To help your students prepare for tough financial choices in adulthood, dig deeper into the psychology of spending money on big purchases with the latest episode of "Financially Inclined." Tune in for an actionable method to helps shoppers decide whether or not to make a big purchase.

When people make impulse purchases, it’s usually something small—a little treat that feels harmless and barely makes a dent in the wallet. But when those spur-of-the-moment buys turn into bigger, pricier items, the impact on your bank account can be much more significant. That's why Mykail James, author of Money in Your Twenties: The Financial Workbook for the Young, Rich & Responsible created the BANK method for thinking through large purchases.

Use This Resource in Your Classroom:

1) Access these teacher presentation slides that pair with Season 3, Episode 4
2) Print copies of the student listening guide for your students or share the file digitally
3) Play the YouTube video from a big screen for the whole class, or give students the choice to watch or listen at their own devices (earplugs needed)
4) Use questions from the listening guide to facilitate a classroom conversation about how students can apply the tips from the episode to their own lives.

This episode pairs nicely with content from NGPF’s Consumer Skills unit, helping your students rethink how they spend their money.

Catch all episodes of "Financially Inclined" on YouTube or your favorite podcast platform!

About the Author

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!