Strategies for Teaching Personal Finance to Technical Leaders of All Ages Carmen Pedersen Elizabeth Espino Karen Alexander, Ph.D. #LetsTeachFinancialLiteracy

Poll  If you have a Smart Device, please go to 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 Practice Ages 5-10 #LetsTeachFinancialLiteracy

Lesson Topics  How Money Works  Basic Savings  Spending #LetsTeachFinancialLiteracy

PiggyBot by BancVue, Ltd. #LetsTeachFinancialLiteracy  App: ?mt= ?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: literacy/moneyisland.htmlhttp:// 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 #LetsTeachFinancialLiteracy  App:  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 Practice Ages #LetsTeachFinancialLiteracy

Lesson Topics  Basic Financial Literacy  Budgeting  Tracking expenses  Saving  Spending  Credit #LetsTeachFinancialLiteracy

Financial Football HD by Practical Money Skills & Visa #LetsTeachFinancialLiteracy  App:  Test Money Management Skills ›Answer Financial Questions that allow you to move downfield & score touchdowns.  Lessons Provided for Educators  Ages 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:  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:  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 Practice Ages #LetsTeachFinancialLiteracy

Lesson Topics  Financial Literacy  Budgeting  Tracking expenses  Saving  Spending  Debt  Credit #LetsTeachFinancialLiteracy

MintGrad by Mint.com   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:  Set goals  Track your income, assets, debt, and retirement savings  Performs “what if” analyses  Provides tips on wealth, cash flow, and goals  s results as a pdf #LetsTeachFinancialLiteracy

Personal Financial PlanWIZ by PF Wiz LLC #LetsTeachFinancialLiteracy

Bill Guard  App:  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 Google PlayStore #LetsTeachFinancialLiteracy

Bill Guard #LetsTeachFinancialLiteracy

Resources that Teach Financial Literacy and Allow for Practice Ages 25+ #LetsTeachFinancialLiteracy

Lesson Topics  Financial Literacy  Budgeting  Tracking expenses  Saving  Spending  Debt  Retirement  Investing #LetsTeachFinancialLiteracy

Mint Personal Finance by Mint.com  App or Website:  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:  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:  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:  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 Practice Educational Tools #LetsTeachFinancialLiteracy

Video: m #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: =/shelf/my #LetsTeachFinancialLiteracy

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

Authors Carmen Pedersen Texas Tech Doctoral Student (706) Elizabeth Espino Texas Tech Master's Student (806)