Activity Idea: Personal Finance In My Life
My travels took me to Chicago and New York recently and here are some images related to personal finance that I captured:
- Thanks to the Federal Reserve Bank of Chicago for recently co-hosting the Financial Literacy Summit with VISA. I enjoyed moderating the panel on Expanding Access to Financial Education Programs (video for Session 6 here):
- Would you take tax advice from a “tax truck?” Seen on the streets of New York the weekend before Tax Day:
- What is a collateral loan broker and how does their ad on the side of a truck try to “lure” you in?
- Good reminder to set up those account alerts to warn you when your checking account balances are running low. We developed an activity for that.
- A good philosophical question to kick off your personal finance class. See what your students come up with. Here’s how one teacher addresses the values issue in her course.
Why not have your students complete a similar activity where they spend a week capturing 5-10 finance-related images in their life? This assignment will open their eyes to all the different messages they encounter on a daily basis; each trying to get them to take a specific action. What might some examples be:
- Maybe it’s a trip to the grocery store with their parents
- Using their debit card at the 7-11
- Seeing an ad on the web that has been customized based on a recent search they did
- The vending machine at school
- The snacks set up at the check-out counter of most retail stores
- The marketing messages that bombard them every day
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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