Post on 12-Apr-2017
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https://learn.extension.org/events/2971
This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, and the Office of Family Readiness Policy, U.S. Department of Defense under Award Numbers 2014-48770-22587 and 2015-48770-24368.
50 Interactive Personal Finance Learning Activities
Connecting military family service providers and Cooperative Extension professionals to research
and to each other through engaging online learning opportunities
www.extension.org/militaryfamilies
MFLN Intro
2 Sign up for webinar email notifications at www.extension.org/62831
Barbara O’Neill, Ph.D., CFP®, AFC , CHC
• Extension Specialist and Distinguished Professor at Rutgers University
• Currently on sabbatical and completed a thorough (two-month) review and curation of financial education resources
• Creator of five different savings challenges that encourage people to save
• Research Interests: Health and wealth relationships, financial practices of U.S. consumers, and impact of Extension financial education programs
Today’s Presenter
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Webinar Objectives
• Share the results of an extensive two-month review and curation of financial education resources
• Describe 50 interactive personal finance learning activities
• Provide opportunities for participants to share effective learning activities 4
This Webinar is Like a New Jersey Diner Menu: You Need
to Pick and Choose!
5 Photo taken by Barbara O’Neill
Question #1
What is your favorite personal finance learning activity?
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Resource Links • Curated List of Videos:
https://www.slideshare.net/BarbaraONeill/resource-list-personal-finance-videos
• Curated List of Learning Activities (Quizzes, Calculators,
Lesson Plans, and Infographics): https://www.slideshare.net/BarbaraONeill/learning-activities-for-financial-education-programs
• Curated list of Next Gen Personal Finance (NGPF)
Resources: https://www.slideshare.net/BarbaraONeill/resource-listnext-gen-pf-financial-education-resources
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Sabbatical Project Background
Question #2
How do you begin a class or briefing? Stories? Questions? “Ice Breaker” activities?
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1. What Do You Already Know? Personal Finance Topic___________________
• What experience have you had personally with the topic?
• Where have you heard or read about the topic?
• What television shows or movies or advertisements describe the topic?
• What questions do you have about the topic?
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2. Financial Coat of Arms
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3. Financial Education Bingo
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4. PowerPoint Games Jeopardy! Millionaire Game
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Question #3
What learning activities can leverage learners’ creativity and existing skill sets?
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5. Making a Video • Movie Maker Instructions:
https://www.slideshare.net/BarbaraONeill/imsavingfor-video-contest-video-making-instructions1216
• Sample Video: https://www.youtube.com/watch?v=y8UB14rlKJU
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#ImSavingFor Video Archive: More Sample Videos
https://www.youtube.com/playlist?list=PLBGUy38N_Pt1fAO1VG8Hdk94MfICzfw5z
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6. Acrostics
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7. Poems
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8. Financial Topic Songs: Existing Video Examples
• You Ain’t Saved Nothing Yet: http://nextgenpersonalfinance.org/you-aint-saved-nothin-yet-a-credit-card-classic-rock-parody/
• The Credit Card Song: https://www.youtube.com/watch?v=2JwdIWjVHaU
• Credit Card Rap: https://www.youtube.com/watch?v=U_5hOH4Xv7Q
• S-A-V-E (Sammy Rabbit): https://www.youtube.com/watch?v=ZYysHjU0Q1M
• Get in the Habit (Sammy Rabbit): https://www.youtube.com/watch?v=jQHoJcSnwxg
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8. Financial Topic Songs: Learner-Created Examples
• FDIC Song: https://www.youtube.com/watch?v=mdwwpnNQKaM
• Stock Trading Song: https://www.youtube.com/watch?v=M16a_ESuP5I
• Money Management Rap: https://www.youtube.com/watch?v=Glk5zXCOzmY&list=PLGBlHCfparDf0zdJ9JNQHMpSEJstcDP3k
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Money Music Debrief
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9. “Paper Bag Theater” • Give small groups a bag full of “stuff” to make a 2-3
minute financial education skit with
– Pens/sharpies to write with, paper, scissors, tape, etc.
– A Frisbee can become a “car steering wheel”
– Credit card applications, newspaper ads, etc.
