Week 8
More Case Studies
Today's lecture got me thinking about expectations of financial education and in what ways I can challenge those.
For homework over the holidays Karl asked to see something so for the design sprint I decided I was going to use the same thing however I created a Kahoot quiz game to test the assumption that financial education isn't as effective in a group setting or find out if it can be effective. This is a group exercise so didn't really work in a 1 on 1 environment. However, this is the feedback I got on the concept:
Jumpstart
Jump$tart is a national nonprofit coalition of more than 100
organizations from business, finance, academia, education, government and other
sectors, as well as a network of 51 state affiliates, which share a commitment to
“financial smarts for students.”
Jump$tart Coalition National Partners and affiliated State
Coalitions work collaboratively to advance the financial literacy of preschool
through college-age youth through public advocacy and awareness, and by
promoting and supporting effectiveness in financial education.
The Jump$tart Coalition maintains the National
Standards in K-12 Personal Finance Education, which serve as a
program-design and evaluation framework for school administrators, teachers,
curriculum specialists, instructional materials developers, and educational
policymakers.[4] The
Jump$tart Coalition developed the first national conference devoted to
classroom teachers of personal finance in 2009.[citation needed]
April was promoted as Financial Literacy Month for
Youth[when?] and
later National Financial Literacy Month to
highlight the importance of financial literacy in America. The Jump$tart
Coalition, Junior Achievement, and the Council for Economic Education founded
“Financial Literacy Day on Capitol Hill” in 2003, which has since been held
every April.[5]
Since 2000, the Jump$tart Coalition has administered
the Survey of Personal Financial Literacy among high school
students biennially[6] to
determine and better understand the level of financial literacy among high
school students. The 2008 iteration of the survey extended its reach to college
students.[7]
Sorted
Sorted in Schools
Welcome to the first free financial capability programme
fully aligned to the National Curriculum. Our vision is to equip all young New
Zealanders for their financial futures.
Sorted in Schools is powered by CFFC (Commission for
Financial Capability).
All the teaching and learning resources for Sorted in
Schools are fully aligned to the National Curriculum. They're accessible only
via this website and many of the resources can be downloaded and used offline.
Functionality on the site allows teachers to create a
personalised dashboard, which allows them to save and share resources so they
can better plan their financial capability lessons.
A key success measure for the programme is to ensure all
young New Zealanders have equitable access to financial capability education.
To achieve this, we’ll gradually release eight teaching and learning packages
for secondary school years 9-13 between 2019-2021.
We’ll develop four packages in English and four te reo
Māori. We've started with years 9-10 for both the New Zealand Curriculum and Māori
Medium Education.
Package 1: starting on financial identity
The first teaching and learning package is based on the
theme of financial identity and covers the topics of; managing my money/moni,
debt/nama, setting goals and savings.
Package 2 (trial): starting on financial sustainability
The trial resources for the second package for years 9-10
are based on the theme of financial sustainability. They're available now on
the financial
sustainability page and also on the resources page.
Topics covered include KiwiSaver, retirement, insurance and investment.
Since 2001, CFFC's brand Sorted has become a trusted
source of free, impartial and independent financial information and resources
for the more than 1 million New Zealanders who use it every year.
As New Zealand’s trusted personal finance site, Sorted has
the tools and information you need to tackle debt, plan and budget, save and
invest, dial up your KiwiSaver, plan for retirement, protect what's important,
and manage a mortgage. No matter where you are at when it comes to money – just
starting your first job or wrapping up a successful career – Sorted lets you
fine-tune your finances and get ahead moneywise.
The online channel enables us to deliver to many people, is
cost-effective and personalised, but it assumes a level of motivation and
self-direction. The Sorted brand is also featured in a suite of face-to-face
programmes for communities and workplaces that take the time to work on our
attitudes to, knowledge of and relationship with money. They run from one-off
seminars to nine-week programmes with variations in between. The digital
resources online are used in the face-to-face programmes.
- always has to be multi-choice questions cant be about anything with multiple answers or open-ended questions
- time pressure is difficult when doing math equations
- the peer pressure competitive environment is a good motivator
- allows students to see which areas they struggle with and identify themselves with how much they know or don't know and in relation to peers
- doesn't allow for scenarios or making choices because it's very generalized
- best used for concept definitions
- information likely to be forgotten because it's so quick
- skills and strategies are hard to include because they are not questions that are right or wrong
- students cant use trial and error or get involved practically to test if the strategies work
- cannot teach students how to improve personal finance management
- I need to take the fun, exciting, engaging competitive nature of kahoot and channel it in a more interactive practical scenario based resources
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