1. Budget Challenge- The Road Test for Personal Finance
11/9/2018
Budget Challenge- The Road Test for Personal Finance
Good morning/afternoon and Welcome to Budget Challenge - The Road Test for Personal Finance!
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

2. What is Budget Challenge?
11/9/2018
What is Budget Challenge?
A competition to best manage a typical household budget
Receive and pay bills
Receive paychecks (pay taxes)
Save for retirement in 401k
Answer weekly quiz questions for points
Real Time Simulation 9-16 weeks in duration
Real-Life: Ultra-realistic with modern technology
Students manage own account - Learn by Doing
What is Budget Challenge? Budget Challenge is what you wish you had before you started living on your own – an online real-time personal finance simulation that immerses students in the realities of managing money, without the high costs that come along with making rookie mistakes.
Click the icon to play the video, “What is Budget Challenge?”.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

3. Flexible-Expands to Fill a Dedicated Class
11/9/2018
Flexible-Expands to Fill a Dedicated Class
Outside Class
Inside Class
Class Centerpiece
Business, Econ, Math, Family & Consumer Finance, History, Government, Career Tech, Social Studies, etc.
Dedicated Personal Finance class
2-3 hours prep
Minimal ongoing
~20min/week
1-4 hrs/week
Type of Class
Time
Requirements
Give examples of how it can be used and with the large variety of course types.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

4. 2 ways to Bring the Award-Winning Budget Challenge to Your Class
11/9/2018
2 ways to Bring the Award-Winning Budget Challenge to Your Class
2 US Patents
2015 Personal Finance Program of the Year
Over 250,000 students
have played
Fixed simulation schedule
Free for High Schools
Student Scholarships
10 week simulations
Custom Simulations
$20/student
High school and middle school students
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

5. The Road Test for Personal Finance
11/9/2018
The Road Test for Personal Finance
We wouldn’t give teens the keys to a car without proper training and testing of their knowledge of traffic laws AND driving skills.
So why do we routinely allow students to start using credit without some hands-on learning/testing?
Can’t drive a car unless you pass both the written test and the road test
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

6. How it Works Registration Make Choices & Budget View & Pay Bills
11/9/2018
How it Works
Registration
Create account
Confirm address
Before
Simulation
Read info packet
Use budget tool
Make vendor selections
Make Choices & Budget
Start of Simulation
View & Pay Bills
Learn by doing
Manage budget in real time
Pay bills
Save in 401k
Take Quizzes
Broken into 2 time periods
2 weeks prior to the simulation start when students register and create a budget.
10 weeks during the simulation when students pay bills and save money for retirement.
During
Simulation
Manage Money & Save
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

7. Leaderboard Scoring Balance between Present and Future Self
11/9/2018
Leaderboard Scoring
Balance between Present and Future Self
To score points students need to save money in their 401k
Saving money in your 401k reduces net income (and ability to pay bills)
If you can’t pay your bills, fees and penalties will quickly reduce score
To do well in Budget Challenge, students will need to save what they can
The only way to know what you can save is by creating a budget
Create a plan and execute to the plan.
Adjust for unexpected events.
It All Starts with a Budget
This is a competition.
Students earn points by saving money for retirement, answering quiz questions correctly and taking surveys.
Students lose points by incurring fees and penalties. Fee example – minimum balance fee in their bank account, Penalty example – a 150 point penalty or a paying a bill late.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

8. Real-World Ready What does it mean to be Real-World Ready?
11/9/2018
Real-World Ready
What does it mean to be Real-World Ready?
Understanding the financial world you live in by
Researching products and services
Understanding the terms of an agreement before engaging a vendor for services
Seeking out information before making decisions
Developing a reminder system for when invoices are due
Establishing sound financial habits
Controlling credit card utilization
Building and adhering to a plan or budget
Applying previously gained knowledge to a new situation.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

9. Scoring Real-World Ready and How to Win
11/9/2018
Scoring Real-World Ready and How to Win
3 Components of the Real-World Ready Score
The Real-World Ready Score measures demonstrated behaviors and applied knowledge.
To win a student needs the best Real-World Ready score. To get the best Real-World Ready score a student needs to perform well in all 3 components of Real-World Ready.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

10. Here’s what 250,000+ students told us
91% of students stated that as a result of playing Budget Challenge they are more likely to check their account balances before writing checks.
86% of students now feel more confident about managing money.
90% of students stated they are more aware of potential pit falls and mistakes.
82% of students feel better able to understand the ‘fine print’ or terms of financial products.
53% said they were rethinking their college major or career choice after experiencing the real world through Budget Challenge®
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

11. Program updates based on Teacher Recommendations:
11/9/2018
Program updates based on Teacher Recommendations:
NEW THIS YEAR!!!
The three items on the screen are a result of teacher feedback.
Your one teacher account now functions for facilitating as a teacher and playing as a student.
You now have the opportunity to earn FREE CEUs by playing Budget Challenge via your Teacher Play account. For more details go to and click on CEUs on the main menu.
We now offer a mobile app for teachers, so you can access your class activity in real time. With the app teachers can view real time monitoring of student registration and game play.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

12. H&R Block Budget Challenge
11/9/2018
H&R Block Budget Challenge
The program will kick off again this fall
Registration begins the end of July
H&R Block will share any program updates at that time
6 FREE simulation
3 in the fall semester and 3 in the spring semester
For the latest news and updates on the program, make sure to visit
You can “Save your Spot” before you leave today.
Only 195,000 students play for FREE this year.
“Save your Spot” TODAY!
This year Budget Challenge is fortunate to be sponsored by H&R Block. Thanks to H&R Block’s sponsorship there are 6 simulation that are FREE to students and teachers.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

13. “Save Your Spot” for Free H&R Block sponsored simulations
11/9/2018
“Save Your Spot” for Free H&R Block sponsored simulations
“Save your Spot” at
New and Returning Teachers
“How did you hear about us?”
Enter KACTE 2016
This is your opportunity to make sure your kids have the opportunity to experience our simulation for free. The first 195,000 students will play for free thanks to H&R Block’s sponsorship.
Once registration opens you will receive a communication with information on how to Create a Class and access Class Codes
Student registration begins 2 weeks prior to start date of the simulation.
Simulations last 10 weeks.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved

14. Questions? @BudgetChallenge 11/9/2018
Thank you for your time today. Does anyone have any additional questions before I show you how to “Save your Spot” for next year?
@BudgetChallenge
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright All Rights Reserved