• Learners can add other items in their possession
• Allow 30-45 minutes of skit “prep time”
• Learners present their skits to the large group 22
10. Paint a Financial Education Message for Social Media, etc.
• Create a PowerPoint slide with text and/or photos • Take a screen shot of slide (Fn Print Screen)
– You can also take a screen shot of your own videos or web site pages
• Open up Paint (Windows Accessories-Paint) • Paste screen shot of PowerPoint slide or video • Name the file and save it • Open up file and crop as needed • Save it again
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11. Puzzlemaker
http://www.puzzle-maker.com/ • Can make a word search puzzle or crossword puzzle • Basic features are free
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12. Ignite Presentations (a.k.a., “Lightening Rounds”)
• 20 slides, 15 second advances, 5-minute talks • Template master: http://www.ignitephoenix.com/tips/
• Related types of presentations:
– Petcha Kucha: 20 x 20 (20 images for 20 seconds each) – TED Talks at local TEDx events: https://www.ted.com/talks
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Question #4
What learning activities can develop learners’ critical thinking skills?
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13. Polarity Activity
• There is no “wrong” answer as long as you can defend it (“it depends”)
Examples:
• Need vs. Want?
• Yes vs. No?
• Agree vs. Disagree?
• Buy it vs. Don’t buy it?
• Big tax refund vs. Small tax refund?
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14. Venn Diagram Activity
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15. Financial Case Studies • 20 downloadable case studies:
http://rci.rutgers.edu/~boneill/assignments/case-study.html
• Make case study analysis presentations fun: – Animated videos:
https://www.youtube.com/watch?v=AJqE07zBvb8 – https://www.youtube.com/watch?v=8FV6KkXJT6w – Recorded videos – Ignite presentations – Role plays – Poems – Other
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16. Rule of Three Comparison
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17. Personal Finance in the News
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18. Reality Simulation: The Bean Game
http://extension.missouri.edu/BSF/money/BeanGame_color.pdf
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19. Reality Simulation: Welcome to Retirement
https://store.extension.iastate.edu/Product/sp243-pdf
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20. Make a Table From a Calculator • http://rci.rutgers.edu/~boneill/assignments/sliderule1.html • http://rci.rutgers.edu/~boneill/assignments/sliderule2.html
34 Dozens of online calculators are in the resource list
21. Your Time, Your Money Activity
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http://njaes.rutgers.edu/sshw/workbook/12_Convert_Consumption_Into_Labor.pdf
22. Time Value of Money Problems • https://www.slideshare.net/milfamln/the-time-value-of-money-
71613988 (Slides)
• http://create.extension.org/sites/default/files/KeystokesandAnswers.pdf (Keystrokes and Answers to Problems)
• http://create.extension.org/sites/default/files/TimeValueofMoneyLearningActivities.pdf (Time Value of Money Activities)
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23. Video and Documentary Film Debriefings
• There are HUNDREDS of curated videos to choose from on the video list
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Documentary Films • Broken Eggs: http://brokeneggsfilm.com/ • Can You Afford to Retire?
http://www.pbs.org/wgbh/frontline/film/retirement/ • When I’m 65: http://www.wi65.org/video/ • In Debt We Trust:
https://www.youtube.com/watch?v=Cltc4Og6HKo • Spent: Looking For Change (Debt):
https://www.youtube.com/watch?v=Cltc4Og6HKo • Broke, Busted, & Disgusted (Student Loans):
http://www.brokebusteddisgusted.com/the-film 38
More Documentary Films • Freakonomics: The Movie:
https://www.dailymotion.com/video/x30lggo
• Wage Crisis: http://topdocumentaryfilms.com/wage-crisis/
• Paycheck to Paycheck: http://www.hbo.com/documentaries/paycheck-to-paycheck-the-life-and-times-of-katrina-gilbert
• I.O.U.S.A- https://www.youtube.com/watch?v=dd0ofRX1LZ0
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24. Data Crunches http://nextgenpersonalfinance.org/data-crunch/
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25. Infographic Insights Dozens of infographics are on the resource list
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Source: Bankrate.com: http://www.bankrate.com/finance/insurance/auto-insurance-infographic.aspx
26. Step Up and Step Down Brainstorm ways to do more positive behaviors and fewer negative behaviors
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Source: Dr. Alena Johnson, Utah State University
27. Winners and Losers
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Source: http://njaes.rutgers.edu/money/pdfs/DoE-Lesson-Plan-4-Planning-Saving-Investing.pdf
28. Backwards & Post-It® Planning • Draw a timeline (or other visual method) from the start to finish
of planning horizon for a financial goal • Use sticky notes to put required steps along timeline http://fyi.uwex.edu/ncrvd/files/2015/04/Program-Planning-and-Reflection-Activities-11.12.13.pdf
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Question #5
What learning activities can develop learners’ math skills?
