Get your students motivated to improve their personal finance and money management skills with the free online game Gen i Revolution. Compete to win prizes, including 2 tickets to the 51st Annual Financial Literacy and Economic Education Conference! http://www.genirevolution.org/
Teach them basic things like how to read a credit card application, how to do 1040ez, how to make a resume..I find kids are engaged because they know they have to really know. From there, they want to know about retirement, auto insurance etc. Before I do any stock market simulation, I have them simulate the stock floor experience, so they get the purpose. This gives them more focus in a stock market simulation to ask better questions to get them into it more in depth.
I too have both my 7th and 8th grade students involved in the Stock Market Simulation Game. http://stockmarketgame.org/
I have been doing this for over 30 years. The students/parents/administration LOVE the idea. I teach computer technology and integrate all of my standards into the semester course. I took two of my winning students to the NECC one year and they were in the Student Presentation Booth. The name of the booth was, "It Takes Money to Make Money, See Two Boys that Did It!" The experience is something that they will never forget. It was in CA over the Fourth of July.
It is a life's lesson that I wish someone would have taught me 50 years ago. If they did..........I probably wouldn't be responding to this post............I would be relaxing on my own island.
Has anyone used Planwise? In a blog post by Richard Byrne titled, "Planwise Can Help Students Plan Their Financial Futures," (Tech & Learning December 18, 2012), he states that "Planwise is a free service that is designed to help people manage their budgets and plan for their financial futures."
Byrne especially recommends this site to help students grasp the idea of planning for big purchases as well as managing shorter term financial decisions.
Is this a website that would you use to teach your students about personal financial management?
Here are two great resources for helping students learn about the cost of living.
Have you found other resources that help students understand the reality of cost of living?