Strategies for Teaching Personal Finance to Technical Leaders of All Ages Carmen Pedersen Elizabeth...
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Transcript of Strategies for Teaching Personal Finance to Technical Leaders of All Ages Carmen Pedersen Elizabeth...
Strategies for Teaching Personal Finance to
Technical Leaders of All Ages
Carmen PedersenElizabeth Espino
Karen Alexander, Ph.D.
#LetsTeachFinancialLiteracy
Poll
⦿ If you have a Smart Device, please go to www.socrative.com now.
⦿ Select “Student Login”.⦿ Enter room code: SGCROXWX.⦿ Answer the questions.
#LetsTeachFinancialLiteracy
Benefits of Financial Literacy
⦿Cash management ⦿Debt management ⦿Planning for retirements ⦿Saving plans⦿Credit usage
#LetsTeachFinancialLiteracy
Benefits of Technology
⦿ Accessible to younger generation ⦿ Abundant resources ⦿ Easiness in teaching (TeachThought, 2013)⦿ Improves student interest in content
(TeachThought, 2013)⦿ Learning becomes enjoyable (TeachThought,
2013)⦿ Compliments child’s learning style
(TeachThought, 2013)
#LetsTeachFinancialLiteracy
Putting Them Together
⦿Help students and low socioeconomic communities
⦿Break poverty cycles
#LetsTeachFinancialLiteracy
Resources that Teach Financial Literacy and Allow for PracticeAges 5-10
#LetsTeachFinancialLiteracy
Lesson Topics
⦿How Money Works⦿Basic Savings⦿Spending
#LetsTeachFinancialLiteracy
PiggyBot by BancVue, Ltd.
#LetsTeachFinancialLiteracy
⦿App: https://itunes.apple.com/us/app/piggybot/id844151884?mt=8 ⦿Virtual Balance⦿Smart Money Management ⦿Track Allowance Spending & Saving ⦿Three Accounts: ›Spend-It ›Share-It ›Save-It
PiggyBot by BancVue, Ltd.
#LetsTeachFinancialLiteracy
Money Island by BancVue, Ltd. ⦿App: http://www.bancvue.com/financial-literacy/moneyisland.html ⦿Fun into Financial Literacy ⦿Real Life Principals of Financial Planning ⦿Parent & Teacher Center ⦿Curriculum Build Skills: ›Saving & Spending ›Earning & Investing ›Using Credit Wisely
#LetsTeachFinancialLiteracy
Money Island by BancVue, Ltd.
#LetsTeachFinancialLiteracy
Apps by Green $treet Commons
⦿App: http://greenstreetcommons.com
⦿Users
› Educators, Parents, Grandparents, & Children from 5-8 years
⦿Real Life Principals of Financial Presentation
⦿Learn Essential Money & Math skills:
›Setting Goals
›Budgeting
›Earning Money
›Saving & Spending Decision Making
›Giving to Charity
#LetsTeachFinancialLiteracy
Apps by Green $treet Commons
#LetsTeachFinancialLiteracy
Resources that Teach Financial Literacy and Allow for PracticeAges 11-17
#LetsTeachFinancialLiteracy
Lesson Topics
⦿Basic Financial Literacy⦿Budgeting⦿Tracking expenses⦿Saving⦿Spending⦿Credit
#LetsTeachFinancialLiteracy
Financial Football HD by Practical Money Skills & Visa
#LetsTeachFinancialLiteracy
⦿App: http://www.practicalmoneyskills.com/games/trainingcamp/ff/
⦿Test Money Management Skills
›Answer Financial Questions that allow you to move downfield & score touchdowns.
⦿Lessons Provided for Educators
⦿Ages 11-18+ years old.