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29. Health Insurance Calculations Source: http://njaes.rutgers.edu/money/pdfs/DoE-Lesson-Plan-8-Comparing-Insurance-How-Health-Insurance-Works.pdf
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30. Check-Writing Activities Source: http://njaes.rutgers.edu/money/pdfs/DoE-Lesson-Plan-5-Becoming-a-Critical-Consumer.pdf
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More Spreadsheet Activities Next Gen Personal Finance Spreadsheets
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Question #6
What learning activities do you use that are very personalized to learners’ thoughts/values/goals?
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32. Index Card Activity
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http://nextgenpersonalfinance.org/activity-update-all-the-finance-advice-you-need-should-fit-on-an-index-card/
33. Values Clarification Activities • http://www.therapistaid.com/worksheets/exploring-values.pdf • http://www.dawnfrail.com/wp-content/uploads/2012/07/Clarify-Values.pdf • https://web.extension.illinois.edu/money/values.cfm • http://www.state.nj.us/education/aps/cccs/career/resources/mc/lesson9.pdf • http://share.ehs.uen.org/system/files/ForcedValueWorksheet.pdf
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Source: Eagle Vision Leadership Development Group: http://www.dawnfrail.com/wp-content/uploads/2012/07/Clarify-Values.pdf
35. Soundbite Summaries
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36. Savings Challenges http://articles.extension.org/pages/73884/monthly-investment-message:-july-2016
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37. M&M Candy (or Fruit) Activity
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38. Draw Your Dreams
57 Source: http://njaes.rutgers.edu/money/pdfs/session-iv.pdf
40. PowerPay Debt Repayment Acceleration Calculation
https://powerpay.org/ http://rci.rutgers.edu/~boneill/assignments/powerpay.html
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41. Plug the Leaks Give learners a handout with a picture of a boat with ten holes in it. Explain that, just like holes in a boat will eventually cause it to sink, holes in one’s spending can cause financial distress and/or use up money that could otherwise be saved.
Ask participants to identify personal spending leaks. Then ask for volunteers to report their leaks to the total group and discuss.
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Source: Building Financial Strength and Stability (2004). National Endowment for Financial Education.
42. Risk Tolerance Quizzes http://njaes.rutgers.edu/money/riskquiz/ (13-Question Quiz)
https://www.investmentphilosophy.com/behavioural-finance/your-attitude-to-risk/the-balloon-test (Barclays “The Balloon Test” Simulation With Pumping and Popping Balloons)
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43. Wheel of Money http://www.ppl-inc.org/wp-content/uploads/2012/09/Wheel-of-Money.pdf
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Question #7
What financial education learning activities involve online resources and searches?
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44. WebQuests A structured online inquiry activity: http://www.educationworld.com/a_tech/tech/tech011.shtml
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45. Twitter: Chats, Polls, Storify
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46. Live Video Streaming Facebook Live
https://www.facebook.com/search/top/?q=mfln%20personal%20finance
YouTube Live
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https://www.youtube.com/watch?v=DHOLLP731Cw
Question #8
What are some good summary learning activities to close a financial education class or briefing?
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48. Seven Word Summary • Adapted from Six-Word Memoirs:
http://www.sixwordmemoirs.com/
• Summarize key take-aways in just 7 words
– Pay yourself first to save for retirement
– Always pay more than credit card minimum
– Avoid high cost payday lenders and pawnshops
– Follow the “Rule of Three” when shopping
– Save at least part of your tax refund
– Save 3-6 months of expenses for emergencies
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49. Mill to the Music
70 Source: Building Your Programs 20 Minutes at a Time: Leadership and Reflection Activities You Can Use, University of Minnesota Extension (2010).
50. “Take Your Temperature” Evaluation of Learners’
Knowledge or Confidence
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It’s Now Time to Order From the Menu: Pick a Few of the
50 Learning Activities
72 Photo taken by Barbara O’Neill
What is one significant thing
you learned today?
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www.extension.org/62581
74 This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, and the Office of Family Readiness Policy, U.S. Department of Defense under Award Numbers 2014-48770-22587 and 2015-48770-24368.