Strategies for Teaching Personal Finance to Technical Leaders of All Ages

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Strategies for Teaching Personal Finance to
Technical Leaders of All Ages

• Carmen Pedersen
• Elizabeth Espino
• Karen Alexander, Ph.D.

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Poll

• If you have a Smart Device, please go to
  www.socrative.com now.
• Select Student Login.
• Enter room code SGCROXWX.
• Answer the questions.

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Benefits of Financial Literacy

• Cash management
• Debt management
• Planning for retirements
• Saving plans
• Credit usage

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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 childs learning style (TeachThought,
  2013)

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Putting Them Together

• Help students and low socioeconomic communities
• Break poverty cycles

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Resources that Teach Financial Literacy and Allow
for Practice

• Ages 5-10

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Lesson Topics

• How Money Works
• Basic Savings
• Spending

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PiggyBot by BancVue, Ltd.

• App https//itunes.apple.com/us/app/piggybot/id84
  4151884?mt8
• Virtual Balance
• Smart Money Management
• Track Allowance Spending Saving
• Three Accounts
• Spend-It
• Share-It
• Save-It

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PiggyBot by BancVue, Ltd.
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Money Island by BancVue, Ltd.

• App http//www.bancvue.com/financial-literacy/mon
  eyisland.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

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Money Island by BancVue, Ltd.
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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

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Apps by Green treet Commons
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Resources that Teach Financial Literacy and Allow
for Practice

• Ages 11-17

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Lesson Topics

• Basic Financial Literacy
• Budgeting
• Tracking expenses
• Saving
• Spending
• Credit

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Financial Football HD by Practical Money Skills
Visa

• App http//www.practicalmoneyskills.com/games/tra
  iningcamp/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

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Financial Football HD by Practical Money Skills
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Texas Reality Check by Texas Education Agency

• App http//www.texasrealitycheck.com
• Selecting the right career for a persons
  Spending Needs
• Reality Check
• Buying Stuff
• Future Salary
• Occupation DIrect

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Texas Reality Check by Texas Education Agency
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Practical Money Skills Calculators by Visa

• App http//www.practicalmoneyskills.com/calculato
  rs/
• Explore Financial Information using Calculators
• For all Ages
• Type of Calculators
• Auto
• Budget Goals
• Career Retirement
• Family Life
• Education College
• Many More

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Practical Money Skills Calculators by Visa
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Resources that Teach Financial Literacy and Allow
for Practice

• Ages 18-25

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Lesson Topics

• Financial Literacy
• Budgeting
• Tracking expenses
• Saving
• Spending
• Debt
• Credit

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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

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MintGrad by Mint.com
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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

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Personal Financial PlanWIZ by PF Wiz LLC
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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

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Bill Guard
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Resources that Teach Financial Literacy and Allow
for Practice

• Ages 25

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Lesson Topics

• Financial Literacy
• Budgeting
• Tracking expenses
• Saving
• Spending
• Debt
• Retirement
• Investing

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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

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Mint Personal Finance by Mint.com
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MyHome ScrAPPbook by National Association of
Insurance Commissioners (NAIC)

• App http//www.insureuonline.org/insureu_games_ap
  ps.htm
• Take inventory of household items for insurance
  purposes
• Pictures
• Descriptions
• Bar Codes or Serial Numbers
• Purchase Date and Price
• Includes tips

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MyHome ScrAPPbook by National Association of
Insurance Commissioners (NAIC)
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WreckCheck by National Association of Insurance
Commissioners (NAIC)

• App http//www.insureuonline.org/insureu_games_ap
  ps.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

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WreckCheck by National Association of Insurance
Commissioners (NAIC)
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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

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Retire Logix by Oltis Software, LLC.
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Resources that Teach Financial Literacy and Allow
for Practice

• Educational Tools

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Video

• https//www.youtube.com/watch?vFagVSQlZELYsnsem
  

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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 apps 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.

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Live Binder

• http//www.livebinders.com/play/play?id1602230ba
  ckurl/shelf/my

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Sources

• TeachThought. (2013). Making The Gamification Of
• Financial Literacy Work. Retrieved June 26, 2015.
  

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Authors

• Carmen Pedersen
• Texas Tech Doctoral Student
• Carmen.Pedersen_at_ttu.edu
• [phone]

• Elizabeth Espino
• Texas Tech Master's Student
• Elizabeth.Espino_at_ttu.edu
• [phone]