⦿Key Concepts :
›Saving & Spending
›BUdgeting
›Wise use of Credit
Financial Football HD by Practical Money Skills
#LetsTeachFinancialLiteracy
Texas Reality Check by: Texas Education Agency
#LetsTeachFinancialLiteracy
⦿App: http://www.texasrealitycheck.com⦿Selecting the right career for a person’s Spending Needs ⦿Reality Check ›Buying “Stuff” ⦿Future Salary ⦿Occupation DIrect
Texas Reality Check by: Texas Education Agency
#LetsTeachFinancialLiteracy
Practical Money Skills Calculators by Visa
#LetsTeachFinancialLiteracy
⦿App: http://www.practicalmoneyskills.com/calculators/
⦿Explore Financial Information using Calculators
⦿For all Ages
⦿Type of Calculators:
›Auto
›Budget & Goals
›Career & Retirement
›Family & Life
›Education & College
›Many More
Practical Money Skills Calculators by Visa
#LetsTeachFinancialLiteracy
Resources that Teach Financial Literacy and Allow for PracticeAges 18-25
#LetsTeachFinancialLiteracy
Lesson Topics
⦿Financial Literacy⦿Budgeting⦿Tracking expenses⦿Saving⦿Spending⦿Debt⦿Credit
#LetsTeachFinancialLiteracy
MintGrad by Mint.com
⦿ http://www.themintgrad.org/⦿ Assess your knowledge with financial quizzes⦿ Calculate and pay down your debt⦿ Learn about your spending habits and budget
busters⦿ Develop a budget and savings goal⦿ Learn about practical investment strategies⦿ Start a savings plan⦿ Read a blog about finances for young adults⦿ Socialize about money using #hashtags, e-cards,
and social media
#LetsTeachFinancialLiteracy
MintGrad by Mint.com
#LetsTeachFinancialLiteracy
Personal Financial PlanWIZ by PF Wiz LLC
⦿ App: http://pfwiz.com/financial-planning-wiz/⦿ Set goals⦿ Track your income, assets, debt, and retirement
savings⦿ Performs “what if” analyses ⦿ Provides tips on wealth, cash flow, and goals⦿ Emails results as a pdf
#LetsTeachFinancialLiteracy
Personal Financial PlanWIZ by PF Wiz LLC
#LetsTeachFinancialLiteracy
Bill Guard
⦿ App: https://www.billguard.com/ ⦿ Tracks your spending⦿ Notifies you about potential fraudulent purchases
and data breaches⦿ Alerts you about potential identity theft⦿ Analyzes spending⦿ Contacts card companies in the case of
fraudulent purchases⦿ Offers $1 million in identity theft protection**⦿ Best Finance App of 2014- Google PlayStore
#LetsTeachFinancialLiteracy
Bill Guard
#LetsTeachFinancialLiteracy
Resources that Teach Financial Literacy and Allow for PracticeAges 25+
#LetsTeachFinancialLiteracy
Lesson Topics
⦿Financial Literacy⦿Budgeting⦿Tracking expenses⦿Saving⦿Spending⦿Debt⦿Retirement⦿Investing
#LetsTeachFinancialLiteracy
Mint Personal Finance by Mint.com
⦿ App or Website: https://www.mint.com/ ⦿ Develop a budget⦿ Tracking spending⦿ Receive bill reminders⦿ Pay your bills⦿ Check your credit score⦿ Receive customized tips for money management
and improving your credit
#LetsTeachFinancialLiteracy
Mint Personal Finance by Mint.com
#LetsTeachFinancialLiteracy
MyHome ScrAPPbook by National Association of Insurance Commissioners (NAIC)
⦿ App: http://www.insureuonline.org/insureu_games_apps.htm
⦿ Take inventory of household items for insurance purposes› Pictures› Descriptions› Bar Codes or Serial Numbers› Purchase Date and Price
⦿ Includes tips
#LetsTeachFinancialLiteracy
MyHome ScrAPPbook by National Association of Insurance Commissioners (NAIC)
#LetsTeachFinancialLiteracy
WreckCheck by National Association of Insurance Commissioners (NAIC)
⦿ App: http://www.insureuonline.org/insureu_games_apps.htm
⦿ Guides you through steps to take following a car accident
⦿ Stores information⦿ Records current location, photos, and audio⦿ Creates an accident report⦿ Provides tips for filing and following up on a
claim
#LetsTeachFinancialLiteracy
WreckCheck by National Association of Insurance Commissioners (NAIC)
#LetsTeachFinancialLiteracy
Retire Logix by Oltis Software, LLC.
⦿ App: http://www.retirelogix.com/⦿ Interactive retirement calculator⦿ Accounts for income (benefits, pension,
annuities, assets), wants, needs, taxes, and inflation over a number of years
⦿ Provides a report of financial information and need
#LetsTeachFinancialLiteracy
Retire Logix by Oltis Software, LLC.
#LetsTeachFinancialLiteracy
Resources that Teach Financial Literacy and Allow for PracticeEducational Tools
#LetsTeachFinancialLiteracy
Video:https://www.youtube.com/watch?v=FagVSQlZELY&sns=em
#LetsTeachFinancialLiteracy
Student Instructions:Technology Application Reviews
Select an educational app related to your instructional area/s to review.
Share and discuss reviews via the Blackboard discussion tool by the designated date.
Reviews should include:
1. Correct APA citation of the app site
2. Brief summary of the app’s functions (1-2 paragraphs)
3. Personal reaction to the app (1 paragraph)
4. Implications for your practice (1 paragraph)
One page single spaced or two pages double spaced will be sufficient.
Reviews will be worth 10 points each.
#LetsTeachFinancialLiteracy
Live Binder:http://www.livebinders.com/play/play?id=1602230&backurl=/shelf/my
#LetsTeachFinancialLiteracy
Sources
TeachThought. (2013). Making The Gamification Of Financial Literacy Work. Retrieved June 26, 2015.
Authors
Carmen PedersenTexas Tech Doctoral [email protected](706) 340-7049
Elizabeth EspinoTexas Tech Master's [email protected](806) 401-9609