on financial literacy, in the areas of teaching, learning, and real-world application of financial literacy concepts. Empirical results show that there is a significant relationship between independent variables of education, and money attitude towards the dependent variable of financial literacy (Albeerdy and Gharleghi, 2015). Strengthening the emotional intelligence variables has been shown to increase the financial literacy fluency and retention rates among students (Albeerdy and Gharleghi, 2015). I am particularly concerned about studies completed over the last several years that show personal financial management courses/instruction indicating that those who took the courses were no more financially literate than those who had not. In addition, those who took the course did not evaluate themselves to be more savings-oriented and did not appear to have better financial behavior than those who had not taken the course. The study raises serious questions about the longer-term effectiveness of high school financial literacy courses (Mandell and Klein, 2009, p.4). I believe that a lot of this instruction is missing the key element of boosting a student’s emotional intelligence as a way to impact instruction, as well as application of knowledge now, and in the future. I am preparing to add these components prior to teaching any lessons that delve into financial attitudes and behaviors. |