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2019 FEBC Chunk #3-Teaching Personal Finance Through Games
This document discusses teaching personal finance concepts through games. It begins by outlining the workshop objectives of discussing benefits of game-based learning, game-playing personalities, and describing over 20 interactive personal finance games. It then discusses why gaming is effective for learning as it increases student engagement and motivation. Benefits of gaming include increased memory, problem-solving skills, and motivation to learn. The document provides examples of both low-tech and digital games that can be used and adapted for classroom learning. It concludes by having participants choose some games to try incorporating into their teaching.
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2019 FEBC Chunk #3-Teaching Personal Finance Through Games
- 1. PF SMS iconsPFSMS icons 1 Teaching Personal Finance Through Games Barbara O’Neill, Ph.D., CFP® Rutgers Cooperative Extension
- 2. Workshop Objectives • Discussbenefits of game-based learning • Discuss game-playing personalities • Describe 20+ interactive personal finance games • Provide an opportunity for participants to share games 2
- 3. This Session isLike a New Jersey Diner Menu: You Need to Pick and Choose! 3Photo taken by Barbara O’Neill
- 4. Why Gaming? • Anengaged student is motivated to learn • Philosopher Fred Newman called student engagement a “psychological investment in learning.” 4 Newmann, F.M., Wehlage, G.G. & Lamborn, S. (1992). The significance and sources of student engagement. In F. Newmann (Ed.), Student Engagement and Achievement in American Secondary Schools. New York: Teachers’ College Press.
- 5. Why Gaming? • Complexproblems threaten our world today • We don’t often ask students to solve real-world problems • Education systems are not adequately nurturing students’ innate creativity 5 Source: Dr. Katy Blatnick-Gagne, Texas Tech University
- 6. Benefits of TeachingWith Games • Increases students’ memory capacity • Fosters fast strategic thinking and problem-solving • Builds computer skills • Develops hand-eye coordination • Skill-building tasks (e.g. map reading) • Increases students’ motivation to learn • Increases class cooperation and teamwork • Makes learning about personal finance fun! https://www.teachthought.com/technology/6-basic-benefits-of-game-based-learning/ https://www.teachstarter.com/us/blog/10-benefits-playing-games-classroom-us/ 6
- 7. Classroom Adaptations of Games •NOT an “add on”: Learning comes from playing the game (deeper understanding of content) • Games can be digital or non-digital • Games may incorporate badges and awards • Experience points (XPs) may be used as a substitute for traditional grades • Teacher should ALWAYS play a game before using it with students- YOU must think it is fun! 7Source: Dr. Katy Blatnick-Gagne, Texas Tech University
- 8. Features of Well-Designed EducationalGames • Goal-focused activity • Reward mechanisms • Progress-tracking • Easily understandable rules Source: Dr. Katy Blatnick-Gagne, Texas Tech University 8
- 9. Why People PlayGames 9Source: Dr. Katy Blatnick-Gagne, Texas Tech University
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- 11. What is YOUR GamingPersonality? 11 Online Assessment: http://matthewbarr.co.uk/bartle/
- 12. Low Tech (Non-Digital)Games 12
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- 16. Polarity Activity • Thereis no “wrong” answer as long as you can defend it (“it depends”) Examples: • Need vs. Want? • Yes vs. No? • Agree vs. Disagree? • Buy it vs. Don’t buy it? • Big tax refund vs. Small tax refund? 16
- 17. “Paper Bag Theater” •Give small groups a bag full of “stuff” to make a 2-3 minute financial education skit with – Pens/sharpies to write with, paper, scissors, tape, etc. – A Frisbee can become a “car steering wheel” – Credit card applications, newspaper ads, etc. • Learners can add other items in their possession • Allow 30-45 minutes of skit “prep time” • Learners present their skits to the large group 17
- 18. Mill to theMusic 18 Source: Building Your Programs 20 Minutes at a Time: Leadership and Reflection Activities You Can Use, University of Minnesota Extension (2010).
- 19. Reality Simulation: The BeanGame http://extension.missouri.edu/BSF/money/BeanGame_color.pdf 19
- 20. Reality Simulation: Welcome toRetirement https://store.extension.iastate.edu/Product/sp243-pdf 20
- 21. High Tech (Digital)Games 21
- 22. PowerPoint Games Jeopardy! MillionaireGame 22http://rci.rutgers.edu/~boneill/review/index.html
- 23. Puzzlemaker http://www.puzzle-maker.com/ •Can make aword search puzzle or crossword puzzle •Basic features are free 23
- 24. Ignite Presentations (a.k.a., “LighteningRounds”) • 20 slides, 15 second advances, 5-minute talks • Template master: http://www.ignitephoenix.com/tips/ • Turn it into a competition with “required elements” and prizes 24
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- 28. Shady Sam 28 https://shadysam.com/ Welcometo your first day of work at Shady Sam’s. Your job is to make as much money as possible off the backs of hard-working Americans. How? By issuing loans that make us a hefty profit. When lenders make money, borrowers lose. Shady Sam is designed to demonstrate how loan terms can hurt you if you don't pay attention.
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- 30. Quizlet and Quizizz NGPFQuiz Games Library: https://www.ngpf.org/quiz-games-library/ 30
- 31. Financial Football andSoccer 31 https://www.financialfootball.com/ https://www.practicalmoneyskil ls.com/play/financial_soccer
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- 33. The Stock MarketGame https://www.stockmarketgame.org/ 33
- 34. Other Games (CostsVary) • Monopoly board game: https://monopoly.hasbro.com/en-us • The Game of Life board game: https://en.wikipedia.org/wiki/The_Game_of_Life • Payday board game: https://en.wikipedia.org/wiki/Pay_Day_(board_game) • Money Habitudes for Teens: http://shop.moneyhabitudes.com/money- habitudes-for-teens/ • Cashflow 101 board game: https://www.richdad.com/apps- games/cashflow-boardgame • Sand Dollar City: http://www.sanddollarcity.com/ 34
- 35. It’s Now Timeto Order From the “NJ Diner Menu”: Pick a Few Games to Try 35Photo taken by Barbara O’Neill
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