Bridging Learning to Behavior. Brian Page Personal Twitter: @FinEdChat Classroom Twitter: @TeenDollars. Nuts and Bolts of Personal Finance. Tools we use to manage our personal finances Example: Banking services Concepts applicable to financial scenarios Example: Power of compound interest
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Personal Twitter: @FinEdChat
Classroom Twitter: @TeenDollars
+ Behavior Strategies
+ Relevant teen topics
*My students had already set savings goals prior to this survey
The “Why’s” are important, the “Why’s” are examples of how we can make lessons relevant
Plan your lessons and design your tests looking at the financial world through the eyes of a teenager.
Choosing a Financial Institution
Using Mobile Phones as Money Management Tools
Three universally effective strategies…
Select the term describing the process of setting income aside for future spending.
a. Credit Card
Select the best savings strategy for Michael, a teenager with a job and access to a direct deposit
a. Direct deposit income into a checking account
b. Direct deposit income into a savings account
c. Elect to receive checks rather than use a direct deposit service
d. Direct deposit a portion of income into a checking and a portion of income into savings
Select the term defining the purchasing goods or services without considering needs, goals, or consequences.
c. Impulse Buying
d. Delayed Gratification
If making an impulsive choice, which financial decision to overspend would be morecostly over time?
a. Flexible expense, such as overspending on a purse
b. Fixed expense, such as overspending on a car
c. Flexible expense, such as overspending on prom
d. Flexible expense, such as overspending on dinner